I once played a stock market simulator game. Out of 10 people 9 ended up with astronomical profits. That just shows how easy it is for the rich to get richer.
I agree with the gambling providing jobs. I was employed as a valet driver right out of high school at a casino. In Minnesota I like how the gambling revenue goes towards Native Americans. Those folks have it rough. I don’t gamble myself and i don’t even play the lottery.
Note: I’m not being sarcastic for what i say of the NA
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I looked into Cryptocurrencies a lot and did a little bit of research but I eventually invested in 5 different companies and purchased the coins ranging from 5 cents to a dollar. I invested a total of $1200 into all the different companies and plan on holding on to them long term because this market for cryptocurrencies isn’t going anywhere anytime soon. It will be huge in the near future and a lot of companies have gained traction.
They were also having ICO (initial coin offering) kind of like an IPO for stocks which I didn’t invest in but I’m also heavily invested in stocks as well. I deemed it better to invest in stocks and cryptocurrencies becuse instead of my money sitting in the bank not moving this way it’s doing something. So far I’ve only profited except for 1 company but it’s steadily climbing again.
The market went on a decline last year because it was correcting itself but now things are steadily climbing and stabilizing. Anyone that is into investing always should think long term strategy of buying and hold because from the information I’ve read you double your money every 5 to 10 years and so far it’s proving true for me.
Getting back on topic - mining bitcoins based of what I’ve read is getting difficult because there are only very few Bitcoins left. Ethereum and some of the other coins are starting to become more popular but you need a lot of computing power and an entire network of computers to sustain that type of progress as well. It’s expensive. Anyway this got long so I’ll just stop right here.
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Regardless of what you’re investing in, always ask yourself this question: Will I be financially okay if I lose all of my investment?
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I didn’t read all that but thank you.
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If your reading about it you’ve missed the boat. That is simply how most economics works.
Bitcoin mining is shite for average computer builder because it drives up the cost of decent video cards. It really isn’t a good environment to build a decent gaming computer at the moment because of the cost pressures from tools getting into the cryptomining boom.
Even pouring heaps of money into it doesn’t make sense…the returns are diminishing because that is how it works!
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Bitcoin is no sure way to make money. I invested in Lite coin and now it is worth half what I paid for it. Bit coin tells the same story. Cryptocurrency is high risk gambling.
PIxel is a smart guy. @anon82948922.
What does OG mean @InnerCircle? Something Gangsta.
‘Original gangsta.’
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