Ninjastic
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Board Securities
Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE
by
Aireun
on 10/06/2014, 15:37:57 UTC
Quote from: _biO_ on June 10, 2014, 03:12:59 PM
Quote from: Aireun on June 10, 2014, 02:09:49 PM
Quote from: BiteMyShinyMetalAss on June 10, 2014, 01:54:17 PM
And probably another 5 weeks to accumulate descent ammount of reinvestment to have a "buying power". On the positive, hope bitcoins  goes up and our reinvestment fund, buys more of equipment to get back to 2%... 


Assuming the price of BTC does not increase. If the BTC price increases to what's expected by the bitcoin community we will have more than enough money to buy what we need and our dividends will be shining with profit. Anyone who is mining bitcoin should hold there btc until the next big spike!  Wink

Higher BTC price -> higher network hashrate. We have more purchase power, but also need to purchase more for the same effect.

Not necessarily now, BTC's value comes not only from 'rarity' from being mined, but also from what "people" believe the value of bitcoin is. The value of what "people believe" bitcoin to be comes from it's mainstream adoption (ability to be used in many places around the world). Much of the BTC's sudden increase is coming from it's adoption by big billion dollar corporations, such as it's newest user in America called 'Dish' and of course the daily adoption of mom and pop businesses and p2p use around the world. Once more trust is established the higher the price will be. This value of Trust is necessary for bitcoin's growth along side it's ingenious 'True' Intrinsic Value.