So before the comment, I have to say that I totally agree with the concept that a Bitcoin is always a Bitcoin regardless of the current price, but now that you have been very organised on your calculations, why dont you include BTC/USD rates as well? I will be a lot more realistic and dont think you really "profit" taking this into account!
RD
Read my response to elasticband, I think it also answers your point :-)
I know not everybody sees that way - consider each investment per si - but that's how I stand.
Let me give you another example, without BTC:
You live in Europe and work with EUR.
You buy some stock in NYSE in USD.
The stock goes up by 10% over a year and, in the same time period, USD drops 12% in relation to EUR.
Was that stock a good investment? In terms of the stocks' valuation, it was a hell of an opportunity that paid out! 10% in a year is a very sweet deal.
Was the USD purchased to buy the stock a good investment? Hell, no. I lost 12% in a year.
If you do the math, you can see that the stock's valuation in EUR is, at the end of the period, just 92,21 % of the initial investment in EUR - I'm loosing a net worth of 7,79%. A pretty lousy deal, by any standards :-)
This little mockup shows exactly what you feel about PBmining: That it's risky.
However, it shouldn't take this much to understand that to make investments on something that can have daily fluctuations of over 5%, it's traded 24/7 and a steady decline of over 50% in 6 months ... is a very risky business!
Sure ive replied up there!
Well I agree with you but as a forex trader I can tell you you really have to take into account both things as an investment (normally if you want to invest in a different currency to buy any financial product across the border any financial proffessional would get those dollars as a loan, not converting the directly into dollars, I dunno if I clarify my point). You always have to take into account all variables of the equation since I cant buy muy meat in BTC because the prices of goods are set to be in your local currency, so even youre able to spend youre still tied to the FIAT ratios.
RD