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I don't get crypto either. I say that as someone who bought a new computer in March 2021 for $1,900 and have used that same computer to mine enough Ethereum in
by 300bps 5y ago
I don't get crypto either. I say that as someone who bought a new computer in March 2021 for $1,900 and have used that same computer to mine enough Ethereum in that time to pay for it. Man some days I was making $70 per day when that Shiba Inu coin came out and gas prices skyrocketed.
I used to mine BTC when you could still use GPUs, even thought about buying ASICs for a time. I've bought and sold at least a dozen kinds of coins on exchanges, off exchanges, meeting people in Starbucks, etc.
I've made money off it, but I just don't get it. There's no legitimate purpose to it. DOGE, SHIBA, BTC, BCH, BSV, it's all a big joke to me. Maybe I'm stupid?
- onemoresoop 5y agoYou've stated it yourself, you made money off it and that is why cryptos are so popular, people speculate and some people make lifechanging money while others lose. The greater fool theory is not even a thing in crypto markets. I'm not sure how far this will go till the bubble pops and there's no question the market is in a bubble. However, cryptos could become the currency of the future after n iterations.