Billy Young's Blog - Posts Tagged "crash"
12th April 2013
It has been a very big turn around for the price of Bitcoins over the past couple of days. From a high of over a hundred and fifty pounds it has fallen to under fifty. Sadly I hadn’t ordered Magz new computer and now don’t have enough to get it till the price comes up again. That is of course if it does. Like all such things, stocks, shares, and money market speculation it is a risk you have to weigh up. Yes it is a gamble but I’m mining the coins so less so for me.
I did finally get my new graphics card. I was worried at first because it runs very hot ninety five degrees Celsius. I did some research on the net and found that it isn’t something to worry too much about unless it hits a hundred and twenty so I feel easier. I was leaving my computer on at night to work away at earning bitcoins but Magz doesn’t feel as happy with the new card being so hot so now I turn it off. I see her point and it is best to be safe.
Magz had to go to Glasgow to collect the package on the bus. She had a long walk to the sorting office after that. She was knackered by the time she got home which was after I got home. I just wish I could have gotten her that laptop ordered before the crash. Well we can’t have everything. I’ll just have to find some way to make it up to her for going all that way for me. The worst is she found out when she got there I could have paid the import tax and handling charges online then had the thing delivered in a day or two. We’ll know next time though.
I did finally get my new graphics card. I was worried at first because it runs very hot ninety five degrees Celsius. I did some research on the net and found that it isn’t something to worry too much about unless it hits a hundred and twenty so I feel easier. I was leaving my computer on at night to work away at earning bitcoins but Magz doesn’t feel as happy with the new card being so hot so now I turn it off. I see her point and it is best to be safe.
Magz had to go to Glasgow to collect the package on the bus. She had a long walk to the sorting office after that. She was knackered by the time she got home which was after I got home. I just wish I could have gotten her that laptop ordered before the crash. Well we can’t have everything. I’ll just have to find some way to make it up to her for going all that way for me. The worst is she found out when she got there I could have paid the import tax and handling charges online then had the thing delivered in a day or two. We’ll know next time though.
1st March 2014
It has been a big week for the Bitcoin markets this week. As you would have heard on the news, maybe, one of the biggest exchanges crashed and burned this week. Of course I was one of the ones trading through MT Gox. Yes I lost the coin I had invested but I had already lost most of my investment through bad discipline. I got caught out last summer. Yeah June was a bad month in speculation for me. It didn't help when I missed my footing in the last bubble as well. In total I was able to turn four bitcoins into point seven five. What can I say? Not a lot the figures show I'm not very good at speculating though it is fun. Anyways I have begun again at another exchange but I have started with only point one as I still wish to keep what little I have left.
With Mt Gox going bankrupt a lot of people have lost a great deal more than myself. I at least didn't lose any real cash as such as the coin I had invested was mined. Unfortunately many how have lost actually put real cash into bitcoin. Not that I am not saddened overt my own losses but it is a gamble which I have known from the start. Therefore I can only blame myself on losses as I would have taken any credit if I had made a profit. Of course by registering with another exchange and taking the gamble again might show that I haven't learnt much over the past few months. Or it might tell you something else about me. I have a thick skull, hehehe.
As I said above I made bitcoins through mining them but with mining difficulty having increased I was unable to do this any longer. It was for this reason I first got into speculating on Mt Gox. I do wish I had the money to afford some of the mining hardware that has come to market over the past few months. Unfortunately the asking price for a descent amount of power to make a profit is well above anything I could afford. Not a lot I can do about that then.
With Mt Gox going bankrupt a lot of people have lost a great deal more than myself. I at least didn't lose any real cash as such as the coin I had invested was mined. Unfortunately many how have lost actually put real cash into bitcoin. Not that I am not saddened overt my own losses but it is a gamble which I have known from the start. Therefore I can only blame myself on losses as I would have taken any credit if I had made a profit. Of course by registering with another exchange and taking the gamble again might show that I haven't learnt much over the past few months. Or it might tell you something else about me. I have a thick skull, hehehe.
As I said above I made bitcoins through mining them but with mining difficulty having increased I was unable to do this any longer. It was for this reason I first got into speculating on Mt Gox. I do wish I had the money to afford some of the mining hardware that has come to market over the past few months. Unfortunately the asking price for a descent amount of power to make a profit is well above anything I could afford. Not a lot I can do about that then.
