Posted on 02/08/2021 9:22:35 AM PST by bkopto
Not too shabby of an investment...Lol...congrats!
I bet there aren't many who've made that kind of return on a $1,000.
I got into mining BTC, and mined over a score before it became unprofitable to do so using GPU miners. I had two with four GPU cards each. So, I switched to mining LTC, and mined over 300 LTC.
Then ETH became more profitable to mine. Mined over 300 of those - and now that the value of ETH is up again, I'm thinking of putting my miners back online, but mostly I just trade on the exchanges now.
This was all done using about 6k of hardware and electrical power supplemented with solar. The heat generated went to heating a small greenhouse and supplementing home heating during the winter.
It's been fun, profitable, and those fresh salad vegetables during the winter were fantastic. The worst part was taxes, but now they have apps which do most of the tax accounting for you.
Have a look at MVIS.
The 52 week low was 15.3 cents. Currently, it’s $14.38.
Not tulip bulbs, but LIDAR.
“How does one purchase bitcoin? Is there an ETF route it?”
There are “bitcoin miners” stocks such as MARA and RIOT that are up much more than bitcoin. Also GBTC. MARA is up 33% just today! They are much easier to own and trade than BITCOINS.
Check them out.
Not for the kid they showcased on CBS This Morning, he took his life because of Robinhood.
https://www.entrepreneur.com/article/364066
LOL JPMorgan and their expert opinions for the muppets.
You're funny! You know the number, 21 million, but you can't look up the other? Are you one of those newbie paid "agents provocateurs" we've seen joining FR lately?
Just axing for my friend, 'curious George'...
Oh!
I almost forgot: https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/
I got in at .046 and am close to doubling. Curious to see where it ultimately lands.
Thank you. I’ll keep an eye on them.
>>Why are the little green slips of paper in your wallet worth anything?
Because you can use them to pay your taxes.
It should be Ponzicoin
There are a lot of traders on FR. I've traded for years mostly, as a hobby. i started with commodities, then stocks, and now crypto. I've had more success and less stress trading crypto.
Huffing glue
Coins can be carried off by any common thief. And if you wanted to make a large transaction such as buying a $100,000 car, how are you going to accomplish that with silver coins? Haul around a wheelbarrow? That's over 250lbs.
All forms of currency have their pros and cons. Bitcoin can't be stolen (if it's in your own wallet and not on some website) and it's easy to transfer $1 or $1 million. But it's not perfect either. Meanwhile, physical currency can be physically stolen. And it has to be physically present with you in order to use it. And if it's destroyed or lost in some way (e.g. natural disaster), you have no means of recovery. Credit/debit cards are convenient, but now all your purchases are tracked and there's a third party controlling whether you can spend anything.
Yes, because someone is willing to accept them for payment of a debt or in trade for something. So again, anything which is accepted for payment or trade has value.
I don’t know why anybody would want, for CURRENCY, a coin that can double in price, or drop 50%, in the course of a few weeks or months.
You could save up for a Tesla, and one bad piece of news the day before you purchase could cut your savings by 20%.
The goal of a good currency is stability, not inflation.
for the defined value of my labor or cocksucking in return for the REAL valueless paper I can at least use at my corner store for bubble gum or cigarettes.
Did I get that right ?
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