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Crypto investments22-04-2021 02:17
Xadoman
★★★☆☆
(479)
Who is in and what is your "make it" car. I have put in around 1800 dollars and hope some of the coins will make it. My "make it " car is audi q7 v12 diesel which has 368 kw( ca 500 hp) and 1000Nm of torque and could be bought around 25 k.
So far some of the coins have made quite well. Some have not. The best has been fox finance which went from 180 dollars to 660 and then I swapped half of it to safemoon and lifeline. Today I checked it again and the fox finance was at 1400 dollars. I swapped ca 1000 from it into hungry bear and 300 to moon token. As you can see some of those coins could 10X or even 20x in short time.
If the hungry bear 20x then I will get my car. If some of those 100x or even 1000x then I get a lot more than a car.
Edited on 22-04-2021 02:20
22-04-2021 04:04
HarveyH55Profile picture★★★★★
(3400)
I never really got the appeal of cryptocurrency, other than doing away with physical currency. The 'value' seems to be on how many people choose to invest in each coin. Early on, there were few choices to gamble on, so the growth was consistently high, for those willing. Now, there are a lot of people creating coins, and a lot of ways to buy, sell, and spend. It's gotten more like investing in the stock market. It'll likely go through a lot of the same manipulations and frauds, that made some people filthy rich, while destroying others. Obviously, as people move their money from on coin, to the newest, looking for huge profit, the older coins will lose value. Initially, not a big loss, since most gain value, and the owner is really losing the money they invested, just some of the growth. When the value drops down, past what people paid in, it create a rush to dump. Those who are quick enough, stand to loose big.

I haven't gotten into crypto enough, to know who, or how, coins are created. Seems like it's pretty much anybody can make their own coin. There have always been bogus stocks, created, sold, investors totally screwed. With crypto, seems pretty hard to run down the people who took the money, and ran off with it.
22-04-2021 05:06
Xadoman
★★★☆☆
(479)
Harvey and James, you should hop on the train. Gamble a little with shitcoins. One guy whose channel I started to watch made a 500 dollars to 20 k challance for april. He made it in 14 days. It was pure luck this time because at first it did not go very well but then he got lucky with hungry bear which he thought he sold but he did not. He wanted to sell it because it dropped for a while but then it went up 20X. I almost bought the same coins like he did but I did not bought hungry bear. Fox finance did quite good for me, but I did not take out the money but invested further ( into hungry bear, safemoon and moon token). Now I discovered a new token called Laika. It is quite new, a few day old and I went in with some of my safemoon ( around 180 dollars). I am going to probably buy more of it if I got a chance. It is an early coin and could make 1000x if all goes well. Imagine putting only 100 dollars into and in the end you left with 100k.
Here is the channel I watched and could have made 40k if I would have sticked to his plan. He went in 500, I went in 1000 but I did not bought hungry bear which eventually made the profit.
https://www.youtube.com/watch?v=U01vweQ65LA&ab_channel=DeFiDom

He is going to make another challange - 10 k to 500k soon.
Edited on 22-04-2021 05:08
22-04-2021 05:20
Xadoman
★★★☆☆
(479)
I haven't gotten into crypto enough, to know who, or how, coins are created


Those coins pop up like crazy these days. Most of those shitcoins are hype coins. If the hype is over the the price would drop and people would hop on to a new coin. I myself just want to make money out of those coins. I do not care how they are created as long as they are not complete scams called rug pulls. Most hype coins play the charity game these days and donate some of the money.
Edited on 22-04-2021 05:21
22-04-2021 21:52
HarveyH55Profile picture★★★★★
(3400)
The best I can figure, is the value, is from how much people invest. People have to buy the hype, to buy in, and stay in. Like you, most are looking for the be payout, and keep changing coins, with what new, or doing the best. Someone, gets rich of transaction fees... They also probably get some control, by how timely, the process the transactions.

I'm not really a gambling man, prefer investing things that I can own. Crypto, seems you only own an account number, somebody else has complete control over the money you deposit/invest.
22-04-2021 22:06
SwanProfile picture★★★☆☆
(569)
Xadoman wrote:
Who is in and what is your "make it" car. I have put in around 1800 dollars and hope some of the coins will make it. My "make it " car is audi q7 v12 diesel which has 368 kw( ca 500 hp) and 1000Nm of torque and could be bought around 25 k.
So far some of the coins have made quite well. Some have not. The best has been fox finance which went from 180 dollars to 660 and then I swapped half of it to safemoon and lifeline. Today I checked it again and the fox finance was at 1400 dollars. I swapped ca 1000 from it into hungry bear and 300 to moon token. As you can see some of those coins could 10X or even 20x in short time.
If the hungry bear 20x then I will get my car. If some of those 100x or even 1000x then I get a lot more than a car.


You are going to lose everything
22-04-2021 23:02
IBdaMannProfile picture★★★★★
(9190)
Swan wrote:
Xadoman wrote:Who is in and what is your "make it" car. I have put in around 1800 dollars and hope some of the coins will make it. My "make it " car is audi q7 v12 diesel which has 368 kw( ca 500 hp) and 1000Nm of torque and could be bought around 25 k.
So far some of the coins have made quite well. Some have not. The best has been fox finance which went from 180 dollars to 660 and then I swapped half of it to safemoon and lifeline. Today I checked it again and the fox finance was at 1400 dollars. I swapped ca 1000 from it into hungry bear and 300 to moon token. As you can see some of those coins could 10X or even 20x in short time.
If the hungry bear 20x then I will get my car. If some of those 100x or even 1000x then I get a lot more than a car.
You are going to lose everything

Swan is absolutely correct. Xadoman, if your investment strategy is simply to gamble, you are guaranteed to lose everything.

Xadoman wrote: Harvey and James, you should hop on the train. Gamble a little with shitcoins. One guy whose channel I started to watch made a 500 dollars to 20 k challance for april. He made it in 14 days. It was pure luck this time because at first it did not go very well but then he got lucky with hungry bear which he thought he sold but he did not. He wanted to sell it because it dropped for a while but then it went up 20X.

Harvey and James, you should hop on the train. Gamble a little with roulette in Vegas. One guy whose table I started to watch turned 500 dollars into 20k right before my very own eyes. He made it in 14 minutes. It was pure luck this time because at first it did not go very well but then he got lucky with a bet on #26 which he thought he had dropped on #29 but he did not. He wanted to put it on #29 because February 9th is his birthday and did not want #26 because it just wasn't coming up but then he accidentally won 36X.

... i.e. you're going to lose everything.

Oh, my "Made it!" car is a Ford Escape. It's all I need. I have plenty of money to buy a more expensive car that I don't need, but I will instead be shuttling that money to my children and will let them decide what kind of cars they want.

22-04-2021 23:26
gfm7175Profile picture★★★★★
(2107)
My "made it" cars are a 2011 Toyota RAV4 and a 2007 Lincoln Town Car.
23-04-2021 08:52
Xadoman
★★★☆☆
(479)
Swan is absolutely correct. Xadoman, if your investment strategy is simply to gamble, you are guaranteed to lose everything.


Maybe, but chances are good that some of those picket coins could make it. And this is not like gambling in the casino where you lose all your money that you put in. In crypto you do not have to sell if the price goes down. It could go up again in the future but in casino what is lost it is lost forever. That is why I never go to casino.
Also I think crypto is the only way for poor people like me to get rich. Simply saving money or investing into stocks would not make it for poor people.

Harvey and James, you should hop on the train. Gamble a little with...


Throwing a grand in to learn a little bit about crypto world is worth it. It is not going to be the end of the world if you lose that money.
23-04-2021 18:11
IBdaMannProfile picture★★★★★
(9190)
Xadoman wrote:
Swan is absolutely correct. Xadoman, if your investment strategy is simply to gamble, you are guaranteed to lose everything.
Maybe, but chances are good that some of those picket coins could make it.

Why would the relative certainty of some cryptocurrencies having steep near-term gains motivate any rational adult to eagerly go out and lose everything?

Xadoman wrote: And this is not like gambling in the casino

I guess you missed my facetious illustration of how it is exactly the same as gambling in a casino. Gambling is gambling. It doesn't matter whether you call your agent a "bookie" or a "broker." You can always point to the handful of people who made a load of $$ while making no mention of the masses walking around without their shirts.

Xadoman wrote: ... where you lose all your money that you put in.

It doesn't matter where you do your gambling or in what form, you can lose as much money as you wish. One does not have to lose everything. One can gamble away 30% ... or 2% ... or whatever percentage.

Xadoman wrote: In crypto you do not have to sell if the price goes down.

In Vegas, they let you keep playing blackjack even if you lose a hand. The slot machine accepts your money even if you didn't win on the previous spin. The roulette dealer allows your to place bets even if you are having a losing night. Vegas never demands that you cash-in your chips. In fact, they encourage you to keep gambling with everything you have.

Xadoman wrote: It could go up again in the future but in casino what is lost it is lost forever.

In Vegas, you can always possibly win on the next hand/spin; not so with a currency that has lost the faith of the market.

Xadoman wrote: That is why I never go to casino.

... and should be why you never gamble your money away on cryptocurrencies.

It sounds like you simply find that gambling with cryptocurrencies to be very exciting and you are inviting all of us to join you at that particular casino.

Xadoman wrote: Also I think crypto is the only way for poor people like me to get rich.

Oh, so it's a valid, legitimate get-rich-quick system. Why didn't you just say so in the first place?

Xadoman wrote:Simply saving money or investing into stocks would not make it for poor people.

I think this is where Swan kicks in with another reminder about his Google shares and Apple splitting ... or vice versa or something like that.

Swan, now is the time to jump in with your refrain.

Xadoman wrote:Throwing a grand in to learn a little bit about crypto world is worth it.

That's what all poor people tell me.

23-04-2021 19:49
Xadoman
★★★☆☆
(479)
I guess you missed my facetious illustration of how it is exactly the same as gambling in a casino. Gambling is gambling.


Gambling in the casino could be profitable but you have to be genius. An average guy will left with empty hands. Gambling in the bullish cryptomarket does not need great smartness. You only have to hop on the train early and sell if you got your 2x, 3x ect. If you take out your initial investment, then the further game is already on the house s money.

Oh, so it's a valid, legitimate get-rich-quick system. Why didn't you just say so in the first place?


What else it should be? I do not understand the technology. I think most people , sheep, do not understand it. Sheep are never going to understand the technology because they lack the intelligence to understand it. For example I bought a rubic s cube a long time ago to fiddle with it just for fun. I tried to solve it but I simply could not solve it even if I tried hard many weeks. I simply gave up and I only fiddle with it just for fun some times but I do not try to solve it anymore. I have read about the guy who spent 26 years to solve the cube and eventually he made it. Quite a fun story about that guy:
https://gizmodo.com/man-solves-rubiks-cube-after-26-years-of-trying-weeps-5129307
I cannot tell you what a relief it was to finally solve it,' the 45-year-old from Portchester, Hampshire, said. 'It has driven me mad over the years – it felt like it had taken over my life. I have missed important events to stay in and solve it and I would lie awake at night thinking about it.

'I have had wrist and back problems from spending hours on it but it was all worth it. When I clicked that last bit into place and each face was a solid color, I wept.'


As you can see, I do not want to be that guy who spends 26 year to understand the technology of the cryptocurrencies. I simply want to make quick cash out of it.

In Vegas, you can always possibly win on the next hand/spin; not so with a currency that has lost the faith of the market.


In casino you always have to throw in more money. A dead coin could rise from the dust.

and should be why you never gamble your money away on cryptocurrencies.

It sounds like you simply find that gambling with cryptocurrencies to be very exciting and you are inviting all of us to join you at that particular casino.


Are you seriously telling me that you have not bought anything? Even bitcoin?
23-04-2021 20:34
IBdaMannProfile picture★★★★★
(9190)
Xadoman wrote:Are you seriously telling me that you have not bought anything? Even bitcoin?

Well, I have been trying to deliver my message with some good old-fashioned ribbing instead of grim seriousness but yes, I am telling you that I have never purchased BITCOIN. I don't gamble.

If I purchase a currency, I do so because I need that currency to buy something. Speculating on a currency is high-risk gambling and overall is a loser's proposition.

23-04-2021 20:54
Xadoman
★★★☆☆
(479)
I am telling you that I have never purchased BITCOIN. I don't gamble.


Do you own bitcoin?

Also ,the number of bitcoins that are ever going to be mined is only 21 million. Imagine if crypto goes mainstream. It already has quite a bit but it is still early. Billions of people suddenly want a piece of the bitcoin. People are going to fight over satoshis( The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain.[1] It is a one hundred millionth of a single bitcoin (0.00000001 BTC)).

Putting money into the bitcoin is basically a no brainer. I myself have only bought very little because( 50euros that has rised already to 70 euros) I wanted to test how to buy on kraken. I need quicker gains therefore I jumped into the shitcoins.
Edited on 23-04-2021 21:05
23-04-2021 21:33
Xadoman
★★★☆☆
(479)
Today was actually quite a bit of crash in crypto markets. Turns out that our friend Biden wants to tax the hell out of the capital cains. Supposedly the plan is to rise the tax from 20 to 40%.
23-04-2021 21:57
IBdaMannProfile picture★★★★★
(9190)
Xadoman wrote:Today was actually quite a bit of crash in crypto markets. Turns out that our friend Biden wants to tax the hell out of the capital cains. Supposedly the plan is to rise the tax from 20 to 40%.

In the United States, it doesn't matter what the President wants anymore than what you want.

Congress makes the laws.

Yes, Congress is controlled by Democrats and they want to tax all the wealth out of everything until capitalism is destroyed.

Enjoy!

24-04-2021 09:27
Xadoman
★★★☆☆
(479)
Yesterday was a big dip in crypto. Perfect time to bought but I had no money to spend because I had already maxed out my credit card. I bought bonfire a couple of days ago for 500, I just holded and watched how the price went down big time while a couple of whales took out hundreds of thousand of dollars. Today the chart is fortunately in green and I am quite hopeful that this coin could 100x from here because the coin is only 6 days old. James and Harvey , are you already in? You can play it safe by taking out the initial investment+ a littlebit of profit when the price goes up 3x and after that the game is already on the house s money.
Edited on 24-04-2021 09:30
24-04-2021 10:14
Xadoman
★★★☆☆
(479)
Someone, gets rich of transaction fees...


Those new hype coins distribute part of the transaction fees to the holders. Your bag is slowly growing bigger and bigger with each and every transaction being made. It seems to me that this way holding is rewarded.
24-04-2021 21:57
HarveyH55Profile picture★★★★★
(3400)
I have no ambitions to get in on crypto, or much of anything else. It's something to watch carefully, wonder and worry, pick the best time to get out. Stock values have been manipulated, since the beginning, part of the appeal of selling shares. Long as people don't get excessively greedy, or commit fraud, few investors complain, just part of the game. Cypto seems to be based entirely on how many people park their wealth, with that coin. More people buying in, raise the value, more people pulling out, lowers the value. An individual, or small group, could move a controlling share, around, and make a sizable change in value. But the key, is the 'follow-me' investors. They see their shares falling, they tend to pull out, and switch to the ones growing fast. This amplifies the effect, a few people started. Those that started the rush, can simply pull out of that coin, and buy back into the ones people left, again buying low. Just sitting in one coin, and watching it cycle, might be a good strategy, if you can get a sense of timing. Pull out on the rise, before it takes the expected dive. It can start any time, and end in a day. I don't see watching numbers all day, waiting for the right time to move. Probably computer programs, that can do it for you, or the hardcore gamblers in the game. Mostly though, to get rich, you have to dedicate a lot of time and focus on the goal. Then, you have to spend a lot of your time, protecting, and holding on to your riches. You buy a fancy, new car, there will people who are going to want your car. It's also an advertisement. You have the means to buy that fancy car, you probably have other nice things worth stealing. The price of owning, enjoying nice things... I'm happy with what I have, the function, not so much the appearance. I can have nice things, and do pretty much what I want, without attracting unwanted attention.
25-04-2021 00:27
Xadoman
★★★☆☆
(479)
Harvey, I understand you quite well. You have everything well sorted out in your life and you are happy with what you have. I also do not care much about fancy staff. The car I talk about is actually quite ugly and old but it has an engine that is a masterpiece of engineering. Thanks to the co2 scam they do not do this kind of engines anymore. I like the power of the engine and the 4wd system. Here is a little video of a v10 tdi vw touareg which has 230 kw:
https://www.youtube.com/watch?v=k62gW3Se5e0&ab_channel=fastgolfr32
Here the touareg helps out a big truck:
https://www.youtube.com/watch?v=m-euienUbKY&ab_channel=KristianKitanov
Here it tows a boing 747:

https://www.youtube.com/watch?v=WmM-635RR6o&t=215s&ab_channel=FifthGear
Edited on 25-04-2021 00:28
25-04-2021 10:04
Xadoman
★★★☆☆
(479)
IbdaMann, you are a computer guy. Could you explain me about mining. I just discovered some youtube videos of people who are mining helium with a 350-400 dollar device. They say it approximately makes you around 50 dollars a day. So in a week you already have paid for the device and after that you are going to make good passive income. The question is if I live in a place where there are no other devices nearby , can I still make money out of this device. Does it still mines something or does it need a network of other devices around it?
Edited on 25-04-2021 10:05
25-04-2021 15:33
Xadoman
★★★☆☆
(479)
https://www.reddit.com/r/SafeMoon/comments/my41z8/safemoon_to_the_moooon_3/

That made me LOL. I have only 170 dollars( rised to around 700 now) in and I intend to buy more if I get a chance.

https://twitter.com/ZBG_Exchange/status/1385989415940419589?s=20

Dear http://ZBG.com users and
@safemoon
lovers:

In order to better improve your experience, we are enhancing the deployment of our servers now, thus delaying the trading time.
25-04-2021 15:55
Xadoman
★★★☆☆
(479)
They say that you should not invest more than you are willing to lose:

https://www.reddit.com/r/BonfireToken/comments/my5gbz/****_it_all_in/

That must have been you with the 76k usd.


6 days old, I went in with 500 ( currently dropped to around 300) dollars.
25-04-2021 17:50
HarveyH55Profile picture★★★★★
(3400)
Xadoman wrote:
IbdaMann, you are a computer guy. Could you explain me about mining. I just discovered some youtube videos of people who are mining helium with a 350-400 dollar device. They say it approximately makes you around 50 dollars a day. So in a week you already have paid for the device and after that you are going to make good passive income. The question is if I live in a place where there are no other devices nearby , can I still make money out of this device. Does it still mines something or does it need a network of other devices around it?


The more powerful the computer, the more productive the results. It's hooked to the internet, so that connection can effect your mining as well. You can buy, possible download free software, and use what you've got. On Hackaday.com, they have articles frequently, mostly about minimal computers, like microcontroller-based, single-board. Or re-purposing old equipment. Probably a good place to find out how it really works, rather from sites trying to sell you on their products to mine with. I don't do more than scan through an occasional article though, not really something I'm too interested in, but they have slow days...

A mining rig can be pretty cheap, minimal, but won't be as productive. You need the software, and internet connection, and a 'wallet', to store the coin you successfully mined. I haven't gone into the details, but since you are already in, you have 'wallet'. Is there a fee to set up a 'Wallet'? From 'The Savior' threads, apparently, you need a separate wallet, for each type coin. Not sure if there is a transaction fee, to deposit your mined coins. This has never been more of than just a curiosity to me, and I don't tend to focus on all the details.
25-04-2021 18:44
Xadoman
★★★☆☆
(479)
Harvey, they use some kind of special miner that gives out radio signal. The better the antenna , the more you get. But overall the machine takes only around 20 watts. I just also found out that it might be too late to the party. People have been buying like crazy those machines because they think it is a money generating device. Hundreds of thousands of machines are ordered and if they all go up than the reward is distributed among all of them then it seems to me that then the profits will go down heavily. Currently there are supposedly only 30000 hot spots and mining is very profitable. If you live in well populated area and have others nearby then you could make on average 5 helium a day which would be at current price 45 dollars. In 10 days you would be at break even, after that free money. But it seems to me that it is too late for the party. The coin also halves in 1.august, which means that the rewards will go down 2 times.
https://explorer.helium.com/
Edited on 25-04-2021 19:09
25-04-2021 19:31
IBdaMannProfile picture★★★★★
(9190)
Xadoman wrote:They say that you should not invest more than you are willing to lose:


You should not gamble more than you are willing to lose/gift. You should invest all that you can.

The key is understanding what "investing" means. While there is risk in everything, investing is not gambling.

25-04-2021 19:32
Xadoman
★★★☆☆
(479)
Is there a fee to set up a 'Wallet'? From 'The Savior' threads, apparently, you need a separate wallet, for each type coin. Not sure if there is a transaction fee, to deposit your mined coins. This has never been more of than just a curiosity to me, and I don't tend to focus on all the details.


Unfortunately I do not know much about the wallets. I use binance to purchase bnb and send it to metamask( creating an account does not cost anything). I hold them there. If I go to pancakeswap and connect it with metamask, then I can swap all the coins with each other that are not listed on bigger exchanges. If some of those coins make it then I can swap it back into bnb and send it back into binance and cash out from there to my bank account. I know that there are many kind of wallets out there and also cold wallets to store large amounts to be absolutely safe. As much as I understand , only cold wallets are absolutely safe from hacking.
25-04-2021 19:40
Xadoman
★★★☆☆
(479)
IBdaMann wrote:
Xadoman wrote:They say that you should not invest more than you are willing to lose:


You should not gamble more than you are willing to lose/gift. You should invest all that you can.

The key is understanding what "investing" means. While there is risk in everything, investing is not gambling.



Crypto is a high risk high reward investment. You have not answered, do you own bitcoin? I think you have probably mined it.
Edited on 25-04-2021 20:22
25-04-2021 22:30
IBdaMannProfile picture★★★★★
(9190)
Xadoman wrote:Crypto is a high risk high reward investment.

Nope. It is not an investment. Gambling on crypto is gambling.

Look up "speculation." Speculation is gambling, not investing.

IBdaMann wrote:The key is understanding what "investing" means.

Allow me to reiterate, the key is understanding what "investing" means. You think it means gambling. You are mistaken.

Xadoman wrote:You have not answered, do you own bitcoin?

I have answered your question. I do not gamble. I do not speculate on Bitcoin or any other currency.

25-04-2021 22:54
IBdaMannProfile picture★★★★★
(9190)
Xadoman wrote: If I go to pancakeswap and connect it with metamask, then I can swap all the coins with each other that are not listed on bigger exchanges. If some of those coins make it then I can swap it back into bnb and send it back into binance and cash out from there to my bank account.

Please realize that you have no idea what underlies all of those currencies and any exchange in its entirety could vanish tomorrow for all you know.

People who speculate on soybean futures do so understanding the actual soybean market that underlies the futures contracts.

People who speculate on shares of a particular company do so understanding the particular company behind its shares.

You, however, have no idea what, if anything, underlies those currencies and they could all burst in an instant like the dot.com bubble ... without any warning ... without you being any wiser as to how they even existed in the first place.

... and you insist on calling it an "investment." You really need to rethink your entire approach and then start performing some heavy research before you continue on your current vector.

26-04-2021 02:10
HarveyH55Profile picture★★★★★
(3400)
Xadoman wrote:
Harvey, they use some kind of special miner that gives out radio signal. The better the antenna , the more you get. But overall the machine takes only around 20 watts. I just also found out that it might be too late to the party. People have been buying like crazy those machines because they think it is a money generating device. Hundreds of thousands of machines are ordered and if they all go up than the reward is distributed among all of them then it seems to me that then the profits will go down heavily. Currently there are supposedly only 30000 hot spots and mining is very profitable. If you live in well populated area and have others nearby then you could make on average 5 helium a day which would be at current price 45 dollars. In 10 days you would be at break even, after that free money. But it seems to me that it is too late for the party. The coin also halves in 1.august, which means that the rewards will go down 2 times.
https://explorer.helium.com/


The mining I describe, has been around for some time. Your radio device is something new. Should matter where on earth you mine, as long as you have an internet connection. Your machine uses Wi-Fi hotspots, which is radio waves. I'll take a look at your link later, but it kind of goes against everything I've been reading about mining over the years.
26-04-2021 02:15
HarveyH55Profile picture★★★★★
(3400)
Wasn't a link to the mining machine, just the coin stats... I'm more interested in electronics, than coins...
26-04-2021 13:13
Xadoman
★★★☆☆
(479)
HarveyH55 wrote:
Wasn't a link to the mining machine, just the coin stats... I'm more interested in electronics, than coins...


https://www.helium.com/mine

Scroll down there a little bit and you can see the miner. Only needs 20 watts of power to operate. The problem is if you want to buy then you have to wait a lot of time. Hundreds of thousands of clients have ordered those miners, some have ordered dozens or more of them.
26-04-2021 13:13
Xadoman
★★★☆☆
(479)
HarveyH55 wrote:
Wasn't a link to the mining machine, just the coin stats... I'm more interested in electronics, than coins...


https://www.helium.com/mine

I lied . They only need 5 watts on power.
Edited on 26-04-2021 13:15
26-04-2021 13:25
Xadoman
★★★☆☆
(479)
I have answered your question. I do not gamble. I do not speculate on Bitcoin or any other currency.


But you own it and hold it. You said you have not purchased it but that does not mean you have not mined it. I think it is a good strategy to simply hold bitcoin. It can only go up. There are only 21 millions of coins ever being made. There are more millionaires in the world than those coins. Just think about that.
26-04-2021 13:31
Xadoman
★★★☆☆
(479)
About helium mining:

https://www.youtube.com/watch?v=NH-s3blUcDs&ab_channel=JimmyisPromo
26-04-2021 22:19
Into the NightProfile picture★★★★★
(15559)
Xadoman wrote:
I have answered your question. I do not gamble. I do not speculate on Bitcoin or any other currency.


But you own it and hold it. You said you have not purchased it but that does not mean you have not mined it. I think it is a good strategy to simply hold bitcoin. It can only go up. There are only 21 millions of coins ever being made. There are more millionaires in the world than those coins. Just think about that.

Bitcoin and any other digital currency can easily go to ZERO value.
All it takes is one glorious hack and it's all over.

That can happen today, tomorrow, next week, or 10 years from now.

I can go up OR it can go down, even to ZERO value.

You are gambling.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit

nuclear powered ships do not require nuclear fuel. - Swan
26-04-2021 23:38
Xadoman
★★★☆☆
(479)
That can happen today, tomorrow, next week, or 10 years from now.


or never
26-04-2021 23:41
James___
★★★★★
(4523)
Into the Night wrote:
Xadoman wrote:
I have answered your question. I do not gamble. I do not speculate on Bitcoin or any other currency.


But you own it and hold it. You said you have not purchased it but that does not mean you have not mined it. I think it is a good strategy to simply hold bitcoin. It can only go up. There are only 21 millions of coins ever being made. There are more millionaires in the world than those coins. Just think about that.

Bitcoin and any other digital currency can easily go to ZERO value.
All it takes is one glorious hack and it's all over.

That can happen today, tomorrow, next week, or 10 years from now.

I can go up OR it can go down, even to ZERO value.

You are gambling.



What most people fail to understand is that it's basically a Ponzi scheme. At the same time, probably a great way to launder money from illegal enterprises.
27-04-2021 02:21
IBdaMannProfile picture★★★★★
(9190)


James___ wrote: What most people fail to understand is that it's basically a Ponzi scheme.

It's not a Ponzi scheme. A Ponzi scheme is something specific. Those who buy coins are not then paid by other people's purchase of coins.

It is simply gambling. If you are familiar with how games and slots work at casinos then you understand how speculating on cryptocurrencies works.

James___ wrote: At the same time, probably a great way to launder money from illegal enterprises.

Possibly but normally no. The money has to already be laundered in order to buy into a cryptocurrency otherwise the money used to buy coins could just as easily be placed into a bank account.

Money laundering most often occurs where cash payments are made, like paying construction crews. Illegally obtained (dirty) cash is used to pay construction workers who build buildings which are then sold and or rented ... and the money used to purchase or rent the buildings is clean, making it laundered at that point. Another great way to launder dirty cash is to own a convenience store by which the owner is expected to make large cash deposits into bank accounts without drawing scrutiny. On a day that business is slow, the owner acts as though business has been exceptional and drops a ton of cash into an account at which point the money is then laundered.


A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
27-04-2021 03:08
James___
★★★★★
(4523)
IBdaMann wrote:


James___ wrote: What most people fail to understand is that it's basically a Ponzi scheme.

It's not a Ponzi scheme. A Ponzi scheme is something specific. Those who buy coins are not then paid by other people's purchase of coins.



It is people buying coins that increase their value. Their value is not associated with any constant market valuation. Who limits the availability of crypto coins?
Please don't say the care taker.
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