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Originally Posted By Layer60: I bought Ethereum and Litecoin and have doubled that value in 60 days. Just saying... View Quote Remember that windfalls shouldn't change your financial plans, only accelerate them. If anyone takes a big chunk of profits in the next few months, don't be dumb and blow it; instead get closer to your goals. Now back to ridiculous memes and jokes.... A compilation of everyone who thought Bitcoin was worthless |
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No one is coming. It's up to us.
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Originally Posted By felrom: Reminded me of something important, really... Remember that windfalls shouldn't change your financial plans, only accelerate them. If anyone takes a big chunk of profits in the next few months, don't be dumb and blow it; instead get closer to your goals. Now back to ridiculous memes and jokes.... https://www.youtube.com/watch?v=5Wbk4MR-gDA View Quote I agree completely. |
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I can't wait till a day before Christmas Eve the bottom falls out, again.
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Someone call Elon cause we're headed to the fuckin moon
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Remorse is for the dead
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As someone who's ridden through every high and low since 2010, in my opinion (and trading strategy), this has just barely begun. There's never been a time bitcoin has broken the ATH without at least going up 5x. Things might be different now with the amounts of institutional money involved, but I feel like 2x is still very achievable.
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Originally Posted By mb300sd: As someone who's ridden through every high and low since 2010, in my opinion (and trading strategy), this has just barely begun. There's never been a time bitcoin has broken the ATH without at least going up 5x. Things might be different now with the amounts of institutional money involved, but I feel like 2x is still very achievable. View Quote Agreed. We're once again in uncharted territory, this time driven by institutional money, so smart money. At some point sovereign wealth funds will get involved, and retail investors will eventually pile back in, most likely right at the next top. I expect to see 100k next year. |
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Originally Posted By Mr_Psmith: Great answer. And for completeness: 21 million BTC will not be achieved until the year 2140 The miner "reward" halves every so many years; currently the block reward is 6.25 BTC, which is "mined" approximately every 10 minutes. This is approx US$113,293 at current market price 1 / 100,000,000 of a bitcoin is called a Satoshi. References https://www.bitcoinblockhalf.com/ https://en.bitcoin.it/wiki/Help:FAQ View Quote That can’t be real. If it was possible to make over $600k/hour mining coins everyone would be doing it. All day everyday. |
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Originally Posted By Hamiltbl2: That can't be real. If it was possible to make over $600k/hour mining coins everyone would be doing it. All day everyday. View Quote View All Quotes View All Quotes Originally Posted By Hamiltbl2: Originally Posted By Mr_Psmith: Great answer. And for completeness: 21 million BTC will not be achieved until the year 2140 The miner "reward" halves every so many years; currently the block reward is 6.25 BTC, which is "mined" approximately every 10 minutes. This is approx US$113,293 at current market price 1 / 100,000,000 of a bitcoin is called a Satoshi. References https://www.bitcoinblockhalf.com/ https://en.bitcoin.it/wiki/Help:FAQ That can't be real. If it was possible to make over $600k/hour mining coins everyone would be doing it. All day everyday. It is real, but the reward is only hit by one computer during that time frame, so to have the best chances of hitting it you have to have lots and lots of processing power these days. There are giant complexes in china just mining bitcoin. They are doing it all day everyday. |
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Originally Posted By Hamiltbl2: That can’t be real. If it was possible to make over $600k/hour mining coins everyone would be doing it. All day everyday. View Quote You're fighting with every other person mining for a small share of that $600k. I used to be a pretty big miner and quit after the like 5th generation of my equipment went obsolete. Was projecting that I would barely make the cost of upgraded miners back. |
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Originally Posted By Hamiltbl2: That can't be real. If it was possible to make over $600k/hour mining coins everyone would be doing it. All day everyday. View Quote |
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Originally Posted By Hamiltbl2: That can’t be real. If it was possible to make over $600k/hour mining coins everyone would be doing it. All day everyday. View Quote View All Quotes View All Quotes Originally Posted By Hamiltbl2: Originally Posted By Mr_Psmith: Great answer. And for completeness: 21 million BTC will not be achieved until the year 2140 The miner "reward" halves every so many years; currently the block reward is 6.25 BTC, which is "mined" approximately every 10 minutes. This is approx US$113,293 at current market price 1 / 100,000,000 of a bitcoin is called a Satoshi. References https://www.bitcoinblockhalf.com/ https://en.bitcoin.it/wiki/Help:FAQ That can’t be real. If it was possible to make over $600k/hour mining coins everyone would be doing it. All day everyday. $600k/hour is the TOTAL pie for the entire mining network. There's thousands if not hundreds of thousands of people nibbling at that pie. The pie only gets bigger if bitcoin price goes up. The slices get smaller as more people try to mine. It also costs hardware and electricity to mine. Making money mining bitcoin is only possible if you have cheap or free electricity and the best hardware. People describe it as an arms race and that's a very accurate way to describe it. I don't think amateur bitcoin miners have a chance these days. |
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Originally Posted By woodsie: $600k/hour is the TOTAL pie for the entire mining network. There's thousands if not hundreds of thousands of people nibbling at that pie. The pie only gets bigger if bitcoin price goes up. The slices get smaller as more people try to mine. It also costs hardware and electricity to mine. Making money mining bitcoin is only possible if you have cheap or free electricity and the best hardware. People describe it as an arms race and that's a very accurate way to describe it. I don't think amateur bitcoin miners have a chance these days. View Quote |
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Taking a breather today, or onwards to the moon?
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No one is coming. It's up to us.
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22,613.74 right now -2.03 for the day.
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Originally Posted By felrom: Taking a breather today, or onwards to the moon? View Quote You best be ready for breathers because even the stunning bubble in 2017 had lots of month long breathers along the way. If this is the start of next bubble, which I think it probably is, it's not going to happen overnight. Attached File Tom Petty And The Heartbreakers - The Waiting (Official Music Video) |
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I looked through my transaction history the other night.
In Nov 2013, I bought .5 BTC for $365.13. At one time, I had a total of like 6, essentially just gambling on it. I've bought and sold over the past few years, a little here, a little there. I sure as hell wish I had those 6. I currently have about .22 BTC. A couple months ago, it was worth a it less than it is now. I'm going to hang on to it. |
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"Look at it this way...
They want to turn 75 million people into criminals. Who do they think will be the victims?" - alphabavo 12/10/2020 |
No one is coming. It's up to us.
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24k
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Originally Posted By Layer60: Originally Posted By AgeOne: I can't wait till a day before Christmas Eve the bottom falls out, again. Why? Winklevoss twins want to gobble up more btc at 3-4k per coin and so do I. |
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No one is coming. It's up to us.
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Originally Posted By CBags04: Not BTC per-se, but you can still mine alts and make money with commonly available hardware. View Quote Except the commonly available hardware is not really commonly available. Every GPU is getting scooped up if it's selling for a normal-ish price and the rest of them seem to be listed for insane prices on eBay and Amazon. I have been looking for a Red Devil 5700XT for about a month now and it's either the price is astronomical ($900 in some cases) or you can't get the thing into your cart and start the checkout process fast enough. I finally buckled and paid a little bit over normal price for one. My justification was I'm missing out on potential income by not having it and I would likely miss out on the price difference if I kept waiting. Now I am in the position where I need to decide if I want to cash out some of my coins to pay for another rig or if I want to sit on them and not expand. I'm leaning towards adding more rigs right now but I can't find GPUs that are reasonably priced. I expect them to stay hard to get for a few weeks after Christmas, maybe longer. |
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Please don't post pictures of severed dicks in a bag, even if you insist they have some culinary value. ~Subnet
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Bitcoin will make stonks look like child's play
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Originally Posted By baxt3r: Except the commonly available hardware is not really commonly available. Every GPU is getting scooped up if it's selling for a normal-ish price and the rest of them seem to be listed for insane prices on eBay and Amazon. I have been looking for a Red Devil 5700XT for about a month now and it's either the price is astronomical ($900 in some cases) or you can't get the thing into your cart and start the checkout process fast enough. I finally buckled and paid a little bit over normal price for one. My justification was I'm missing out on potential income by not having it and I would likely miss out on the price difference if I kept waiting. Now I am in the position where I need to decide if I want to cash out some of my coins to pay for another rig or if I want to sit on them and not expand. I'm leaning towards adding more rigs right now but I can't find GPUs that are reasonably priced. I expect them to stay hard to get for a few weeks after Christmas, maybe longer. View Quote |
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No one is coming. It's up to us.
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Originally Posted By felrom: I'm shocked that there's any margin left for a small guy mining on his own with hardware he sources himself. If crypto is going up fast enough, at what rate of increase would it just be better for you to sell your mining rig and invest the money straight into crypto now? View Quote View All Quotes View All Quotes Originally Posted By felrom: Originally Posted By baxt3r: Except the commonly available hardware is not really commonly available. Every GPU is getting scooped up if it's selling for a normal-ish price and the rest of them seem to be listed for insane prices on eBay and Amazon. I have been looking for a Red Devil 5700XT for about a month now and it's either the price is astronomical ($900 in some cases) or you can't get the thing into your cart and start the checkout process fast enough. I finally buckled and paid a little bit over normal price for one. My justification was I'm missing out on potential income by not having it and I would likely miss out on the price difference if I kept waiting. Now I am in the position where I need to decide if I want to cash out some of my coins to pay for another rig or if I want to sit on them and not expand. I'm leaning towards adding more rigs right now but I can't find GPUs that are reasonably priced. I expect them to stay hard to get for a few weeks after Christmas, maybe longer. Unless you have free power and/or just like a hobby that is pretty much the point it is at. It is usually better to just buy the dips than try to mine. There are always exceptions but you have to know what you are doing. |
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Just imagine what those retards who used bitcoin to pay for pizzas and stuff are thinking now.
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Originally Posted By cms81586: Just imagine what those retards who used bitcoin to pay for pizzas and stuff are thinking now. View Quote You've never paid $240,000,000 for 2 pizzas? Perhaps go be poor somewhere else. The question is, does the guy who received the 10k BTC for the pizzas still have them? Or what did he sell at? |
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Go ahead, keep investing in things you cant hold in your hands. When dickhead locks down the counry it's all going to zero.
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he, him,
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Originally Posted By MCREBELL: Go ahead, keep investing in things you cant hold in your hands. When dickhead locks down the counry it's all going to zero. View Quote That's not how any of this works. The dollar may go to zero but locking down the country means just the opposite for crypto. The current psuedo lockdown and subsequent weakening of the dollar is one of the reasons why we are at an ATH currently. Google Michael Saylor. |
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Originally Posted By Default-Gateway: Unless you have free power and/or just like a hobby that is pretty much the point it is at. It is usually better to just buy the dips than try to mine. There are always exceptions but you have to know what you are doing. View Quote I easily mined various alt coins for less than pennies on the dollar (ex turtlecoin). However they are still worth years later less than pennies on the dollar. |
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Originally Posted By Thorazine: I easily mined various alt coins for less than pennies on the dollar (ex turtlecoin). However they are still worth years later less than pennies on the dollar. View Quote View All Quotes View All Quotes Originally Posted By Thorazine: Originally Posted By Default-Gateway: Unless you have free power and/or just like a hobby that is pretty much the point it is at. It is usually better to just buy the dips than try to mine. There are always exceptions but you have to know what you are doing. I easily mined various alt coins for less than pennies on the dollar (ex turtlecoin). However they are still worth years later less than pennies on the dollar. exactly. |
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Subscribed to this thread.
Got an alert that you can buy crypto now directly from paypal when you login to it. Offered Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Never was much interested, but tossed a couple hundred bucks on it - will see where it goes lol |
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No one is coming. It's up to us.
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Look at me, look at me, I'm the captain now
OH, USA
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If crypto is tied to the dollar, then what happens when the dollar goes to shit?
Let’s be honest, it’s just a “stock” or security like Tesla. |
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Literal vampire pot bellied goblins.
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I am retarded for not buying a few hundred of these when they were a dollar
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i wish i was smart like you guys
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Looking for No forge code, square forge, forward assist upper, GX-5857 spec. IM me if you have one for sale.
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Serious question - if someone is just getting into the game now, knowing the going rate, how much should they look to invest for a casual hobby?
I have no plans to clean out my 401k to invest, but I could easily start throwing money I would otherwise spend on guns (which I couldn't replace the ammo I shoot from them). Is several hundred bucks a month "good enough" to see growth or would you need to be on the scale of thousands invested? |
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Originally Posted By woodsie: $600k/hour is the TOTAL pie for the entire mining network. There's thousands if not hundreds of thousands of people nibbling at that pie. The pie only gets bigger if bitcoin price goes up. The slices get smaller as more people try to mine. It also costs hardware and electricity to mine. Making money mining bitcoin is only possible if you have cheap or free electricity and the best hardware. People describe it as an arms race and that's a very accurate way to describe it. I don't think amateur bitcoin miners have a chance these days. View Quote nuclear powered bitcoin miners |
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Originally Posted By crashburnrepeat: I am retarded for not buying a few hundred of these when they were a dollar View Quote When I was in college back in 2013, this guy, he couldn’t be more than 19, he was really cool (he helped me figure out fafsa), talked about mining Bitcoin and he even gave a presentation on crypto. I wish I payed him more attention Oh well, I dusted off my miners about a month ago and I’ve been mining Ethereum and some NiceHash. I’m making a small profit after the electric bill. |
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I did some mining back in 2013. So much regret of selling out before now. Could of had 17+ BTC today if I held on. Alas, hind sight is 20/20. I'll just hold onto my .001 BTC until it hits $1M per BTC.
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Originally Posted By bigdog02: Serious question - if someone is just getting into the game now, knowing the going rate, how much should they look to invest for a casual hobby? I have no plans to clean out my 401k to invest, but I could easily start throwing money I would otherwise spend on guns (which I couldn't replace the ammo I shoot from them). Is several hundred bucks a month "good enough" to see growth or would you need to be on the scale of thousands invested? View Quote Why not just DCA like any other investment? You throw a lump sum at Bitcoin and it may be half the next day. Or double I haven’t “made” Lambo money yet but I have made new Audi A3 money* *subject to change at any second |
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