I've casually dabbled with crypto in the past but the fact China is where the large majority of hashing power comes from turned me off. Plus the NiceHash scandal. Always heard the rumor of China "banning mining" which in my eyes would just be the Govt taking control so all that hashing power can be used as 1. Which from my basic understanding would not be good for a blockchain.
I get it and I still use it.. Hell I'll probably mine on the desktop during the winter. I just personally wouldn't keep a substantial amount of money in it. I don't remember how much I lost since I'd xfer to a personal wallet but NiceHash left a bad taste in my mouth. I know people make a bunch hodling and trading but it's not for me.
Uh..did you check that before you said that? Ripple is up from 0.30 to 0.50 in 4 days, Bitcoin is at an ATH, on a literal race to 100k, Ether is up $400 to $600 in a few days, lol.
Bitcoin, Ether, and Ripple will help too fellow pede haha
I've casually dabbled with crypto in the past but the fact China is where the large majority of hashing power comes from turned me off. Plus the NiceHash scandal. Always heard the rumor of China "banning mining" which in my eyes would just be the Govt taking control so all that hashing power can be used as 1. Which from my basic understanding would not be good for a blockchain.
Dude, I have been in crypto for almost 6 years... China always says its banning BTC and mining etc..but btc always stays alive.
Its simple capitalism, people want to buy and tx in btc, hashing will be generated in countries with check energy.
I get it and I still use it.. Hell I'll probably mine on the desktop during the winter. I just personally wouldn't keep a substantial amount of money in it. I don't remember how much I lost since I'd xfer to a personal wallet but NiceHash left a bad taste in my mouth. I know people make a bunch hodling and trading but it's not for me.
Can't mine BTC on a desktop. The difficulty is too much. I mean u can, but the chances you ll find a block are like 10,000 years or something.
You need dedicated antminers for mining.
Anyways, yeah I agree. Its a highly volatile asset, and as I always say "only invest in crypto how much ur willing to lose 100%".
Maybe like 5% of ur saving.
No it won't... and not one single person that is knowledgeable about, and deals with investing would ever suggest it.
Uh..did you check that before you said that? Ripple is up from 0.30 to 0.50 in 4 days, Bitcoin is at an ATH, on a literal race to 100k, Ether is up $400 to $600 in a few days, lol.