Well then don’t invest. Good grief I don’t get this hatred for crypto. I made some money on dogecoin because I put in like 20 bucks when it was less than a penny.
I'm a bit shocked that GPU mining has managed to become a thing again.
That and how much value old cards have gotten. I just dug out my old card and once I test and make sure it hasn't gone bad in the drawer, it's gotten to the point it's worth close to as much as what I spent on the replacement. Despite being an antique.
You'd had to have ignored skyrocketing graphics card prices then. I hate crypto and the people who are involved with it, because they fucked with a good thing.
I made some money on dogecoin because I put in like 20 bucks when it was less than a penny.
Oh well then if you're happy then clearly there aren't any negative side effects.
Not saying there aren’t problems with it but I have some close friends who rail against it all the time. I’m no expert, I have a little invested in it along with other stocks
Yeah, you were saying that actually. You said "good grief I don't get this hatred for crypto".
So do you, or don't you? I hate it for a number of reasons, chief of which is that unless I want to shell out 300% of SRP I can't get anything bigger than a 1070 anymore. All because the crypto rodents won't stop chasing after dozens of get rich quick schemes.
Oh ok I can see that being a problem. My budget for investing at the moment is like 50 a month until I clear some debts so I don’t know much about issues like that. I have access to the info so I’ll read up more. I have noticed a lot of ppl thinking they will become millionaires overnight now.
Proof-of-work cryptocurrency is backed by the destruction of wealth. Not wealth held in escrow like the gold standard, but taking something valuable and converting it into waste. A normal payment processor uses a thousand times less resources per transaction and will only become more efficient as technology becomes ever more optimised, while proof-of-work scales the difficulty of processing a transaction to counteract such improvements.
The fact that you have to "destroy" something valuable to make BTC is a good thing. It gives it inherent value as anyone who created one values the BTC more than the energy and hardware required to create it.
The people mining Bitcoin don't do it because they value Bitcoin, they do it because you value Bitcoin. They're not going to buy your Bitcoins off you - they're already earning their own Bitcoins which they need to sell for other stuff.
No it doesn't. If I break into your home and shit in your bed, it's something that required me to destroy your window or your door as well as said bed, but that doesn't make shit it inherently valuable, because it's shit in a bed.
Everyone will tell you what you should and shouldn't invest in so I can only give you my opinion. Disclaimer: this is not financial advice.
Other than bitcoin and etherium, just for being the biggest and most well known, I'd look at privacy coins and coins with functional use outside of a currency. In my case I have monero and cardano.
I barely know enough about crypto but is etherium worth it? I don’t need mega millions just something I could maybe help get a down payment of a not piece of shit house
Well then don’t invest. Good grief I don’t get this hatred for crypto. I made some money on dogecoin because I put in like 20 bucks when it was less than a penny.
I never hated it untill I couldn't get a new GPU for a reasonable price
Tell me about it, I've been living in dread of my GPU going kaput for about a year...I'm not looking forward to onboard graphics.
I'm a bit shocked that GPU mining has managed to become a thing again.
That and how much value old cards have gotten. I just dug out my old card and once I test and make sure it hasn't gone bad in the drawer, it's gotten to the point it's worth close to as much as what I spent on the replacement. Despite being an antique.
I can't decide which is worse, the ASIC wars or the GPU shortages...
nevermind, I can.
You'd had to have ignored skyrocketing graphics card prices then. I hate crypto and the people who are involved with it, because they fucked with a good thing.
Oh well then if you're happy then clearly there aren't any negative side effects.
Up yours.
What a dumb comment you don't know what I play and I hate anime
Not saying there aren’t problems with it but I have some close friends who rail against it all the time. I’m no expert, I have a little invested in it along with other stocks
Yeah, you were saying that actually. You said "good grief I don't get this hatred for crypto".
So do you, or don't you? I hate it for a number of reasons, chief of which is that unless I want to shell out 300% of SRP I can't get anything bigger than a 1070 anymore. All because the crypto rodents won't stop chasing after dozens of get rich quick schemes.
Oh ok I can see that being a problem. My budget for investing at the moment is like 50 a month until I clear some debts so I don’t know much about issues like that. I have access to the info so I’ll read up more. I have noticed a lot of ppl thinking they will become millionaires overnight now.
Proof-of-work cryptocurrency is backed by the destruction of wealth. Not wealth held in escrow like the gold standard, but taking something valuable and converting it into waste. A normal payment processor uses a thousand times less resources per transaction and will only become more efficient as technology becomes ever more optimised, while proof-of-work scales the difficulty of processing a transaction to counteract such improvements.
The fact that you have to "destroy" something valuable to make BTC is a good thing. It gives it inherent value as anyone who created one values the BTC more than the energy and hardware required to create it.
The people mining Bitcoin don't do it because they value Bitcoin, they do it because you value Bitcoin. They're not going to buy your Bitcoins off you - they're already earning their own Bitcoins which they need to sell for other stuff.
No it doesn't. If I break into your home and shit in your bed, it's something that required me to destroy your window or your door as well as said bed, but that doesn't make shit it inherently valuable, because it's shit in a bed.
I have money in gold/silver but I figured lit wouldn’t hurt to throw a little in different crypto coins. Thanks for breaking this down for me
Everyone will tell you what you should and shouldn't invest in so I can only give you my opinion. Disclaimer: this is not financial advice.
Other than bitcoin and etherium, just for being the biggest and most well known, I'd look at privacy coins and coins with functional use outside of a currency. In my case I have monero and cardano.
Cool! Thanks. I have learned with stocks that in some respects it’s a guessing game and being able to read trends.
I barely know enough about crypto but is etherium worth it? I don’t need mega millions just something I could maybe help get a down payment of a not piece of shit house