We are already at the stage that mining is too expensive

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Jan 7, 2021
11:29:32am

donnerstag Truly Addicted User

We are already at the stage that mining is too expensive

and there will be a limited supply of bitcoin that drives up the value.

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donnerstag

Bio page: donnerstag
Joined: Feb 22, 2005
Last login: Jun 13, 2024
Total posts: 39,217 (685 FO)

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Messages

Author

Time

Bitcoin just hit $40K

donnerstag

1/7/21 11:16am

It feel likes Bitcoin is the new gold.

cmoney

1/7/21 11:17am

Gold's market cap is still 10X that of bitcoin, but it could overtake gold

donnerstag

1/7/21 11:19am

It was more along the lines that during volatility, gold does great. So does BTC

cmoney

1/7/21 11:20am

Except gold can be owned physically. Main difference.

Heath Squashwell

1/7/21 11:22am

Or is it the new beanie babies?

1/7/21 12:10pm

If beanie babies have continually increased in price since 2009 than yes.

Jay_L

1/7/21 12:17pm

You must have a different definition of continual than me.

1/7/21 12:23pm

0 to 40,000 in a decade is saying something. It has never gone back to 3 digits.

Jay_L

1/7/21 12:28pm

Beanie babies and tulip bulbs had similar rises. That didn't give them inherent

1/7/21 12:42pm

Comments like this and elsewhere on Cougarboard today make me think people don't

Jay_L

1/7/21 12:49pm

Ok. I hope you are able cash out on top.

1/7/21 12:54pm

frowny face from me just because I had a bad bitcoin experience. will have to

StutterOfTheCougar

1/7/21 11:23am

Wouldn't mining Bitcoin be considered an environmental hazard?

TNT

1/7/21 11:24am

Lost money huh?

Romex

1/7/21 11:24am

What do you guys use besides Coinbase? They are always down or app doesn’t work

USMCdad

1/7/21 11:24am

US version of Binance

donnerstag

1/7/21 11:26am

Yeah I had a little bit in Binance but it was pre US version

USMCdad

1/7/21 11:48am

That's brutal

donnerstag

1/7/21 12:01pm

Some people on Twitter have claimed to have used a VPN set to a non-USA nation

DryFlyUte

1/7/21 1:03pm

Robinhood has a small Crypto market

groy

1/7/21 11:27am

Got an in-depth lecture on it 5 years ago. I felt so strongly to invest. It was

idacoug

1/7/21 11:25am

I sold and bought stonks in the bear market of 2021.

grosven

1/7/21 11:25am

So what happens when they aren't making new bitcoins?

groy

1/7/21 11:27am

We become slaves to the new feudal ruling class that live in parents basement.

grosven

1/7/21 11:28am

We are already at the stage that mining is too expensive

donnerstag

1/7/21 11:29am

It’ll be 50 years or so until that happens

I'mBatman

1/7/21 11:31am

Oh, I thought it was nearing the maximum amount

groy

1/7/21 11:35am

We are no where near close. Around year 2140 is when. Total 21 Million Bitcoin.

Jay_L

1/7/21 11:46am

We will have been in the millennium, begins in next decade.

Y'sWoody

1/7/21 11:53am

The blockchain remains and transactions still occur. People will make money

Mitty

1/7/21 11:39am

Bitcoin has major problems that imo, don't make it viable as a currency. And

CougarTailDevourer

1/7/21 11:44am

Sure am glad I sold at $16k! smh

ChiefBeef

1/7/21 11:31am

That is the thing right? You buy it as a gamble. How long will people view it as

grosven

1/7/21 11:37am

And down 4K just like that. To the price 10 hours ago

1/7/21 11:51am

And back up by 3k....volatility.

1/7/21 12:04pm

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