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RE: Should You Buy FPGAs And GPU Mining Rigs? Earn From Crypto Blogging Platforms?
The difficulty in anticipating the future is that we do so based on the past.
When the original antminer came out, it was shit hot good stuff. Now you can get one for less than $50, and it isn't worth it to run it. (if you are paying for electricity from mining earnings)
One of Clif High's old reports talked about people in the future box-mining. Basically using anything that could run code to mine for cryptos.
This has a lot of possible meanings.
Such as, crypto prices are sooooo high, that getting anything is worth it.
But, this breaks down into different reasons why the high price.
- the dollar could have collapsed, and so cryptos buy food, $s don't.
- Cryptos are being adopted everywhere, and so cryptos buy food and more, and there value is much higher than any electric bill.
- A banking collapse (there are no more banks) has left everyone with paper money or cryptos. So, if you want to send money, cryptos are it.
- or some combination of these, or something else.
Anyway, if that is true, anything you do, and can afford today, will pay off hugely in the future. The problem is getting to that future intact.
Yeah getting to the future intact is certainly the issue for sure. If this bear market last more than a year longer I would start getting somewhat worried.
I haven't spent my money on crypto I have just converted my money to crypto!
I don't anticipate any sort of financial apocolypse like what is going on in Venezuela or anything. I mainly look for another boom cycle that will provide me with 10X gains. But I will start shaving profits at 5X gains. I'm being conservative! lol