| Author | Message | ||
     Doz |
My head is still spinning to understand this stuff but maybe I don't need to. As long as I can make money at it. Trading it seems the "safest" cause can get in and out fast. High risk?- yes! High returns?-the potential is there...so why not? Thoughts? | ||
| Aesquire |
Remember the fad for home brewed diesel from fry grease? McDonald's etc. used to pay to have the stuff taken away, so they were happy to let you take it for free. Then they got paid for the grease and the free stuff was locked up. End fad. I have no idea what the calculations are for with bitcoin. Generated with computer power and cheap electricity. I remember "folding at home" a screen saver that used your computer for medical research, and a astronomical program, also free and voluntary. Getting paid for distributed computing power was a nifty idea, and was profitable until the current pResident policies jacked the cost of energy. So "making" bitcoins is dependent upon electricity and it's "value" is not, so that may be a fad fading from High energy costs areas, like NY, but still profitable in lower slobovia, or other government subsidized areas, where they haven't made it illegal, like China. Is it a good gamble, to buy blockchain stored variable value tokens? Maybe, if you guess trends well. Investment? Nope. But it's gambling, like stock day trading. And that is a gamble with a guaranteed profit for the House, by a fee for each transaction. Your profit depends on volume buys and sales that make more than transaction costs. ( poor people can't afford to play big enough ) But... My poor judgment when Bitcoin started was it was a short time fad, & I was wrong! I coulda shoulda turned my PC into a closet warming money maker. Missed that ride by being skeptical. Ditto pogs.  Gambling on Bitcoin? What algorithm or trigger or trend in something you think you see are you planning on using to predict when to sell? ( and if it's genius!? Don't tell anyone, just get rich ) But I won't mock you unless you buy NFTs, which is so stupid it qualifies as an eugenics program for money managers of the rich. |
