Quote from: cyberpinoy on June 06, 2015, 10:36:43 PM

Quote from: mulletwang on June 06, 2015, 06:53:44 PM

If you know and understand the unpredictability and volatility of the network wtf are you doing asking people to do calculations for you....

I use the same type of guesstimate that was used above and I add a factor of 1.5 to 2 to compensate for expected rises in difficulty. This is good practice.... Overestimate expenses and underestimate revenue and you should only be under your calculated BE point.

Do your own god damn due diligence.... You seem like you have a fair grasp on the environment. Don't expect something from others you aren't willing to do yourself. God damn this stuff boils my blood. RANT OVER.

-Mulletwang

I know right? He asked for an estimate then flipped out when he got one, I was wondering exactly what he was looking for. From what I saw the guy that did take the time to put the post together properly did a very good job, based his calculations on current conditions, and didnt embellish anything in his quote. but then the guys asking just flipped on him.

I think the biggest problem, and why so many people have been scammed by sites in the past is purely most people have no idea what is going on, how they are making income, nor what is involved to create and circulate the income. they see a site, they see some people making money and even then dont do any due diligence as to how much needed to invest in order to get the returns others are experiencing.

Crypto is a wild west world we live in right now, and only the strong will survive.

Totally agree... People hear there is opportunity in Bitcoin then expect to give their money to an investment with the expectation of getting more back with no understanding of the risks, opportunities and liabilities. That type of investing is essentially crazy. If you have no idea what you are investing in then you should not be surprized when things don't turn out as expected. If this type of investor "wins" I would call it dumb luck.

I have made investments for people whom have seen what I have accomplished and wanted in. I no longer do that for anyone because people's expectations are rediculous even when I try to keep them grounded. For example, a friend was upset with the outcome when his investment "only" yielded 300%. He lost half of it to mtgox. When I tried to explain that he was still in the profit he wanted me to partially cover his loss because I had referred him to mtgox. I lost 3X what he did. Another instance someone handed me 10K in cash and I promptly returned It to them when they could not even log into their email to send me information that I needed. People think that if they give money they can reasonably expect to get back much more without any understanding of what they are doing. For me this is the opposite of what Bitcoin represents. For me Bitcoin facilitates financial independence but the thing is when you are independent you have duties and obligations one must manage for one's self and those personal responsibilities can not reasonably be delegated without the expectation of risk.

-Mulletwang