Cryptocurrency Mining

R50 in 2011 is worth a couple hundred thousand now.
I didn't invest it, I paid for a seedbox. Point is that is the total economic activity it had from me. Do you see the problem?
 
If it went down to $500 I still wouldn't​.

If it remains as a speculative investment rather than used as a currency it won't grow.

Look, I dunno how you measure growth, but if you're not a speculator, then why the massive interest?
 
This is all about speculation. It is not investing. Yesterday I just thought f*** it and I bought $1k Ethereum. This is not money, so if it fails, it fails. But, on the other hand, if Ethers' price one day hits $1k I will try to sell as fast as possible and take my profits and run. By the way, I see I there were small growth in Ether today while the others just keeps falling.
 
Plus Eth mining is more difficult now - might be that miners moved to zcash, inflating the price
 
Top
Sign up to the MyBroadband newsletter
X