As everyone knows, the Chinese government has banned cryptocurrency exchanges, and now it has banned mining. The entire market has undergone many changes due to policy reasons.In fact, you should not pay too much attention to the policies of the Chinese government, because since the cryptocurrency exchanges moved out of China, the influence of the Chinese government on cryptocurrencies has become very limited.
You may not know that the Chinese government has proposed no real estate speculation for ten years, but the housing prices in big cities are getting higher and higher, and even restricting purchases and sales is useless.In China’s cryptocurrency circle, everyone silently regards the government’s cryptocurrency policy as a joke.Of course, this is probably just the dealer using China’s bad policy to suppress the price of cryptocurrency in order to get more and cheaper chips.
How about U speak some chinese? Where do you live in China? I really want to know. R U city boy or farm boy? U have family still in the villages? U ABC or CBC? Everybody I know here in Asia plays crypto, its like the only way to 'get rich' pre/post covid, as the shutdown, aka lockdown killed most biz, so people just use laptops to mine ETH rather than high-power bitmains to mine BTC, so what? I see here that my ETH rigs are down 50% in the past 2-3 weeks, because so many ppl have started using their laptops to mine gpu coins. China given that it controls +90% of all crypto on earth, isn't going to kill this golden-goose, what they're going to do is make it harder for idiots to squander family treasure. The problem with crypto is China is morons get in debt, lose their money, and destroy their family's. Thus the GOV has to get involved to protect morons from themselves. Just like highway guardrails in the USA, they're to keep morons on the road. Lot's of billionaires in china because of crypto, and these are the future ccp king-pins, if anything they'll use the USA Mafia model, and use GOV to take out the competition selectively, which is why in the USA all the big political partys came from crime familys. Biden is total CIA-Mob enforcer, just like JFK got rich from prostitution & prohibition. Clinton's got rich running cocaine for CIA in the 1980's, as Arkansas Gov, paid his way to the POTUS There is no 'ban' of crypto, just re-arranging the deck chairs on the titanic as always. CCP already has Jack-Ma under house arrest, but I think that is cover for 'personal protection', aka kidnapping; CCP made Ma a member several years ago of the CCP Tech-Task force, so he's an insider; But he still controls +90% of all Crypto infrastructure on earth, IMHO the CIA want him dead, or they want to kidnap him, so that's why IMHO Jack Ma is laying low. Crypto CBDC is already live from HK to Thailand, and quickly expanding as to remove the USD as trade for Asia ( includes Russia, Iran ); Jack Ma's infrastructure will be used to deploy the new Yuan CBDC, bitcoin will be long forgotten once its value goes to near zero, as the USD will also go to zero taking btc with it, all the CCP has to do is tell the Chinese people that bitcoin came from NSA and they'll drop it like a shit-sandwiche in a nano-second. Just like the COVID deal where USA was creating super-viruses to attack Han Chinese in Wuhan, and it got out, the first thing CCP did was kill all the leaders of that agency for being compromised by CIA; Then they just sat back let the US/Israel reset plan backfire; Like always CCP aka China is not in a hurry, there is no hurry, USA is destroying itself, just like its mother Israel. The thing right now is in the past 30 years all the wealth in the entire world has been transferred to ASIA, where people buy Gold, in the future people in Asia will be just fine. So long as real wealth can be obtained from the west to buy more gold, then the crypto scam will be allowed to flourish. That's all you got to know.
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The FBI managed to retrieve most of the $4.4 million cryptocurrency ransom payment in Colonial Pipeline hack.
Can they also confiscate YOUR crypto funds if they wanted to?? The reason these rumors are spreading is because the FBI was able to identify the encrypted key in which the hackers demanded money. First of all you need to understand is that they are investigating these hackers for the past one year and following their pattern on how they are moving the coins and i am sure the hackers were using any exchange address initially and the FBI might have got access through that way. Every 'terrorist' group we know about on earth, had FBI moles, informants on the inside, usually instigating the operation, and they wait for a low-news day to release the 'grab'; They operate very slow, build cases for years; Grab the money before they even announce the bust. Even the online-drug-guy was busted because he was befriended by an FBI agent that got his email (gmail led to real-id), these 'hacker groups' are even worse as they usually all hang out in the same forums, or chat groups, or usenets, or even darkwebs; ... This OP is bullshit, because essentially unless your in criminal behavior, its not likely the FBI will target U, however the way exchanges work, they can 'taint' your coin on suspicion based on the fact that your coin might have been mixed at sometime in the past, sort of like cocaine on currency, or being at the wrong place at the wrong time. Once the exchanges locks your btc by association, your screwed, time to hire an expensive lawyer, and watch real money evaporate. BTC IMHO hacking means to crack the private-key, and/or randomly exploit the hash160 public address to obtain the private-key, then sweep the funds, that kind of hacking takes place all over the world since the birth of bitcoin. Then there is scams, where people have trojan horse websites that say "Give me your priv-key, and I'll return 2x", and tons of morons fall for that, its not hacking its scamming. |
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Everything you need to know: https://twitter.com/adam3us/status/1402179970277982210I must admit, it's a bit worrying to see so many people talking about this subject. It just shows how most of the community is just here for the money and has no clue about how bitcoin actually works. Hey I got an idea Gandolph, you give me your public-key (n*G), and your address of your cold-wallet ( h160 format), and let's see how long it takes me to 'hack' your btc. Ok? Deal? If your so damn confident that your BTC are 'safe', then you should have no fear of sharing these 'public datapoints' with me. |
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Now it is difficult to call Bitcoin a safe-haven asset. But I assume that will be the case in the future. So it's better to keep holding a little bit of bitcoin.
Is an intangible a safe haven, is btc 'real' like real-estate, these are debates only left for morons. Is something that just showed up 10 years ago, and could evaporate in the next 5 years really 'safe', IMHO we seriously need to define the word 'safe'. 'Safe Haven' is in regards to ships during storm, long ago a 'safe haven' was a place you could anchor a ship to weather out a storm. Since SHTF has't transpired to date in btc's short ephemeral life, since the last SHTF was 2007, in which btc did not exist, nobody has a damn idea how btc will weather the next storm. Just because resident moron's on this site say's BTC is safe, doesn't make it so. Safety like 'safe havens' are time tested, known-knowns. The entire goal of the rich is to keep their wealth, since BTC can go to zero, its not exactly a safe place, a high probability to go down, and low probability to rise, is a fools 'investment'. |
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For me the most efficient card right now is the Rx 5700 xt with 55 Mhsh at 115 watt which is the best for the moment and it does not require a PSU larger than 1000 watt for 6 cards which gives you about 330 Mhsh of power.The RTX 3070 if found at less than 1800 EUR is another great option for efficiency speaking and not consuming a lot at 60-63 Mhsh for 160 watt.
The best for the moment in power is RTX 3090 with 120 Mhsh per card.
Ur in a dive bar, and a drunk say's "If u can have any woman tonight, who would it be", you reply, there is only one gal in this bar,same-same with GPU today, all there is for sale is used shit that has been mined to death sold on EBAY for 500x, please just admit that this OP is a joke right? In two years the GPU card will be worthless, until then just stay away, many of us bought 5+ years ago, and just don't care about the current scammer scalpers running the meat-space. Last summer I was buying rtx-3070 rigs at $250/card ( prices paid here in Asia ), now they're $2k card on amazon, whats a mother to do? Just keep mining and enjoy the show. |
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[ Right now today, mining HDD 20TB generates $4.64 / day, so you do the the math, today 20TB is two 10tb drives at $500 USD, so its comparable to gtx-1070 mining. Ref Chia on Hpool]
Let's see what kind of profit will be with a 20 TB hard drive in 1 month. I think less than 2 dollars, and in a month more probably less than 1 dollar. Profit on video cards does not fall so much. If you managed to buy hard drives cheaply, that is very good, but I think it is wrong to buy them now at such inflated prices. Dude its $3.20 today, so your $2 will be tomorrow, but this is not the point of PoC, like Buterin says "Some of us really don't care about money" Profit ETH on Rtx-3070 was $5/day two weeks ago, today its $2, next week $1, its all going to be same-same. |
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I think HDD mining is shit and it does not depend on what coin is mining. It was just overprofit time. Everything brings money - DeFi, NFT, HDD. Some time later we`ll forget it all i think.
OK get it GARTH, but think about this We got PoS, Poc, and PoW, now we all know PoW has its flaws, ... so we just need to have a PoC that works, and that isn't 108GB for one plot, WHat we know so far is a dozen shit-coins have brought out PoC,and with CHIA backed by WD, it was all designed to kill HW, and make HDD into the new GPU, well it worked a $100 HDD is now $1k, so now we can all say F*CK*U to WD, & Samsung. The thing is that PoW, is clearly a dead-end, so we need to find an egalitarian ( NON POS - proof of snake ) system, in order to stay with Satoshi vision of 'be ur own bank' |
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This is not the first time China has bans related to currencies. In 2017, Beijing banned domestic cryptocurrency exchanges and initial coin offerings (ICOs). At that time, China accounted for 90% of all global Bitcoin transactions. However, this ban does not prevent individual investors from buying currencies through foreign exchanges. On the other hand, they ban bitcoin but try to create digital yuan for central bank to issue. They are simply unique and they want to control everything.
They don't want poor stupid people to lose all their money. Its one thing to gamble 10% of your life savings on bitcoin gamble, but its another to borrow and make debt, and spend 100% of your familys wealth on crypto habit disease gambling. Almost all crypto traders lose 100% in the first 90 days of trading, the GOV is just trying to minimize the human misery that comes from bitcoin insanity. The system is designed for house-win, 'coinbase', or 'binance' all require that you make 10% profit on all trades just to break even, since the house charge 5% in&out of every trade. In the real world a trader would be happy with 3% to keep on a trade, but in the crypto world, most people just churn their accounts to zero in a short time and walk away broke. Now in the West this is seen as an opportunity for scammers to get rich quick, but in ASIA this is seen as a criminal endeavor. |
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Seems to me that the Great Firewall of China is doing it's work again but again like the Great Firewall of China, I am pretty sure that people are still going to be able to bypass the wall no matter what. That's pretty strange though, they don't have any browsers that is popular in a Western Country, can't they use it?
Let's see India & China have a billion people, and USA has 300M, but most live in the urban gutters There are 1,000's of sites in China, most chinese do online shopping ,ppl in China don't even use paper money anymore, its all done with mobile phones. "Great Firewall" is just a clever NYT moniker to call the blocking of USA propaganda in China, In the other direction, the Chinese with a market of one billion people don't even bother with ENGLISH, so there are no sites, used in say USA, that are chinese, well of course everybody in USA shops on alibaba.com for electronics & stuff. But the JackMa had originally lived in Calif, so he knew english. Trump tried to 'ban' tik-tok the most popular photo-site in china, so it does happen in the other direction, But like i said earlier, google has been banned in China since the 1990's, and yahoo; Gmail is banned, its all because the CCP doesn't want the NSA-CIA spying on its people. Of course USA people don't use chinese software, because its not in english, but GOOGLE has spent billions of dollars supporting all languages on earth, because google is NSA, and they want to spy on everybody on the earth. The problem here is the west is dumb, and china ain't dumb. |
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The Lack of ZERO Acknowledgment that bitcoin has deficiency's just shows Confirmation bias is strong on this thread. The ability to NOT to see both sides of the argument is a symptom of Confirmation bias. The Road to a stronger Bitcoin is to admit the shortcomings. Currently most are to wrapped up in their own self interest to improve upon Bitcoin. The Acknowledgment Bitcoin is flawed and fixing it could improve every single Bitcoin users self interest. Would require everyone admit the flaws. Most are incapable of admitting negative narratives that involve their own arrived upon thought constructs. Doomed to cycle through repeated failure. Break the cycle. Fix Bitcoin
When a mans salary is dependent upon his blindness, never expect him to see.
Been this way forever, nada going to change. Besides, how do you tell a hairlip or a moron he's defective, when in fact like the confirmation bias on this site shows all are hairlip, all are moron, the sub 2-digit IQ rules this forum. Why would you expect the moron to ever see the light? I would even go farther to suggest everything on this site is just bots, generated for favorable bitcoin sentiment. The only time active management engages this site, is when btc goes into a price free-fall, but at time like this where btc just bounces day to day in a zone, they pretty much off gloves. The only time I ever get banned is when I post "BTC down 90% capitalization in month" Even simple 2+2=4 arguments can't be made on this site, even the technical site, is same-same, all are morons, every once in awhile they'll send out a 'clever bot' with 'legendary status' to say something, then all the other bots change direction. But in general this site is a hamster wheel, and whatever you do or say, come back tomorrow and it will be the same-same bile being regurgitated, like HODL or FUD. ... Here's the problem the entire BTC narrative is based on 100% lies, ... so its endless defense; Because in order to keep the system running, you must have new bots daily flush out the arguments against the lies, you must make the good people tired and just go away, and then of course you must feed&nurture the morons to HODL. The funniest thing of all is that almost all this is owned by China, but they can't be blamed because this site refuses to even discuss China. |
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So you are basically an invalidating POS that doesn't even consider the climb of bitcoin from 1$ to 30k$ a success? That's a pretty high standard for a nobody like you don't you think?
POS is an oligarchs wet dream, why are the morons advocating, returning to a feudal-system? POW is U own your own bank POS is the rich, the people with the most BTC make the rules, why in the hell are the morons pushing poS? Oh, yep that's right, the majority of bots on this site are paid to push POS, on the behalf of their owners. Same as always serfs defending their owners, this is like slaves defending the plantation owners. ... OP correct title "As an Irrational Bot, I don't see how I can contribute to my Goals as a Paid Influencer" |
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Why does Eastern government always want to have everything under their control?? The sooner they come to terms with bitcoin being an assets that was never meant to be under the control of one entity the better for everyone.
Err, duhhhh WHy does the NSA want to know when chinese ppl use the toilet? Been this way since the 1990's internet 1.0, given that internet came out of DOD US-MIL, why in the hell would the CCP let the NSA-CIA know more about their people than they do? How about same-same, how about everybody in USA run Chinese spy-ware? PPL in USA have come to accept that amazon, google, facebook are NSA owned and spy on them, but in CHINA, its a different approach, rather than warn, they just block, in the USA they let you download CP ,then they kick your door in, in China they never let you find the CP in the first place. Different approach, the USA approach is driven by the prison industry, to maximize arrests of dissendents, while the ASIAN approach is people are essentially good until contaminated, while in the WEST everybody is a prisoner of the system. ... NOW WRT to BTC, given that BTC was created by NSA, why in the hell would the CCP want the NSA to control 'money' in ASIA? R U DUMB? |
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 Definitely better than desktop GPU for ETH. Ergo it gives about 162MH/S. Have to test on other algos yet. I hope you are aware of the risk you are taking.The temperature I read is 73 degree celsius and if you keep mining during all day then the lifespan of your laptop will be a lot shorter than the predicted one.The laptops are not really made to mine although lately many people use them to do so.If you are only testing how mining looks to then build a desktop for mining that is great otherwise as I said you are taking great risks with you. BINGO this was what I thought, I run my rtx-3070's at 60C; I get about 52MH, I don't over-clock, they cost me $250 each last summer, now they cost $2k are not replaceable, I sure as hell ain't going to kill them. Anybody that runs on a enclose laptop, that isn't submersive liquid cooled is nutz, laptops can't dissipate the heat, I'm surprised this thing isn't running above 90c Go for it dude, over-clock, and don't come crying when you destroy your brand new laptop. What kills GPUS? Dirt, lint, dust, & heat. Over-Clocking is heat, frequency is proportional to energy, I run my RTX-3070's at no more than 100Watts, think about that, I would never run my GPU's above 120 watts, that is death; Never run sustained about 70C, I have all my miners on hard shutdown at 72C. I run my GTX-1070 at 80watts, and my gtx-1060's at 60 watts, and I get full MH. Heat kills Gpus. I quit 'mining' on laptop Nvidia gpus some 6+ years ago. Overheating, not designed for sustained mining, just gaming. |
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I like Proof-of-Capacity, but it has big problems, some might know, but on HPOOL some 20% of all submitted plots are fake, it turns out that in all the rush to main-net, nobody gave it a thought that people might generate 'fake plots' to the pools, which is another reason probably that chia-dev has drag their arse on the subject of pools, they probably knew this would be the outcome, remember the only goal of chia-dev (SV) is the IPO, as all other wealth stays in CHINA, with the chinese billionaires investors who funded chia post 2020.
STOP talking about POOLS there is only one pool HPOOL, that got the lead, because its all a scam, the chia-dev in USA(SV) say solo-mine, in ASIA everybody uses HPOOL and has earned a ton of xch, the west has a big zero, you think this wasn't all planned.
The HPOOL sw is solid like a rock, never seen a bug, the chia-net dev sw is shit, u think this wasn't all planned?
Bait&Switch folks.
All the paid influencers on YT, are paid by Western-Digital drives manufacturing and SAMSUNG, but guess what, all the drives on earth are made in ASIA.
The west has gotten the shaft, and the morons eat the feces of the YT influencers.
...
I bought lots of 16TB drives for $200 each months ago, today they're over $500, and 18tb drives are going for over $1k USD, so I'm not biting this bullshit, I'm done, in time I will re-deploy my plots to a better PoC coin, as I think chia is shit, and will implode.
[ Right now today, mining HDD 20TB generates $4.64 / day, so you do the the math, today 20TB is two 10tb drives at $500 USD, so its comparable to gtx-1070 mining. Ref Chia on Hpool]
bitcoinhd BitcoinHDBHD
burstcoin BurstCoinBURST
litecoinhd LitecoinHDLHD
diskcoin DiskcoinDISC
hddcash HDD.CashHDD
xrphd XRPHDXHD
mass MassMASS
chia ChiaXCH
arweave Arweave
Take you pic from the list above ( mining pool hdd ), chia has the highest price, but most of the stuff is abandoned projects, e.g. the code has been left to die on github. IMHO CHIA will fork, that will be the next great PoC coin, and it will be ran out of ASIA, and not the west, the west will stay for mr-bittorrent porn king; Asia will run with classic-chia, and SV will push chia-porn-plots
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Anyways I am still curious about chia because it is new and more fun compared to gpu mining, if you like building computers that is. I have a build ready to switch on when pools arrive... errm if they arrive, as you say, rules change and change.
CHIA aint' fun, but its different, this is why I got into chia, some 4+ months ago, I can't buy GPU's, and I live in ASIA, so I wanted to expand my hobby, and I saw chia a new way to grow my crypto 'farm' I would prefer GPUS as I can use them for sci computation, and lots of cool stuff, having 1000TB of disk-space, is not something I really can deploy. I have no choice, I can't buy GPU's, and I will not pay $2,000 for a $200 rtx-3070, that's right last summer I was paying $200 for brand-new RTX-3070's here in ASIA, and now they're asking $2,000 USD. HELL NO STOP talking about POOLS there is only one pool HPOOL, that got the lead, because its all a scam, the chia-dev in USA(SV) say solo-mine, in ASIA everybody uses HPOOL and has earned a ton of xch, the west has a big zero, you think this wasn't all planned. The HPOOL sw is solid like a rock, never seen a bug, the chia-net dev sw is shit, u think this wasn't all planned? Bait&Switch folks. All the paid influencers on YT, are paid by Western-Digital drives manufacturing and SAMSUNG, but guess what, all the drives on earth are made in ASIA. The west has gotten the shaft, and the morons eat the feces of the YT influencers. ... I bought lots of 16TB drives for $200 each months ago, today they're over $500, and 18tb drives are going for over $1k USD, so I'm not biting this bullshit, I'm done, in time I will re-deploy my plots to a better PoC coin, as I think chia is shit, and will implode. bitcoinhd BitcoinHDBHD burstcoin BurstCoinBURST litecoinhd LitecoinHDLHD diskcoin DiskcoinDISC hddcash HDD.CashHDD xrphd XRPHDXHD mass MassMASS chia ChiaXCH arweave Arweave Take you pic from the list above ( mining pool hdd ), chia has the highest price, but most of the stuff is abandoned projects, e.g. the code has been left to die on github. IMHO CHIA will fork, that will be the next great PoC coin, and it will be ran out of ASIA, and not the west, the west will stay for mr-bittorrent porn king; Asia will run with classic-chia, and SV will push chia-porn-plots |
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A video card can mine hundreds or thousands of coins, and several coins can be mined on hard drives.
The hashrate of the CHIA grows by 10-20% per week and the profit of miners falls by the same amount.
Although, on the other hand, Ethereum will also stop being mined soon, so I don't know where it will be good after six months
Wow the growth has slowed down a lot then, I stopped checking some week ago. Right now its 26% since last week. The norm was 70+ % per week. It was like 200% or even more a few weeks in a row, once I saw the network space increase by one whole EiB on ONE single day. Could not help but check in every day for a while and be amazed lol. Never seen anything like it. Hope it stabilizes, but to jump in it for profit right now seems even riskier than buying gpus. Edit: ROI not gonna happen lol. https://chiacalculator.com/ really gives suuch a bad prognosis if you put realistic numbers there and you are one of those I want to get rich quick guys. Anyways I am still curious about chia because it is new and more fun compared to gpu mining, if you like building computers that is. I have a build ready to switch on when pools arrive... errm if they arrive, as you say, rules change and change. Perhaps pools arrive just in time for christmas and value has tanked because there has been such a shitshow with scammy pools stealing coins and people giving up because they can't get back investment if they don't join pools. I did not build my rig even expecting ROI, I had old computers laying around that could do plotting with just a bit more ram and a few more harddrives. So for me it is like switching my slower gpus to some shitcoin and hoping it will take off, if it won't, well then, at least I had some entertainment for a while. For the past two months chia space growth was 8% day, that's doubling every nine days, now its close to zero and hovering at 20EB (19.8EB) HPOOL is real, the chinese billionaire who owns HPOOL company, also owns the chia-net Inc, team in SV, all this is a scam, just like bitcoin-gold, some 5+ years ago, which was chinese owned, and ran out of 'ukraine' this time its ran out of SV, kept up for appearances. To the sophisticated chinese, its what we would call money-laundering. The chinese IOU process since begin of year took XCH to $1600, on a shit-coin that didn't even exist, at main-net 5may2021 the shit-ware wasn't even ready, it still doens't work. There are a dozen GOOD PoC coins, and chia isn't one of them, ar-weave looks good, but all have this same problem, shitty development, stalled projects and general helplessness |
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How many watts does a HD use? 14TB HD earns $3.40 right now. If a HD uses 20 watts you could power 11 HD in place of a 3080. My farm is around 14,000 watts that is 700 HD $2,000 a day in rewards. Rewards will continue to drop for this very reason.
Well there is no fair barometer, cuz CHIA price is dropping like a rock, and chia space is now stabilized at 20EB I always use 200 plots, or 20TB as my ref, two weeks ago it was 1/2 xch/month, now it close to 500 plots to earn 1/2 xch/month Today /TiB Day Expected daily farmed XCH per TiB. 0.0004 XCH So your 14tb is 0.0056 xch, or $3.48 day Problem is compared to what? ETH has lost 1/2 its ETH on the same rig in the past month, sure last month, on 200 plot ( 20tb ) I could earn $30/day, just like ETH my gtx-1070 rigs would earn $30/day, but now its $10/day, A 16tb hdd is now $500, but a rtx-3070 is $2,000 on ebay, so how do you compare? right now? Is 4 hdd's worth a rtx-3070? four 16tb is 64tb at 0.0004 xch/day, that's $14/day, I get right now about $5/day on one rtx-3070, but probably more like your $3, as its dropping so quick, for instance two weeks ago my rigs did 0.01 ETH/DAY, now they're doing 0.005ETH/day, 50% drop, just like with chia, cuz of EB growth you lost 1/2 every nine days ( 8% growth), but now chia growth is almost zero .... Lastly, maybe the OP was lost, my point is/was this fact that both HDD's and GPU's are being scammed to hell by scalpers, and paid YT influencers paid by western-digital ( & all asian manufacturers ) are driving this crap |
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Well I would say there is only a negligoble or no effect on bitcoin of these altcoins...specially those altcoins which dont have any potential but just a name...bitcoin is way too strong to be effected by all these coins
I agree with you. I believe that even the best Altcoin projects can not really slow down or affect Bitcoin in any negative way talk less of all the other ALTs that we know as OP mentioned don't really bring much if anything at all to the space other than enriching the Devs and collapsing in a crypto currency cycle. On the other hand, I don't suppose exchanges can do much since if the projects Mets their requirements, they get listed and will continue to list invaluable ALTs as long as they are marking their own profits from that too. Remember that this is a business space.
There are 100's of solid alt's today, and many of them don't spend a nickle on marketing, its all dev; Smart people stay on the watch, know them and hold them; Buy them now while their cheap. First isn't an anchor, just look at Lotus-123 from the 1980's, now long gone. Pick the alt's that have better purpose than btc, that have better privacy, and that have a longer shelf-life ( using crypto 2020, no crypto 1990's ) The next BTC 2.0 will not be the coin with the most bullshitters marketing it, it will be the tortise&hair coin, that comes up from behind, because its the best quality, not because of marketing like ETH, or cultish followers like Bitcoin. POC ( capacity ) will be interesting if they can resolve the 'fake plot' issue. Right now we're in a wash-out next 1-2 years btc will plummet, and some coin now at #80 rank will move forward; They need to resolve the problems, today too many coins (+12k shit-coins ) are really just btc-clones with pre-mining an no purpose ( other than enriching dev ) |
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Please don't mix the word investment & bitcoin, btc is gambling, during the COVID bull-run int-rates near zero lots of people moved into btc because it only went up, now it only goes down, so game is over until the next 4 year cycle bubble, if the shit-coin lasts that long ( I think not )
That's great! I'm glad you explained that to us. Now, it's time to sell all your stakes (if you had any at all) and get the fuck out of here. What is it you're looking for in the bitcointalk community, anyway? Wow tell us what U really think. R U a bot? Or is your programmer just lacking in computational ability? |
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Chances are, if you're reading this and you came here to learn how Bitcoin actually works, an ETF isn't the right option for you. They're intended for a different audience. 'Traditional Finance' has some sort of collective neurological disorder where they have an overwhelming and unrelenting compulsion to have all the fingers in all the pies. They can't help themselves but to find a way to get onboard. And for them, this is one of the few ways they can do it. So they're going to play with some IOUs like they always do. It's the only thing they can comprehend.
You have a better option. You don't have to play with IOUs. You can have the real thing.
Crypto has the same king of 'scammers' at the wheel, which is why we have tokens, defi's, and smart-contracts, ... endless novelty's, anything talked about but the real thing, which of course is boring and not profitable for the scammers. If I can pull "IOU's" out of my arse, and sell them to suckers; then why would you not expect a ton of ETF's for crypto to flourish, the SEC is just a gate-keeper, they decide who gets to be rich, and who doesn't; Its called a 'circle-jerk' then entire wall-street club/family is a circle-jerk of scammers selling worthless paper to the morons ( pensioners, inverstors, and the gullible ) But then most of the crypto world is also a circle-jerk of scammers trying to sell their bile to noobs Sure why not just by BTC for cash and be done with it? Well because its boring, and it there is nobody there to hold your hand. Most people are poor, and they need confirmation, they need someone to lead them to the toilet since birth. I would never buy ETF gold, or ETF crypto, why? But I have a choice, but lots of people have no choice, also the taxes are a big problem for the old-farts, they know that Fidelity&Schwab will automatically take care of all these 'headaches' All big companys are always looking for new revenue sources, its just normal, and they must make appearances otherwise the young will see them as 'not with it'; Lastly, most sad of all is that BTC was designed to get out of the fake paper world (FIAT), and this high-way to hell BTC-ETF is just a paper fiat version of bitcoin, where the IOU's can be sold 100x, just like fiat bankers do borrow $1 and loan out $100; Then just like GOLD, when 100x paper trades over the real thing, then the GOV can control the price; so eventually they will control the price of BTC, just like they do Real-Gold. |
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