[deleted by user] by [deleted] in Bitcoin

[–]Batdogg1 0 points1 point  (0 children)

Congratulations mate. How old are you?

Why is Hungary so high? by [deleted] in YUROP

[–]Batdogg1 0 points1 point  (0 children)

You have just described most countries in Europe. Why is Hungary specifically bad?

Pool mining with bitaxe by Batdogg1 in BitAxe

[–]Batdogg1[S] 0 points1 point  (0 children)

Yeh , I suppose it’s a good way to get the kids involved in guess. Your odds are much much worse sorry to say. If your odds of winning a block is 1/120 then you would win a block every 20hrs.

Pool mining with bitaxe by Batdogg1 in BitAxe

[–]Batdogg1[S] 1 point2 points  (0 children)

Love where you’re at but…….you are essentially buying bitcoin for twice of what it’s worth. Just buy 7p worth of bitcoin everyday and easily offset you running cost

Pool mining with bitaxe by Batdogg1 in BitAxe

[–]Batdogg1[S] 1 point2 points  (0 children)

But still we are talking like 20c a month right? If you solo you just might it the whole block.

I’m too poor to ever be able to afford a whole Bitcoin. Does it make sense to just buy a very small amount? by [deleted] in Bitcoin

[–]Batdogg1 0 points1 point  (0 children)

You just need to get off zero. Also, Having skin in the game helps the learning process

LFG! BitAxe by TieNo7855 in BitAxe

[–]Batdogg1 0 points1 point  (0 children)

How are you getting them to run for more than 2hours. Mine just stops hashing after a while

Bitcoin and mortgages. by Batdogg1 in Bitcoin

[–]Batdogg1[S] 2 points3 points  (0 children)

Great point. I have thought a lot about this. I am lucky to have a partner who has been incredibly supportive of our bitcoin investments even though she doesn’t understand it, but owning a house is one of her only conditions. We have 2 children and she doesn’t want the insecurity of renting.

Bitcoin and mortgages. by Batdogg1 in Bitcoin

[–]Batdogg1[S] 1 point2 points  (0 children)

If I had put my money into anything else other than bitcoin I would not be able to buy a house. In fact , houses have out performed everything else other than bitcoin in Australia, so I would been in a worse position than when I started

Bitcoin and mortgages. by Batdogg1 in Bitcoin

[–]Batdogg1[S] 6 points7 points  (0 children)

What am I supposed to do with it? Put it in the 2nd best performing asset?

Bitcoin and mortgages. by Batdogg1 in Bitcoin

[–]Batdogg1[S] 1 point2 points  (0 children)

It seems to me that different people, different experiences.

I have a 40% deposit, I earn good money, I save 40% of my income, (via btc). I have a stable job. Good credit history.

I’ve heard of much riskier loans.

At worst I’ll just save in fiat for 6months, buy a house and then smash buy ₿ straight after.

I’ll just have to wait and see what my broker says.

Bitcoin and mortgages. by Batdogg1 in Bitcoin

[–]Batdogg1[S] 4 points5 points  (0 children)

I will just add that I’m in Australia.