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| Page 21 of 36 |
vurt
Posts: 13810
Location: Sweden
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 Posted: Tue, 2nd Mar 2021 15:23 Post subject: |
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@gibman70
Everyone would be millionaires/billionaires if they could predict the future.. my former apartment is worth like 2 million SEK today, when i sold it around 150K SEK.. same with stocks, silver, gold...
doesn't serve any purpose to go around thinking about it, why not think about the stuff that has went down and you didn't invest in that!
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Sin317
Banned
Posts: 24322
Location: Geneva
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| Posted: Tue, 2nd Mar 2021 15:59 Post subject: |
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It's like the people who complain, that IF they would have won the big (lottery) jackpot, they'd have to give like 35% away for taxes...
Wouldn't be happy to win millions, nope, rather be unhappy about giving some of it to taxes...
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Il_Padrino
Posts: 7543
Location: Greece by the North Sea
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| Posted: Tue, 2nd Mar 2021 17:22 Post subject: |
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DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
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| Posted: Tue, 2nd Mar 2021 18:06 Post subject: |
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| gibman70 wrote: | | Is it fucked up that I can't be happy with my probable total six figure profit because I constantly think I should have 10x or 100x that? From anyone who has had similar thoughts with their own gains, what's the best way to deal with this? |
It's natural, but self destructive to linger on hindsight and 'shoulda woulda'.
By that merit we could all kick ourselves for not spending 2 minutes to buy $100 of bitcoin at $0.10 and being millionaires. Or mining it when it was sub one cent and a handful day.
It's a fantasy trope so deep movies have it as a McGuffin: Go back in time and Buy X stock. Use this sports almanac to bet on sports games..".
Its not unnatural to think it, its just toxic to dwell on it.
The world would be a more miserable place if people put energy into that. For every kid that had a #1 action comics, or used that baseball card in his spokes that's now worth 500k. Or gave away their Magic the gathering cards in the 90's to friend that had a few black lotus in it.
I buy hobby things with my profits. I've gotten all sort of shop tools, PC parts, etc. Fully knowing in 5 years I might go "This $1000 table saw has now cost me $15,000". But thats the thing. I dont know now, I will just know then..why should I beat myself up for things I cannot know yet?
Just as easily I might have spent nothing on it but pure generated money I would have never had, because the coin tanked and is worth 3 cents in that time. So id be back to no money AND no toys.
It is what it is. And I could kick myself for not taking it out and buying. Because you can always find something to 'wish I did different' simply depending on what happens in the future.
It's only hard to look back because you knew what has happened since. Focusing on what gains you lost, instead of also acknowledging what loses could have also happened just as easily.
It COULD have went the other way, and you held and it dropped to near zero and the 6 figures you now have would be nothing...so dont stress over your 'best case' and if you missed that mark. Because you are ignoring the worst case only because you now know it didn't happen.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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sanchin
Posts: 763
Location: Poland
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| Posted: Tue, 2nd Mar 2021 20:31 Post subject: |
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Cheers all for the above replies, and especially DXWarlock, for a load of logic that I'd never really worked through in those ways. Appreciated!
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Sin317
Banned
Posts: 24322
Location: Geneva
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| Posted: Tue, 2nd Mar 2021 23:40 Post subject: |
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https://www.tomshardware.com/news/inner-mongolia-bans-cryptocurrency-mining
| Quote: | Cryptocurrency miners are going to have to leave Inner Mongolia. Bloomberg today reported that the autonomous region within the People's Republic of China recently banned cryptocurrency mining in an effort to reduce its power consumption in 2021.
The Inner Mongolia Development and Reform Commission announced the plan, which has yet to go into effect, on February 25. Bloomberg said the draft plan would ban "new digital coin projects" in addition to the mining of existing cryptocurrencies.
It's no secret that cryptocurrency mining requires a lot of power—and not just the kind afforded by modern graphics cards, dedicated processors, and gaming laptops. Turning math into money uses plenty of electricity, too, which is the problem here.
A study published by Nature in 2018 estimated that, on an electricity-used-to-dollars-earned basis, cryptocurrency mining required more energy than rare earth mining. A more recent estimate said Bitcoin mining alone uses more power than Argentina. |
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DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
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| Posted: Wed, 3rd Mar 2021 01:24 Post subject: |
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I always feel that's a loosely made up excuse for power consumption for the shock value and ease of reasoning. Or at least low hanging ripe at the moment fruit. Looking for 'easy to understand' reasons to declaw it, when there is closer to home monsters with bigger claws already.
Everyone compares it to other things, without looking at other way more wasteful energy usage.
Both in the EU and the US power used by 'energy vampire' devices we all leave on use $20+ billion wasted (for each not combined). Or approximately 50 large power plants' worth of electricity.
Or more apples to apples. Gaming [Just PC, consoles was not accounted for] dwarfs mining power usage worldwide annually. Online gaming in California is already at 5 TWh and is expected to spike to 11 TWh by 2021 (2019 study). That’s just for gaming, and just in California. Worldwide it dwarfs Argentina by a large margin.
Californians alone use more power playing games and heating their pools than entire countries in Africa.
Now is it a fair chunk of power used for crypto mining? Absolutely. But its not the worst offender, much less the most 'useless' waste of it. Pointless maybe, but I feel shit plugged in for no reason is more 'useless' of a thing to combat.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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| Posted: Wed, 3rd Mar 2021 01:54 Post subject: |
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Because gold mining operations wouldn't have much worse carbon footprint and energy use in comparison as well. Yeah lots of stupid comparisons, it can be be fixed as well through code but I could be wrong but doubt they will make that change within this decade
| gibman70 wrote: | | Cheers all for the above replies, and especially DXWarlock, for a load of logic that I'd never really worked through in those ways. Appreciated! |
Your a success story,
10c -> 1.30 its smart to sell.
1.30 -> $10 its smart to sell.
$10 -> $80 its smart to sell.
Not many people in their right mind wouldn't sell at 10x+ gains, so that logic is massively flawed. It could be worth 0 and you lost everything at any stage from 2013 to today.
Speaking of, i know someone (they proved it). Lost 100K of inheritance/everything they had in mt.gox trying to convert the whole thing to BTC at $700. Wrong place at the wrong time, those fraudsters are still fucking everyone over that had funds in Gox imagine how that feels?
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Sin317
Banned
Posts: 24322
Location: Geneva
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| Posted: Wed, 3rd Mar 2021 08:17 Post subject: |
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@DXWarlock You're using a lot of 'but what about" to defend this issue. Just saying 
It's like saying, and it's just a silly example not an actual equation, that Hitler wasn't that bad, because smoking killed more people, than he did ^^.
Anyway, when it comes to the energy consumption, IMHO, it really depends on where that energy comes from and it's impact. Like in the example above, Inner Mongolia, it's basically all coal, so using it is bad, no matter how you look at it.
Anyway, saying something isn't bad, because it isn't the worst, doesn't necessarily make it good.
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DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
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| Posted: Wed, 3rd Mar 2021 15:42 Post subject: |
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I'm not defending. Id care less if they all stopped mining tomorrow.
I guess I'm just pointing out the dishonesty when they compare it to a thing, without a counterpart for reference.
Its like when they gov wants to stop spending money on something, they can always throw out how much is spent on it, because ANY amount the govt spends is huge to citizens and sound shocking. "They spend 76 million on public broadcast TV". People gasp...
Until you counter point they spend 126 million across all federal building lunch machines and pastries, or 86 million on toilet paper and paper products (for govt buildings, prisons, public restrooms). as the meaning and real size of those numbers is lost without context of scale.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
Last edited by DXWarlock on Wed, 3rd Mar 2021 15:49; edited 2 times in total
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Sin317
Banned
Posts: 24322
Location: Geneva
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DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
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| Posted: Wed, 3rd Mar 2021 15:51 Post subject: |
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Where is my false one? Its apples to apples K/M/GWH in numbers.
It doesn't seem disingenuous they always compare it to some abstract thing such as a country, vs more tangible related things to make it have a scale comparator like:
"Mining using as much as 3/4 of the power that world wide pool pumps and hot tub heaters do". (probably less than that, random percentage I made up for sake of example only. All I can find is for California for annual usage of it and its like 1/10th mining by itself. But I know my pool pumps is 1500 watts 8 hours a day for our house's pool.)
Or
"Uses as much power annually as a season of football/soccer stadium games".
Because doesn't sound as 'menacing' when you put it into things people can relate to usage of. And less easy to talk them into getting the pitchforks if they say it in a way that relates to something you yourself do that is just as wasteful.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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Sin317
Banned
Posts: 24322
Location: Geneva
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| Posted: Wed, 3rd Mar 2021 17:09 Post subject: |
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The whole "it's not as bad, because X is worse". That's false equivalency.
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DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
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| Posted: Wed, 3rd Mar 2021 18:25 Post subject: |
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I never said it wasn't bad. Just because I point out worse things doesn't mean I think its not significant on some scale, or useless to discuss. BUT discuss it in a context, not a bubble.
Its not even in the top 10 suspects of useless shit we waste power on.
We all game, it uses more power globally annually than mining by an order of magnitude. No ones is trying to ban gaming. That would have a far larger impact.
But they always want to clickbait a "Crypto is a major power drain, and top threat to the environment."
Its A threat sure, much like a 101 other things we do as pastimes that are far worse than it for wasting power.
Is it useless? Pointless? Probably, but no more than me using 1500watts for 8 hours a day to clean a pool I use maybe 8 hours a year. Or me driving fake trucks in a sim game for hours, or building fake cities in skylines.
I'm not defending its merits or downplaying it. It is what it is. Just trying to highlight they are disingenuous on the hypocrisy of reason for outrage. Or at least being purposely selective of what they want to outrage about power usage for.
Pointing out the way they convey it, in vague terms and obtuse comparison is an attempt to ploy on the public ignorance of general consumption of power of a vast majority of things we do as a collective, to label it a dire problem as they are.
If we point out the thing we want to call bad, and compare it only to something you cannot wrap your head around but know in a vague way is large on personal scale (a countries usage) then it seems top tier problem.
Like me. I dont do sports. I feel its a massive waste of power, time, money, and resources globally to watch 2 sets of colored outfits fight over an inanimate object for arbitrary points. But I dont campaign to stop sports just because I dont 'get' it. Because I know its just one on many many things we do as pastimes using the same power collectively as some countries, and just 'wasting' it.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
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Nalo
nothing
Posts: 13515
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| Posted: Wed, 3rd Mar 2021 19:09 Post subject: |
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Last edited by Nalo on Wed, 3rd Jul 2024 05:41; edited 3 times in total
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| Posted: Thu, 4th Mar 2021 11:00 Post subject: |
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re: savings account? Did you watch all the video you post or understand inflation?
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| Posted: Thu, 4th Mar 2021 14:27 Post subject: |
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didnt u see the word sucker , yes i know all of this that it decreases value over time, but its not like im sitting on millions, also any transaction larger then 1000 eur gets reported to taxes automaticly in belgium so little incentive to make big moves or lots of trades either
heck right now in belgium ur paying the bank negative intrest money for any accounts 500k+ lol, banks are total scum
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Sin317
Banned
Posts: 24322
Location: Geneva
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| Posted: Thu, 18th Mar 2021 15:06 Post subject: |
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So the Muricans are getting their stimulus checks, it seems a sizeable portion of the recipients is planning to invest in stocks and crypto. Any ideas, how big do you think will be the effect on the markets?
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Il_Padrino
Posts: 7543
Location: Greece by the North Sea
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| Posted: Thu, 18th Mar 2021 17:07 Post subject: |
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Quite big, I'd assume, looking at the charts from the end of 2020, after the previous stimulus.
There must have been a door there in the wall, when I came in.
Truly gone fishing.
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Sin317
Banned
Posts: 24322
Location: Geneva
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| Posted: Tue, 23rd Mar 2021 09:51 Post subject: |
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| Posted: Tue, 23rd Mar 2021 15:47 Post subject: |
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ofcourse, they gonna time it before the crash value to get maximum gains, dumb money is once again running out after this last stimulus
heck u even have banks now try and find suckers within their own customer clientelle to dump their bitcoin positions on, its 2008 all over again
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Sin317
Banned
Posts: 24322
Location: Geneva
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| Posted: Wed, 31st Mar 2021 17:57 Post subject: |
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if ever, Filecoin is skyrocketing.
Converted 20CHF worth of it 3 days ago, now it's already worth 28CHF and it doesn't want to stop, lol. Converted some of my other cryptos into it and wanna see how high and far I can ride this wave, lol.
(+125% in last 7 days, +25.5% in last 24h)
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Sin317
Banned
Posts: 24322
Location: Geneva
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| Posted: Thu, 1st Apr 2021 15:40 Post subject: |
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Another +40% in the last 24hrs...
Yesterday I had like 130ish CHF and now 180 CHF
Ride, Baby, Ride!
https://www.reddit.com/r/filecoin/
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| Posted: Fri, 16th Apr 2021 12:38 Post subject: |
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Last edited by paxsali on Thu, 4th Jul 2024 23:07; edited 2 times in total
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DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
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| Posted: Thu, 22nd Apr 2021 23:01 Post subject: |
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| Page 21 of 36 |
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