Quote from: Metroid on September 19, 2020, 07:43:26 PM

Quote from: arielbit on September 19, 2020, 07:13:19 PM

you as a trader is wise to monitor the mining world hehehe, what happens in the "trading dimension" (where is full of shit and "abstract-manipulative-secret" words) correlates with the "mining dimension" ...in short, "mining dimension" is "one of the signals" where a trader should watch Grin

hehe, well I have been in this website since 2013, yeah good traders are well informed about mining because that is where have been the source of the coins, they need to be, trust me, but things have been changing due to pos and that has been bad to the ecosystem, any coin that doesn't need to be mined is bad, look what happened in 2017-2018, icos, none of them needed to be mined, look what happened, it crashed everything, people had no idea about it, they thought icos were like eth or btc and they bought without thinking, mining at least there is a total number of minted coins everyday, with things like defi we have no idea about if billions of coins can be created at whim, so you can't invest on that thing if you dont know where that thing is headed, defi and icos rules can change anytime, with pow rules take time to change and that is not easily changed. So if you understand about mining, you will be a good trader because you know the depths of it, its limitation and from where it can go. To me all coins that can't be mined are scams, personal opinion of course.

This is what a lot of the naive new people don't understand. Mined coins take minutes and sometimes hours of work to create and have a group of people (miners, pools) who support the coin. Plopping out 10 billion coins of some wonderful new coin that says it can do a myriad of things without having any functional implementation just makes it hopium. The quick traders will pass it around like a hot potato taking equity from naive new entrants looking for a quick win.