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      12-18-2020, 02:38 PM   #1057
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This is showing Bitcoin is no joke... already bigger than Chase bank... bigger than Walmart... this changes as price goes up obviously...

https://companiesmarketcap.com/assets-by-market-cap/
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      12-18-2020, 02:40 PM   #1058
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There can be 100 copies but if noone uses them they are worthless.
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Originally Posted by FastF30 View Post
I see you didn't watch the video... Bitcoin is the GOLD standard... Etheruem is more a workhorse for transactions... Etheruem price is very dependent on Bitcoin... some say a good investment and speculation is will outperform bitcoin by percentage points... but honestly I feel safer in bitcoin...
The way i read these reponses is basically... well it is what it is...

Pump and dump coming lol.
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      12-18-2020, 02:52 PM   #1059
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Originally Posted by ASAP View Post
The way i read these reponses is basically... well it is what it is...

Pump and dump coming lol.
This is where the major institutions buying it up right now comes in... this will stabilize price for they hold for the long haul... my biggest scare right now is a correction to the over-inflated stock market... wife won't let me touch those accounts... lol...

as with investing the old rule is to diversify...

This is where in my opinion it gets crazy... as financial institutions gather funds from peoples paychecks every week for investments... they will be investing a portion of that into bitcoin... Guggenheim is investing 10% of there portfolio.... so just think of all the billions being invested on a weekly/monthly time frame is mind boggling... remember... this is just the beginning...

Last edited by FastF30; 12-18-2020 at 03:04 PM..
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      12-18-2020, 05:26 PM   #1060
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Quote:
Originally Posted by ASAP View Post
The way i read these reponses is basically... well it is what it is...

Pump and dump coming lol.
Dude, I'd start doing research before opening your mouth about something you obviously have no clue about. Everyone thought it was a pump and dump back in 2017 too, it's not. It's not about BTC, its about blockchain and ledger technology. It is already changing the world and how companies record/track/verify and also how financial institutions send money/custody money, etc...

Blockchain and ledger technology is like the 2nd wave of the internet, it is transforming how many things are done in the world. Cryptocurrency is a new asset class, the first new asset class in many, many years. Don't be a fool and miss out....
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      12-19-2020, 10:25 PM   #1061
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Originally Posted by ASAP View Post
The way i read these reponses is basically... well it is what it is...

Pump and dump coming lol.
Dude, I'd start doing research before opening your mouth about something you obviously have no clue about. Everyone thought it was a pump and dump back in 2017 too, it's not. It's not about BTC, its about blockchain and ledger technology. It is already changing the world and how companies record/track/verify and also how financial institutions send money/custody money, etc...

Blockchain and ledger technology is like the 2nd wave of the internet, it is transforming how many things are done in the world. Cryptocurrency is a new asset class, the first new asset class in many, many years. Don't be a fool and miss out....
This
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      12-19-2020, 11:37 PM   #1062
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Once regulations go thru very very soon... Investment firms will be dumping majorly into it... Institutions are buying out the whales stabilizing the price... just growth from here....
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      12-20-2020, 11:57 AM   #1063
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Uh oh.... https://news.bitcoin.com/us-treasury...ak-down-rules/
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      12-20-2020, 01:25 PM   #1064
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Originally Posted by TXSTYLE View Post
Know all about it... those trying to avoid taxes are the only ones that really have to worry... In the end Crypto's will be part of many ETF's (mutal funds) and the public will be investing in it like it or not...
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      12-21-2020, 09:12 AM   #1065
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Originally Posted by FastF30 View Post
Know all about it... those trying to avoid taxes are the only ones that really have to worry... In the end Crypto's will be part of many ETF's (mutal funds) and the public will be investing in it like it or not...
Yup, it is what it is... Really only an issue if you are trying to hide your money/do illicit stuff with it. We(crypto followers) have known it would probably happen sometime if we want clarity and regs in the industry.
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      12-21-2020, 01:22 PM   #1066
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MicroStrategy (Micheal Saylor) bought $650million today of bitcoin @ $21,925each...
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      12-24-2020, 07:21 PM   #1067
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https://markets.businessinsider.com/...-12-1029919028
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      12-24-2020, 11:28 PM   #1068
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Originally Posted by TXSTYLE View Post
Lol... Kevin is just acting for CNBC... see him on other casual interviews and he has a different opinion... you can't stop Bitcoin... better to make taxes off of it than not... Bitcoin and Ethereum are already approved... It's an excellent vehicle against inflation... IRA's are already established... Institutions will be revealing their products to the public to invest... let's hope it all works.. the world needs a safe spot...
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      12-24-2020, 11:50 PM   #1069
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This Guy has a good look into it all...

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      01-07-2021, 05:28 PM   #1070
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I caved and bought over the past weekend. Doubled my investment this morning. Also bought some more $LAC.
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      01-07-2021, 08:19 PM   #1071
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I just recently immersed myself into cryptocurrency myself, not so much from an investment standpoint but by way of letting my PC rig mine during idle hours. My thought was that as I already had two 2080ti's running tandem in my watercooled monstrosity, I figured why the hell not.

Here's the problem though: I can already see myself getting addicted to it. After researching more into the world of bitcoin and alternate cryptocurrencies and seeing the emerging trends and financial predictions, I purchased two additional GPU's and will be running them all on NiceHash. I obviously won't hit millionaire status like some of those with serious AISC mining farms out there, but in the mean time it's an interesting hobby with decent to increasingly good passive income potential.

Lord help me but I've embraced the rabbit hole.

Last edited by MJ6; 01-07-2021 at 08:27 PM..
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      01-07-2021, 09:21 PM   #1072
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Originally Posted by MJ6 View Post
I just recently immersed myself into cryptocurrency myself, not so much from an investment standpoint but by way of letting my PC rig mine during idle hours. My thought was that as I already had two 2080ti's running tandem in my watercooled monstrosity, I figured why the hell not.

Here's the problem though: I can already see myself getting addicted to it. After researching more into the world of bitcoin and alternate cryptocurrencies and seeing the emerging trends and financial predictions, I purchased two additional GPU's and will be running them all on NiceHash. I obviously won't hit millionaire status like some of those with serious AISC mining farms out there, but in the mean time it's an interesting hobby with decent to increasingly good passive income potential.

Lord help me but I've embraced the rabbit hole.
I know very little about mining. What kind of return are you getting from mining with a mid level GPU? How does that compare to just buying bitcoin? So far I am up 14% since Saturday.
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      01-08-2021, 12:52 AM   #1073
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Bitcoin expo and conference Miami July 2021

If your into bitcoin or looking to learn how to mine bitcoin or even if your a newbie and just looking to learn more do not miss this once a year event in-person! This is the 3rd year and largest gathering of bitcoin professionals and vendors from around the world all under one massive convention.

Get your tickets!

https://www.eventbrite.com/e/mining-...s-114668727250
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      01-08-2021, 05:27 PM   #1074
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Lol
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      01-08-2021, 09:05 PM   #1075
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I normally don't chime in to these crypto threads cos there's just too many opinions and everyone is both right and wrong depending on what the price of BTC is.

But I will offer my opinion on mining as someone who bought in before the last FOMO, jumped into the mining FOMO, and survived the crypto winter.

Mining has got to be the biggest scam out there. Here's why:

1. Miners are priced based on the price of the coin it mines. When BTC price was high, miner prices were sky high. When it fell, miner prices also dropped. If this isn't enough to warn you off of mining, read on.

2. Your miner is obsolete the day it is launched. Manufacturers mine using their latest products before releasing it to public. When you buy the miner, the manufacturer has already enjoyed the best gains of the higher hash rate from their latest chips.

3. #2 means you are always using slightly older tech to compete against the hash power of the pools run by these miner manufacturers. So you're fighting for crumbs.

4. People always justify getting into mining by looking at high coin prices and forget that prices need to remain high in order for them to recover the cost of the miner and electricity. The moment prices fall - and it will fall - your ROI time frames go out the window. It got to the point it was cheaper to switch off my miners than to keep them running.

5. At the same time, hashing power of new miners keep going up. You wind up making fewer and fewer coins with your miners as time goes on, again impacting your ROI period.

6. All this is before we even get into the discussion of power consumption and noise. Modern miners consume 3000W of power or more. That's equivalent to running four 1HP airconditioners 24x7 everyday. Unless you have free power and cooling where you live you really need to take power consumption into your cost consideration.

You're better off taking the money you want to invest into mining, buying BTC and doing some trading with it. Faster and surer gains. Good luck.
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      01-08-2021, 09:13 PM   #1076
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Mining BTC would not be worth it to anyone here, the processing power(and cost of elect) you need to mine BTC now a days is insane. You can make money mining other crypto still like Eth,etc..
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      01-08-2021, 09:28 PM   #1077
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Originally Posted by Redd View Post
I normally don't chime in to these crypto threads cos there's just too many opinions and everyone is both right and wrong depending on what the price of BTC is.

But I will offer my opinion on mining as someone who bought in before the last FOMO, jumped into the mining FOMO, and survived the crypto winter.

Mining has got to be the biggest scam out there. Here's why:

1. Miners are priced based on the price of the coin it mines. When BTC price was high, miner prices were sky high. When it fell, miner prices also dropped. If this isn't enough to warn you off of mining, read on.

2. Your miner is obsolete the day it is launched. Manufacturers mine using their latest products before releasing it to public. When you buy the miner, the manufacturer has already enjoyed the best gains of the higher hash rate from their latest chips.

3. #2 means you are always using slightly older tech to compete against the hash power of the pools run by these miner manufacturers. So you're fighting for crumbs.

4. People always justify getting into mining by looking at high coin prices and forget that prices need to remain high in order for them to recover the cost of the miner and electricity. The moment prices fall - and it will fall - your ROI time frames go out the window. It got to the point it was cheaper to switch off my miners than to keep them running.

5. At the same time, hashing power of new miners keep going up. You wind up making fewer and fewer coins with your miners as time goes on, again impacting your ROI period.

6. All this is before we even get into the discussion of power consumption and noise. Modern miners consume 3000W of power or more. That's equivalent to running four 1HP airconditioners 24x7 everyday. Unless you have free power and cooling where you live you really need to take power consumption into your cost consideration.

You're better off taking the money you want to invest into mining, buying BTC and doing some trading with it. Faster and surer gains. Good luck.
Donít try to mine gold when you can sell shovels.
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      01-08-2021, 10:24 PM   #1078
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This is ridiculous, but a friend of mine owns 10,000 Dogecoins. Yes. Doge coins. Elon did say it's his favorite, but that's probably the fact that it's meme based.
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