10-11-2021, 12:05
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#61
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Just a Geek
Join Date: Jul 2015
Posts: 3,602
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Re: Bitcoin
Quote:
Originally Posted by SnoopZ
Send his tip offs to me!
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he is spending 30K on a monitored mining rig with 8 3090s then intends to build more. The only way to buy bulk 3090s appears to be by buying complete towers
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10-11-2021, 12:36
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#62
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cf.mega poster
Join Date: Jul 2004
Location: At the Leaving door
Posts: 4,050
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Re: Bitcoin
Chasing the end of that rainbow gets progressively more expensive
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10-11-2021, 12:48
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#63
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Just a Geek
Join Date: Jul 2015
Posts: 3,602
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Re: Bitcoin
Quote:
Originally Posted by Carth
Chasing the end of that rainbow gets progressively more expensive
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it will pay for itself in 6 to 8 months. But you are right of course and there is always the chance it all collapses
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10-11-2021, 12:58
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#64
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cf.mega poster
Join Date: Jul 2004
Location: At the Leaving door
Posts: 4,050
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Re: Bitcoin
What happens if everyone jumps on the bandwagon and 90% of the country (or world) own £100 million in bitcoin . . does it suddenly become worthless?
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10-11-2021, 13:15
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#65
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Just a Geek
Join Date: Jul 2015
Posts: 3,602
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Re: Bitcoin
Quote:
Originally Posted by Carth
What happens if everyone jumps on the bandwagon and 90% of the country (or world) own £100 million in bitcoin . . does it suddenly become worthless?
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Bitcoin in itself is pretty much all owned and only really traded in. Not a lot being mined now and as far as I am aware very little left in the pool
Ethereum is the coin of choice at the mo but that only has about a year in its current form from what I am told
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10-11-2021, 14:02
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#66
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,116
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Re: Bitcoin
So people just "create" another type of Cryptocurrency - 7000+ so far…
https://www.statista.com/statistics/...-coins-tokens/
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
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10-11-2021, 15:10
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#67
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Just a Geek
Join Date: Jul 2015
Posts: 3,602
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Re: Bitcoin
exclusive premium statistic but I know you are right. The game is finding the next big one and getting in early
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10-11-2021, 16:40
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#68
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laeva recumbens anguis
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Join Date: Jun 2006
Age: 67
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Re: Bitcoin
Speculation rarely ends well for the majority of those who put money into it...
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
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10-11-2021, 16:56
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#69
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Just a Geek
Join Date: Jul 2015
Posts: 3,602
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Re: Bitcoin
Quote:
Originally Posted by Hugh
Speculation rarely ends well for the majority of those who put money into it...
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no but a lot of people have made a hell of a lot of money essentially out of nothing
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10-11-2021, 17:51
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#70
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Dr Pepper Addict
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Join Date: Oct 2003
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Posts: 27,757
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Re: Bitcoin
Presumably they have made it out of other peoples money (ie losses).
__________________
Baby, I was born this way.
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10-11-2021, 17:55
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#71
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Just a Geek
Join Date: Jul 2015
Posts: 3,602
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Re: Bitcoin
Quote:
Originally Posted by Paul
Presumably they have made it out of other peoples money (ie losses).
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guess it is no different to any financial market
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10-11-2021, 17:58
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#72
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,116
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Re: Bitcoin
Quote:
Originally Posted by Jaymoss
no but a lot of people have made a hell of a lot of money essentially out of nothing
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If you can’t see what’s wrong with that statement…
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
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10-11-2021, 18:11
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#73
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Just a Geek
Join Date: Jul 2015
Posts: 3,602
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Re: Bitcoin
Quote:
Originally Posted by Hugh
If you can’t see what’s wrong with that statement…
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I am a simple man with nothing between my lines so I would appreciate an end to your sentence.
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10-11-2021, 18:53
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#74
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
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Posts: 27,757
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Re: Bitcoin
You cant make something out of nothing ? Possibly.
__________________
Baby, I was born this way.
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10-11-2021, 18:56
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#75
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Just a Geek
Join Date: Jul 2015
Posts: 3,602
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Re: Bitcoin
Quote:
Originally Posted by Paul
You cant make something out of nothing ? Possibly.
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But isn't that exactly what crypto is? an idea artificial essentially nothing.
---------- Post added at 18:56 ---------- Previous post was at 18:56 ----------
https://www.ssense.com/en-us/editori...cryptocurrency
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