Current Events > Do you understand Bitcoin and cryptocurrency mining?

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EndOfDiscOne
12/04/18 1:20:37 PM
#1:


Be honest - Results (10 votes)
Yes it makes sense
40% (4 votes)
4
idgi
60% (6 votes)
6
I dont, I just want to make money off of it
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Squall28
12/04/18 1:22:31 PM
#2:


Ponzi scheme
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FL81
12/04/18 1:22:45 PM
#3:


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Lost_All_Senses
12/04/18 1:24:08 PM
#4:


Yup. Buy low, then when it gets high you can buy drugs and hire hitmen with it.
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1337toothbrush
12/04/18 1:41:31 PM
#5:


Yes, I understand that it's worthless shit that doesn't scale. Enjoy your garbage buttcoins which are plunging in "value".
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EndOfDiscOne
12/04/18 1:58:20 PM
#6:


1337toothbrush posted...
Yes, I understand that it's worthless shit that doesn't scale. Enjoy your garbage buttcoins which are plunging in "value".


Damn, guess I better sell
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EndOfDiscOne
12/04/18 4:07:05 PM
#7:


bump
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spudger
12/04/18 4:08:49 PM
#8:


Yes
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EndOfDiscOne
12/04/18 5:31:43 PM
#9:


TIL that Bitcoin mining rewards are halved every 4 years. People throw halving parties whenever this happens. Like, what even is this.

https://www.youtube.com/watch?v=T0IR8X-Qnqs" data-time="

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spudger
12/04/18 5:36:21 PM
#10:


parties sound dumb. but the halving usually increases the value as there is now less available coin to mine.

Litecoin is nearing its halving in 2019 I believe
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nevershine
12/04/18 5:38:19 PM
#11:


Nah Ive got better things to do
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EndOfDiscOne
12/04/18 5:38:47 PM
#12:


spudger posted...
parties sound dumb. but the halving usually increases the value as there is now less available coin to mine.

Litecoin is nearing its halving in 2019 I believe


So buy Litecoin before its halving in 2019? So far I only have Ethereum and am buying Bitcoin soon.
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EndOfDiscOne
12/05/18 12:21:22 PM
#13:


https://www.youtube.com/watch?v=XbZ8zDpX2Mg" data-time="

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Darkman124
12/05/18 12:22:24 PM
#14:


EndOfDiscOne posted...
So buy Litecoin before its halving in 2019? So far I only have Ethereum and am buying Bitcoin soon.

i would advise buying assets that have actual value for your investments
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emblem boy
12/05/18 12:25:17 PM
#15:


Don't really understand it. I'm just HODLing so I can get my lambo
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gguirao
12/05/18 12:43:18 PM
#16:


No.
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Serious Cat
12/07/18 4:02:52 AM
#17:


EndOfDiscOne posted...
https://www.youtube.com/watch?v=XbZ8zDpX2Mg" data-time="


It's not trending up and crashes are dropping the value more each time.

JvZ3ZzZ
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Galcian
12/07/18 4:16:34 AM
#18:


Serious Cat posted...
EndOfDiscOne posted...
https://www.youtube.com/watch?v=XbZ8zDpX2Mg" data-time="


It's not trending up and crashes are dropping the value more each time.

JvZ3ZzZ

https://coinmarketcap.com/

Wow it crashed today
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Serious Cat
12/07/18 5:05:55 AM
#19:


Galcian posted...
https://coinmarketcap.com/

Wow it crashed today

The problem with crypto in general is that people are looking too much into spikes and crashes and not looking at what it's doing overall. The joke in that YouTube video is supposed to be that it's silly not to buy bitcoin because it crashes when the price was really trending up.

The joke now should be that people are pointing to the spikes saying buy when each peak is less than the previous and each drop is dipping the price lower.

Squall28 posted...
Ponzi scheme

Not quite, but a good comparison I've seen is that it's similar to a currency based in trading MMORPG characters.
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