Lots of programs out there that handle literally everything for you in exchange for like 2% of your mining.

I've spent 6500 on 3x 3090's

One in March, one in May, and one last week.

So far made about 2k, and am currently making between 25 and 30 dollars a day, with about $2.50 a day in electricity for all three. So pretty good.

The word recession is a fun one. What's coming is the entire debt spiral bubble and the collapse of the entire monetary system replacing it with even more centralisation and the ability to control everything. Going into 2022 without having full ownership of any Bitcoin is extremely risky. Lockdowns were needed and will still be used to reduce the money velocity to hide the inflation effect for the biggest printing frenzy of the century. I'm very confident that they will continue the funny money printing, there's no way out of this so they will transfer a maximum of wealth before allowing the bubble to pop

In short you believe in some conspiracy known as the great reset. Bitcoin as a store of value is pretty good but there are clearly more superior cryptocurrencies for liquidity purposes, cross border payments, settling transactions, and contractual agreements. I’d favor XRP and Ethereum over Bitcoin in terms of utility, especially utility as it relates to financial institutions rather than individuals collecting wealth. Your theory would hold more water if the .01% cared primarily about stores of value, they value economic means > sitting on a pool of gold like Scrooge McDuck. The pool of gold is great but they aren’t satisfied with what they have, they need a new system in place to continue taking in.

This post was edited by SSBBWGiantessLover on Sep 6 2021 06:43am

crypto, crypto and some more crypto

its literally a massive wealth transfer right now, but compared to other shit you can be a part of it as a regular dude



the collapse will take a while since covid is being used to push the inevitable some years back

but yes, there is a massive wealth and land grab going on right now



the great reset is not a conspiracy, they are openly talking about it

When hasn't it been a wealth transfer? Reagan, 2008 housing crisis. Do you believe crypto is going to be some type of equalizer? Do you think the retail investor drove the price of bitcon from like 12k to 50k in a year? That it's a common person currently?

I generally believe china will stomp on crypto if it gets to big. China has banned crypto and giving businesses the boot who uses them. I still remember the power China had over companies like NBA and Blizzard over Hong Kong. They'd follow suit if china asked to ban trading in crypto.

fair enough, but 2008 was childsplay compared to now

the forced lockdowns have destroyed businesses and let big players grab land/real estate like never before

add the destruction of basic rights by the state on top of that and it becomes truly unique

we have seen things in a country or two, but not in the entire west (except a few countries) at the same time

crypto is already big enough to be censorship resistant and in the unlikely event that it is not, i personally will still be able to convert my positions in time and be set up very well

works either way for me

Buy some commodities like gold or real estate, or hold onto cash and buy when stocks are low during the crash. Recessions are the best time to make money when you know what you are doing. You see blue chip stocks go down that are almost guaranteed to go back up.

Losing your job is tough depending on the industry, but most states will pay you for six months which is a pretty long time to find a new job.



Even with its hype, I would find it difficult to put more than 5% into crypto given its young nature with no history as a commodity.

The IRS also seems to get hard hunting people down for capital gains violations with crypto. (John McAfee)

This post was edited by EndlessSky on Sep 6 2021 09:24am

I would complain about the environmental concerns of using energy in this way,,, if I cared.

By maintaining a high household income and contributing to investments every two weeks regardless of market conditions.