Stonks, crypto and things (1 Viewer)

[Highli99]

If you believe everyone the keys for about half that amount lay scattered around in various dumps all across the world.

It is sort of known how much crypto is lost. The block chain is public so abandoned wallets (or dormant ones) are quantified. The biggest ones are those associated with Satoshi.

Interestingly, the the same thing happens with gold. Buried/sunken gold still out there.

 

[jr8719]

All the markets are down. No reason to exit if they are holding as am I, this has always been hold until at least 2030 for me. I love discount crypto.

I'm not suggesting an exit anytime soon — just interested to know whether people have a number in mind that they're eventually looking for? (Otherwise it's a bit like pissing in the wind, IMO.)

 

[chipinla]

I'm not suggesting an exit anytime soon — just interested to know whether people have a number in mind that they're eventually looking for? (Otherwise it's a bit like pissing in the wind, IMO.)

I hope everyone has a number. I know I do. But I also have a date in mind. Could I reevaluate when that date comes if I haven’t hit my number yet? Of course.

I guess I’m just not too worried about short term stuff like what’s happening now. As the cliché goes, only invest what you can afford to lose.

 

[ekricket]

It is sort of known how much crypto is lost. The block chain is public so abandoned wallets (or dormant ones) are quantified. The biggest ones are those associated with Satoshi.

Interestingly, the the same thing happens with gold. Buried/sunken gold still out there.

I think the prevailing wisdom says to tie your donkey up lose at night, and when he wanders off and you find him the next day he’s been rolling around in a gold filled stream bed. So you scrub your donkey and buy some tigers!

 

[chipinla]

I think the prevailing wisdom says to tie your donkey up lose at night, and when he wanders off and you find him the next day he’s been rolling around in a gold filled stream bed. So you scrub your donkey and buy some tigers!

The number I have in mind to cash out is Ken Pricing.

 

[Darson]

The market swings a lot so I can imagine bitcoin hitting $200k this year and then going back down to $50k in a couple years.

And then back up again… Ride the wave or buy high and sell low…

 

[Highli99]

I did a thing. With permission from @BonScot, there is now a Scrub Donkey Meme Coin!

I do not recommend buying it!

Link to Epic Scrub Donkey Meme Coin

 

[CraigT78]

I did a thing. With permission from @BonScot, there is now a Scrub Donkey Meme Coin!

I do not recommend buying it!

Link to Epic Scrub Donkey Meme Coin

Pump and dump??

 

[Highli99]

Pump and dump??

I mean, what buyers do with the coin now is out of my hands. It's in the market!

 

[CraigT78]

I mean, what buyers do with the coin now is out of my hands. It's in the market!

 

[toothpic]

It's like gold.

 

[Highli99]

current market cap is $4.7K

 

[Chippy McChiperson]

I guess I'm old, I don't understand all this crypto nonsense.

 

[johnjohn]

LOL. great idea!

 

[Tonysquander]

current market cap is $4.7K

View attachment 1495715

How much can I get for 300 dice chips?

 

[Highli99]

How much can I get for 300 dice chips?

Millions

 

[smashed_potato]

High 5 lads!

We’re soooo back!

 

[johnjohn]

SOLX

 

[johnjohn]

https://www.marketwatch.com/story/n...in-industry-4-changes-it-might-bring-8179de87

 

[Baldeagle9]

BTC ( store of value) XRP (bankers coin to move the worlds money) , HBAR , XDC (tokeniztion) just to name a few monsters in the game!!!

 

[Highli99]

Now I am become bitcoin miner, the keeper of blockchain. All the block are belong me. If I’m lucky.

This is a lottery minor. It’s trying to hash the bitcoin blockchain. About every 10 minutes, somewhere in the world a block is solved and the miner is awarded 3.125 bitcoin.

My rig is slightly less powerful than the data centers people have set up. But it’s got a chance. About 1 in 3.5 million every day.

One time!!

 

[DrStrange]

EV = +/- $0.10 per day or $36 per year. Maybe this is your lucky day?!

The units don't cost much, seems like a fun way to play the market.

 

[Highli99]

EV = +/- $0.10 per day or $36 per year. Maybe this is your lucky day?!

The units don't cost much, seems like a fun way to play the market.

Yes, definitely a novelty and occasionally solo miners do get blocks. It’s a fun way to participate in the blockchain. Not a serious investment. If you really want to mine bitcoins you’re looking at about 100+ computers at $1k each and the space to put them + electricity to run them. This is not that.

 

[Gus]

Bitaxe on PCF???

Been solo-mining for a while on a Gamma. I had 5 gallons of immersion fluid left over from a previous home mining experiment (mostly for heating a basement in the Minnesota winter) and so I immersed the Bitaxe in an old spaghetti pot. Basically it's full of fluid and it's waaaarm. The fluid doesn't conduct electricity, and so the chips just transfer heat directly to the fluid without a fan going, and given a big enough container the heat dissipates without needing active cooling.

In a previous life I almost wrote a book on the economics, politics, and technical side of bitcoin mining so I'm happy to answer any questions!

The 'lottery miners' like the Bitaxe will hit a block on average every ~500 years if I remember correctly. I think two have done it so far worldwide, getting a roughly 3 BTC payout.

 

[Chippy McChiperson]

All crypto is a pyramid scheme

 

[doublebooyah85]

Can’t believe how lucky I got with Spotify. I would normally sell by now but still has so much upside…right?

 

[Gus]

All crypto is a pyramid scheme

View attachment 1527501

Most crypto is insiders pumping their bags

Bitcoin’s a bit different. No insiders, no creator selling their bags.

Hodler since 2015, happy to explain my investment hypothesis if anyone’s interested. Most aren’t and that’s OK.

Lots to learn, place your bets

 

[Highli99]

This came with my bit axe lol

 

[Gus]

Got this on eBay a while back for like $20

Haven’t figured out a good use yet beyond bookmarks. Would be a pretty good stand-in for $10,000 plaques tho

Each note was worth ~$25USD when they were printed in 2015. The entire 1000 of them in total was worth like $0.25 when I bought’em

 

[Highli99]

Market Cap is growing and activity is up! I’m not sure if this is because someone is piling in 10s of dollars or if the market is responding to crypto week. So hard to know for sure.