RE: There's a Bitcoin GOLD RUSH Going on - How to PROFIT Big from BITCOIN

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There's a Bitcoin GOLD RUSH Going on - How to PROFIT Big from BITCOIN

in bitcoin •  7 years ago 

Can you afford $150 for 1TH of mining power? That at today's rates should produce about 0.05769 BTC over 12 months which is worth $980 at today's price of bitcoin $17k. But a year from now that price could be $170k/BTC, at which point your $150 investment would turn into $9800. Of course if you can't afford to invest $150 you won't get to make any profit.

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I like your thinking Jaro! It all rests on the idea that BitCoin will continue going up in price though. I see it pushing 30,000/Coin over the next 2 years but I think that's the highest it can realistically go without destabilizing current banking institutions so much as to create a solvency crisis. You've got a great attitude though and I appreciate your insights. I think you stand to be very wealthy in the near future.

Bitcoin went up 20 TIMES in price since january. What makes you think that it'll only go up 2 times in the next 2 years? I see it just getting started, with at least 10 TIMES gains in the each of the next two years.

When bitcoin accelerated in November, people estimated it would reach 10.000 USD by the end of the year. Today it is likely to double that.

Were can you buy a $1TH miner for $100

See the link in the article. But you don't buy the 1TH miner for $150, you rent it for that amount for one year. That is, you buy a one-year 1TH contract and the company will use their miner to mine bitcoin for you at the 1TH capacity for one year.

I highly speculate the price will be 170k from 1 year now!!!