Quote from: shaw1 on April 20, 2018, 02:06:21 PM

Quote from: iiiduncaniii on April 20, 2018, 01:42:32 PM

Quote from: Senzacervello on April 20, 2018, 01:39:23 PM

Quote from: StelioKontos on April 20, 2018, 01:26:51 PM

Quote from: iiiduncaniii on April 20, 2018, 01:04:30 PM

Ya i dont see bitcoins being very high in the future.... they are now because ppl are in a frenzy, so i dont hope for future profit either. Its not like btc will be like 1 million dollars one day, i think in the future they will stabilize and be much lower.
Right now if I do the math my setup would cost roughly $70 a month. i mine 1 mil satoshi every 15 minutes. if i would get 300 satoshi per mil ($0.025 in todays value 1btc = 8533.42usd) and mine 24-7, i would earn $72. So anything below 300 satoshi would be a loss period, i dont mine for losses.

I wouldn't be that pessimistic. There is a chance that if BTC gets mass adoption - now is still in very few hands compared on the mass population of the world - it will naturally increase in value because it's a limited resource. Maybe the satoshis of today will be equal the dollars of tomorrow, who knows

Even if it will ever happen, I don't think it won't be any time soon. I hope you're right because, in this case, the negligible amount of satoshi I own today would make me somebody economically happier. Anyway it is a good point and I stand also with that.

My opinion is that I can "lose" something today when I am mining/collecting, but what I'm losing is something that won't bring me to bankruptcy. It is a kind of bet: if I lose it I won't lose too much, but if I win it I can win a lot

It's too volatile, plus the more btcs out there the more hackers, and the more problems like the one from cryptopia which can mean more issues like this we are experiencing with Tomos (not getting paid).

By that logic we wouldn't use credit cards, then, because there are far more hackers looking for card information than hackers trying to steal bitcoin.
As for the cryptopia issue, they fixed that pretty quickly, all things considered. Tomos not paying didn't have anything to do with that...

At the end of the day, it's obviously your choice, but I would urge you to carefully look over all the benefits that crypto could bring to the world. Convenience, security, and universality. I bet on that.

U cant compare crypto coins to credit cards, u cant even compare them to stock market. if you get a credit card hacked, the bank will issue u a new one and you will have your credit back. Can anyone guarantee this will happen with hacked bitcoins? I am sorry but i do not see all these great advantages you see. I mined because it was in theory profitable. But at the end of the day since i am not using the earned btcs, i still have a virtual coin in my account not doing anything and i still paid for the electricity.