Napster
No ⭐
They’re good for seed moneySome talk that Chia will be set for growth in the medium term.
They’re good for seed moneySome talk that Chia will be set for growth in the medium term.
Can someone please explain what bitcoin mining is. Its a complete lack of understanding of how these currencies work that make xery weary.
Any idiot guides out there?
Google the tulip maniaCan someone please explain what bitcoin mining is. Its a complete lack of understanding of how these currencies work that make xery weary.
Any idiot guides out there?
you think crypto currencies are going the way of tulip mania? 4 years ago I would have said it was 50/50 but now I think it's almost impossible that some form of crypto or multiple cryptos aren't the future. They will see crashes and some will go to zero but some of these cryptos will go from strength to strength IMO. I think the tulip comparison is very lazy now to be honest, it isn't comparible.Google the tulip mania
you think crypto currencies are going the way of tulip mania? 4 years ago I would have said it was 50/50 but now I think it's almost impossible that some form of crypto or multiple cryptos aren't the future. They will see crashes and some will go to zero but some of these cryptos will go from strength to strength IMO. I think the tulip comparison is very lazy now to be honest, it isn't comparible.
I really don't know, I'd hope if it was that there would be protections against mass QE. It is a possibility, central governments are well behind the curve though.Do you think the central bank crypto coins will become the norm, rendering the 'private' coins obsolete and worthless?
With proof of work, yes. Proof of stake is a different matter, even ethereum is moving to proof of stake. Even the big bitcoin miners in North America have made commitments to use green energy in their mining. Argo blockchain the miner I have shares in are building a new mining facility in texas powered purely by hydro electricityThe environmental issues with block chain technologies are the big, possibly fatal problem
Are you HODL ingI'm deep in the rabbit-hole on Crypto. Wanted to buy in after a significant drop (as historically, there hasn't been two back-to-back) so I entered on May 18th. Whether I make a fortune or lose the lot, there's something very noble about investing. If you've been on the fence for a while, there is a series on YouTube where a chap called Robert Breedlove interviews Jeff Booth and this completely blew my mind. He poses some fantastic questions on inflation that made my head hurt! I've made a big investment, have purchased a Trezor and will now ignore the news (and particularly the FUD!) and check in on the value in 4 years time. I'm most heavily invested in Bitcoin, but I also purchased some ETH (mainly as a hedge), DOT, ADA, SOL & AAVE.
I'm deep in the rabbit-hole on Crypto. Wanted to buy in after a significant drop (as historically, there hasn't been two back-to-back) so I entered on May 18th. Whether I make a fortune or lose the lot, there's something very noble about investing. If you've been on the fence for a while, there is a series on YouTube where a chap called Robert Breedlove interviews Jeff Booth and this completely blew my mind. He poses some fantastic questions on inflation that made my head hurt! I've made a big investment, have purchased a Trezor and will now ignore the news (and particularly the FUD!) and check in on the value in 4 years time. I'm most heavily invested in Bitcoin, but I also purchased some ETH (mainly as a hedge), DOT, ADA, SOL & AAVE.
I think at any other point in our lifetime this would have been a safe bet. Gold has competition now though in the form of Bitcoin and if bitcoin continues its rise it will almost certainly put a dent in the market cap of gold. With most major governments committing to greener alternatives and the rise of EV Oil is no longer a safe long term bet either. We actually saw negative barrel prices last year as they were pumping the stuff and couldn't get rid of it. I think we could be seeing lithium and lithium mining take the space of the oil giants. I do think we are on the brink of exponential change.I agree on inflation but am going to head down the gold route. And oil.
All true although the negative price was a futures market anomaly at the start of lockdowns on top of the natural fall in the price. I think people don’t realise how much oil is used in everyday stuff apart from fuel. china India et al won’t be giving it up anytime soon and with the collapse in exploration I reckon we are on for at least one more multi year squeeze in prices as the cost of going green in natural resources becomes apparent .
bitcoin volatility is the real killer for trying to get in on that. Central banks in the developing world are loading up on gold . It’s the middle aged option ?
I have not heard of a single one of those crypto exchanges. Quite amazed that so many can actually make money, I wouldn't put my money into anything other than the big onesIn the UK the FCA has required crypto platforms to register to comply with money laundering rules...
Crypto: The basics
What is crypto? Crypto has grown rapidly in the last few years, accompanied by a surge in speculative trading – which means people trading just because they have heard it may rise in value, rather than seeing evidence to support a potential rise. Crypto can be thought of as ‘digital...www.fca.org.uk
Hundreds of firms have not complied and are operating illegally - can check them here. Surprised the FCA can list them on a website but not shut them down!
NewRegister
register.fca.org.uk