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  1. #7
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    AllenSam's Avatar
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    Mar 2007
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    Ya mining isn't easy. To make any good profit, you practically need a warehouse full of supercomputers running 24/7 and the energy cost will probably take half your earnings or more.

    I think Etherium is a good investment too. They just released Etherium 2.0 so it's getting a lot more efficient. I can see Etherium going to 5k in this bull run. I haven't really heard of any major improvements to Bitcoin. Bitcoin is just still on the top because it was the original. There are a lot of alt coins that are probably better technology wise. Even Doge has way faster transactions than Bitcoin but the thing people don't like about Doge is that it has no cap because it was started as a joke. But there is a limit of a few billion Doge per year I think, which is still way less inflationary than the US Dollar. Trillions of USD are printed every year without limit.

    I also put a small amount in XRP. Ripple has a lawsuit going on with SEC and I think if they win the lawsuit, the price of XRP will explode. On the other hand, if they lose, Ripple will probably go under and XRP will go to 0. So I won't risk much on it lol.
    Last edited by AllenSam; 02-25-2021 at 11:06 PM.

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