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Showing 20 of 84 results by cosmicapex
Re: GPU mining - looking for a datacenter to host my equipment
If you're interested in partnering with someone instead of going the datacenter/colo route, I'm looking to expand my current operation to a warehouse in the US. I'm looking for only a few partners so that we can get a better deal on a property and on power. Drop me a PM if you're interested.
Rising population, USD steadily down forever, and fixed number of Bitcoins in mind means $1,000,000 is an irrelevant figure, because in 100 years that could be nothing.
So yes, eventually, even if it takes 3,000 years, once 1,000,000 is worthless I can see no reason how it can't happen.
If I were forced to guess when it happens, I'd say around 2020 is the earliest it can happen.
So yes, eventually, even if it takes 3,000 years, once 1,000,000 is worthless I can see no reason how it can't happen.
If I were forced to guess when it happens, I'd say around 2020 is the earliest it can happen.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What the heck are you talking about, ive been getting all these benefits "for free". I have never paid a dime to any credit card company. No annual fees, no charges, nothing... I have all the above "totally free". If you have never heard about these things you should do some research.
You absolutely have, you just aren't aware of it. Merchants are charged fees by the CC processors and those are passed onto you, the customer. Don't think you're not paying for that shit one way or another just because you don't see the charge first hand.
You could argue that everything costs 3% more because credit cards, but it's not hard to earn more than that with rewards, so it's kind of a YMMV situation.
I do hate the fact that all my rewards-based trips are basically paid for by other consumers with massive amounts of credit card debt, though.
Huh show me a free credit card the gives 3% cashback which is not a set time or category promo.
Highest ive seen is 2.2% cashback. Certain rewards points are thought to be worth 5-15cents each eg. starwood amex points if you intend to stay at hotels and compare the price to what the hotel normally costs. Theres an annual fee on that card but some people get it waived. Was just giving an example of how depending on how you use your points you can get much more than 3%.
I know someone who has an amex gold and sells amex rewards points for like 5cents or so. although that has an annual fee as well. if you spend enough you negate the annual fee and can still get like 3.5-4%.
Yeah this, Amex Everyday with 4.5 points per dollar on groceries, transfer to British Airways (usually 1:1 transfer but bonus 20% last month), redeem at 3.7 cents per point, 16.65% cash-back equivalent (assuming you travel). Just one example, you do need to have many credit cards to maximize earnings everywhere.
I'd gladly take a Coinbase Debit Card though!
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What the heck are you talking about, ive been getting all these benefits "for free". I have never paid a dime to any credit card company. No annual fees, no charges, nothing... I have all the above "totally free". If you have never heard about these things you should do some research.
You absolutely have, you just aren't aware of it. Merchants are charged fees by the CC processors and those are passed onto you, the customer. Don't think you're not paying for that shit one way or another just because you don't see the charge first hand.
You could argue that everything costs 3% more because credit cards, but it's not hard to earn more than that with rewards, so it's kind of a YMMV situation.
I do hate the fact that all my rewards-based trips are basically paid for by other consumers with massive amounts of credit card debt, though.
Re: $18 Million isn't really that much money - market psychology
Whatever you say, Mr. DUMBASS!
The price went over market. Accept it.
You don't have 100 BTC, and you never will have the means to acquire them with your inferior business acumen.
Now get off my thread, fatty.
The price went over market. Accept it.
You don't have 100 BTC, and you never will have the means to acquire them with your inferior business acumen.
Now get off my thread, fatty.
Just cause someone is dumb enough to overpay the market price doesn't negate the logic that its dumb to overpay.
I don't 100btcs to sell you for 150. You send me 150 and I send 100 in rerurn.
Try using logic instead of ad hominems you twerp. Thats how stupid it is to overpay the market price
Don't forget that trying to buy 30k BTC on an exchange would certainly influence the price before you're done picking them all up (I believe the term for this is "slippage" but I could be wrong). If you look at it from the perspective of the average price you're paying for those BTC against the price BTC was at the time you started buying, you're going to pay more per coin that what the market price was when you started; in other words, overpaying was always necessary IMO.
Now, overpaying by 66% seems like a bit much, but it's not unreasonable. I'd wager between 700-800 is going to be closer to reality. We do see overpaying as a legit strategy in other areas, such as sports teams (not comparable to currencies but it's hard to compare Bitcoin to anything accurately).
Ballmer paying 2 billion for the Clippers, Jeffery Laurie and the Eagles, etc is obviously so different because there's only 30~ sports team in each pro league, but the concept works there, and can work here too.
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.
Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.
Technology advancement speed up the process of downfall.
Monopoly is fine if the company is providing an efficient and superior service.
Well the main problem lies with the fact that when there is an actual monopoly the incentive to continue to provide an efficient and superior service fades away. You can't exactly have superior service if there's no longer anything else to compare it to. And since there is no longer an alternative efficiency becomes irrelevant for the monopoly.
When there's no longer an efficient monopoly, more efficient players should enter the market.
Capitalism itself has no moral standpoint...
Yeah, this. How can freedom to compete in an open market, where you're not allowed to hurt people and steal people's stuff, be immoral?
Personally, I can't imagine him thinking it would get this big while he was creating it, which would have been somewhat arrogant to think. I see him as rather humble, but perhaps I need to read more of his posts. I'm sure he "knew" something (almost) exactly like Bitcoin (easy, lightweight, many applications) would prevail because traditionally fiat sucks compared to Bitcoin, but that's not really a difficult conclusion to land on. The real question isn't "current fiat vs Bitcoin" though, wherein there's a very obvious better choice; it's "whatever could be next vs Bitcoin."
Then again, he's far more brilliant than I am & perhaps he really did just see the light.
Then again, he's far more brilliant than I am & perhaps he really did just see the light.
This shit gets old, get your facts straight.
Venture Capitalists do pure investing, they don't want a stake in the company but just effectively giving out a loan.
This op is just brutal.
Please, tell us more "facts."
Wall St will eventually create investment vehicles that'll allow regular folks to stick some money in without any sketchiness. That is where upswing territory may lie.
This.
Most regular investors aren't as impatient as the people on this forum who are ridiculously hype-driven & overly impulsive. I'm hoping there's a good amount of regular investors looking at Bitcoin, but with the ETF around the corner (relatively, most investors are investing for long-term compared to Bitcoin's lifespan), they're waiting for a "legit" investment vehicle that lets them expose their portfolio to Bitcoin.
I don't get why it's a thread, one of the main selling points of Bitcoin for me is the very fact that you can't transfer fiat in this way easily; Bitcoins makes this super simple compared to any fiat transfer between third parties.
Re: What if the SR coins sell for $150-$200 over current market value?
I believe it's probable that they'll overpay a little bit. It'd be prudent for both parties; you can't just buy 30k BTC @ X price in one action, the price will probably go up way before you hit 30k, and the FBI gets to charge a premium for their efforts.
Plus the fact that it's an auction, we could see some seriously crazy shit happen. Overpaying like crazy to drive the price up for a massive bubble, and it's likely whoever wins has massive amounts of Bitcoins already, so the chance they'll dump all-out to fiat is low; anyone heavily vested in Bitcoin wins from that auction.
On the flipside, let's say the FBI under-prices them at $300-$400? They could negatively influence Bitcoin's price & viability, at the expense of cash (and as I write that last part it seems ridiculous for them to give up millions to try and dismantle something they should know they can't dismantle with just a few million dollars).
Plus the fact that it's an auction, we could see some seriously crazy shit happen. Overpaying like crazy to drive the price up for a massive bubble, and it's likely whoever wins has massive amounts of Bitcoins already, so the chance they'll dump all-out to fiat is low; anyone heavily vested in Bitcoin wins from that auction.
On the flipside, let's say the FBI under-prices them at $300-$400? They could negatively influence Bitcoin's price & viability, at the expense of cash (and as I write that last part it seems ridiculous for them to give up millions to try and dismantle something they should know they can't dismantle with just a few million dollars).
Absolutely holding. Though I'm expecting another small price dip or two I suspect the upswing will be mind blowing compared to the past.
Even a small upswing compared to the past would be unreal; 5 digits by 2015 is only a 17~ times increase, far less than last years.
There is always a bubble, for some people going 1 to 10 was a bubble and for some 10 to 30 and then 500 to 1100 
When did it go from 500-1100?
I think you mean 100-1100.
You must be the new guy.
LOL, so it went from 100 to 1100 without crossing the 500
? i dont know i am new or old but i started when it was 70.No, it didn't.
After the silk road bust announcement, the price dropped to like $60 or something for a little bit before recovering back to like $100.
It didn't rally to $1,100 until like a month later.
The rally to 1100 is mainly due to the demand from China. Now that China is actively putting up policy to discourage bitcoin usage, it is hard to see which market can replace China market.
For me, I believe the Winklevoss ETF will be the "China of 2014." I'm hoping that a couple of things will happen. One, that there are investors who would buy BTC today, but are waiting for the ETF because that's what they'd really want anyway; they see the lack of an ETF and the trouble that the Winklevoss twins are going through getting it authorized as meaning it's not time for regular investors to be in BTC. This will be BTC's "IPO" so to speak; you'd never be advised to invest in BTC by an advisor who gets paid when you invest in "traditional" investment vehicles. I don't know how financial advisors operate but this is how I imagine it works. I could be totally wrong.
I do know one fact; Bitcoin's price will skyrocket the day that ETF launches.
Re: MINERS UNITE! Block the FBI coins. Do not fund violent underground organizations
I think it's not that bad. The government might want to accept cryptos after they massively sell off their stash and the price skyrockets within weeks/months.
Thats good to know, normally ppl keep saying that if you don't spend your bitcoins it causes affects to its value and I do spend my coins on trading altcoins, purchasing virtual goods etc and gambling but I do hodl to a large extent and don't use/spend unless required.
Hodling Bitcoins causes there to be less coins to buy, which should make the price go up. Don't be afraid to hodl.
Odds of an MIT student producing or using a new application or seeking a way to monetize something interesting? Maybe 5%.
Odds of a homeless shelter resident producing or using a new application or seeking a way to monetize something interesting? Maybe 0.0005%.
That's why.
Odds of a homeless shelter resident producing or using a new application or seeking a way to monetize something interesting? Maybe 0.0005%.
That's why.
That plus, in my experience at least, giving money to a homeless person usually results in the purchase of drugs and/or alcohol.
Giving a new kind of money to a college student would likely inspire ideas.
AND drugs... thats at least two things
The only reason the Bitcoin won't be used for drugs is because MIT students can already afford drugs and their dealers probably don't accept Bitcoin.
The notion that smart kids don't do drugs is laughable. Smart kids do the most drugs; they're smart enough to not get caught.