Quote from: adaseb on Today at 05:30:12 AM

Yes mining now is not profitable but it won’t matter. Whenever we had a strong bull market, I would come to the alt coin mining discussion and see some post about someone hearing about bitcoin and they want to mine it with their MacBook pretty much. Almost every cycle near the top this phenomenon occurs.

This is similar to how my close friends and family ask about bitcoin, it always near a market top. It could be a coincidence but it’s just something I observed from being in crypto for almost a decade.

The issue about mining right now in the crypto market in this case pre bull market is that thieves will only hype tokens they control and billions can be created in seconds then distribute to many other thieves in order to hype them and then cashout, I will never invest in coins that are not pow or recently put in the market as pow, be extremely careful with that, remember in 2013 and 2018, many coins that thieves pumped and hyped were pow, in 2021 a fraction only and the next bull market will be even less, meaning mining is dying, period. People dont know how to differentiate normal tokens from mineable tokens. So they will buy anything that thieves will tell them to, marketing.

Also, the story about FTX, luna, terra and other scams are still very fresh, many commoners are still afraid of that, something needs to happen for them to invest in crypto, in 2021 we had the covid money from the government, reason the inflation is still high to this day. Many people did not work, only consumed but like I said before thieves can do anything they want right now, if they decided to pump bitcoin to 100k they will do, they have the means with fake USD, the reason thieves are afraid of doing that is because that could be the end of the crypto market, easy money, thieves need a reason why a pump happens, reason they create many manipulative stories, example, blackrock btc etf, they need to show to idiots that the pump is not with fake USD.

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