viper404

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Feb 12, 2017
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  • Great post! What other investment options do you think are smart right now? Trading can feel like gambling if you don’t know what you’re doing, but investing in solid companies or gold isn’t gambling at all.

  • I think solar energy could really help cut down on mining costs. PoW to PoS also depends on mining tech. Honestly, I believe there's a future tech that can lower that electricity bill.

  • Some countries are going cashless, yeah, but like Sweden, they still encourage keeping cash around for emergencies. That's smart!

  • You can’t ignore the fact that Trump is a disaster for the economy. Pro-crypto or not, he’s a mess.

  • Have no idea if this has been discussed here before, but I did some digging. Didn’t find this exact topic on crypto mining. Been curious about how it all works. After some research, I get bits and pieces, but really…

  • April was good and May’s off to a decent start too. Hitting 80k today shows we could see it rise even more. Next stop, 81k! Whales are probably accumulating more BTC since it’s been low.

  • You nailed it. I was thinking the same thing when I saw this topic. I expected the OP to explain their reasons for creating this tool in the first place. Seems like they might not fully grasp what duress actually means.

  • Exactly what we need, but have you started building yet? What’s your plan for security? Governments might come after you, and centralized exchanges won’t like this either. Privacy and security should be top priority.…

  • That’s not stagnant either. Bitcoin is volatile, not flat like fiat. It bounces between $64k and $74k. Just like the tides, it goes up and down.

  • Stagnant? Last week it hit $74k before dropping. Earlier this year it was under $65k. I see volatility, not stagnation. The Middle East war isn’t making it tank either. People claim it’s boosting Bitcoin, but I think…

  • For sure! But most folks don’t have cash on hand, which is why they stress when BTC drops. Some don’t even trade spot; they’re in leveraged positions, which makes things worse.

  • Totally agree. If you're gonna give Bitcoin, the person should at least know what they're getting into. It's pointless to gift something they won't appreciate because they don't understand it.

  • Yeah, you gotta get that jumper set right if you connect it to a desktop. But first things first check if the HDD is even working.

  • Here, only businesses file tax returns. For regular folks, taxes are deducted by exchanges when withdrawing. No need for extra returns after that.

  • That $77K prediction is just that a prediction. We can’t rely on it. I think we’ll see a bear market eventually, but not yet. Last year was wild; everyone was wrong about timing.

  • Big miners already have deals for cheap electricity. I thought hydro was king for low costs, but it seems renewables are often cheaper now.

  • You mean geothermal? Okay, I guess that makes sense. It sounds cool but risky too, and a bit pricey initially.

  • Heard that El Salvador is doubling down on crypto. They wanna build the biggest bitcoin mining farm using volcano energy. Sounds wild but if it works, great for cutting down electricity costs, right?

  • Looking at past cycles, bear markets seem to kick off around April. I say we might see drops closer to $55K. Past patterns show drastic declines returning.

  • The hard drop hasn’t happened yet, but I expect it sometime in April. Right now, it’s just a bear market hinting its presence. Could see $75K soon, but doubt it’ll hold.