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Martinsx

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Everything posted by Martinsx

  1. Martinsx
    From the information I have about what it costs to build a mining rig, it's very expensive depending on the size of the rig you are looking at building.
  2. Martinsx
    Saying it's not existing is too extreme, maybe it's not physical but it's like a software digital currency and it's simply because it's not affiliated to any government or central bank that it can't be taxed.
  3. Martinsx
    Thanks mate. I'm definitely going to be trying it out and hopefully I'm going to see positive progress with it.
  4. Martinsx
    Personally, I have the knowledge about Bitcoin since 2009 but I didn't know much about it then when it was launched. It became very functional in business in 2010 but I didn't trust it to invest back which is a decision that I have regretted till today.
  5. Martinsx
    I'm not sure if Bitcoin is taxed. It's not like fiat currency which the government has control over, it's why it's a decentralized currency. It may be indirectly taxed, who knows?
  6. Martinsx
    Honestly, I have heard very well about Genesis Mining but I haven't taken the decision to give it a try simply because of my failed attempts with other cryptocurrency mining sites. Maybe I should give Genesis Mining another try and see how it goes.
  7. Martinsx
    Exactly! We learn every day as long as we are still alive and getting into one business transaction or another. We get to have more knowledge about what we do and use such knowledge to make a better decision in the future.
  8. Martinsx
    Well, at the moment my country's government Nigeria is yet to approve and accept the use of cryptocurrency for any kind of business transaction. Some banks that are running cryptocurrencies related accounts are almost closing down such accounts.
  9. Martinsx
    With the current rate in how Bitcoin price is falling, do you think it would fall to $1000 per BTC sooner or later?
  10. Martinsx
    It's true my friend, when it comes to making any investments, it's very important to invest only what you can afford to lose. It's just like gambling, it may work out and it may fall out. So, caution is advised.
  11. Martinsx
    Exactly my point. The early investors in Bitcoin have lost completely because I'm not sure if the price of Bitcoin would ever climb up to $10k and above. You are very correct my friend with that assertion on the impact of the global crisis in 2008, it did crippled the world's economy.
  12. Martinsx
    Seriously, I wake up up looking forward to seeing something positive with Bitcoin but it's rather proving to be getting worse as the day goes by. Old investors in their cryptocurrency blockchain are really in deep mess at the moment.
  13. Martinsx
    Yeah, it's really bad. Even though those who lost money in ponzi were warned because of high risk of losing their money to scammers, it's not the same thing with cryptocurrencies investments which still makes people lose money as well.
  14. Martinsx

    Is mining dead?

    Martinsx replied to MittensFX's topic in Mining

    Exactly! If you want to make money, you are definitely going to be willing to get greedy every now and then because it's the only way you would have the mind to take up the opportunity in front of you with an investment. All you have to do is to be greedy in a reasonable manner.
  15. Martinsx
    Seriously, some people are just sociopaths as they derive joy in other people's misfortune. I can remember when one ponzi called MMM was very popular in my country. Such people were happy the ponzi scheme crashed, thereby making so many people lose a lot of money.
  16. Martinsx
    To be very honest, the drop in Bitcoin price have a serious impact on how most people who are likely investors are seeing the cryptocurrency. No one appreciates making any investment in unstable commodity and it's what Bitcoin has turned into at the moment.
  17. Martinsx
    There is every possibility of the price of Bitcoin still rising up. It's only going to be a matter of time but it's eventually going to happen, I'm very sure of it.
  18. Martinsx
    Yes, it's such a shame that such investors have lost a great percentage of their investments because of how the cryptocurrency has dropped off in its price recently.
  19. Martinsx
    A lot of things are behind the often drop in Bitcoin price but the most perculier one is the activities of government in attacking the cryptocurrency with refusing it's acceptance and approval.
  20. Martinsx
    I haven't used the cryptocurrency exchange site Coins.ph yet but all the people that I'm aware to have used it are good with it. I have made use of coinbase and it's as good as Coins.ph from those that have used it with their experience in using the cryptocurrency exchange site.
  21. Martinsx
    This is a very good news for the Philippines people who are interested in cryptocurrency investment. This information shows that their government values and support cryptocurrency investment.
  22. Martinsx
    Most of all my friends who are located in Philippines that are into any kind of cryptocurrency dealings all makes use of this cryptocurrency exchange site Coins.ph. It's just as popular as Coinbase.
  23. Martinsx
    Who is actually still mining cryptocurrencies at the moment? I don't think that it's as it's used to be because most people aren't successful in cashing out from the Faucets sites.
  24. Martinsx
    Exactly! Reaching the withdrawal threshold in most Faucets sites are almost impossible and I believe that the mining site was designed to do so and rob people off their hardwork. I completely agree with you on this one about miners being able to take anything that they were able to mine from the Faucets sites.
  25. Martinsx
    No reasonable human being would be happy seeing his fellow man lose millions of dollars in an investment that looks like a good prospect. Anyone can fall a victim of such, so it's not good to mock such people even though they made bad judgment call with their investments.
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