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There are a few nice multi-wallets that offer a huge token selection, neverthelesss, for me the best option for ETH and related tokens is MEW... old and reliable, and of course, you have your own private key...
The key is to have your private key, backing it up safely (prefereably several copies and not on your desktop) and keep your private key only to yourself
Of course care need to be taken while using MEW (checking the url, etc)
keep your computers clean, do not share private keys, be carefull where you go to access your wallet and you'll be fine
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I think we are still on a bear market, nevertheless, these last week has shown that we are walking to a bull trend... alt season is here...
Although this is just pure speculation as crypto market is manipulated and market makers are the only ones that can know, I think it would make sense if they prepare the next bull run for the beginning of next year, with the dynamic starting at the end of this year...
good luck for us all
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there is undoubtedly some progress being made on the field of adoption, nevertheless, crypto users are still less than 1% of world population, so I don't believe it will be an immediate adoption... Crypto space is still to immature and crypto markets are still too manipulated and too low on users/volume to be able to substitute fiat currencies as a whole... as much as we would like for global adoption to be comming soon, I think it will still take a long time and huge development to get to that point. probably it will take a few years more...  |
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Seems with most coins your mining at a loss now and hoping for a recovery in the future.
only projects worth mining now are small projects you expect to balloon in the future otherwise your better of just buying BTC with cash
That's why currently I'm giving attention into Bitcoin most. Cause nowadays mining is not so much worth. If you`ll try to think wider, you can understand, that mining and convert to BTC can be more profitable then just buying BTC. Also, if you have rigs - if you sell them now - you cant get much money. And while they are mining, they makes everyday profit. But you can sit and wait profit. People complain too much and don't do anything to change the situation... research, read, try to think about it .... one of the tricks is to choose the right coins to mine other trick is to do your power calculations since the start and choose the best option and you can also accumulate coin to sell during the next bull run... so, people, please stop complaining because mining is defective and it doesn't bring profit.... a lot of miners are still at work, hashrate is growing.... so maybe mining is not the problem and you are? |
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people just do not understand a mining investment... it is always all about quick cash, if quick cash does not work, they say the business is not worth... the investment can't just be considered in very short periods... power costs must be accounted on your investment from the start, being the energy bills, or renewable energy source Hashrate is still here, and rising in most cases, so the famous ones who closed shop are the small and unprepared ... just imagine if you mine and accumulate... you could get to be a bit more independent from the markets  |
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great post my friend, this just sums it up and should be posted on the "welcome" message on the mining sections...
People are always seraching for someone to do their work for them and someone to blame if things go wrong... each one must learn and calculate what would be good in its own context and take responsibility for ones actions...
crypto brings people the ability to be in charge, but they need to take responsability
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Many miners are ready to mine even in the short-term loss in anticipation of a bitcoin halving.
Bitcoin is growing and those who previously shut down their farms restart them. We see the evident in the hashrate growth.
So yes we are still in the game.
It seems to me that it is still too early to increase profitability. Not everyone has sold their farms. Need another year of low profit! It is impossible to knock out all the players from this glade, as it seems to me. Already half have sold their mining farms or turned them off. But those who survived will receive a huge profit on the growth of the market which should be very soon. I guess it depends a lot on the energy price and/or the energy source. Hashrate is here and growing in most cases, so the miners that closed shop are small miners that didn't account for power bill on their initial investment. Most larger mines work on renewable energy... |
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Between these 3, I would definitely go for beam.
One of the things this choice depends on, is your aim while mining, for me, mining is all about accumulation and the profit to be taken during bull runs. So, this being said, and considering the fundamental analisys of each of these coins, I would definitely go for beam as they are building an auditable private coin and also working with japanese authorities (yes, the anti-privacy coins) to build a compliant system. I see a lot of potential here...
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I feel there is some energy building up... volumes are rising, market is finnaly starting to move away from bear trend...
In my point of view this will be a nice alt season with BTC between 4-6000, and bull run comming at the end of the year/next year
It feels this way, but feelings don't rule the market, so we'll have to wait and see...
Good luck my friend
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have you guys checked the new generation privacy coins?
Examples like Grin, Beam and Veil, that offer different structure and assurances concerning your privacy and anonimity...
you can choose the privacy level you want to, and in case of Beam, for example, they are working on auditability... and have the possibility to become compliant and private at the same time...
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I'm wondering what will happen to ICO if bitcoin goes back to 1000$ plus per one to find its bottom? Will ICO start dying off ? Cos presently ICO is already suffering from market condition and I'm wondering what ICO fate would be it bitcoin falls further ,any thoughts???
If BTC falls to those levels, it will be harder to find investors for ICOs, but ICOs are already dying off as the system is too prone to scammers and dreamers... ICOs will be adapting, please don't forget that everything in crypto is new and is only starting it's development... Anyway, although some badmouths were talking about BTC falling to those levels, I think that was always an exageration... and as you can see on price these days, I think we are off the woods |
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I definitely agree that we need to adapt constantly... and if on a bull trend is easier to have profit, on a bear trend is not so easy (good thng that these last few days the market seems to be moving) People are loosing money because they are always looking for high profits... the "get rich quick" still embeded since the last bull run is still present... I think you are right when you say that smaller profits, less risks, accumulation.... While loosing, instead of becoming desperate, people need to stop, think, and change strategy... good luck  |
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It has become increasingly unpredictable to know what would happen on the crypto market at any point in time. It is good to hodl some bitcoins though but it is equally important to note that the price of bitcoin is largely depended on few individuals who have the power to manipulate the market. Most analysis that are made on bitcoin are just made with mere sentiments and nothing else. Cryptocurrencies has always been a suitable venture for smart people but if care is not taken you may end up being misled by so called experts on the crypto market. It is good to invest your funds in bitcoin but don't fully trust crypto analysts without doing your own background research by reading wide.
woooowww, you almost read my mind just made a post exactly about this... the chart gurus are just doing the market makers bidding (some might know it, but I believe that a part of them doesn't even realise it), and the market makers keep on filling their pockets... People just had a great example about it... every expert was saying that BTC was going down, people shorted and boom... everyone lost their money... for the market makers pockets... Not saying that it is not important to look at the charts, but do your own analysis... if you are not an expert, the same can be told of the majority of so called "experts"... better a rude analysis made by yourself... |
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Bitcoin price spiked above $4,900 and fell back down to $4,700 almost immediately But the price continuously crawled higher and higher for the past 24 hours and it is now above $5k at $5,011 according to CoinGecko. This round of price spike has no obvious fundamental factors or news affecting it and is fairly confusing to most traders who shorted in Bitmex. Or are we possibly missing something out? Bitcoin price: $5,011 24h Low / 24h High: $4,180.30 / $5,037.31 24h Vol: $27,012,290,123 Market Cap: $88,306,071,582 https://www.coingecko.com/en/coins/bitcoinBTC definitely entered a new stage... The problem you need to realise is that the market is VERY small, and a few people control a very large part of the available BTC, so, people can draw the lines they want on the charts, but when a market maker decides do go in one direction... it just goes... They have been continuously earning money with traders that follow a few chart "gurus"... just think about it... on this last example, everyone was screaming that BTC was going down... and people shorted.... |
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I am still holding my alts... sure, there were a few that are/will be worthless, but nevertheless I am hopping that the remaining part makes a good profit...
Not looking for 1000x profit, usually, if we go after the maximum profit, we will loose more than gain. Don't be greedy...
The market seems to be moving and finnaly entering the bullish trend, so I am hopping that it doesn't take long for the holders to start getting profits
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it is natural that if you use the GPUs further, they would loose another portion of it's value. The exact price is relative to the intensity of use you apply to it, and the general price offer of used GPUs of that model at the time you sell...
Latest generations of GPU have a long expiration date... 2 years ago I've bought a few 1050Ti for an experience, and just noted a few days ago, that they are actually more expensive now, than 2 years ago (new)
On the contrary of ASICs, these don't get immediatly outdated when a new model is out....
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You are going for a bold move. Bringing a bunch of used gears from China and hope to use them 100% for 3 months it is a risk... have you done it before? ASICs usually need repairs after some months/1 year service
Thinking about it, if you do this quickly (before the next bull run), it will pay off to be able to get your investment back and also accumulate before the market starts pumping... but the market trend has already changed, and considering that the bull run arrives at the end of the year/beginning of the next I am not sure that there will be much time left ...
Please share if you jump into the train or not...
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