cryptocurrency

[DinoTriz2]

Originally Posted by White_knight [You must be logged in to view images. Log in or Register.]

In the 7-8 years bitcoin had been around and lots of people lost their money in it...I've probably passively increased my profile by 200k ontop of what I have going slow and steady.

Crypto is more volatile than penny stocks and it has introduced a lot of young people into the world of investing.

Of course there are people who lost their asses.

I'm one of them. But I learned from my mistakes and I'm doing just fine now.

If you're an avid investor, it's straight up foolish not to have at least some crypto.

[HippoNipple]

Originally Posted by White_knight [You must be logged in to view images. Log in or Register.]

Everything has value to someone.

"One man's trash is another mans treasure ."

Bitcoin is trash to me personally as I am a firm believer in stead, low risk ventures. Bitcoin represents irrational, highstakes gambling.

In the 7-8 years bitcoin had been around and lots of people lost their money in it...I've probably passively increased my profile by 200k ontop of what I have going slow and steady.

You can sell btc and invest in whatever you want. You might think General Electric is a trash company but no sane person would say they didnt want $200k worth of GE shares for free that they could sell tomorrow and do whatever they want with. The only people that lost money in btc are ones that invested between the fall of 2017 and spring of 2018. It is a window of 6 months and those were the only 6 months since they came out where the price was above what it is today.

[Wonkie]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

more cant be created.

lmao [You must be logged in to view images. Log in or Register.]

[DinoTriz2]

Originally Posted by Wonkie [You must be logged in to view images. Log in or Register.]

lmao [You must be logged in to view images. Log in or Register.]

The idea is that with every new block added to the chain, it becomes more and more difficult to solve, requiring more computing power.

At the point where there are 21 million Bitcoin around, mining will become pretty much impossible or at the very least expensive and not worth it.

[Wonkie]

Originally Posted by DinoTriz2 [You must be logged in to view images. Log in or Register.]

The idea is that with every new block added to the chain, it becomes more and more difficult to solve, requiring more computing power.

At the point where there are 21 million Bitcoin around, mining will become pretty much impossible or at the very least expensive and not worth it.

what about forks and ICOs?

"cant make more" hahaha

[DinoTriz2]

Originally Posted by Wonkie [You must be logged in to view images. Log in or Register.]

what about forks and ICOs?

"cant make more" hahaha

Well then that becomes a completely different currency.

Like the difference between USD and British pound.

[HippoNipple]

I don't even like Bitcoin as an investment but the comments and misunderstanding of how things work force me to defend it on here.

[Eslade]

Play stupid games, win stupid prizes.

[Dwarflord]

It stopped being viable for individuals to mine bitcoins i think 4 years ago as the power to coin ratio passed a certain point.

In the beginning it was good, i remember when it came out i was solo mining ( i think before pools ) and it said i found a block but it never actually went to my wallet

So that was it for me all i needed to see

[Tassador]

Just checked dogecoin. Looking real solid. Big moves this summer boys!!!