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by foopod 3131 days ago
I did this, sadly only a few hundred. Invested ~six months ago, and now it is worth double.
1 comments
CyberFonic 3131 days ago
Are you talking paper gains or actual cashed out real money gains?

Bitcoin is virtual currency based on massive electricity consumption. Due to the ever increasing difficulty of mining, it is effectively a Ponzi Scheme.

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Obi_Juan_Kenobi 3131 days ago
Difficulty is not in any way ever increasing. Difficulty is set based upon the overall hashing power of the network. If it becomes more expensive to mine, miners drop out and difficulty decreases.
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foopod 3131 days ago
Paper gains. Sure its a pyramid of assumptions that could topple at any moment.

But if it continues the way it has been, then it can accomplish the goal.

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netsharc 3131 days ago
"Surely real estate prices will keep going up!"

The worry is that when the crash comes, no one will be willing to buy. Or even if you find buyers, what if everyone starts withdrawing their money from the exchange, and the exchange doesn't actually have that liquidity...

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muzani 3131 days ago
3-6 months time span? Ponzi Schemes are my weapon of choice.
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