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RE: How Bitcoin Mining is Affecting the Tech Industry
It's honestly ridiculous how AMD and nVidia have grown from the crypto industry. Apparently they might be launching a Bitcoin mining range of cards soon. Depending on how effective they will be, it might be a good sign to buy up some of their shares.
Yup but as I stated in my post, if the price increase in their stocks is due to the increase in mining then the crash of cryptos, if it does happen, will also have negative effects on them.
True. But when you say 'crash', do you mean crash forever, or temporary market down trends?
Because if it's only temporary, then it's not like so many people will just sell their rigs because of market draw-backs, if anything, they will hold because if the currency's shoot back up, then there is way more profit :)
I'm referring to a permanent crash. It's a big if, but everything is possible.
Best of luck to your investments!
I don't even want to think about a permanent crash thanks LOL :P Good luck my man. I have given you a follow! Talk soon :)