I only heard of crypto currencies a few weeks ago… as a friend was mentioning bitcoin miners sucking so much electricity in China that they are getting cut down and are looking into moving to Canada… “What are they doing?” i asked… Just crunching useless numbers to win the mining race… “This sound like April fool hoax?”… No it’s not! :confounded:
I read a bit about it… Still i just can’t imagine how doing an expensive and useless work (crunching numbers to find an arbitrarily rare hash key) can have any value. It does not accomplish anything useful and costs a huge amount of resources. Thus i’m wondering whether it can have any future.
Waste of time and money.
You can make way more investing in real stocks or getting a job.
It’s also really easy to create a cryptocurrency to take advantage of those who use it and make profit for yourself.
If you’re interested in buying Bitcoin or one of the other better-known cryptocurrencies your best bet is CoinBase, which also supports Bitcoin Cash, Ether, and Litecoin. The popular digital exchange is easy to use and widely trusted, though it does go offline occasionally when trading is particularly frenzied
I am kicking myself for not keeping up with mining years ago when bitcoin wasnt worth alot. I couldnt mine very fast with what hardware I had, but I’d eventually have a small fortune if I had kept up with it over the years. Now, I feel its too late becuase the markets of crypto are just to volatile now.
A month or so ago a new cryptocurrency appeared. This is a brilliant scam. Bitcoin and all the others have absolutely no intrinsic value whatsoever. Here, the “petro” is promised to be backed by a barrel of oil (if you really believe him) so it differs from others that it has some intrinsic value. Of course, the sky’s the limit for each unit price and who knows how much Venezuela holds. This is absolutely brilliant. Have people all over the world bail out your failing government by finding people more stupid than you are. It’s so crazy that it’s genius.
Crypto is very ambiguous stuff. I would recommend reading a few books for traders before trading cryptocurrencies. Personally I would buy better-known cryptocurrencies as mentioned previously.
While I am not an expert in the currency world, my wisdom allows me to say that it took a great deal of time for money, as we know it as paper and coins backed up by banks and governments, to be wholly accepted and recognized. Cryptocurrency, as a whole, is nothing but another trickery of evil entities to destabilize money or economy as we know it, for their own egotistical benefit. I know what I'm speaking of enough, as I was once slightly lured into the game mainly to pay for a few transactions of “research chemicals” years back. Suffice to say spiritual energies behind research chemicals and other drugs are of course negative in nature, and of course I healed this. We have the right to have and use tangible assets, even if they are paper or coins. Cryptocurrency mining is nothing but controlled bloodsucking to “guarantee” the transaction of a value without consciousness. No vapormoney, thanks.
And so, edingergriff, this is just a warning of where you are stepping on with.
Cryptocurrency is a bubble scam and whoever believes it will end up with his wallet gouged. There’s absolutely no material correspondence of its value, so it can shoot up or down at the market’s will. I’ll stay with money that has ballast, such as good old gold.
yes such a thing does exist—you can easily find them at coin shops, jewelry stores and pawn shops to get started. If you have a big wad of paper that you want to convert to real money, then there are speciality gold investment companies that deal in coins and bullion.
