No it’s definitely not new. I have a very good top indicator that is when I login into bitcointalk and head to the mining section and see brand New accounts asking how they can mine “Bitcoin on their MacBook” or how “They can mine crypto’s on their iPhone”. That’s usually a definite giveaway that we are near a top.
There are so many videos and tutorials on YouTube these days that take you step by step and it’s all you need to watch whether to get in or not but people don’t bother to watch those or do research. The usually just go out and buy $10k’s of computer equipment on Newegg pretty much maxing out their credit cards and a few weeks later they realize that mining isn’t a get rich scheme as they assumed.
Yes exactly. I couldnt explain it to my friends. They are asking what gpu to buy? im saying please wait, they got mad at me they think that i dont want them to start mining.and most funny thing 1400-2000$ they act normal price for rtx 3070 There are so many videos and tutorials on YouTube these days that take you step by step and it’s all you need to watch whether to get in or not but people don’t bother to watch those or do research. The usually just go out and buy $10k’s of computer equipment on Newegg pretty much maxing out their credit cards and a few weeks later they realize that mining isn’t a get rich scheme as they assumed.
