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Bitcoin...Cryptocurrency
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China doesn’t own the dollar. China’s economy is based on the dollar, because, well, the entire world is based on the dollar. That’s because the American dollar is the most stable currency in the world. And to that point, the guys rallying behind ripple’s increase need to realize or at least acknowledge that ripples value is based on the price of bitcoin. So ripple may rally compared to bitcoin...but if bitcoins value against the American dollar has dropped, what have you really gained??
I was big into crypto last year, and I still think the block chain technology is legit. But you can’t make money in crypto if your ultimate goal is to cash out in American dollars. The US government, and the world to that extent, won’t allow an alternate currency to surplant the American dollar as the world currency
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China doesn’t own the dollar. China’s economy is based on the dollar, because, well, the entire world is based on the dollar. That’s because the American dollar is the most stable currency in the world. And to that point, the guys rallying behind ripple’s increase need to realize or at least acknowledge that ripples value is based on the price of bitcoin. So ripple may rally compared to bitcoin...but if bitcoins value against the American dollar has dropped, what have you really gained??
I was big into crypto last year, and I still think the block chain technology is legit. But you can’t make money in crypto if your ultimate goal is to cash out in American dollars. The US government, and the world to that extent, won’t allow an alternate currency to surplant the American dollar as the world currency
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Hey there folks, just wanted to ask a brief question. I've been following the market for quite some time now and decided to try out cloud mining as a side source of income. I've read some cloud mining services reviews for 2018 like this and the emount of predictable profit seems quite good. Is these numbers are safe to believe or what? Would appreciate any advices on the topic.
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I mine with my own equipment, it's not profitable with today's prices. Never looked into cloud mining but am aware of it, always wondered if they have computing power just sitting around why they wouldn't just mine for themselves and keep 100% of the profits. By selling computers power only and passing the profits along to you they're just giving money away for doing the exact same thing so it just strikes me as strange.
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