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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="velocicaur" data-source="post: 16557887" data-attributes="member: 33335"><p>I can't believe bitcoin has gotten this high. I still believe the current setup is bogus in the scheme of things. There could be something here with the technology but none of the current coins are really set to go full scale. Bitcoin isn't efficient and there are way too many lost coins. The guy that created ripple owns ~20% of the coins... yeah, that makes sense. Though this post isn't about crapping on crypto so I'll carry on.</p><p></p><p>I got in a few years ago (2017/2018) when it first took off (right about the same time of year - coincidence?). Everyone was on full FOMO alert. Bitcoin was around ~10k. I bought ripple at .25 and sold it at 1.98 a couple of weeks later. They all tanked after that when February rolled around and it was all over. A ton of people lost A LOT of money. </p><p></p><p>I always found the mining aspect to be interesting as it is the backbone of the whole thing - especially at current prices. You can buy a mining rig and pay it off in about 6 months at current prices. It'll then chug along at ~$25 bucks a day after electricity which is great. Of course, it all depends on the price of bitcoin. Mining rigs ran in the red for quite a while when the price dropped.</p></blockquote><p></p>
[QUOTE="velocicaur, post: 16557887, member: 33335"] I can't believe bitcoin has gotten this high. I still believe the current setup is bogus in the scheme of things. There could be something here with the technology but none of the current coins are really set to go full scale. Bitcoin isn't efficient and there are way too many lost coins. The guy that created ripple owns ~20% of the coins... yeah, that makes sense. Though this post isn't about crapping on crypto so I'll carry on. I got in a few years ago (2017/2018) when it first took off (right about the same time of year - coincidence?). Everyone was on full FOMO alert. Bitcoin was around ~10k. I bought ripple at .25 and sold it at 1.98 a couple of weeks later. They all tanked after that when February rolled around and it was all over. A ton of people lost A LOT of money. I always found the mining aspect to be interesting as it is the backbone of the whole thing - especially at current prices. You can buy a mining rig and pay it off in about 6 months at current prices. It'll then chug along at ~$25 bucks a day after electricity which is great. Of course, it all depends on the price of bitcoin. Mining rigs ran in the red for quite a while when the price dropped. [/QUOTE]
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BITCOIN
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