If you have a clear investment horizon it becomes possible to limit the potential losses for even the riskiest investments, while still having a chance at a high long run rate of return.
The ongoing arms race in the development of Application-Specific Integrated Circuits (ASICs) has not just led to mining at an increasing scale.
Investments can be held for any period of time, ranging from just seconds to decades. The length of this period is referred to as time horizon.
The latest addition to Dogeconomist is the category “Personal Finance” and will include anything that revolves around individual financial management. Obtaining monetary resources is the starting point.
Proof of Work mining, such as implemented for Bitcoin, Litecoin and Dogecoin, is an extremely competitive process by nature.