discuss 10x Your Money In Domains Or Crypto Currency?

People who hold no Bitcoin are the ones who (incorrectly) assume that it’ll go down hard. They also (incorrectly) assume that it has no future.

(Some) people have been putting down Bitcoin for many years. Luckily I never listened to them.

When it goes to zero, it will be called BitCon, Not BitCoin

alcy said:

is that what u did? opened yer own casino? bahaha

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You need to open the PM's between you and I from March. If you would've listened to that 1% trying to teach you instead of trying to be click happy newb you wouldn't be in the poor house.
Sorry be be direct but the ONLY person you have to blame is yourself.

I should have listened, had years head start on you alcy
Edit: only me to blame

MasterOfMyDomains said:

I should have listened, had years head start on you alcy
Edit: only me to blame

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Why did not you buy eDinar?

"the great mining migration."

https://www.cnbc.com/amp/2021/06/15/chinas-bitcoin-miner-exodus-.html

SirDrago said:

"the great mining migration."

https://www.cnbc.com/amp/2021/06/15/chinas-bitcoin-miner-exodus-.html

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Not sure their power grid can handle the extra demand....

Heat, demand threaten Texas power grid for 2nd day

https://www.houstonchronicle.com/bu...could-come-close-to-outstripping-16249365.php

bmugford said:

Not sure their power grid can handle the extra demand....

Heat, demand threaten Texas power grid for 2nd day

https://www.houstonchronicle.com/bu...could-come-close-to-outstripping-16249365.php

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This is after earlier this year -

Why a predictable cold snap crippled the Texas power grid

https://www.reuters.com/article/amp/idUSKBN2AL00N

Jv1999 said:

I think we put too much faith in this one software... which is what btc really is.

It's probably not going to go to zero but will fall to something below $1k. Why?

Because each block contains the previous blocks. As soon as every person who wants to use bitcoin is required to have a 2 tb hard drive just to download the previous 2008 to 2022 blocks... it becomes dumb.

You'll have a legit hard drive that's storing nothing but copies upon copies of inactive blocks

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You don't have to download the entire blockchain to send/receive Bitcoin, you can use wallets like Electrum that don't need to download anything.

is bitcoin mining ecologically sound? I guess if you do it off of solar energy its ok. hmmm. otherwise, it takes what 4x the electricity of a normal appliance to run the mine.

Make sure you get solar powered crypto not damaging the environment crypto.

The Durfer said:

is bitcoin mining ecologically sound? I guess if you do it off of solar energy its ok. hmmm. otherwise, it takes what 4x the electricity of a normal appliance to run the mine.

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Related: you can do all kinds of administrative tricks on paper to make it sound "carbon-neutral" or "carbon-net-neutral", as a great cover up of the underlying problem.


Source: https://www.prnewswire.com/news-rel...carbon-neutral-btc-bitcoinzero-301291322.html

bmugford said:

Not sure their power grid can handle the extra demand....

Heat, demand threaten Texas power grid for 2nd day

https://www.houstonchronicle.com/bu...could-come-close-to-outstripping-16249365.php

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Solar farming $$$
In its infancy still, we'll see profit on solar investments in 3 years...ish.

My crypto investments are way down right now.

Silentptnr said:

My crypto investments are way down right now.

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Everyone is having a great time when everything is going up for no real reason.

Nothing goes up forever. Some of these investments might last, a lot of this crap is going to get washed out.

Brad

Not even experts anticipated this drop.

Silentptnr said:

Not even experts anticipated this drop.

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There is no way to analyze crypto. The valuation is not based on any real fundamentals.

At peak you had shitcoin after shitcoin popping up daily with multi-billion dollar valuations.

There might be a few winners. The vast majority imo are just shit trading on greater fool theory.

Brad

The question why did it go down has the same answer as why did it go up. No reason.

Why was doge worth a fraction of a cent, then 5 cents, then almost 70 cents overnight...then back to 30 cents now 17 cents.

The only reason it moved is because of Elon Musk. He has certainly lost his credibility in the crypto world.

A lot of people are learning a valuable lesson.

They jumped in at peak into an investment they knew nothing about and are taking major losses.

Brad

Silentptnr said:

My crypto investments are way down right now.

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Dont worry. It will go up again. Lots of manipulation right now. If you have some spare money use it to buy more. Thats what I am doing. Do dollar cost averaging.

Amit V said:

Dont worry. It will go up again. Lots of manipulation right now. If you have some spare money use it to buy more. Thats what I am doing.

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Not all these are created equal. There is a big difference between one with potential staying power and shitcoins.

The rise of shitcoins is like ICO 2.0. I don't think a world exists where thousands of crypto are valuable.

Brad

bmugford said:

Not all these are created equal. There is a big difference between one with potential staying power and shitcoins.

The rise of shitcoins is like ICO 2.0. I don't think a world exists where thousands of crypto are valuable.

Brad

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Always invest in coins with good background is my advice.

BTC only has always been my suggestion.

I do hold some others like ethereum, litecoin, tether, etc. but the vast majority of my hodlings are BTC.

If I fully understood the ins-and-outs of crypto and had the time and emotional fortitude to ride the rollercoaster, I might say crypto. That's easy to say after the significant gains from a few months ago (until this most recent drop).

As it currently stands, it's too volatile to be an attractive investment for me. I like domains because except for a little administrative work, research, and the thrill of the "chase," it doesn't require too much of my time. And although domain values will vary somewhat depending on the buyer, seller, and the name, I know that even in the worst market conditions, a solid domain isn't going to lose its value practically overnight.

Don't get me wrong, crypto and NFTs are exciting technology, and are here to stay. I see the value in the "big picture" sense, and I have friends who were smart to get in 5-7 years ago.

I just prefer to own relevant names than to worry about apes, BTC, and doge. Too many people are wrapped up in fluctuating prices and trying to mine gold - and even though that has certainly been profitable for a lot of people - I prefer to sit on the sidelines, and sell them shovels.

Amit V said:

Dont worry. It will go up again. Lots of manipulation right now. If you have some spare money use it to buy more. Thats what I am doing. Do dollar cost averaging.

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Bitcoin.com has at least the following disclaimer on their website. You should put a (simple) disclaimer with your advice as well. Thanks.

With all due respect I agree Crypto isn't going anywhere but hard to see Bitcoin yielding a substantial return at it's current market cap. I have a Crypto I believe in but not publicly saying anything until I have a large enough position. Chess. not checkers.