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Messages - jack_night2

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General Discussion / Re: Poll about Bitshares-Bitcoin diversification.

« on: September 29, 2014, 08:37:12 am »

Quote from: trader on September 28, 2014, 04:29:08 pm

Bitcoin right now is like a slow motion car crash. Its rather fun to watch given that I got out of it months ago.

I buy bitcoin at a low price so that in the future when the price will have a profit. I do not think that BTC is slowly destroyed. Price change Bitcoins on this site http://mining-profit.com/ convinces us that soon it will grow. For risk insurance bought some BTSX.

General Discussion / Re: What will happen when bitcoins reward halves to 12.5 BTC?

« on: September 29, 2014, 08:08:17 am »

Quote from: MeTHoDx on September 22, 2014, 10:18:34 pm

Just wanted to get some thoughts on bitcoins 2016 reward halving.

Right now, bitcoin is paying 25 BTC per ~10 minutes in the form of inflation to keep its network secure. When the reward halves to 12.5 BTC in 2016, the price has to increase dramatically to maintain the same level of security. If the price doesn't continue up, hashing is likely to decrease significantly. It's possible that 95% of mining hardware will be rendered obsolete, causing hash rate to plummet and difficulty to readjust.

Seems like a really big unknown. What will happen?

I think in the end, this situation will be stable. Mining equipment is obsolete and this is reflected in the market Bitcoins. Low price Bitcoins someone profitable. The main thing is not to panic. Bitcoin stand the test. This site http://mining-profit.com/advanced-calculator helps me to monitor the situation.

General Discussion / Re: I used to look at charts of bitcoin prices and get depressed

« on: September 29, 2014, 07:22:28 am »

Quote from: Ander on September 27, 2014, 01:49:24 am

Then I got my head out of the sand and stopped assuming the next bitcoin bubble was inevitable.

I started researching the altcoins.

I found bitshares. Everything changed.

Now I just look at the charts of bitshares and smile.

Bitshares is the future.

It's not so sad really. Yes, the price of Bitcoin declined but there are preconditions that it will go up. This chart http://mining-profit.com/bitcoin-price-chart shows us that the price did not fall below the level of April 2014. Don`t worry, price must go up.