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Hoarding currency inflates a bubble. But if nobody is trading in it, it ultimately pops it too.
I’m skeptical of crypto - nations don’t like competition to their own currency. And it’s fiat - backed by nothing.
I’m a bit of a precious metals bug. But if you can make money in crypto, go for it.
crypto is backed by the physical hardware and a lot of computational power and it’s the currency of the future soon it will eliminate or merge th current financial system because it is in the grasp of a common man
I don’t doubt that, but I think that there will ultimately be a balkanization of cryptos. Sure bitcoin is the biggest, but so was IBM, Blackberry, MySpace, etc. I think this is just the beginning.
Mining re-seller could have saved me a lot of hassle in the early days setting up custom rigs on flaky software. In the end I had several systems running 24/7 with little or no maintenance required. When the profit dropped to a certain point it was more prudent to sell the equipment at a profit and invest longer term.
The PandaMiner B3 looks pretty good value actually with 8 RX470s. Pity the difficulty is so high now unless you leccy is free!