10-11-2021, 12:05
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#61
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Just a Geek
Join Date: Jul 2015
Posts: 4,141
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Re: Bitcoin
Quote:
Originally Posted by SnoopZ
Send his tip offs to me!  |
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: 4,141
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Re: Bitcoin
Quote:
Originally Posted by Carth
Chasing the end of that rainbow gets progressively more expensive |
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: 4,141
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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: 68
Services: Premiere Collection
Posts: 43,460
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Re: Bitcoin
So people just "create" another type of Cryptocurrency - 7000+ so far…
https://www.statista.com/statistics/...-coins-tokens/
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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: 4,141
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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
Cable Forum Team
Join Date: Jun 2006
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Re: Bitcoin
Speculation rarely ends well for the majority of those who put money into it...
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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: 4,141
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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
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
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Re: Bitcoin
Presumably they have made it out of other peoples money (ie losses).
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 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: 4,141
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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: 68
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Posts: 43,460
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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…
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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: 4,141
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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
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Re: Bitcoin
You cant make something out of nothing ? Possibly.
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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: 4,141
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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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