Bitcoin....who's gotten into it?

[mcsquared]

This is all going to end horribly. Don't get caught without a chair.

[huckbucket]

The yield is obviously dropping the more expensive the currency gets...but?

Obviously ... duh ... shu ... whatevs ... of course .... everybody knows that


(I have no idea why that's so obvious)

[Meathelmet]

Obviously ... duh ... shu ... whatevs ... of course .... everybody knows that


(I have no idea why that's so obvious)

What I meant with the mining yield : I did not find a calculator that would account the raising valuation of the currency regarding the effort of mining it? What I read at some point that with self paid energy expenditure (median) the tipping point with Ethereum was around 400€.
Above that it was worthless to mine it as you could not break even. But, with free electricity and paid hardware, where might it be?
Bitcoin has obviously surpassed that ages ago unless you have a idle server farm with free electricity.

[Flyoverland Captive]

^^^ Even if you have to pay for your electricity, isn't most of it wasted as heat? Seems like if you have to heat your home anyway, why not help heat it with a hot chipset and mine at the same time?

[Skidog]

I think ETH is the best r/r trade now vs. LTC & BTC. IOTA looks really good on the daily, breaking out against USD. But for now I'm in ETH looking for 1k/per. I'm keeping an eye on IOTA though as it's a compelling setup. Also BCHBTC is a sweet r/r setup.

Saw my brother's cryptowallet today, it made me a little jelly

ETH is pricier than LTC though. Wasn't LTC up like 87% today? Just wonder if it will climb along side BTC like it has been. ?

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[Bobby Stainless]

I wouldn't get caught up in price. But I guess its nice to have a "whole coin".

Ive started buying in equal amounts.

[digitaldeath]

^^^ Even if you have to pay for your electricity, isn't most of it wasted as heat? Seems like if you have to heat your home anyway, why not help heat it with a hot chipset and mine at the same time?

Because the hotter ur chips the less they can hash

[Whiteroom_Guardian]

EOS is effing ripping. Already 3x since I bought in less than 2 weeks ago. Still not quite sure why though lol. I guess it's just people speculating on an "ether-like" coin.

[Benny Profane]

Tulips.

[huckbucket]

From $60,641 to $3.9 billion in 7 days. Key-rist!!

[basinbeater]

I think I am going to give some bitcoin to people as an Xmas gift.

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[Skidog]

I think I am going to give some bitcoin to people as an Xmas gift.

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How do I get on that Xmas list santa?

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[basinbeater]

Cook me some dinner, have some kids of mine, and give it up on a regular basis.
Might do it for the in laws too.

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[Bromontana]

Tulips.

For people like Zuckerberg, Winklevossi, Gates, & Bezos, their interest in starting companies included similar rewards to those participating in cryptos. And those firms are not bubbles. Ergo, one cannot divine bubble/no bubble determinations simply from returns, as has been widely reported in the press.

[Benny Profane]

What the fuck does something like Amazon have to do with Gold 2.0?

[huckbucket]

What the fuck does something like Amazon have to do with Gold 2.0?

Both are ways in which people get rich?

(what do I win?)

[Benny Profane]

Oh boy. Good luck dudes. Born every minute, the saying goes. Nobody learns. This time it's different.

[Skidog]

Cook me some dinner, have some kids of mine, and give it up on a regular basis.
Might do it for the in laws too.

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I can really only provide the food part. Guess I'm out.

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[Whiteroom_Guardian]

EOS $7.44, was just under $2 like 2-3 weeks ago.

[Benny Profane]

Yeah, right, sounds good. Keep on talking like that. Makes sense. Good luck with your retirement!

[Captn-See-Had]

I think I am going to give some bitcoin to people as an Xmas gift.

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Seems like a good way to lose it forever... depending on who you're given it to and how you're gonna do it.

[Game Over]

Tulips.

I had typed this exact post the night before but was apparently too fuked up to make it happen.

Anyhow X2

[Bobby Stainless]

Oh boy. Good luck dudes. Born every minute, the saying goes. Nobody learns. This time it's different.

[Whiteroom_Guardian]

Seems like a good way to lose it forever... depending on who you're given it to and how you're gonna do it.

Yup, I thought about it for my family this year. I think the only way to safely do it is to just keep all their individual coin in separate wallets that I control. Normal people have no idea about this shit yet.

I saw something on reddit where a few years ago some guy gave everyone in his family btc and they all lost their paper wallets except one. They threw away alot of money.

[mcsquared]

Yup, I thought about it for my family this year. I think the only way to safely do it is to just keep all their individual coin in separate wallets that I control. Normal people have no idea about this shit yet.

I saw something on reddit where a few years ago some guy gave everyone in his family btc and they all lost their paper wallets except one. They threw away alot of money.

Funny thing. In 2010 I had a kid and my BIL had a kid in the same month. I was setting up a college 529 plan for my kid etc. At the time I thought it would be cool to buy a couple hundred $ in BTC for each kid just in case, you know it amounts to something. Talked to my BIL about it and setting up a wallet, etc. It was too hard for him to wrap his head around and seemed too complicated. So I dropped it because I am already the weird uncle. I wonder if he remembers that conversation.