Remember when people said you could not ROI when bitcoin was at 400 - 500 ?

newIndia

legendary

Activity: 2226

Merit: 1052

Quote from: smoothie on January 14, 2015, 04:19:23 PM

Quote from: mavericklm on January 14, 2015, 08:16:25 AM

Best thing to do is lay back with a pizza and some beer!
When it hits 100$ i'll buy some for the future of my kids

Commendable. Investing in the future.

Not sure if we will hit $100...and if we do it may not stay there very long as I would buy in also along with a ton of whales waiting to scoop up coins.

Bitstamp i'm sure is trying to buy back those 18,000 btc they lost.

Bitstamp is buying back what BFL is selling.

dlowings

full member

Activity: 226

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Funny how they crushed the winter months for BTC … Fall and Winter was suppose to be the most profitable months for home miners… As it turns out, looks like the winter months will be where home miners take the biggest loss …

Funny how whoever is manipulating BTC played that hand ...

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: mavericklm on January 14, 2015, 08:16:25 AM

Best thing to do is lay back with a pizza and some beer!
When it hits 100$ i'll buy some for the future of my kids

Commendable. Investing in the future.

Not sure if we will hit $100...and if we do it may not stay there very long as I would buy in also along with a ton of whales waiting to scoop up coins.

Bitstamp i'm sure is trying to buy back those 18,000 btc they lost.

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

If you think these recent price drops aren't seriously negatively impacting the major ASIC manufacturers bottom-lines (yes, even Bitmain) your completely off your rocker imho. If your a large mining farm current price levels are basically a death knell insofar as profitability is concerned. There are going to be quite a few mining operations shutting their gear down in the coming weeks/months I suspect.

Dalkore

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Activity: 1330

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Mining since 2010 & Hosting since 2012

Quote from: xstr8guy on January 13, 2015, 09:51:33 PM

As painful as this drop feels, maybe we will see industrial mining start to wane if the price stays low for a few months.

But my instincts tell me that this will barely hurt the strongest manufacturers such as Bitfury, at least in the near-term. They strongest may even continue to take a larger percentage of the network as the weaker competitors dropout and home mining stops completely. And I think that will destroys the future of bitcoin as we know it.

I doubt it, it is too easy for the ASIC manufacturers (that are solvent) with their own hosting capability to pick up the slack of any drop in difficulty.

gentlemand

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Welt Am Draht

Quote from: dlowings on January 13, 2015, 06:07:42 PM

I'm sorry I had to laugh…. remember when we all talked about alt coins being a pump and dump …

Don't look now but 2014 was the dump year for Bitcoin … and with Russia out of the game I suspect we will see little if any pump in 2015 ….

Russia has never counted for shit in the crypto space.

wpgdeez

hero member

Activity: 728

Merit: 500

Quote from: philipma1957 on January 13, 2015, 07:16:36 PM

Quote from: PolarPoint on January 13, 2015, 06:25:30 PM

Quote from: Tupsu on January 13, 2015, 05:53:28 PM

I bought today 10 BTC
To buy soon more miners.

Buying a miner in btc still may not ROI in btc. Unless you plan to sell mined bitcoin and calculate profit in fiat. Then, why not just hold the btc and not mine?

If you have any belief in this at all you should :

1)buy btc with fiat today
2)hold some
3)spend some
4) you should mine
5) holding some of the btc
6) spend some of the btc.

If you want to make money on this, I would say the bears are out. So play this like a bear market.

Because the buy and hold method worked so well in 2014.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: mavericklm on January 14, 2015, 08:16:25 AM

Best thing to do is lay back with a pizza and some beer!
When it hits 100$ i'll buy some for the future of my kids

Let's hope for your kids sake that it's not 1 BTC = 1 school lunch.

mavericklm

hero member

Activity: 742

Merit: 500

Best thing to do is lay back with a pizza and some beer!
When it hits 100$ i'll buy some for the future of my kids

alh

legendary

Activity: 1846

Merit: 1052

Bitcoin price nearly in free fall for a while tonight:

$187.55!!!

Lots of thinking to do at this price for a whole lot of miners.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

As painful as this drop feels, maybe we will see industrial mining start to wane if the price stays low for a few months.

But my instincts tell me that this will barely hurt the strongest manufacturers such as Bitfury, at least in the near-term. They strongest may even continue to take a larger percentage of the network as the weaker competitors dropout and home mining stops completely. And I think that will destroys the future of bitcoin as we know it.

Korbman

legendary

Activity: 1064

Merit: 1001

Quote from: dlowings on January 13, 2015, 06:07:42 PM

Don't look now but 2014 was the dump year for Bitcoin …

Understandably so.

For the most part, 2014 was the year of industrial mining. They're not in this game to hold onto Bitcoin, they're in it to dump what they mine and reach their breakeven projections as soon as possible. When you're working with a few million $$ in hardware, holding Bitcoin for the potential to have a higher return doesn't make sense.

philipma1957

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Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: PolarPoint on January 13, 2015, 06:25:30 PM

Quote from: Tupsu on January 13, 2015, 05:53:28 PM

I bought today 10 BTC
To buy soon more miners.

Buying a miner in btc still may not ROI in btc. Unless you plan to sell mined bitcoin and calculate profit in fiat. Then, why not just hold the btc and not mine?

If you have any belief in this at all you should :

1)buy btc with fiat today
2)hold some
3)spend some
4) you should mine
5) holding some of the btc
6) spend some of the btc.

If you want to make money on this, I would say the bears are out. So play this like a bear market.

PolarPoint

hero member

Activity: 672

Merit: 500

Quote from: Tupsu on January 13, 2015, 05:53:28 PM

I bought today 10 BTC
To buy soon more miners.

Buying a miner in btc still may not ROI in btc. Unless you plan to sell mined bitcoin and calculate profit in fiat. Then, why not just hold the btc and not mine?

dlowings

full member

Activity: 226

Merit: 100

I'm sorry I had to laugh…. remember when we all talked about alt coins being a pump and dump …

Don't look now but 2014 was the dump year for Bitcoin … and with Russia out of the game I suspect we will see little if any pump in 2015 ….

sorry guys ...

MyRig

donator