Do you use bitcoins?

[Lucas]

Yeah, they are not trying - crypto currencies already proved to be a big success for black markets

Legal markets are big black markets if you go in deep. At least these new currencies allow anyone to have them if they desire and have a PC/internet device. El Salvador already made Bitcoin legal tender. We will see. I'll keep HODLing.

 

[Slavik]

I had the same feeling 10 years ago, but this is so funny to read now

Even funnier because of how much of my wealth is in crypto

 

[Lucas]

So many new silent millionaires around the world

 

[swetajoshi]

No, currently i am not using bitcoin, but i think the price of the bitcon will increase very rapidly in next 2 - 3 months.

 

[jb9826]

this thread of 2011 is historic.
I always see these type of threads around forums. The best ones are ones dated in the early years of Bitcoin
I always screenshot this type of threads.

some understood it right from the start.
some will understand it eventually.
some will never get it.

106k as of 2024
historic!

 

[frm]

this thread of 2011 is historic.
I always see these type of threads around forums. The best ones are ones dated in the early years of Bitcoin
I always screenshot this type of threads.

some understood it right from the start.
some will understand it eventually.
some will never get it.

106k as of 2024
historic!

View attachment 315784

The replies here aged well.

/sitting on fat stacks of cash

 

[Suzanne O]

It's a big scam. Those that use it are scammers

 

[javakhir]

A big game of USA in btc. US debt 36 trillion, now the whole world who invested in btc will pay for it, just a matter of time!
Money stolen 2 times, it will happen again, but in the right time for them, when price is very high

 

[Ashley S]

No, I have never touched or thought of using Bitcoin.

 

[johnnii025]

there is lot of money in crypto mining.

 

[Forsaken]

there is lot of money in crypto mining.

Sure, if you can afford a huge farm with either a solar farm or wind farm, otherwise more often than not the cost of power/cooling is going to take over most of the profit you would have made.

Here's a calculator to see how profitable it actually is: https://www.coinwarz.com/mining/bitcoin/calculator

This also does not account for hardware investment, which to properly earn income from mining you do need to invest in proper hardware, and you are often upgrading or replacing such hardware as well.

 

[jb9826]

It's not worth mining. You will need to invest thousands of dollars and your ROI is much lower then if you held the Bitcoin and did nothing.

You are competing against billion dollar corporations that have access to borrow multi-millions & billions. You can't compete against them.

Buy and hold instead.

 

[Forsaken]

It's not worth mining. You will need to invest thousands of dollars and your ROI is much lower then if you held the Bitcoin and did nothing.

You are competing against billion dollar corporations that have access to borrow multi-millions & billions. You can't compete against them.

Buy and hold instead.

And just hope you aren't sitting on bitcoin because it is a possibly irretrievably dead hard drive.

 

[jb9826]

And just hope you aren't sitting on bitcoin because it is a possibly irretrievably dead hard drive.

don't understand what you are trying to say here

 

[Forsaken]

don't understand what you are trying to say here

I have a dead hard drive with bitcoin on it .

 

[jb9826]

I have a dead hard drive with bitcoin on it .

so sad. you must not understand backups

bitcoin allows you to export the private keys and write it on paper, so you don't even need the hard drive

 

[Forsaken]

so sad. you must not understand backups

bitcoin allows you to export the private keys and write it on paper, so you don't even need the hard drive

This is from years ago, and was a sudden failure on on an older WD drive.

 

[ForumDevs]

I have a dead hard drive with bitcoin on it .

There are laboratories that recover death drives:

Data Recovery Lab | Gillware

Our 14,000 ft² Data Recovery Lab has a regularly tested cleanroom environment and is 3rd party audited & certified. Find out what makes our lab the best.

www.gillware.com

 

[Dragapult]

I have bought some via Robinhood. I haven't done any of the "mining" and have no intention to. What I did buy on Robinhood has turned a little bit of profit, I'm fine with that.