Quote from: LoyceV on Today at 07:09:48 PM

The Bitcoin-equivalent of investing in gold mining would be investing in Bitcoin mining. I don't expect that to happen though, it's totally different. A gold mine and the company that owns it can expect long-term productivity, whereas a Bitcoin miner sees his hardware quickly become obsolete.

I think a lot of crypto mining firms are holidng onto a lot of their funds as well in hope that the price increases... You can generally get away without reading an electric metre for a copule of months-years here - I doubt it's much different anywhere else and it'd proabably make it more lucrative for them as they scale up to just wait on it.

Quote from: HeRetiK on Today at 06:45:42 PM

... secondly he stated that he doesn't understand Bitcoin and is not willing to invest in something that he doesn't fully understand. Which I can only respect since honestly it is a kind of level headedness that is often missing in crypto.

Yeah most people get stuck learning about crypto so he probably thought he might've got stuck there too. I think there's an extremely high learning curve if you're not accustomed to science/computing before moving into crypto.