Bitcoins

CaptainHindsight

JohnRo wrote: »

“First they ignore you, then they laugh at you, then they fight you, then you win.”

How correct this quote is proving to be. The fight has only just started but this is a financial revolution. Vires In Numeris.

Merry Christmas crypto fans.

onomatopoeia99

Malthusian wrote: »

"Hello dearest Mama. This month I have sent you part of my salary in Bitcoins rather than the fiat fraud that is Kenyan shillings. I know by the time you get it it'll probably buy you half of what last month's payment did, but in fifty years' time when everyone else is as clever as I am, you'll be thanking me."

The value graph of Bitcoins shows that the founders of the scheme who got in at zero and then cashed out at peak Bitcoin mania in 2014 made an absolute fortune. Everyone who came into the scheme after them has made less and less and most of those unlucky enough to enter the scheme after 2014 are sitting on huge losses. The founders and others who get in early make a bundle, the suckers who come in late lose their shirt - what does this remind you of? Yet it's the dollar and the pound that are the "pyramid scheme". Gotcha.

Just thought I'd quote this post from two years ago, for the foresight of the poster. Apparently 2014 was bitcoin peak mania and anyone coming in after has "lost their shirt."

I think "dearest Mama" would be glad today if she'd been given (or bought) BTC in 2015, even though it's 40% down on the peak last week (but still 30% up on the start of the month).

planteria

haha agreed.. and i now realise that this is the definitive Bitcoin thread at MSE. those who got involved 6 years ago and are still onboard should be sat nicely.

sabretoothtigger

Dearest Mama doesnt mind if you pursue your interests to the best of your ability I reckon, just dont gamble all you got. There is some clever tech behind Bitcoin alot of us dont even understand it well. But now its also become too speculative when actually it should be enabling new business across borders.

Dont be too narrow minded either way, zealots for bitcoin are just as wrong as those who refuse to believe in innovation.
I'd also recommend 1% into gold and various other asset types, sterling is always required to pay the bills boring but true

HappyHarry

odpadnik wrote: »

Hey guys :beer:

...

I'm part of a project called [STRIKE]xxxxxxxxxx[/STRIKE] :A - basically a crypto platform for "mom and dad" due to it's simplicity, it's even fully regulated and compliant.

Sounds like you're spamming or touting for business.

So, about the question "where can I buy a small amount of Bitcoin?"... Find a platform, that meets your needs. I'd be happy if you guys drop by (not giving a link - I don't intend to spam), open-beta is still up for a few days.

You don't intend to spam? But you already have.

mathewmine

hi guys can anybody give me any suggestions on gpu miners as am planing to do partnership with my friend as he is planing to setup a crypto mining farm. Is it profitable? Gpu miners like promax7 miner, bitmain, sharkminer etc..they say promax 7 is a multi crypto miner which is new in the market.

username12345678

I think perhaps a dedicated crypto forum would be a better place to ask a technical question like that.

markj113

mathewmine wrote: »

hi guys can anybody give me any suggestions on gpu miners as am planing to do partnership with my friend as he is planing to setup a crypto mining farm. Is it profitable? Gpu miners like promax7 miner, bitmain, sharkminer etc..they say promax 7 is a multi crypto miner which is new in the market.

Have a check on bitcointalk.org.


GPU miners are for alt coins only, bitcoin difficulty is too high and requires dedicated ASIC hardware.


Biggest disadvantage in the UK is electricity prices which will make it difficult to make a decent return, also with the summer upcoming depending on the amount of hardware you purchase you may require a cooling solution on top.


Beware new and untested miner manufacturers offering pre orders as many turn out to be scams. Personally I would stick to well known ones such as Bitmain etc.

joeblags

username12345678 wrote: »

I think perhaps a dedicated crypto forum would be a better place to ask a technical question like that.

he already has, on several forums, hes just spamming some crap I guess hes part of.




https://forums.overclockers.co.uk/forums/crypto-currency-mining.158/


uk based forum and has its own mining pools for alt coins. loads of info on there. one guy even bought 2 expensive cars from bitcoin on there recently aswell. I don't mean £10k cars im talking 70k+

Cactus_Jack

What a ride it's been. Got into the game in around September last year. Should have taken the massive profits in December/January but I didn't because everything pointed to further increases. I started a new job right around the start of the sharp decline and that took my focus away from it.

I HODL as they say.

I have to say, I've settled on Ripple/XRP as being the one with the best real world use case. I'm expecting big things.