It's never too late to buy a Btc. Just look at this image, or on the chart of the Btc and everything will become very clear to you.  Many traditional assets grow by 100 times too. Look at the Apple chart for example. But five or ten years ago practically nobody can predict such growth |
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I have tried the mining method. The yield calculation in one year does not provide a good advantage for us. We must calculate in detail the expenditure, so that we can calculate the annual income. I think it's better to go back to trading, or hold coins.
It's fact that the estimation of mining income is difficult task but it is also difficult to estimate trading and holding income too Another good option is to try POS coins. You can just keep your wallet online, start the masternode or to start validate network of a particular blockchain.
Could you examplify several project that can give good income now? What POS (not masternode) coins are profitable? And how it in general differ from simple holding? |
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I think hardware wallet have always been the safest, because it is not connected to the Internet and it requires physical interaction before it can get hacked.
But why do you need a hardware device? Piece of paper containing private keys is enough. Hardware device can't be hacked but can be physically broken easy |
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Altcoins can't be useless. Altcoins help Bitcoin to develop. Just remember that many Bitcoin update features were previously tested on altcoins. For example SegWit was tested on LTC and earlier on FTC.
So at least altcoins will be a test platform for further development of Main cryptocurrency
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I think that only when trading with Altcoins can you keep the level of a small income. I did not trade and my coins fell in price against Bitcoin 4-5 times.
Do you sold your altcoins? Or you hold them for a better time? I have several coins (not presented in current test portfolio) that lost more than 90% of their costs I bought them. In that terms I lost enough money. But untill I sell these alts I don't fix the losses. |
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I start learning the crypto minging, and what I learned in these days that's not enough but I can say buying coins or trading coins are profitable than mining! Mining cryptocurrency is not everyone's job, but trade can be!
I support you, buying coins is much more profitable than getting them, because I think that in order to buy coins you need much less knowledge It's true if you buy and hold coins (like in my experiment) But if you daily trader or trade in midterm timeframes you also need special knowlidge and skills. Trading is hard work |
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I think it's good decision to buy. Mining is very costly and risky.So my suggestion is buy different kind of potential altcoins it is the wise decision.
I can agree that initial costs to begin mining is higher than to begin trading because of you need to purchase, install and setup mining hardware. But what risks of mining are you talking about? |
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Week #3 Report (16 JUN - 22 JUN)| ### | MINING | ########## | BUYING | | ### | | ########## | |
| ### | USD | ########## | BTC | | ### | | ########## | |
Because of current explosive growth of Bitcoin we see so much reducing of BTC equivalent especially in mining category |
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Ethereum now looks like most stable investment. ETH currently is far from it's BTC maximum price and has a good growth potential. Unlikely it will be x10 or more but x3-x4 in BTC is very probable
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Mining is now an industry. You can't just mine with a pair of your spare GPU let alone your i3 processor (Excluding the useless coins, of course).
So, it would be better just to buy and trade. Even for new coins, it could be beneficial if you strike a deal with the miner before the coins get listed in an exchange.
You right that time of mining with single GPU\CPU is over. But mining with GPU farms or several ASICs is accessable for practically everybody. If you can solve noise and heat issues of mining machine you do not need to be a corporation you can be involved in mining |
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Are you dreaming to launch your own coin and ICO? How would your project look like? Which problems would be solved? How would you call it and which abbrevation? (like Bitcoin (BTC)) Would you do a big Bounty and Airdrop to make your project famous? I'm curious about your plans of creating a new ICO project and your own coin.  Launching own coin - it's nice. But... To make realy useful and quality project with good application is very hard. Really. It's like to make some techincal innovation or make a revolutionary discover. So it's a dream) |
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Do you know of any other real crypto (not token) that does sports betting directly on the blockchain with miner security and decentralized?
But what cons do tokens have? Tokens use ETH blockchain and it is much more secure than any other blockchain (except Bitcoin) There are betting platforms with ETH and directly blockchain betting. Just try to browser search 'ethereum sports betting' If VOT will suppose more userfriendly interface it will be great. But at the moment perspectives of VOT project are invisible unfortunatelly |
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If you are in the crypto mining space fro 2014, you should be a multi millionare by now. Mining ETH from the beginning yelded incredible results. Therefore it i hard to believe you.
The question is a business orientated. Make assumptions, get the the expenses and just calculate which of the options makes more sense ang go with that.
Do you always make right trading decisions?  Really? In Autumn 2014 Nobody didn't suppose that Ethereum will reach 1k USD. I had read about ETH and didn't invest during the ICO (It was one of the first ICO ever). But at that time the situation didn't look so good. And my first mining experience was with BTC ASICs like S1 and S3. I even bought liquid cooled C1 but it's also was not right decision. Enough times I lost crypto when exchanges scammed. Do you remember Cryptsy? Although now I'm in enough good profit. Of course not millions and even hundred thousands but cryptocurrencies give me good income and now I would like to make smarter decisions in future. So because of I began this analysys. It helps me systematize my knowlidge/experience |
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You may be a bot but I am going to answer the obvious anyway for the sake of others reading this. This is the only project with a great wallet and capability to run POLLs directly ON CHAIN with blockchain protection. The polls could be utilized for 2020 USA election polls by any media company and that would be huge for this project if anyone such as CNN or Fox utilize this for their polls. Another use of the polls could be sports betting where legal. The potential for anyone running a full note to start his own sports betting, its huge. Tom, the developer, also has a very long history on Github (over 7 years https://github.com/Tomas-M?tab=overview&from=2012-12-01&to=2012-12-31) and is very credible and reliable in what he does and his code appears to be impeccable. He is not a fly by night "Justin Sun Tron" kind of person. He has been around for a long time and even has his own Linux distro called SLAX https://www.slax.org/ . I've no question to Tom as a developer. I see that he working hard. But the promotion of VOT is realy poor. Nobody knows about VOT. I'm an early investor in VOT and I hold them from the very beginning. So I interest in VOT success of course. But after one and half year past VOT is listed at one small exchange and has practically zero trading volumes. Also sports betting with crypto is not an unique feature |
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Now is good time to invest in altcoins I think. Many of them are near the bottom of their BTC price and begin to rise. Just choose right candidates)
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You saw this potential coin last week. The price was rising, you made up your mind to buy later so you created a thread here with the subject "is it a good time to buy?". 3 days ago, you checked up on the coin again and it has increased by 20%, you were still doubting if its the right time to buy. Today the coin has increased by 50% of the initial price you saw and you are getting more confused. My friend take this from me, in crypto, it always now or never. Happy trading to you all!
If you buy new\small coin maybe it would be truth. But when you plan to buy high cap coins like BTC, ETH, LTC etc you need to analyze previous data. Current growth doesn't look healthy so a correction can occur anytime |
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It depends where you live. When you live in Venezuela you do not have money for buying, but you have cheap electricity so you can mine cheaper than rest of the world and get nice profit. But interesting idea of creating the comparison! I do not know about Venezuela electricity cost and stability. But for me now electricity is about 0.05 USD\kWh so I didn't stop my mining machine even in Dec'2018. But operating costs at that time (including amortization) was more than 80% of mining profit. Now it is about 30-40% of the profit (For comparision in 2017 crypto peaks it was less than 10%) |
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Exploring new markets with few thousand daily volume? Really? Until BTX reach decent enough exchange it's very unlikely that we see a growth |
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