DUMP YOUR BITCOINS

[r00t]

Originally Posted by Orruar [You must be logged in to view images. Log in or Register.]

Looking at a chart, it would appear the OP called to dump bitcoins at the very bottom of the trough. Bad economic advice on the P99 forums? Why I never.

we must be looking at 2 completely different graphs

[Champion_Standing]

Originally Posted by Orruar [You must be logged in to view images. Log in or Register.]

You just made 7 posts in a row.. going for a record?

If it's so easy to make money bitcoin mining, why aren't you doing it?

Seriously runlvl, you gotta give yourself an extra 2 minutes before hitting the post button.

[runlvlzero]

Since my walls of text come out garbled and confused I started limiting myself to small mediocre and trivial thoughts/posts. Seems to be working out much better from a "making sense perspective" imo.

[runlvlzero]

Though I suppose I could open notepad and reply to myself several times before posting.

[Orruar]

Originally Posted by runlvlzero [You must be logged in to view images. Log in or Register.]

The guy in the video estimated something crazy like 5 trillion or 500billion investment. to do that. And its still not perfect.

Right, so it wouldn't be worth it to try and gain the power necessary to do anything devious. Of course, governments usually aren't subject to market forces in the same way, so who knows.

[Orruar]

Originally Posted by r00t [You must be logged in to view images. Log in or Register.]

we must be looking at 2 completely different graphs

Yeah, must be. Here's a chart with the red line showing when you made this thread. Note the time is in UTC.

[You must be logged in to view images. Log in or Register.]

[r00t]

looks like I'm right though, they are still more worthless than they were before!

[Orruar]

Originally Posted by r00t [You must be logged in to view images. Log in or Register.]

looks like I'm right though, they are still more worthless than they were before!

No, you said to dump bitcoins at the very bottom. There's nothing right about that unless you're trying to lose money and gasoline + match isn't quick enough for you.

[ncapatina]

runlvlzero confirmed forumquest immersed.

People act like BTC is a new thing. It's been around an eternity, relative to most "fads". It's not going anywhere.

I was a naysayer, didn't think it was worth the time. Then I watched a dude put a down payment on a house with BTCs.

A couple things though, BTC is so far along it's not worth it to get into mining them unless you're buying mining rigs like the ones from butteryfly labs. It would take you close to a year to make a BTC pool mining with a high end ATI card. You'd use far more electricity to manufacturer it. That doesn't stop you from buying a few out of pocket and day trading them though.

I've been mining Litecoin's, which is getting hard every day too. It's scrypt based so it isn't possible to use the mining rigs to make them, although I'm sure if/when it takes off people will develop scryptmining rigs. They bounce around between $1.80-$2.40 but have been generally stable for awhile at $2.20ish. I can make about one a week mining when I'm not using my PC for other things, running a ATI 7970. I'm about breaking even power wise. But if the things go nuts like BTCs did about 2 years ago I may be sitting on 10k worth of coins in a hurry. If they tank I'm out a few hundred bucks in electricity spread out over a couple years.

There just is no reason not to get into it. I know people who bring in mining PCs and plug them in under their desk at work so they use 0 power. Even if it's one coin every month that crap adds up.

[Orruar]

Originally Posted by ncapatina [You must be logged in to view images. Log in or Register.]

runlvlzero confirmed forumquest immersed.

People act like BTC is a new thing. It's been around an eternity, relative to most "fads". It's not going anywhere.

I was a naysayer, didn't think it was worth the time. Then I watched a dude put a down payment on a house with BTCs.

A couple things though, BTC is so far along it's not worth it to get into mining them unless you're buying mining rigs like the ones from butteryfly labs. It would take you close to a year to make a BTC pool mining with a high end ATI card. You'd use far more electricity to manufacturer it. That doesn't stop you from buying a few out of pocket and day trading them though.

I've been mining Litecoin's, which is getting hard every day too. It's scrypt based so it isn't possible to use the mining rigs to make them, although I'm sure if/when it takes off people will develop scryptmining rigs. They bounce around between $1.80-$2.40 but have been generally stable for awhile at $2.20ish. I can make about one a week mining when I'm not using my PC for other things, running a ATI 7970. I'm about breaking even power wise. But if the things go nuts like BTCs did about 2 years ago I may be sitting on 10k worth of coins in a hurry. If they tank I'm out a few hundred bucks in electricity spread out over a couple years.

There just is no reason not to get into it. I know people who bring in mining PCs and plug them in under their desk at work so they use 0 power. Even if it's one coin every month that crap adds up.

The important question to ask is: what does Litecoin offer that Bitcoin doesn't? In currency, trust is important, and people have more trust in Bitcoin due to it's more widespread adoption. So unless Litecoin offers new features that make it more desirable as a currency than Bitcoin, I don't see it taking off like Bitcoin did. Of course, I didn't think Bitcoin would take off when I first heard of it several years back.. If only I had put some money into it when they were selling on par with the dollar.