Serious advice here, anyone with bitcoins should sell them as soon as they can. Sure, it may go higher, but this bubble will inevitably pop, take what you can and don't try to time the top of the market. [Reply]
Originally Posted by FD:
Serious advice here, anyone with bitcoins should sell them as soon as they can. Sure, it may go higher, but this bubble will inevitably pop, take what you can and don't try to time the top of the market.
agreed. Get in on lightcoins before they potentially trend up. At least you have a chance of mining with decent results there. [Reply]
Originally Posted by taterhog:
agreed. Get in on lightcoins before they potentially trend up. At least you have a chance of mining with decent results there.
In 2009/2010 I was reading about bitcoins, and became quite intrigued. I had an extra $100 to blow, and about pulled the trigger on this, but opted not to. I most likely wasted that $100 on beer. I am sad now. [Reply]
Originally Posted by bowener:
In 2009/2010 I was reading about bitcoins, and became quite intrigued. I had an extra $100 to blow, and about pulled the trigger on this, but opted not to. I most likely wasted that $100 on beer. I am sad now.
That $100 would have you rolling right now.
If you get in early enough, mining makes the most sense. Even with bitcoins you could still mine them, but jesus it would take forever in comparison to even last year. Not saying the next ____coin is going to amount to anything, but if you have a decent graphics card at the very minimum you could start mining and see what happens without spending any money. [Reply]
Originally Posted by AustinChief:
With the new ASIC hardware coming out later this month... bitcoin mining is going to explode. In theory, a $10k investment in hardware would pay itself off in less then a month and be all profit from there on out. Of course you only would have a year or two max to make that profit in... but hell if it is 20 months of $10k+ profit, that's not too shabby.
Originally Posted by FD:
Serious advice here, anyone with bitcoins should sell them as soon as they can. Sure, it may go higher, but this bubble will inevitably pop, take what you can and don't try to time the top of the market.
So what is this bubble that will burst? If the market cap is 21 million bitcoins or something like that and there are 12 million now-when it hits the cap it will be worth more than all the gold in the world-would it not?
I have seen several reports that people are just hoarding the coins. There are still wild swings but Bitcoins just passed the value of Gold before declining.
People are holding them thinking they will go up another 100 times in value within a year. Some economist with Bank of America state the value should be $1300 right now.
So how many Bitcoins do you guys own now and are you investing for the long term?? [Reply]
Really want to get some bit coins and find Silk road.
I can sell some of that "product" at a HUGE profit.
And the customers are dedicated repeat customers. [Reply]
