I have had a sleep (since my first day of learning about Bitcoin - yesterday), and I don't know when I came to this conclusion exactly (it's in my head, nonetheless), but -- does it really matter what the current Bitcoin exchange is worth? I mean, I know it has gone from being worth like $50, right up to $800 odd, and next week it could be worth $50 again. Yet I see people (around, online), saying: "Oh it's not worth mining this week, it costs xxx in electricity, so I am not mining"..

..I sit back in my seat and think to myself: "so what?" ..hello? ..the electricity cost is going to be the same whether the current rate is $50 or $800 - at the end of the day, you're mining for Bitcoins and those Bitcoins might have been generated at a loss, but next week might be worth 10 times what they were worth when you mined them. The opposite is true. You might mine Bitcoins while they're $800, and think you're making a great profit (and covering your electricity costs). You go to bed and wake up to find that they're all worth $50.

So, the way I see it, I think I am going to go ahead and buy some mining power, and just disregard the current exchange rate (and any electricity bills; I'll just suck them up), and just start pumping by wallet with Bitcoins. In 5 years I am either going to be the owner of a heap of dead Bitcoins, or the $500 I invested will be worth $25,000 -- and what the electricity rate was at the time I generated them is going to be the least of my concerns.

Am I right?

..or am I right?