by Zak ➕follow (0) 💰tip ignore
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Crypto is not an asset I want to trade but to hold onto and give to my kids. It's the same thing as buying silver bullion.
Greenidge says it will use expertise developed at its current power plant to expand to at least 500 MW of mining capacity by 2025.
500 MW of mining capacity
This is insane, a burning of resources for what, exactly?
I propose an alternate crypto-currency system of simple promises between public key holders. Not exactly sure how it would work, but if it takes more money to build up a good credit rating than one could get from defaulting on it, then it would be stable.
This is insane, a burning of resources for what, exactly?
BTW, you may laugh at one of my diversification modes.. It's highly non-portable (extremely heavy and bulky), and only moderately well suited for storage. Metal, but not precious metal.. cast iron! But not just any cast iron: mildly used non cnc machine tools in functioning condition. As CNC comes online more and more places, and manufacturing is offshored to china, old american cast iron can be found at under scrap prices. On the flip side, even an industrious thief wouldn't be able to readily steal my machine tools.
I mean, we're already in the era of manual transmission being a pretty good car theft deterrent ...
"Slaps the haters."
we're already in the era of manual transmission being a pretty good car theft deterrent ...
Eric Holder sayswe're already in the era of manual transmission being a pretty good car theft deterrent ...
And cursive writing being secret code.
Eric Holder saysI mean, we're already in the era of manual transmission being a pretty good car theft deterrent ...
Haha so true! I only own cars w/ manual transmission.
"Bitcoin tops $40,000 after Musk says Tesla could use it again"
This is great news for everyone who bought Bitcoin at 62,000
"Bitcoin tops $40,000 after Musk says Tesla could use it again"
Pump, dump, rinse, repeat.....
Bitcoin gives independence from government.
Bitcoin gives independence from government.
It doesn't though. It's valued in fiat.
That's all traceable and the government can issue a warrant to access your devices or the exchange to see what you traded. There is no privacy on the internet.
What good is bitcoin if you are prohibited from buying or selling anything with it?
Bitcoin continued its dramatic plunge to $32,281 Monday morning, down 17.65% from a week earlier as some of China’s largest bitcoin mining farms were shut down over the weekend. The bitcoin mining facilities of Sichuan Province received an order on Friday to stop doing business by Sunday, according to Chinese state media outlet the Global Times.
Now Bitcoin is at $29,000. That's it. I am selling my Bitcoin and investing in safer assets based on solid fundamentals: Meme stonks, SPACs, and NFTs.
My guess is up from here. Three failed attempts at breaking support (Rule of 3), high probably it was basing and will go higher until it's meets resistance in upper 30's.
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I know it's still up at like 40k, but uhh.. how did 20% of this amazing store of value evaporate in 2 days?
Hint. this is still speculation even though it is up.
Have fun speculating, but remember to limit your exposure, and diversify your investments.