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Is it still profitable?

by lulzsec - 07-06-2020, 02:58 PM
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#1
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Posted: 07-06-2020, 02:58 PM
Hello,
Do I feel it becomes very complicated to be profitable?
Between the costs of materials, electricity and configuration?
What do you think ?
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#2
Posted: 09-06-2020, 02:37 PM
Bitcoin as like any other crypto currency. You may earn, you may lose. It is depending on the currency.
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#3
Posted: 09-06-2020, 02:46 PM
Presuming you mean to 'mine it' and not 'buy-selling', it mostly depends on how much money your willing to throw and which currency your going to go after, for the most part... no.
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#4
Posted: 09-06-2020, 02:46 PM (This post was last modified: 09-06-2020, 02:46 PM by Gay. Edited 1 time in total. Edited 1 time in total.)
^ guy above me said "It is depending on the currency."

No. It does not depend on the currency. fuckin idiot.

What it depends on is how much you invest, how much time you wait, the right moment on when to resell, how dedicated you are, etc.

no way in hell does the currency matter. you can buy $1 in dogecoin and make $2 profit from it. literally the currency DOES NOT MATTER.

it's all about being smart with your investments and timing every decision you make at the RIGHT time.

BTC and EVERY other currency is 100% profitable no matter what. even if you only profit $5, $10, $100, $1000 or even $100K.. it's 100% profitable.

im a nice dude
Ahmedelmasry
09-06-2020, 02:52 PM
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#5
Posted: 09-06-2020, 02:48 PM
In terms of mining,stuff like this are usually viable and everything.They do make a buck.
However,they usually consume more electricity than they are worth.What you see to "gain", you are billed at the end of the month for the same if not greater amount.
Moreover,this stuff are driving your PC nuts.They use the PC CPU like a Chad uses a basic thot.It's highly likely to lower your system's life expectancy and might burn something.

The Verdict:NOT worth it
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#6
Posted: 09-06-2020, 02:51 PM
(09-06-2020, 02:48 PM)Oathkeeper Wrote: In terms of mining,stuff like this are usually viable and everything.They do make a buck.
However,they usually consume more electricity than they are worth.What you see to "gain", you are billed at the end of the month for the same if not greater amount.
Moreover,this stuff are driving your PC nuts.They use the PC CPU like a Chad uses a basic thot.It's highly likely to lower your system's life expectancy and might burn something.

The Verdict:NOT worth it

mining is not worth it at all. a single 1080ti mines about 2 cents a day.

BUT

investing into the BTC market is $$$$.. buy one btc when it goes low for $5K-$7k and then resell when it hits $10K+..
right now 1 BTC is around $9.6K soooo.. ez profit JUST TAKES A SHIT TON OF WAITING FOR THE PRICES TO RISE..
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#7
Posted: 09-06-2020, 02:57 PM
(09-06-2020, 02:51 PM)Gay Wrote: investing into the BTC market is $$$$.. buy one btc when it goes low for $5K-$7k and then resell when it hits $10K+..
right now 1 BTC is around $9.6K soooo.. ez profit JUST TAKES A SHIT TON OF WAITING FOR THE PRICES TO RISE..

In terms of investing, it really is exactly like any other stock really.
Buy when low,sell when high.
High risk,high reward.

But in my opinion,I would opt out of bitcoin trading.It's unpredictable generally,you can't possibly know which factors will influence it necessarily and to be honest,most people can't grasp trading with non material currencies.
And don't get me started on how easily it is to get scammed or how hard it is to handle the bitcoin tools.

I would prefer to trade stuff like company stocks or oil,which is a hot topic during Covid
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#8
Posted: 12-06-2020, 12:06 AM
It is depending on how other people think about this
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#9
Posted: 15-06-2020, 04:22 AM
Just like stocks and other cryptos, it can be profitable but you need to be smaret about it
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#10
Posted: 21-06-2020, 11:13 AM
(07-06-2020, 02:58 PM)lulzsec Wrote: Hello,
Do I feel it becomes very complicated to be profitable?
Between the costs of materials, electricity and configuration?
What do you think ?
 Well that is true with any things that are already popular. The secret is to be first
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