Cryptocoin Mining?

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Chiropteran

Diamond Member
Nov 14, 2003
9,811
110
106
I wish I ordered more than one BFL SC Single. And I also wish they were more than just vaporware at this point.

It just feels strange to me that 0.1 BTC is worth $4. Value has increased tenfold since the $4 lows we had after the mtgox crash. I'm wishing I never sold at $25 now.
 
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Chiropteran

Diamond Member
Nov 14, 2003
9,811
110
106
It crashed at about $32 last time, but the uptake prior to the crash was much more severe, the block reward was twice the size it is now, and, most importantly, the crash was precipitated by the mtgox hack and sale of "fake" bitcoins bringing the value down to $.01

I don't think anyone can say for sure if the value would have crashed when it did and as much as it did if the hack never occurred.

I have no strong opinion either way. I think it's about 50/50 chance likely that there will be another significant crash in the near future. But if it does happen, I think value will reach $60+ before it happens. No special evidence or algorithm or anything, just a feeling I have that the current peak could be significantly higher. I also think that the crash will be halted long before reaching single digit value again. I think a lot of people would jump at the opportunity to buy in at $20 or $15, enough that the crash won't have enough momentum to carry the value down lower, again this is just my personal feeling.

Also, I am feeling a bit of a sting from selling some coins at $25. I don't want to sell another dozen coins and see the value double a week later, not again. So I am just going to hold and wait for now.
 

philipma1957

Golden Member
Jan 8, 2012
1,714
0
76
It crashed at about $32 last time, but the uptake prior to the crash was much more severe, the block reward was twice the size it is now, and, most importantly, the crash was precipitated by the mtgox hack and sale of "fake" bitcoins bringing the value down to $.01

I don't think anyone can say for sure if the value would have crashed when it did and as much as it did if the hack never occurred.

I have no strong opinion either way. I think it's about 50/50 chance likely that there will be another significant crash in the near future. But if it does happen, I think value will reach $60+ before it happens. No special evidence or algorithm or anything, just a feeling I have that the current peak could be significantly higher. I also think that the crash will be halted long before reaching single digit value again. I think a lot of people would jump at the opportunity to buy in at $20 or $15, enough that the crash won't have enough momentum to carry the value down lower, again this is just my personal feeling.

Also, I am feeling a bit of a sting from selling some coins at $25. I don't want to sell another dozen coins and see the value double a week later, not again. So I am just going to hold and wait for now.

I will consider earning and holding for the next few weeks. Right now I am at .2 coins so no worries.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
It is too easy to earn light coins, bitcoin keeps rising in value. It just hit $41/bitcoin this morning.


Isn't NOW the time to mine LiteCoin, while they are easy to generate and the price is low?

I'm hoping that they'll be worth over a buck each 6 months from now. Considering that they went up 50% in the past few days, I think that we're off to a good start.
 

philipma1957

Golden Member
Jan 8, 2012
1,714
0
76
Thanks lol its still strange at times being an American in the UK I will

I did a lot of travel in the US NAVY 1978 to 1983. I spent a few months each in Australia , Japan , Philippines , Mauritius and several other short stops in Hong Kong and Singapore. I found that it was very interesting to hear English spoken differently then it is in the States.
 

MeldarthX

Golden Member
May 8, 2010
1,026
0
76
I did a lot of travel in the US NAVY 1978 to 1983. I spent a few months each in Australia , Japan , Philippines , Mauritius and several other short stops in Hong Kong and Singapore. I found that it was very interesting to hear English spoken differently then it is in the States.

Heheh ex english wife *still best friends with; people think we have a strange relationship but it works * My son and and two step daughters are here; so I'm here until they are grown as I was raised to take care of my responsiblies

Just waiting to hear back from them and will report cause I think that would help others looking around to cash in their bit coins
 

Chiropteran

Diamond Member
Nov 14, 2003
9,811
110
106
I've come up with the perfect formula to sell my bitcoins. I will sell 5 each time the value doubles. So, waiting for $80 until I make my next sale. With this formula I won't sell my last coins for less than $80 million
 

MeldarthX

Golden Member
May 8, 2010
1,026
0
76
Right folks got an update from fashcash4bitcoins.com

Yes. The site indicates US only but as long as you limit your payouts to PayPal transfers there will be no issue.

Support
Tangible Cryptography, LLC

Is there answer to my email when asking if they would be will to pay out to UK paypal; so at least they are willing to pay out to the UK
 

BoFox

Senior member
May 10, 2008
689
0
0
$47 now! Now, my bitcoins are worth over $500!!! I only used like $80 of electricity to mine all of them during the winter (which also heated the man-cave, killing 2 birds with a stone)!

Color me blessed (at least when I sell them!)
 

j&j

Senior member
Oct 10, 2011
246
0
0
sucks i sold 605 bitcoins at ~20/ea. sad day today, keep waiting for the "crash" to buy back in but it ain't happening.

I've been keeping an eye out on supply and for a long, long time, demand was much greater than supply, and now when you check bitcoincharts we're finally seeing supply rise to meet demand levels.
 

Chiropteran

Diamond Member
Nov 14, 2003
9,811
110
106
mtgox is super lagged, some suspect a ddos (I suspect it might just be a lot of people trying to panic sell fast). I'm going to try to buy back the 5 coins i sold @ $40 for $33 each, not really too worried but I do want to buy some coins at the bottom of the dip.
 
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