diy solar

diy solar

Crypto Currency Mining a Giant Pyramid Scheme?

You will make it back fairly soon. I expect Bitcoin to hit $200K in the near future. Cardano should be about $5, and Ethereum back to over $4k. BUT, its going down to about 14K first HOPEFULLY! I have been pissed with the recent rise, as I expect some funds soon I wanted to invest. I have never mined, and probably never will. Just buying the dips.
You are very optimistic. When I see the big boys unloading like they have and the small guys buying it up, all I see are red flashing lights.
 
You are very optimistic. When I see the big boys unloading like they have and the small guys buying it up, all I see are red flashing lights.
More smaller vs fewer whales makes for a more stable currency, as manipulation becomes harder.
 
You will make it back fairly soon. I expect Bitcoin to hit $200K in the near future. Cardano should be about $5, and Ethereum back to over $4k. BUT, its going down to about 14K first HOPEFULLY! I have been pissed with the recent rise, as I expect some funds soon I wanted to invest. I have never mined, and probably never will. Just buying the dips.
I forsee BTC bouncing between $18-21k up until the halvening in 24', then hold on!!!

I strictly mine right now, have never bought outright, and have thrown Eth to the side. Much more promising coins on the rise.
 
I forsee BTC bouncing between $18-21k up until the halvening in 24', then hold on!!!

I strictly mine right now, have never bought outright, and have thrown Eth to the side. Much more promising coins on the rise.
Interesting. Which coins do you feel are better? ETH is up 70% in the last few weeks alone.
 
Interesting. Which coins do you feel are better? ETH is up 70% in the last few weeks alone.
Since I'm a miner I have to look at things a little differently, coins that are POW depend on the miners to bring them up. People forget that miners were the reason Eth took off. Miners were the first people to actually spend/use Eth, which is what made the value rise. (Just my opinion) So we try and find coins that are true to the morals of Cryptocurrency. Right now i am looking closely at Flux, Ergo, Ravencoin, ETC, and some other very small cap coins. ETC did have a huge pump over the last 2 weeks....
 
Since I'm a miner I have to look at things a little differently, coins that are POW depend on the miners to bring them up. People forget that miners were the reason Eth took off. Miners were the first people to actually spend/use Eth, which is what made the value rise. (Just my opinion) So we try and find coins that are true to the morals of Cryptocurrency. Right now i am looking closely at Flux, Ergo, Ravencoin, ETC, and some other very small cap coins. ETC did have a huge pump over the last 2 weeks....
I will have to research those s bit. I always liked ETH since it became almost a standard for coding smart contracts on that chain. Cardano seems to be going after the high transaction count credit card market for digital cash. Bitcoin I think will always be the store of value like Gold.
I am hoping the world bank, Brandon's team, and all the freaking socialists/communists out there dont screw it all up. Interesting times we live in.
 
Gold and Silver.

If you can't hold it, you don't own it
Gold and silver are a hedge. Crypto are long term investments. If you invested in 2017, you would be up a few hundred percent. If you bought Cardano 3 days ago, you would be up over 20% today.
 
Yeah well for my money I'm going all feng shui bonsai tree trimming on the backyard shrubbery
 
Yeah well for my money I'm going all feng shui bonsai tree trimming on the backyard shrubbery
Yep, Crypto is for the very Young that can afford to lose it all and start over again.
Since this thread started Bitcoin lost 66% of it's value and has now recovered a bit with about 50% of it's top value lost.
If that happened to my retirement fund I would be living in a cardboard box in 10 years.
Lets face it, the main problem with Crypto is that it has no large economy backing it, so it will always be floating around in value as groups of people Buy and Sell it in order to make short term gains.
 
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Yep, Crypto is for the very Young that can afford to lose it all and start over again.
Since this thread started Bitcoin lost 66% of it's value and has now recovered a bit with about 50% of it's value.
If that happened to my retirement fund I would be living in a cardboard box in 10 years.
Lets face it, the main problem with Crypto is that it has no large economy backing it, so it will always be floating around in value as groups of people Buy and Sell it in order to make short term gains.
That is unless we actually start using it for every transaction around the world.

No idea when/if that will happen, but it could, and they are setting up for it to take place.
 
That is unless we actually start using it for every transaction around the world.

No idea when/if that will happen, but it could, and they are setting up for it to take place.
I doubt it, that would mean the USA would have to be on board.
The thing that has kept the US dominant and stable through out hard times is that the US$ is the Worlds Reserve currency. That was one of the reasons China was pushing Crypto so hard, they were hoping to destabilize the USD and get to be on equal footing with the USA. They have abandoned that plan and that is a major reason why Crypto is now so Volatile.

Bottom line is that the US Government wants it gone and they have a pretty good track record of eventually getting what they want.
 
That is unless we actually start using it for every transaction around the world.

No idea when/if that will happen, but it could, and they are setting up for it to take place.
They powers that be will control everything from then on. Canada froze ppls bank accounts shut them down for protesting covid mandates. The thing that cracks me up ….. Biden announced a type of bitcoin digital currency and some ppl here are denying it now. Hahaha

The USA made gold coins illegal here for good reason….. the big problem is how do you buy 1 loaf of bread or a tank full of diesel - gas with that gold coin? Few well placed emp = we are cooked. We can buy gold coins now but very expensive.


IMG_3585.jpeg

They absolutely need digital controlled money so can run the climate change scam


is this guy still walking around? Why isn’t he locked up?

 
Yep, Crypto is for the very Young that can afford to lose it all and start over again.
Since this thread started Bitcoin lost 66% of it's value and has now recovered a bit with about 50% of it's top value lost.
If that happened to my retirement fund I would be living in a cardboard box in 10 years.
Lets face it, the main problem with Crypto is that it has no large economy backing it, so it will always be floating around in value as groups of people Buy and Sell it in order to make short term gains.
Nope. I bought Ethereum at $10. I bought the laptop I use for 2.5 Bitcoins back when it was $600 per. ( I now own the most expensive laptop ever made?) My son bought 100 bitcoins at $20. I bought the house I am in with Ethereum.
I dumped my entire 401K into Bitcoin back in 2016 using GBTC, which was available at Fidelity at that time. Right after that, GBTC did a 100:1 split. Me and a bunch of guys at work all bought in before the split.
Crypto has been a great investment.
 
Nope. I bought Ethereum at $10. I bought the laptop I use for 2.5 Bitcoins back when it was $600 per. ( I now own the most expensive laptop ever made?) My son bought 100 bitcoins at $20. I bought the house I am in with Ethereum.
I dumped my entire 401K into Bitcoin back in 2016 using GBTC, which was available at Fidelity at that time. Right after that, GBTC did a 100:1 split. Me and a bunch of guys at work all bought in before the split.
Crypto has been a great investment.
I am happy it worked out for you.
The reality Is that crypto prices often fluctuate based on events that are typically known only to a select few in advance. Some will say the stock market is the same and that is sometimes true but Crypto is always operating like this due to almost non existent regulations.

Some people like you get lucky but the vast majority of the people end up buying high, watching it grow rapidly and then get caught when it suddenly nose dives Way below what they bought it for.

If it had any kind of stability so many businesses would not have stopped accepting it.
 
I am happy it worked out for you.
The reality Is that crypto prices often fluctuate based on events that are typically known only to a select few in advance. Some will say the stock market is the same and that is sometimes true but Crypto is always operating like this due to almost non existent regulations.

Some people like you get lucky but the vast majority of the people end up buying high, watching it grow rapidly and then get caught when it suddenly nose dives Way below what they bought it for.

If it had any kind of stability so many businesses would not have stopped accepting it.
Once the SEC approves the ETF's, it will stabilize. In my opinion all cryptos markets are currently manipulated, but so is Gold and Silver. There are also only a few tokens that are worth anything. The rest are a ponzi scam.
Bitcoin has become digital gold. Ethereum is used for blockchain contracts and automation, so that gives it value. A few other tokens like ADA are competing for high transaction efficiency, which will enable them to become digital credit cards. The rest are NFT driven, or a scam, and will disappear over time.
 
A few other tokens like ADA are competing for high transaction efficiency, which will enable them to become digital credit cards.
only personally know a small sliver of cryptocurrency, and most of that is from the Mining aspect of it. There are a couple of others that are shooting for high transaction speed, Kaspa being one that comes to mind. I don't remember the actual transaction/min numbers, but I do know it was knocking on the door of what Visa can transact, and they have plans to make it much faster.
 
Gold and Silver manipulation (especially silver) drives me crazy. One of the ways silver is manipulated IS the ETFs and "Paper" Silver. I wonder if this same manipulation will happen to crypto "Once the SEC approves (those) ETfs" ?? I'm guessing yes.

But at any rate, will anything crypto matter when and if nations and bank begin to Issue there own CBDC's? Will those nations try to ban crypto in favor of their much more controllable State issued CBDCs? I think so. Will it happen tomorrow, or over night? Probably not. Di-spite the fear mongering and FOMO crowd, I think here in the USA CBDCs are still a good while off. Too much state resistance.
 
Will those nations try to ban crypto in favor of their much more controllable State issued CBDCs?
It won't matter. China banned crypto and it was still very easy to get access to it. There was even still a LOT of mining going on in China for a very long time.

Do I remember hearing they lifted the crypto ban? Or am I mis-remembering?
 
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