i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also its usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
All right, it's up to you. At the moment, it looks better to buy BTC. Mining is relatively slow
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BoardBitcoin Discussion
Re: Why should people invest in bitcoin?
by
JhonWong
on 02/03/2018, 14:55:23 UTC
It's worth it! It's worth investing! There are too many shortcomings in the legal currency, but they do not have enough motivation to improve.
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BoardBitcoin Discussion
Re: What will destroy the bitcoin?
by
JhonWong
on 28/02/2018, 10:05:55 UTC
It's certainly not a different kind of encrypted currency to beat Bitcoin, but I don't know what it is. As we firmly believe, Bitcoin can defeat the national currency.
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BoardBitcoin Discussion
Re: Is bitcoin transaction fees fair?
by
JhonWong
on 26/02/2018, 14:59:38 UTC
I think it's fair. The bitcoin is based on the POW, and it is normal to pay the fee to the miners. The strange thing is that the fees for different exchange platforms are different, from 0.0001 to 0.002.
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Board山寨币
Re: 空投来一波,进电报群送nkc
by
JhonWong
on 19/01/2018, 11:12:07 UTC
现在好多币,哪些靠谱呢?
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BoardSpeculation
Re: Hold or Sell
by
JhonWong
on 17/01/2018, 10:22:13 UTC
If you have idle funds, I suggest buying some more. This can reduce your average cost and continue to hold.
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BoardBitcoin Discussion
Re: How did you first hear about bitcoin?
by
JhonWong
on 15/01/2018, 02:58:26 UTC
I first heard that bitcoin was introduced by my colleagues in December 2013, when bitcoin just hit $800 and then fell to $560. I didn't pay much attention to it at the time, and I didn't know much about it. I didn't get in until this year.
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BoardBitcoin Discussion
Re: KFC to accept Bitcoin!
by
JhonWong
on 12/01/2018, 03:18:01 UTC
This is a good news, but I doubt that the fee and the time for the bill can meet the expectations of everyone.
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BoardBitcoin Discussion
Re: Have You Been Scammed?
by
JhonWong
on 10/01/2018, 15:36:33 UTC
So far, I haven't been deceit. But what you say is a warning to me. I suggest that you know some information before you buy it. If you need a transaction, please choose a large exchange platform.
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BoardBitcoin Discussion
Re: Hotels accepting bitcoin
by
JhonWong
on 04/01/2018, 16:24:56 UTC
this is a good news. I hope bitcoin can support more scenarios. I think bitcoin can be a substitute for cash, not a substitute for gold. The only problem now is that bitcoin is so volatile, but we need the stable currency for trading.
I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.
is unreal. Gold is very important in our life and I'm not sure that Bitcoin is forever too
You are right! Gold can be made into jewelry for wearing. Does anyone wear a smart device to show you how many bitcoins he / she currently has? I can not imagine.
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BoardSpeculation
Re: BITCOIN PRICE
by
JhonWong
on 04/01/2018, 08:36:38 UTC
don't mind short-term price fluctuations. bitcoin is worth holding for long-term. if you can afford it, you can buy small quantities of BTC in batchs. i do not recommend you bet all. because of the risks and benefits coexist
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BoardBitcoin Discussion
Re: Can bitcoins become worthless?
by
JhonWong
on 03/01/2018, 15:12:26 UTC
assuming security loss, all cryptocurrency will be 0 immediately. Of course it's hard. I believe that dev will upgrade security so i voted for no