Originally Posted by blkgsr (Post 9036645)

hell i wish i bought more ADA at $1.60 last week lol

i was SLOW to getting into crypto and really on started in May (at the high point obviously) so since then i was buying them as they dropped and a good bit at the latest low point

here we go again, WISH I HAD done all this 4 years ago when i first tried but definitely a lot easier now do it then it was then.

Originally Posted by blkgsr (Post 9036623)

i have to tell my myself i have to stop staying "I wish i bought more at $x.xx"

i didn't so move on lol

either way, it's been an awesome week

XRP is another one getting pumped by the big guys on youtube....

trying to decide what to buy more of.

anyone into ZIL?

Originally Posted by blkgsr (Post 9036702)

is too late to start looking at mining?

any cards cheap enough or coins profitable enough to make it worth it?

Originally Posted by Razor Ramon HG (Post 9036727)

If you really wanted to mine, even buying the scalper non-LHR 3080s for like $2000 is probably worth it.

Profitability is around $8-9 a day right now. It'll take you around 8 months at current rate, less/more depending on price of cryptocurrency.

Say you mine for 3 months and BTC crashes back to $20,000 and profitability is slashed in half. You've still mined around $720 in crypto (assuming you've been selling on a regular basis) and your card is likely still to be worth at least MSRP if you want to get out.

Of course, you can also continue to mine at $4 a day although your timeframe to break even on the cost of the card will take you an additional 10 months.

Originally Posted by StylinRed (Post 9036906)

Doesn't matter if btc drops in January, eth will be shut off in january-ish

And the other coins raven/ergo won't be able to handle all that hashrate moving into them, so profitability will plummet way more than half until maybe a coin shoots up in value/space to handle that load

Plus the electricity costs, about 1-1.5weeks a month of mining will be to pay for that electricity use

So your calculations on roi will change significantly

Originally Posted by 68style (Post 9036975)

OF is banning its entire business model?

Talk about corporate suicide!

Originally Posted by SkinnyPupp (Post 9027449)

There's bitcoin and there's ethereum, and there's the shitcoins. Are you into shit? Is your friend?

People's main "issue" with crypto is "what's the value?" Well besides "people are willing to buy it right now". The value of bitcoin is that it can be used as a currency. You can currently go to stores online and off, and buy stuff with it like money. The value of ethereum is that you can use it to mine for bitcoin. I consider it kind of a semi-shitcoin. But there is some value, people are buying it with their bitcoin, so it's something.

Then there's the shitcoins. What's the value of doge? It's literally a joke.

https://pbs.twimg.com/media/E1Xk_xHVgAEyEmO.jpg
(btw he is selling this screenshot as an NFT)

But right now, people are buying it with the sole purpose of a pump and dump. It's literally all the bad thing normies think Bitcoin is LUL

And don't fall for Elon's pump attempts. He is playing the shitcoin market like a fiddle.

Originally Posted by $_$ (Post 9027346)

Highly recommend it for what though? I don't understand why people keep recommending shitcoins. ADA has been around since 2017 and has not shipped a single consumer facing DAPP. NOT EVEN ONE. I say this as someone that invested into it since 2017. At this point ADA is just a cult which keeps feeding the people koolaid. All the peer reviewed shit is bogus. Read "the infinite machine" about ETH's genesis and you'll understand just what kind of person Charles is and why he got kicked out of ETH.

For people that are trying to get into crypto, pick a chain/product that you can actually use. ETH is kind of pricing out a lot of people, but I'm building positions in $SOL because i think it can actually solve scaling issues at the layer 1 so that we can finally begin building more dapps on chain that's just not for the crypto elite.

Don't just speculate, actually use it if you want to understand the value proposition and the potential for disruption. A lot of the infrastructure is getting there