You Will Make Two Hundred Million Dollars By Doing This
But it will be Zimbabwe money.
First, send me $20 USD. Then I will send you at least $200 million in Zimbabwe money. (Void where prohibited by law.)
There was a guy who promised he could make you a millionaire. But you had to start with a billion dollars. That might work, too.
And what you're going to discover is there are wild opportunities for a few people. If you have to know the odds, the late Felix Denis (the magazine magnate behind Maxim Magazine) puts your chances of getting rich at 1 in 4 if you make a serious attempt at it. And his reasoning looked pretty solid to me at the time.
50 Cent publicly committed to "Get Rich or Die Tryin'". At his peak, his net worth was $100 million.
Not that long ago, it was much easier to strike it rich in crypto currency. People hear about the guy who left $200 million in Bitcoin on a hard drive, then absent-mindedly threw it away.
Colleges could never produce enough software developers to meet existing demand, but the students all see huge opportunity in Machine Learning, which is doubling its computer power every 3 months, putting even more demand on the strained GPU market.
At some point, getting a stack of GPUs will be the new college degree if machine learning succeeds at increasing the income of those who have one. (Psst. It already has. Crypto miners are already making 2 to 4 times as much renting GPUS to machine learning researchers than they were making with crypto.)
If you've got investments paying for themselves in 90 days that keep doubling, how hard can it be to get rich in technology? It might be easier than ever.
As long as another EMP doesn't wipe out everything. In which case, we've all got bigger problems in a world where almost nobody knows how to chop wood.
But as long as the sun keeps shining, it looks like technology is the new lottery ticket of the every-man. Even as society crumbles around us and tyranny reigns, as the world burns and the crowds riot, the college students run racing to get rich.
Remember the guy who can't remember the password to his Bitcoin millions, and think, "Hell, if these idiots can do it..."
There are thousands of ways to lose your crypto currencies, even if you somehow succeed at obtaining some. Losing money is super easy to do. Drunks are absolute masters at throwing it all away.
But crypto miners are eating up all our graphics cards for some reason. Either they're smarter than us or dumber than all of us. I believe the 80/20 rule applies here.
They see something with a 250% annualized return and it doesn't occur to them to start by figuring out how much they'd need to retire on those returns.
Hint: $5,000 isn't gonna cut it unless you're ok living on $12,500 per year.
So don't quit your day job.
If your annuity cranked out 250% returns consistently every year, that would be one thing. But sometimes, crypto assets under-perform for YEARS, even in the best circumstances, such as a big, stable "blue chip" coin like Bitcoin. Or some fork thereof.
Most of the time, the prices lag far behind any reasonable assessment of their true value and you're shaking your fists at the whole world for being stupid while you wait 3 long years for your real genius to finally pay off.
This is news to you? That most people are irrational? If so, maybe you're the one... ok. I won't say it.
But I'm thinking it.
My above analysis (basically a few lines on paper) shows we could be seeing another huge surge of crypto-coin optimism in the near future.
But it's nothing to get excited about. Because that's the time to get out. Because when people are optimistic, it's time to sell.
And when others panic and start shooting themselves, jumping out of windows and axe-murdering one another, it's a great time to buy.
You Are Here
As I see it, we're now in the "reasonable" zone, where this asset (Bitcoin) may be more reasonably-priced than usual.
Making this a fine time to sell some of your holdings to help you pay the bills after a long, multi-year crypto winter.
Here's how I see the market:
1) I only look at long-term log charts. I don't care about the short-term. Why not?
Pretty simple, really. If you were a surfer, you'd know big boats make big waves and could throw you off your game. But even the biggest boats can't fake a tsunami. Surf the biggest waves because God made them.
Want another metaphor? Pick up the Bible.
2) Most of the time, it's time to buy. Because, as this chart clearly shows, the market is irrationally pessimistic MOST OF THE TIME. Probably due to anti-crypto propaganda. This creates great deals because we're almost always in the zone of pessimism.
3) In the rare middle zone, a time for the reasonable investor to exercise caution, it's most reasonable to sell some. (Or hold, due to high transaction fees.) Because it might still be awhile before the idiot market completely loses its damn mind as usual.
4) In the high zone, I'd sell it all. Sell it fast. You'll know when we're in the high zone because you're hearing about nothing but BITCOIN on CNN, stories of people striking it rich, your Grandma pushing you to invest in crypto immediately.
That's when you sell. When the shoe shine boy is giving you stock tips, it's time to get out of the market.
As I see it, anyway.
If this chart is an accurate reflection of reality, then we're about to see the biggest crypto coin push there's ever been. Round-the-clock coverage on television, radio, news.
Why? Well, it's time. Secondly, they want to cover anything and everything but Biden's constant screw-ups.
I can't believe people still think anyone voted for him.
Like I said, mining is about getting a discount. But it's still a buying strategy. We're soon entering a bad time to buy. Which means there ain't no good buying strategy. The time to mine was when it wasn't profitable.
Investing means spending money and expecting a return. Not flipping a switch and turning on a money-printing machine. That's ludicrously, disturbingly unrealistic even by looney bin standards.
Sometimes it works but I mean, God probably does that just to lure a million weak-minded suckers to their financial doom because he hates people worshiping money instead of Him. He's really not a fan of idolatry.
Some modern graphics cards are still slightly profitable, even in bad times. If you look for "what crypto to mine" and "what to mine crypto with", you'll find the coin and card you're looking for and nobody can stop you.
Except the complete and total unavailability of cards. Which is kinda going on right now. If you know any gamers, (idoloters) who f*** their video game system for dopamine spikes instead of their girlfriend, then you've probably heard about the greedy, evil miners and scalpers who are ruining gaming.
And because gaming is ruined, they might actually be forced to have sex with their girlfriend.
And we all know you can't say "gamer" without saying "gay."
But we all expect there will be a mass influx of cheap cards after the next crypto crash. It looks to me like it might take a little longer than I wanted, and those cards might shoot up in value for a little while longer.
Or maybe I'm reading the chart wrong and we've already peaked. Doesn't quite seem like the top, yet. I can't detect that all-pervasive crypto-frenzy smell in the wind.
Maybe because I've jettisoned literally everyone from my life who obsesses about such things.
But I'd say now's the time to start selling while people are buying.
But I wouldn't sell it all. There may be another couple of weeks before the crash. Hard to say. But I'd probably sell off at least 20% per week and keep watching as it develops, assuming we're approaching the projected peak of frenzied insanity.
Easier said than done.
Another way to profit from the flurry of buying is to sell refurbished graphics cards, gear, wiring, bots or whatever to the tidal wave of complete idiots. No offense, idiots, but I learned it from Joseph, who helped the Pharaoh stock up on grain before the famine, then "scalped" it when the grain ran out, consolidating all of Egypt's day-to-day power under Joseph. (Read your Bible, for Pete's sake.)
To some extent, buying low means timing the market, especially getting in on the "ground floor" of an opportunity.
In hindsight it's clear that 5 years ago would have been a good time to start investing in crypto. 20 years from now, it might look like everyone who didn't start investing in crypto by 2021 was a complete idiot. Timing!
Timing helps you "buy low". But low is kinda relative. There are other costs to consider.
Some things are cheaper when their a used or high-mileage model, in which case good things come to those who wait. Women, for example, depreciate over time, while men appreciate. Meaning they're worth more as they earn more.
God warned you the devil would trying to tempt you out of your immortal soul, right?
To mine for crypto assets even more cheaply, peasant miners might set up their own power-hungry mining rig, turning small dollars into bigger dollars.
At least enough to cover the electric bills, or else there's really no point in buying the cards. You'd just buy the coins directly and call it a day.
Which is what most investors would be forced to do, knowing nothing about the amperage rating on the 12-volt rail and whether the 18-guage wires coming out of two, 100-watt+ power supplies can handle the current without igniting the insulation.
If a crypto miner wanted to save even more money, they might use "free electricity" (that someone else is paying for). Morally speaking, this is a form of theft, of course.
People worry terribly about the loss of money they've worked hard to earn. But they don't seem to care about the thieves who steal the priceless years of your youth in universities, or the millions of dollars you could have made by following better financial advice ten years sooner.
So what if being a landlord is a pains sometimes? It's free equity. Millions of dollars worth. So hire yourself a night plumber to handle emergencies and only invest in properties that cash flow enough to pay a manager to collect rents for you!
But poor people love the endless luxury of NEVER doing any worthwhile thinking. And not suffering the indignity of tolerating smart people who do.
In between congratulating themselves for being "faithful" in an endless string of serial monogamous relationships because it's all the rage, they'll also use divining rods to find water and ask a gypsie to read their horoscope, avoid breaking mirrors and turn around when a black cat crosses their path.
What they don't typically do is refurbish dead graphics cards.
And that's a shame, since it's so much easier than cleaning a carburetor, has a relatively high success rate, and potentially revives dead graphics cards worth over a thousand dollars.
A free refurb'ed card will pay itself off in less a month. Less than a day, probably. Especially if hocked on eBay as the feeding frenzy of buyers snap up everything with an RTX sticker on it.
Pretty sweet way to get into mining, if you're gonna. Paying for the nice, new card by selling refurbished cards is also an option. But at some point, you're going to be building up some pretty bad karma points if your cards keep failing after their 30-day warranty period. Which is a possibility, by the way.
If you're "buying" crypto with a free card you refurbished with ten cents worth of cleaning spray and maybe a heat gun in less than an hour, then selling off the crypto you've mined with it AND THEN SELLING THE CARD at the peak of the market to clueless newbs, then (at first glance) it appears you're putting all the odds in your favor.
Unless you burn your house down with a super-sketchy rig made with super-cheap, over-loaded wiring, you've got the potential to earn a whopping SOMETHING HUNDRED PERCENT ROI!!!
These are the risks every serious investor has to consider. Especially if they don't know which wire can carry the amps and which can't. (If a wire is too hot to touch, it's not a good sign.)
If you really want to make a couple hundred million, learn how to invest in real estate instead. Drooling idiots make millions in that business because it's virtually impossible to invest $5,000 and sit around waiting for it to grow into a retirement fund all by itself.
Because only in crypto "investing" people are that autistic.
Mining while e-begging while running an OnlyFans to pay for their hormone injections. Manly stuff, eh? (No. Not really.)
Especially when you could be making 2 to 4 times as much with virtualization, renting out your low-spec (quad-core or better) systems to neural network researchers, gamers, or work-from-home office jockeys who gladly pay 5 cents, 19 cents, 40 cents, 77 cents per hour (or more) for occasional access to a bare-bones workstation with a graphics card.
And a one-quarter share of your 128 GB SSD card for storage. Yes, really.
If you do any of that super easy math, that kicks the nuts off of every crypto currency there is. But crypto nerds, while good at math, aren't good at knowing which math to do.
For example, shadow.tech runs a service that lets you rent a gaming-class graphics card starting at $11 per month on a one-year contract. Or about $14 month-to month. Turns out there's a market for that. Several markets, actually.
This kind of a market is much more stable than crypto. And predictable. Its growth can be explained, charted, diagrammed, and discussed. Crypto cannot.
Institutional investors like stable and predictable things, and they literally have billions of dollars to push in those directions while hanging out with powerful elites who drink children's blood.
Personally, I'd rather rent out a rack of my hard-won GPUs to gamers than to mining algorithms. It pays better and there's less wear and tear on the cards. For some reason, they start to get all dusty whenever their fans start going spinny.
I don't like doubling my money every ten years. Or every three years, either. And I don't like making money two or three months of the year whenever "crypto is so hot right now."
How do you rent out your machine to gamers and businesses and scientists? I mean, you'd probably find that with an internet search, too. But if a million people do it, there won't be as much profit unless the demand grows faster than the supply.
If you think about it, there's probably a reason Amazon.com has been selling access to virtual machines on their servers rather than grinding a million graphics card into dust for peanuts.
That's because 250% ROI per year is too low a return rate to entice a really big company.
Some way to treat a friend.
And if I told you about the kind of profits Apple makes off the "rubes", you'd pray for our enemies that God would show more mercy on the idiot leftists who own iPhones, and drop to your knees in gratitude for the light and blessings he shines down upon the PC master race.
What keeps the prices high is that YOU can't do what Jeff Bezos and Google does.
You can't rent out YOUR machines. No, peasants, NOOOO!!
Because then you'd pay off your investment in about 2 months instead of 2 years. Now that's a business model.
But it does involve cleaning and refurbishing dead GPUs you worked hard to seek out and collect. And that... well. It seems a little bit like work!
>Sigh.< Seems to be no way around it.
But if you're a millionaire and have 10+ years to grow your money, you can invest your 100 million dollars at 7% for 10 years and turn it into 200 million dollars.
And be sure to discuss it with a competent financial advisor. Not some random blogger on the internet.
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