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      "author": "steemitboard",
      "body": "Congratulations @cirrambitcoin! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cirrambitcoin/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@cirrambitcoin) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cirrambitcoin)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "author": "cirrambitcoin",
      "body": "With the drop in difficulty and price after the massive \"gold rush\" of late 2017 which pushed difficulty up by 6 trillion in 5 months the current levels are looking almost like a bitcoin reboot. I am glad I got in last December because I am now ready for the reboot!! Are you going to join me on this trip or will you be waving to me as I create my financial independence and wishing you joined me now when you have a chance?\n\njoin me on this trip of a lifetime http://bitclub.bz/cirrambitcoin\[email protected]\ndrop me a message here.\n\nThis is going to be the real start of Bitcoin and Bitclub Network is positioned to leverage this new dawn.",
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      "body": "So my question for the day is this – Is Bitcoin still a “thing”?\nMy answer is YES!!\n\nIt is still very important, it is still a game changer, it is still being disruptive, and this is why the price is so low!!\nThis time last year, 2 December 2017, the Bitcoin price was busy increasing and no one knew at that point, that it was going to smash through $10 000, then $12, $15 and eventually top out at $19800 just before Christmas and then pull back almost 80% of those gains.\nPeople were buying it in a frenzy hoping to get rich overnight, and in reality the only guys that got rich were the guys that had bought Bitcoin when it was as 25c, $1 or even $300. They bought lots of coins and held onto them, sold when it was high, and made a killing. The guys that bought at $12000, or higher are sitting with the same amount of Bitcoin but only at a cost of $4100 today.\n\nBut why am I still positive about Bitcoin, well, I mine it. I collect Bitcoin every single day, little by little, building up reserve that will be worth a lot more when the price goes up again, and it will.\n\nThe cycle will be the same, the price will start building, it will break $10 000, then $15 000 and as people get excited again, it will keep going up. It is also gaining more wide spread adoption for use, France’s coffee shops are going to start accepting Bitcoin for their products in the new year, Bitcoin ATMs are springing up around the world, there are about 5 in South Africa now, 3 in the Northern parts of Johannesburg, 1 in Rosebank, 1 in Sandton City and 1 in the Northwold Spar.\n\nThere is a new Bitcoin or crypto debit card coming from Bitclub Network where we will be able to load the card and spend bitcoin without having to change it into FIAT currency to spend it, you swipe just like a normal card and pay for your goods with Bitcoin, the retailer will only see it has been paid, and not even know you paid with Bitcoin – BOOM awesome!!!!\n\nIf you are thinking that you should get some coins for your crypto wallet, now is the time, not in a week or so when, who knows, the price will go up again.\n\nThey are still speaking of $250 000 by 2020 for these reasons, more adoption, a halving of the mining reward and another economic worldwide crash similar to 2008, only they say this one will be worse. Remember this with Bitcoin, if there is another crash and there are runs on the banks, your bitcoins will be safe in your private wallets, because you control those wallets. No one can take those coins and pay another person the money they are demanding, because the banks do not have access to your crypto wallet, like they have access to your money in your bank account. If your bank account says you have R10 000 in it, and there is a run on the bank and you get there late, either the doors will be closed, the ATM will be offline, or you will be limited in the money you can withdraw because the bank does not have your money in a special box with your name on reserving the money only for you, that is not how it works – ever!!!!\n\nThe majority of people at the moment do not see the big picture, they do not understand how money works, how it is manipulated to keep you in debt, keep you working for a boss, and keep you dependent on a government for “support”. If, what the economists are saying, turns out to be true, how will you support yourself in a downturn that could be the worst the world has ever seen? \n\nDuring the last downturn, the governments in Europe and the US turned to a system called quantative easing, what this was in reality was the continuous printing of money to supply to the banks so that they would not run out of money as money became scarce through salary increase freezes, unemployment and tax reduction. Basically printing money to pay for the money that was being paid out that wasn’t actually available. The inflation rates in some countries went negative, savers lost money, lenders lost money because the money they lent out was receiving no interest when paid back, central banks just kept printing more and more, and economics 101 teaches that if something becomes an oversupply value falls. And so it was with currency, these easing practices have now been stopped, 9 to 10 years after it started!!! If there is an economic crash again, these same countries will not be able to do easing again, it will not rescue their economies but rather destroy them for years to come, like in Zimbabwe, Venezuela, Greece and some other countries in the world.\n\nMost of these opinions are facts which you can google in your own time that is where I read most of the details on what I have mentioned above.\nIf you would like to know more about mining, Bitcoin or how you can get involved in crypto currency, drop me a note or email and let’s chat.\n\[email protected]\nhttp://bitclub.bz/cirrambitcoin\n![Rollercoaster.jpg](https://cdn.steemitimages.com/DQmWwA8xgfWhomoZpYmiijntggioZV24PapvFExS92hQZCP/Rollercoaster.jpg)",
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      "author": "cirrambitcoin",
      "body": "This has been taken in part from another post so in quote marks: “When you look at the difficulty of mining and the price of bitcoin, it is way off whack, so the price has to go up, that is how it always is, like when the halving happens, the price goes up. Right now I don’t know how the price has been suppressed so much, because if you look at January, the difficulty was like 1 trillion and now the difficulty is 7 trillion and the price is like 35% of what it was, so it has gone down 65% in price and the difficulty has gone up times 7, like who can forecast that? \nThat is why BCN said from the beginning that nobody knows what is going to happen. \nPonzi schemes, tell lies but real business state the facts. That is just the way mining is. Everybody that is in mining is feeling the crunch right now. \nThis is a real business, and if they have employee mentality, where they don’t understand how a real business is and how it runs, they just want their pay check every week or every month and let the company take all the risk, this is a business. Anybody that puts any money into any business as an investment is inherently taking a risk. We didn’t know the price would go down this much and the difficulty was going to go up that much. There was no way anyone could have seen that. At the same time, who knows what is going to happen in the next three months. It can completely turn around where all of a sudden the price of bitcoin goes up. And now it takes a lot less bitcoin to pay for electricity and there is a lot more bitcoin to pay out to everybody. It is just the way business is.  Some people can’t handle it, they need to go and do their regular jobs. Other people go from scam to scam to scam promising huge pay outs until it stops paying out. We just do everything legit. That is just the way it is. I don’t know what else to tell people except welcome to a real business”.\nHere is a question to ask. \nIf the cost to mine a single bitcoin is estimated to be between $5000 and $7000, and the price is $6600, how in reality can you produce a guaranteed pay out matrix? You can’t, unless you are getting your money from some other source, like a Ponzi scheme. In a Ponzi scheme you are promised a huge pay out to hook you in, but you can only get that pay out if Paul keeps recruiting their Peters to keep the coffers full. Once you can’t recruit anymore Peters, Paul cannot get paid, the money runs out and bang you are left up the creek without a paddle.\nOpportunities that make promises of huge regular pay-outs, and promise the bigger your investment the bigger your pay out, are clearly robbing Peter to pay Paul.\nI will get abuse for this view, I know that, I will also stand by my view until you can prove otherwise. Don’t show me a photo of a miner or mining data centre to prove you are doing what you profess, show me figures, show me where you are on the Blockchain, show me your hashing power. I don’t care if you say you have 4 mining centres on 3 continents, which means zip, without proof of what you are mining. Show me that you understand how the Blockchain works, show me you understand how bitcoin is created, and show me you understand how difficulty and luck works before showing me how you can pay me a huge return. Until then, don’t judge me, don’t ridicule me for punching holes in your argument. Don’t attack me with personal attacks about what I am doing. Show me the facts. I will show you mine\n![stealing-294489_640.png](https://cdn.steemitimages.com/DQmZiJUykWvqr65MD3sNyS8Epwim6uHJSoZsXmcMQUvtVHJ/stealing-294489_640.png)",
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      "body": "There seems to be more and more scams/get-rich-schemes appearing, but when I check I cannot actually confirm or deny that they are mining, but due diligence is key. Be Careful People!!\nHow can you tell if your mining is a scam or not?\nThere are no hard and fast rules but Bitcoin is traced, tracked and created by miners mining the Blockchain, and supporting the technology which is Blockchain.\nMining bitcoin is made up the following criteria\n1. Hashing Power\n2. Luck\n3. Difficulty\n4. Competition\n5. Chinese dominance in the Blockchain\n6. You cannot guarantee Bitcoin reward pay-out size\nThe top mine BTC.com has a hashing power of 9.3 EH (This is a heck of a lot of 0000s)\nThe bottom rated mine on BTC.com is KanoPool and they have 112PH – these guys are battling to win the competition to win the hash problem and earn bitcoin.\nSo, if your mine is guaranteeing 5BTC a week, they better be mining with BTC.com. \nCheck your mine on 3rd party sites before investing with them.\nhttps://btc.com/stats/pool\nhttps://www.blockchain.com/pools\nIf you want to chat send me a PM or hit the link https://bitclub.bz/cirrambitcoin\nhttps://cirrambitcoin.wixsite.com/cirrambitcoin\n\nIF YOUR MINE CANNOT PROVE WHERE THEY ARE MINING, OR HOW MUCH THEY ARE MINING, OR YOU CANNOT FIND THEM THEN RUN AWAY – REMEMBER, THE BLOCKCHAIN TRACKS EVERYTHIGN SO IF YOUR “MINE” IS MINING YOU MUST BE ABLE TO FIND THEM ON THE BLOCKCHAIN![stealing-294489_640.png](https://cdn.steemitimages.com/DQmZiJUykWvqr65MD3sNyS8Epwim6uHJSoZsXmcMQUvtVHJ/stealing-294489_640.png)",
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