Krenum
Fully [H]
- Joined
- Apr 29, 2005
- Messages
- 19,193
While I don't get into politics or give a rats ass what either side says or does, I do have to say that did make me laugh.
Then my job is done
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
While I don't get into politics or give a rats ass what either side says or does, I do have to say that did make me laugh.
As far as saying that it will "end badly" everything will end "badly" when given enough time in the universe to allow it to happen.
As an investor, I don't really follow Buffet's way of trading. His thinking isn't wrong. From his standpoint and following what he knows, it is a bad investment. The way he invests is by doing research, history, earnings, etc. He's a technical trader.
As far as saying that it will "end badly" everything will end "badly" when given enough time in the universe to allow it to happen. What I think he should say is you need to approach crypto currencies with caution and do a lot of research about them. For many, this won't be a get rich scheme and realize that you don't really make any profit until you cash your earnings. A lot of people I see go into mining to drop out once they hit ROI and get their money back - which will take a lot of months. You've got to have luck or a lot of capital to make a lot of money in it.
Now there's a lot of talk about nVidia dropping production of the 10 series to make way for Volta. Miners will soon be dropping their 10 series like a brick wall on the economy if the 11 series is better.
I don't think he was referring to entropy.
I have a 1080 ti system on craigslist in Kansas City ... just got an offer for $3,000. Might take it. Probably won't.
I know nothing about something so I am going to comment on it... cool.
Someone quick, phone up the Kardashians for thoughts on how to handle the USA/NK situation.
As an investor, I don't really follow Buffet's way of trading. His thinking isn't wrong. From his standpoint and following what he knows, it is a bad investment. The way he invests is by doing research, history, earnings, etc. He's a technical trader.
As far as saying that it will "end badly" everything will end "badly" when given enough time in the universe to allow it to happen. What I think he should say is you need to approach crypto currencies with caution and do a lot of research about them. For many, this won't be a get rich scheme and realize that you don't really make any profit until you cash your earnings. A lot of people I see go into mining to drop out once they hit ROI and get their money back - which will take a lot of months. You've got to have luck or a lot of capital to make a lot of money in it.
Now there's a lot of talk about nVidia dropping production of the 10 series to make way for Volta. Miners will soon be dropping their 10 series like a brick wall on the economy if the 11 series is better.
what is the worst that would happen if the bottom fell out of the crypto market?
Ironic thing is. There will come a time when the new money inflooding dries up. Right now everyone is winning cause of all the new blood. When the new money dries up, and the markets start pulling back everyone will lose...hard.
I've been making money... Not millions, but enough.... Mining is a fun hobby. I'm not out a thing if it goes belly up... $60 a day for two months from a small investment.
This kinda rings true...Bitcoin / Blockchain technology / Crypto doesn't need Warren Buffet or any of his old guard.
Hurry up and fall over, old man.
Your time is up.
- The Future
Ironic thing is. There will come a time when the new money inflooding dries up. Right now everyone is winning cause of all the new blood. When the new money dries up, and the markets start pulling back everyone will lose...hard.
what is the worst that would happen if the bottom fell out of the crypto market?
As an investor, I don't really follow Buffet's way of trading. His thinking isn't wrong. From his standpoint and following what he knows, it is a bad investment. The way he invests is by doing research, history, earnings, etc. He's a technical trader.
As far as saying that it will "end badly" everything will end "badly" when given enough time in the universe to allow it to happen. What I think he should say is you need to approach crypto currencies with caution and do a lot of research about them. For many, this won't be a get rich scheme and realize that you don't really make any profit until you cash your earnings. A lot of people I see go into mining to drop out once they hit ROI and get their money back - which will take a lot of months. You've got to have luck or a lot of capital to make a lot of money in it.
Now there's a lot of talk about nVidia dropping production of the 10 series to make way for Volta. Miners will soon be dropping their 10 series like a brick wall on the economy if the 11 series is better.
The crazy pumping and dumping started with thousands of short lived cryptocoins, grew a "cryptex" community which outgrew the shady little coins, and migrated to the more common coins. When enough people start to lose big on the "mainline" coins, there will be a different view of cryptocurrencies. At which point there will also be a paradigm shift since the protocol that manages the verification of transactions will actually be doing some good (useful processing), and not just wasting electricity on hashes.
The tone coming from chart traders will eventually change.
Same principal applies to our long established stock market, or housing market. Prices/value will not forever keep going up. Corrections or crashes over enough years or decades are inevitable. I bought my house in 2013 right after the bloodbath in the housing market was ending, not for investment purposes or anything, but seeing it's value nearly double in 5 short years is always a nice feeling, but at the end of the day I don't really care since it's primary function is a home :-p
The problem in this case is it's not viable for GPUs to do crypto anymore; you lose more in electricity then you gain. It's all massively ASIC based at this point.
The problem in this case is it's not viable for GPUs to do crypto anymore; you lose more in electricity then you gain. It's all massively ASIC based at this point.
Warren Buffet is worried that his money is old money. If the world migrates to cryptocurrency, suddenly dollars and euros could have less value. Personally, I love watching how this crypto thing is forcing people to ask what gives money value.
It is? Well shit.... Guess I should tell my 12 GPU's to stop mining.. That $60 a day income and $100/month power bill is losing me money...
/sarcasm
It isn't income until you cash out and crypto isn't that liquid. Some caution would seem prudent.
While I don't get into politics or give a rats ass what either side says or does, I do have to say that did make me laugh. Mostly what I thank is myself for my very early positions in XRP and XVG, those have been my big money makers
I had to quit XVG since the community is so darn toxic and immature
I have no trouble cashing out at all... None of my mining is to HODL...
I mine what I want to then send it to cryptopia and convert it to ether... From there straight to Coinbase and into my PayPal account... It's very easy.
Five steps to cash doesn't sound all that liquid but at least it sounds less aggravating than all the recent articles make it out to be.
Never underestimate stupid...
Warren Buffet is worried that his money is old money. If the world migrates to cryptocurrency, suddenly dollars and euros could have less value. Personally, I love watching how this crypto thing is forcing people to ask what gives money value.
Never underestimate stupid...
Do you mean that you are mining on a work computer or your computer at home you do a lot of work on?It really isn't bad... I mainly mine Ether on my one box and another coin on my work box. It's the other coins that require a little bit of work.