danger/u/
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Invest in crypto?

| I'm looking to invest in crypto in order to buy a GPU (ironic right?). Basically a pick thread


| Bethoven


| buy communist-coin


| No. Keep your money and be conservative with it.


| What about working on something that is of any practical use?


| I have two friends who have been mining coins by buying refurbished gpu cards which has something not right for computer use but are fine for mining (like fractals on the screen or other very minor visual things yet which noone will want). Have around 20-25 cards. They say it is barely profitable, gain minus cost difference is almost zero and they keep doing it only because it does not end up being a negative difference. So it is basically inertia right now. Who knows what next.


|


| BAT is down and is the only crypto to have actual programmers working on it. See: Brendan Eich and Marshall Rose


| I say do it, but do your research first. I recommend watching Doug Polk on YouTube, quite informative and funny. But just know that it is risky. BTC is down atm if you buy now and it goes up you can make a small profit... That is if it doesn't drop anymore... Either way it's up to you. Mining wise, it might not be the most profitable, but if you already have a decent gpu it not that bad. I have a 1080 and I can make about 2$ profits daily, including the cost of electricity.


| Bottom line do your research and don't listen to a bunch of cunts on an anonymous message board. Also don't be daft, don't fall for scams, stick to the big exchanges. And remember that if it sounds too good to be true, it is.


| yes


| I'd say it's a good idea to invest long-term, but don't get caught up in crypto day-trading. That's really just glorified gambling, and it's not a good idea. Even then, if you're looking for a solid investment, mutual funds are a better bet.

Total number of posts: 12, last modified on: Sat Jan 1 00:00:00 1520629448

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