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Search: Posts Made By: Pedro40
Forum: Cryptocurrency July 5th, 2013, 05:42 PM
Replies: 117
Views: 54,463
Posted By Pedro40
Wow, sub-$70 now, hit $65 today. The last 3-4...

Wow, sub-$70 now, hit $65 today. The last 3-4 days have been constant rather slow but unstoppable sliding down. What is going on? The Winklewii are crying....

Possible explanation:

"The fall is...
Forum: Cryptocurrency July 3rd, 2013, 02:38 PM
Replies: 117
Views: 54,463
Posted By Pedro40
This should have a downward pushing effect on...

This should have a downward pushing effect on price, if similar ETFs for Gold and Silver are any reference.

The price currently is weakening, sub $84. Supposedly the current high hash rate...
Forum: Cryptocurrency July 1st, 2013, 09:27 PM
Replies: 117
Views: 54,463
Posted By Pedro40
This is basicly and unknown and even unknowable...

This is basicly and unknown and even unknowable factor (since BFL can't be trusted), thus a would be buyer can't really calculate return on investment. Unless you use Avalon, they actually ship. The...
Forum: Cryptocurrency July 1st, 2013, 07:34 PM
Replies: 117
Views: 54,463
Posted By Pedro40
well, it is an ethical problem, you might be not...

well, it is an ethical problem, you might be not familiar with the issue:

1. The costumer prepaid for the miners, this prepayment made it actually possible to do the research and make the machines...
Forum: Cryptocurrency July 1st, 2013, 08:58 AM
Replies: 117
Views: 54,463
Posted By Pedro40
Bitcoin mining machines bring up one of the most...

Bitcoin mining machines bring up one of the most challenging business ethical questions of all time:

If you can make more money by keeping (or at least withholding for a time) your product from...
Forum: Cryptocurrency April 7th, 2013, 09:50 PM
Replies: 117
Views: 54,463
Posted By Pedro40
OK, I am getting out at $170 from the BTC side...

OK, I am getting out at $170 from the BTC side (losing 1600$) and putting a stop loss for LTC at ten times of my original 26 penny price, so at 2.6$. So I am locking in 9000-1600=7400 profit...
...
Forum: Cryptocurrency April 2nd, 2013, 01:30 PM
Replies: 117
Views: 54,463
Posted By Pedro40
*this is the corrected price on March 10th... ...

*this is the corrected price on March 10th...

Let's check how are my investments doing. The current prices are:

BTC: $108

LTC: $4.2

So I am losing on BTC, but winning good with LTC....
Forum: Cryptocurrency March 17th, 2013, 06:50 PM
Replies: 117
Views: 54,463
Posted By Pedro40
OK, I misread the chart, so my March 10th price...

OK, I misread the chart, so my March 10th price was actually much better. The 0.64 was actually the 100 LTC/BTC ratio (yellow line), and the actual dollar (or penny) price of Litecoin was about 26...
Forum: Cryptocurrency March 12th, 2013, 02:04 PM
Replies: 117
Views: 54,463
Posted By Pedro40
Well, it will be 120 years from now, when all BTC...

Well, it will be 120 years from now, when all BTC is mined, so I don't think I will wait that long for stabilization. :)

The difference between a country's currency and an online virtual...
Forum: Cryptocurrency March 12th, 2013, 10:45 AM
Replies: 117
Views: 54,463
Posted By Pedro40
1. If not the personal users, they can prohibit...

1. If not the personal users, they can prohibit merchants to use it. Then you can only use it for international transaction as a US citizen.

2. It is not completely anonymus. So if they...
Forum: Cryptocurrency March 10th, 2013, 05:36 PM
Replies: 117
Views: 54,463
Posted By Pedro40
Wow, speaking of Litecoin. LTC is on fire. If you...

Wow, speaking of Litecoin. LTC is on fire. If you guys thought that BTC's raise from 30 to 47 was good, how about LTC going from 0.07 to 0.64 in 2 weeks? That is a 800% return.

So let's play a...
Forum: Cryptocurrency March 10th, 2013, 11:30 AM
Replies: 117
Views: 54,463
Posted By Pedro40
One must realize that the (earlier mentioned)...

One must realize that the (earlier mentioned) mining poster was using multiple computers to achieve his profit. Here is his calculation for 1 gaming computer:

"But if you are a gamer and have a...
Forum: Cryptocurrency March 10th, 2013, 10:53 AM
Replies: 117
Views: 54,463
Posted By Pedro40
As I mentioned earlier, the real good money can...

As I mentioned earlier, the real good money can be made by starting a competing currency. Because of the difficulty of mining and the process of slowing down, unless you have a hardware what you also...
Forum: Cryptocurrency March 10th, 2013, 09:48 AM
Replies: 117
Views: 54,463
Posted By Pedro40
The other information I was looking for is just...

The other information I was looking for is just what kind of profit one can expect by mining without access to free energy and/or multiple computers. (like a school teacher or such) Also I wanted to...
Forum: Cryptocurrency March 10th, 2013, 09:26 AM
Replies: 117
Views: 54,463
Posted By Pedro40
I am surprised nobody mentioned the current runup...

I am surprised nobody mentioned the current runup in BTC value. In the last few days it almost reached $50, peaking at 49. I was about to post a prediction that in the next 2 weeks it would drop...
Forum: Cryptocurrency February 28th, 2013, 10:19 PM
Replies: 117
Views: 54,463
Posted By Pedro40
Apparently, someone else already had the same...

Apparently, someone else already had the same idea: Freicoin

How it works? (http://freico.in/how/)
Forum: Cryptocurrency February 28th, 2013, 09:45 PM
Replies: 117
Views: 54,463
Posted By Pedro40
Another online currency: (well, RIP) ...

Another online currency: (well, RIP)

beenz.com - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Beenz.com)

"Beenz.com was a web site that allowed consumers to earn beenz, a...
Forum: Cryptocurrency February 28th, 2013, 09:39 PM
Replies: 117
Views: 54,463
Posted By Pedro40
It was made on another similar board, I will PM...

It was made on another similar board, I will PM it to you if you are still interested. I don't want to make connection between the 2 boards...

Edit: PM sent...
Forum: Cryptocurrency February 28th, 2013, 09:37 PM
Replies: 117
Views: 54,463
Posted By Pedro40
Flooz.com 1998-2001 "For every good dot-com...

Flooz.com 1998-2001

"For every good dot-com idea, there are a handful of really terrible ideas. Flooz.com was a perfect example of a "what the heck were they thinking?" business. Pushed by...
Forum: Cryptocurrency February 28th, 2013, 09:28 PM
Replies: 117
Views: 54,463
Posted By Pedro40
If you say mining is breakeven or slight loss...

If you say mining is breakeven or slight loss today, but you expect it to go much higher, you should still mine.

Last time I correctly predicted that it would go from 8 to 15$ then collapse. I can...
Forum: Cryptocurrency February 28th, 2013, 08:29 PM
Replies: 117
Views: 54,463
Posted By Pedro40
Enough that I figure a hyperbolic raise in price...

Enough that I figure a hyperbolic raise in price could effect the profitability of mining. Since you said last time you checked it was years ago, price has just increased at least 6 fold, the math...
Forum: Cryptocurrency February 28th, 2013, 06:47 PM
Replies: 117
Views: 54,463
Posted By Pedro40
Did it increase 6 folds? If so mining bitcoins...

Did it increase 6 folds? If so mining bitcoins for normal people is meaningless/unprofitable, and only people with access to free energy/computers can make money. Unless someone is betting on future...
Forum: Cryptocurrency February 28th, 2013, 10:23 AM
Replies: 117
Views: 54,463
Posted By Pedro40
It is really a simple calculation, with one...

It is really a simple calculation, with one assumption, that the price of bitcoin is going to stay steady. If a few years ago when Bitcoin was under $5 it was not economical, I am sure over $30 it...
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