Subject: Bit Talk Edition 27

Bit-Talk Newsletter Edition 27
We're All About Bitcoin

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Wow ! We Don't Even Get Excited Anymore
As I write, Bitcoin is at $693. When I joined Bitclub Network, it was in the $250 dollar range so I am heading towards a 3-fold increase in value. One of the best things of all about being involved in mining Bitcoin is that your share of the mining proceeds is a value based on a fixed amount of coin or daily share. 
So, when you receive, as I have so far, around 10 Bitcoins from mining (across my accounts) in around 300 days and they are $250 each then that is, effectively, $2,500. But when, as they are now, they are worth nearly $700 then of course that equates to $7,000.
Now I re-invest all of my mining proceeds 100% back into extra shares and so, while I am doing that, I am not actually turning the coin into money. However, I have a plan to switch it to income as and when Bitcoin hits $1,000 and then, of course, I will have a bigger slice coming out daily.
Now, as is always the case, the more Bitcoin mining shares you have, the more you are gong to earn from it but, let me tell you, I am by no means a big investor in BCN. In fact, I started with one, single $500 mining pool share and there are those who came in with 10 or even more founder positions (that's $3.500 per pop). How much are they making?

However, I shared what I considered to be an excellent opportunity with some other people and some of those have also shared it with others. The net result of that was that within two weeks of joining and buying my first share, I was able to expand to a founder position ($3.500 worth of shares, across all 3 mining pools) because, quite rightly, Bitclub paid me to find them new customers. Guess what, every company on the planet pays people/other organisations money to find them new customers.

I am going to explain, below, why this opportunity still rocks so, if you were thinking you've missed the boat, then think again and if you want to accelerate your own personal rate of Bitcoin earning, then pay heed, this is the way to do it rapidly. But please accept the usual caveats. This is my opinion and you may see it all differently. We must all make our own decisions in life.
Halving Approaches, Is Your Glass Half Empty or Half Full?

We are probably only a month away now from Bitcoin Block rewards halving. Now I can't tell you exactly what that will mean for us financially in the end, I can only surmise. 

But it seems to me that if you have a (we'll call it commodity) that has increasing use, increasing awareness and (literally) millions being invested in taking it further and further and building more opportunities to use it, then the chances are that the commodity will continue to increase in value.

Add to that a fact called halving. This means that come the discovery of Bitcoin Block number 240,000, the reward for finding the blocks thereafter will halve from 25 Bitcoins to 12.5 Bitcoins.

But then this gives Bitcoin build in anti-inflation and scarcity (scarcity in a good way). Demand is already pushing ahead of supply and when halving comes, reduced supply will create more demand and thus, I believe, the value has to continue to increase.

I think that $700 per Bitcoin is nothing. I can see it hitting $2,000 or $3,000 over time. And one of the great things about Bitcoin as a currency is that it divides down to multiple decimal places (the smallest part of a Bitcoin being affectionately called a Satoshi). 

So even at $3,000 in value, you will be able to break a Bitcoin down 
small enough to buy a 2 pence chew.

Some people actually see all this as a negative. These people are the glass half empty types who see scarcity as a bad thing. They assume that if there is less to go around that means that they get less. These are the same people who think there is a limit to wealth and one day the money will run out for everyone. Who knows, maybe they are right but I think the impact of bankrupted Government coffers will hit us first.

The evidence speaks for itself already. I have seen Bitcoin, since I joined Bitclub, rise from $250 to nearly $700 and that is without halving. Why would the value stop increasing when half the amount is being produced? Think gold and how controlled scarcity has acted on its value.

I, on the other hand, fall into the glass half full brigade and I see abundance and opportunity. I see no end to the opportunity to create a better life and more weath. Am I greedy? No. I also understand that you have to work hard to succeed and I am very willing to do so and I, like everyone else on the planet, either put myself to work or I put what money I have to work because I never stop thinking about the future.

By the way, I have experienced some very hard times along the way where I really wondered how I was going to feed myself and my family and where I was going to live. So I know about the bad times as well as the good, just in case you thought I had it all easy.

Opportunities to do something positive about your financial future that does not require simply exchanging more hours and more sweat for more pay do not come along too often.

Right now, we are accelerating into the heart of the Age of the Internet where everywhere you look you will find such opportunities providing you know what you are looking for and providing you understand that we must take risks to grow and win.

Yes there are always risks, yes you will get your fingers burnt with some of them. And yes there are some really bad people out there. I have personally invested in around 12 or so online businesses and opportunities over the last two years and at least 4 of those, so far, have crashed and burned and a fifth may well be going that way soon but I have made enough from the others to easily compensate and some.

Bitclub Network is the best of those I have seen and still it is seen by the majority who look as dangerous and speculative. I think that any business can eventually fail and maybe in the longer run even this one may but right now I only see it getting better.

I understand why something new and strange can often be a little scary. Sometimes it takes a whole mind-set change to make something work.

I also understand how the feeling of being responsible (even if you were not in truth) for a decision that another made can come back to haunt us but, if you think about it, even without being aware you can be influencing the decisions of people around you all of the time, especially, of course, if you have a family.

In this day and age, if you haven't got what you need yet and you do not have the rest of your life covered financially, then you need to act to change that.

There are no obvious, safe havens I can see any more. I can only tell you that if I do not understand something and I can see good reasons to understand it I will learn about it.

I will study until I get to know it better. I will take risks knowing that in a lot of cases, the rewards WILL follow.


Why You Should Share
If you are in Bitclub Network and you haven't shared the opportunity with anyone, it will be because you are afraid of the responsibility implied in making a recommendation to others.

Or, and this is even worse, you are just being greedy and want to keep it to yourself.

Each of us, individually has to be responsible for our own choices. Whenever I have ever introduced any opportunity to anyone I have always made the following very clear:

1) I cannot know, ever, what the future holds and I can only confirm that, for me and for my money the risks are risks I am prepared to take and anyone else coming in must also take the same view or they should stay clear.

2) I will always work as hard as I can to help those that have joined me in an opportunity. That is why I spend hours producing things like this newsletter.

3) Any investment made into any venture, be that gambling based, business opportunity based or direct investment based, must be made knowing that you can afford to lose the money invested. These aren't just words, these are the rules of life. 

I have experienced the loss of a fortune in the 1987 stock market crash (Black Monday). I have lost fortunes investing in property. I've even had a life assurance company go down on me costing thousands (Equitable Life).

Fortunately, I didn't get directly hit by the banking crisis but I know people who did (Northern Rock customers etc).

People in the World have even been hit directly by Governments. This happens more than you probably realise. Taxing us isn't enough any more, now they sometimes want everything.

In Cyprus, the Government literally helped itself to the people's deposit accounts. In Greece, they are still reeling from the effects of having had their cash withdrawals limited to a pathetic number of Euros per day.

In Argentina, the public awoke one day to find all their bank savings accounts frozen. There are other examples as well.

There will be more to come so what do the words SAFE and SECURE mean?

And it isn't all about Governments, how are you feeling right now if you work for BHS and thought you had a nice pension coming?

My point here is not to scaremonger, the UK Government are doing enough of that with their views on us leaving the EEC. For heaven's sake do we really believe that we are not capable of surviving as a country on our own anymore?

No my point is to say that SAFE and SECURE are things that do not really exist any more. You have to accept that there are simply now degrees of risk versus degrees of rewards and we all need to broaden our horizons somewhat as the World around us has changed.

So, when you are in doubt as to whether you should be sharing an opportunity like Bitclub Network with anyone, just bear that in mind and, providing you explain it for what it is (and I have given you the lowdown on that) remember that, right now, many out there have no idea of how to put some of their money to work.

The deal is simple, in exchange for the Bitcoin equivalent of between $500 and $3,500, one can buy a mining pool share or shares that will run for 600 days.

Within that 600 days the shares should produce more shares. My $500 original mining share has built to 1.8664 shares in 313 days. My $1,000 share has built to 1.38 shares in 294 days (the last share I turned to 100% re-invest) and my $2,000 share has built to 2.7524 shares in 279 days. 

AND it is only really this year when, since Bitclub got up to a magnificent 40+ GH in hashing power (soon to be 50), the rate of increase has really kicked in. 

I am 100% re-invested (as I said) and I did prior to the end of last year purchase almost half a share in addition on my $2,000 mining pool but, even without that I would be very happy with the results so far. In fact, even if I had only half the mining proceeds I've seen, I would be doing very well indeed.

They will be very well placed to take advantage after halving I think. And you can accelerate your rate of Bitcoin production by introducing other, of that, there is no doubt and recommending something that has been good to you strikes me as perfectly normal behaviour.




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