Re: [HAVELOCK] PETAMINE - NEW IPO, NEW HARDWARE, 1,500 TH/S HASH RATE

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.

While mostly true, it's not contrary to what I said.

A higher BTC price (for whatever reason) leads to a higher hashrate (more people want in on it / old hardware becomes viable again).

Well, I did say "not necessarily" Wink

. Everything is merely speculative, while both points you and I made are valid it comes without question that time will only tell as there can be many factors of outcome. Regardless, bitcoins price will rise and as such so will the hashrate both adoption (main-streaming) and rarity (difficulty/Hashrate) will bring the price of each bitcoin quite high. What we mine today will be very valuable in the future, thus if a bitcoin is worth 5 times it is today in the future and we mine less in the future due to hashrate being so high, it "may" still be valued more in fiat and either stay balanced or maybe its value will send itself ahead of the costs of mining. Regardless, if anyone here wishes to ROI largely, then you must look at it from a 'fiat value' perspective and not a BTC perspective. Short term gain players in this investment will have it rough and busy, while long term players must remain to have nerves of steel and patience. However, PETA is designed for Long term gain players, thus the 50% reinvestment has been voted upon. Ever hear of the old childhood story of the rabbit and the turtle running a race and competing against first place? Cheesy

Either way, there are two people investing here, short term and long term. Pick your style, or dab in both if your skilled enough. But one thing is for certain, the cryptx team and the Peta Mine project is why we are all here today trading/investing and profiting... what ever your style, enjoy the ride and best of luck to all of us here!

Ummm... You can't look at it from a 'fiat value perspective'. You bought your shares with bitcoin. You either ROI and then some, or you've lost some very valuable bitcoins.

I suspect you are some kind of Anti-Troll. Tongue

Troll's are ugly. lol

But, I'm not an anti-anything. Everyone to their own opinion. I just feel like starting a conversation that may lead into positive thinking towards this project and bitcoin as a whole, which both very much are positive experiences. I do agree with the "not looking at it from a 'fiat value perspective'" to some degree, however, sometimes you can't have your cake and eat it too! If the going gets rough then you need to still realize that we operate in a fiat controlled world and in this world it mostly uses fiat for survival and lifestyle and when it comes down to it we don't sell our bitcoins for candy Cheesy

. So if it gets rough and you can still profit largely on your ROI in fiat then you are successful with this investment, anything else is just added benefit to your success. Everyone goals are different, but we all want profit, so one way or another I believe we will have profit.