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In this case, I would probably call DOT my favorite, because I think this project is waiting for tremendous success. It reminds me of ETH, which was also growing in value and making great strides. Look how much ETH costs 1600 now. DOT will cost more.
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99% is too big, but at least 30%-40% of people are blindly buying anything they see. And most of the time they don't care about the price or what is behind that token or coin.
But I'm not complaining at all. These people are our chance to make good money.
This is how the market works, isn't it? Market makers create a fomo that works for people with common sense and it is with this approach that you can earn money. In other cases, the chance to earn is no more than in a casino. |
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As you know, BTC price is backed from around $42000 and ETH is going upward, so this is difficult decision to invest $100 in BTC or ETH; I suggest you should invest in ETH because there is more chance to reach more than $2000 ETH price in few months.
Reaching $2000 within few month for ETH is kinda hard I guess? AFAIK eth trend always follow bitcoin and if bitcoin didn't also double its value I think reaching that kind of price gonna be really hard. Not to mention the ridiculous fee making a lot of people moving over to another blockchain platform. ETH really need to sort its problem first before reaching that high of price because imagine reaching $2000 but the fee gonna be around $30 a transaction while many ERC20 tokens also depend on ETH blockchain that's what I call insanity. This is a problem that they have been trying to solve for a very long time and Vitalik has not made progress in 3 years. As far as I remember, there have been talks about switching to POS for about 3 years. Unfortunately, I am not a mathematician and not a cryptographer, but apparently the problem is either impossible to solve or, on the contrary, it is beneficial not to solve it |
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I am seeing a big increase in market activity in favor of the DOT project, which can rightfully take some users from ETH, since DOT has a very interesting approach to placing other projects on its network.
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Hello friends i have around 200$ in Ethereum. I want to invest for getting some profit. Tell me about your experience. What tokens or coins are best for invest this time.
In your case, I would probably just leave this money in the ETH coin and wait for it to double its value or triple the coins. The ETH project is developing better than all other cryptocurrency projects, so it's better to just leave them. |
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cut your money pool in two parts and invest in ethereum and bitcoin. both of them are growing. with different speed and in maybe different periods but they both give profits.
Yes, you are completely right, I would add that the technologies are also completely different and the development will take place depending on the advancement of these technologies in the near future. In terms of diversification, I totally agree. |
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I've never dreamt of having or launching my own coin because I don't think it's that easy. If it was, I large percentage would have their own coin by now. I just want to participate.
But is today a little cryptocurrency projects? I think that there are a lot of them and today a really large number of people are trying to make their own projects. I am sure that the whole thing is solely to rob ordinary people. |
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I think people who have done mining before will start doing it again. Because they have seen the cryptocurrency market that has begun to recover. If this continues, of course the people who do the mining will come back again. Because it's impossible to mine if the crypto market is low.
Perhaps this is true, but do not forget that people have become smarter and the power that would give today the opportunities for mining has become more and they are only improving. I think it can create more competition. |
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Mining won't be profitable anymore, never. It is because most people only care and interested on popular coins. Imagine how hard they are, the first crypto adopters to build a successful coin. If people support a small or unpopular coins, they might have a lot of profit once the coin become successful.
Big respect for early Bitcoin, Ethereum, and other cryptocurrency adopters!
I support the view that the mining of large projects on a small scale is really not profitable. Today it is more profitable to speculate mining of small projects. Here chances really grow very quickly. |
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I didn't want to make my own crypto currency because I don't have the technical knowledge to do that, need to a good core team to create cryptocurrency but i'm not interested with softwares enough and I don't have a team.
It turns out a vicious circle that in general does not make sense, why then even talk about the team and the software, if you do not want to do your project? I did not understand, then just write that you do not want anything. |
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Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?
Before the price increase, mining was also beneficial, but only for those who did not have electricity costs. Is it today not profitable? I’m not talking about Bitcoin mining, because I know that today small farms are definitely not profitable. I think it makes sense to try mining on new coins that have the possibility of 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.  Back in 2017, anyone with sufficiant motivation and skill could make good money creating and marketing a coin, but nowadays what will determine success is use case. We already have plenty of coins out there. What I'd recommend for entrepreneurs is to pick a coin and build on it if they want to make a name for themselves in the industry. There are plenty of solid protocols out there. Today, besides already a large number of a huge selection of projects, there is an SEC that oversees scammers, but what will happen to them later? Will they be punished? Today there is no answer to this question. But if your idea is really very cool, then do not be afraid to implement it. |
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Price has very little to do with it, well sort of. It ties in with the mining difficulty. Most cannot compete with countries that pay under $0.05 and sometimes almost free for electricity. You cannot mine in London or Newyork and expect to make any good profits when you up against Chinese farmers which industrial sized warehouses. They also get the best miners first before anyone else.
This is true, a lot depends on the price of electricity, many countries that today have a heavy load on their territories cannot afford mining, as mining prices will be higher than the profits from this mining. |
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I think I would say yes, that's a legacy I want to have in Cryptocurrency. But that's still a dream. I am still in the process of thinking what project will I create to help mankind. With the help of some colleagues and some investors, I think it is possible.
It is very good that you think from this point of view, because people need good ideas and their implementations. I hope that you still come up with something interesting and we will take part in your project. |
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In order to get a good profit from mining, first of all, you need to have many powerful devices and constantly update their technical support, as the complexity of mining is constantly growing and more powerful devices are required if we speak for the top cryptocurrency, then it is not particularly profitable get good money.
Therefore, I say that today mining is developing on an industrial scale for the extraction of BTC. This is the main direction for mining, which will definitely bring money, all other options will not guarantee you that you can earn. |
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I think it's too long, difficult and unjustified. If you do not have any revolutionary ideas - it is better to leave this idea and help someone to develop his idea.
And I think that everything turns out the opposite. It has become a lot of people who have found a way to make their tokens and give out ideas that were before to new market participants and most likely they even get something. But I think that it will be punished very soon. I do not know what is the point of making my own coin for myself. The whole meaning of this Ania lived only consists in greedy intentions. If of course there is a good idea. And a real project that will be in demand in society, then this is a completely different matter. This is what I meant. Of course there is no point in making tokens or coins that will not be used, although often we see just such an action that most people still have such tokens today and they are worth nothing. |
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yes, mining will return to profit if the price of bitcoin remains as currently at $ 8,052. for me this is enough to be able to provide benefits to the miners, and quite in accordance with what they have to spend.
Perhaps you are right, but after all, mining farms have become very labor-intensive in terms of electricity, because I have very often seen the statistics that people now have to pay big fiat money for electricity. Do you think the price will pay off? |
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I think it's too long, difficult and unjustified. If you do not have any revolutionary ideas - it is better to leave this idea and help someone to develop his idea.
And I think that everything turns out the opposite. It has become a lot of people who have found a way to make their tokens and give out ideas that were before to new market participants and most likely they even get something. But I think that it will be punished very soon. |
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Probably yes. Because the higher the price the more relevant mining. Because it will become profitable. Previously, when the price was not expensive, then mine was at a loss, and now you can earn.
This is not always the case; of course, there can be a lot of things, but the higher the prices, the more industrial farms appear, which today work and make cryptocurrency too vulnerable. Still heard about the attack 51% |
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Thoughts that very often torment me about why I have not done some interesting project before have come to my mind many times, but now that the SEC has begun to seriously regulate this sector, I’m not worried. I think that sooner or later, many people will go to jail.
I also feel very helped by that, so that fraudsters will be more careful and that will make the project scam less so it will be very beneficial for us to invest in ICO. so I also don't think about making coins myself but I prefer investing. but sometimes I really am interested in the benefits of making an ICO and sometimes I fantasize about making an ICO. Why fantasize if you can start doing your project? It is not difficult, all the technical moments today you can find on the Internet. I do not think that it is difficult, if there is a desire to do something. |
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