LogFAQs > #895236021

Turtlebread posted...

R_Jackal posted...

Turtlebread posted...

R_Jackal posted...

Turtlebread posted...

that's what they said in 2013 and here we are

I mean, if it's a cyclical fad, it's still a fad. It falls and gains based on whimsy, more or less. Horrible currency to do... anything with in all honesty.

Its pretty good for making more real money

For your average person with a mining rig, factoring in power costs, I think the usual net was like $6~10 a month in profit. The more money you have, the more money you make with Bitcoin, so... no, not really. Then, there's the idiots ruining their credit to take out loans/maxing out credit cards to stockpile GPUs to mine as though it'll help them not be in debt in any reasonable amount of time.

I can make 10 dollars a day mowing a lawn every day with less overhead cost if I really wanted to.

Lol
Not with mining
I turned 1k into 50k last year just holding

I mean, if you buy low and sell high you generally make money, but that concept isn't exclusive to bitcoin. That doesn't make it a good way to make more money, as is being shown by people currently losing money. The volatility of the crypto market makes it a poor investment at the best of times, realistically.

And yet, with that amount, I'm sure people who bought Google or Amazon stock early and held it for years would laugh at that cash you made.

Edit: Unless you're justifying it as a good way to make money solely by your own experience, which is honestly a rather self-centered outlook.