Topic: A New Hope: Why are s9s so expensive or How I learned to stop worrying so much (Read 137 times)

Hey, I'm new here, probably a screaming red thing that says that around here somewhere, that's cool, I'm not going to ask you for money or anything. I looked into bitcoin mining some months back, did the math, it seemed a bit dicey on the profit margin. Obviously that's changed. I wish I had pulled the trigger then but that's not especially helpful now. Did I miss it? Is it over? Will I ever see a boom like that again? Can I make it back and maybe a little extra for my time? Worry worry dither dither, Life is passing by.

I decided to go for it, but as you know.... I can no longer get $1600usd Antminer S9s. Because Resellers! They buy them up, they speculate on the market, they invest, they drive up the prices!!! Those turds!!!

Of course, after reflecting on things a little more cooly, it all begins to make a sort of sense that fills me with optimism and hope. It's economics 101, supply and demand, the free market, the invisible hand! Now let's spin that outward a bit.

Because guess what's happening in the real world markets! Investors! Bitcoin options, financial investment vehicles, real money. And of course, what that will do.

Investors will buy them up, they will speculate on the market, they will drive up the prices! I'm sure there will be corrections, and the inevitable shorts, but long term I see growth!

The future looks brighter, and all is right with the world. And Resellers aren't so bad after all.

So that's my thoughts if anyone cares.
Boosted my post count!
Cheers