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Alternate cryptocurrencies / Mining (Altcoins) / Re: Ethereum mining reward shrinking
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on: February 27, 2021, 04:17:18 PM
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Ethereum gas fees will continue to drop which makes profits heavily decline. A lot of the uniswap trades have moved over to layer 2 such as quickswap. New miners are going to be left bagholding hardware worth less than half the price they bought it for. Its not too late to sell your gpus. You really thought profits would stay high? You know how many people would love to make an income from home doing next to nothing? This causes hashrate to skyrocket and profits go extremely low. The funny part is there are some success stories about miners that never stopped mining since bear market began in 2018, they mined some ethereum and hold till ethereum turn 1000+, aren't they the real winners here? Some said they spend more on electricity but isn't that for those who sold their ETH in bear market?
Sure they made money but would have been much better off just buying crypto with their money. |
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Economy / Exchanges / Re: How long does Hitbtc have withdraws offline?
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on: February 26, 2021, 04:54:36 PM
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Absolutely disgusting scamming exchange, go read the hitbtc reddit. They constantly play the KYC stall tactic, they straight up steal your money. They make you run in circles and after all the run around they never let you have access to your crypto.
STAY AWAY FROM HITBTC
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Alternate cryptocurrencies / Mining (Altcoins) / Re: When to exit
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on: February 19, 2021, 07:30:28 PM
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I do think mining profitability will drop tremendously over the next few months. That being said, I don't think crypto will ever experience huge crashes like it has before. (top cryptos). So much fiat money has been created recently, the dollar is losing value rapidly. Corporations are pushing heavily into crypto. This is not like the last bullrun and crash. Ethereum has a lot of room to grow and wouldn't even consider selling any before $4,000.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees
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on: February 19, 2021, 07:23:47 PM
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It seriously puzzles me how BTC supporters won't say anything positive about BCH, bitcoin cash is what bitcoin used to be. Low fees for peer 2 peer payments. I guess people will just shill whatever they hold and everything else is a scam though, lol.
NO. You can refer to the discussions that went on for YEARS. Keeping the blocksize small and scaling via layers is the tradeoff that Bitcoiners have made and the market seems to still agree. Hashrate is continuing to drop for BCH while it continues to explode for BTC and the ratio is approaching 1:100 BCH:BTC. Framing the issue the way you did is quite incomplete. What you have are two competing paths: Prioritize low fees to build a payment network first. Prioritize value storage and develop payments network afterwards. You are betting on the first. Or are you just talking your bags? I know the arguments and have been in crypto for a long time. Many people on r/BTC believe bitcoin was infiltrated by banks so it would be crippled as a payment network. Its not a mystery why so many bitcoin supporters from the early days jumped on bitcoin cash, such as Roger Ver. Prioritizing value storage for the poor man makes no sense when he has to pay $20 for a transaction. I do own both because the market doesn't always behave rationally and the big money still seems to be on bitcoin. |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: When to exit
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on: February 19, 2021, 03:04:44 PM
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Its going to be the same story as last time, hashrate will keep skyrocketing and profits will drop drastically, then all these new miners will be left bagholding their hardware that will be worth next to nothing. You know how many people would love to earn money sitting home doing no work, A LOT, barrier to entry in mining is so low and it gets flooded with new miners looking for an easy paycheck.
Pretty much this. Now is time to mine and sell eth, once eth crashes 95% then is time to buy back, do not end up holding the bag, so sell and dont look back, everything is already in bubble state, this can crash to hehell anytime.
ETH going to crash 95%? So back to $100 ? Its funny because I remember you ( I think it was you) who was saying that ETH will go to $2000 when ETH was $100. So you were pretty much spot on. I even assumed that ETH might hit max $400-500 when it was trading at $100. Never would of assumed it would break the ATH of $1400 with all those ICO people still dumping funds. So I am getting nervous because you seem to be spot on when it comes to predicting these things. Did ETH crash 95% last time? The peak was $1420 and low was like $80 so 94% drop. Crazy. Metroid remained positive about ethereum and stayed mega bullish. There was so much FUD about ethereum, going under $100 was quite scary. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees
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on: February 19, 2021, 02:58:31 PM
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Yes, BCH is finally going up and it s value will be recognized. With lower fees it is really valuable. It has proven to be worth holding it.
Don't count on it It looks like big players are starting to come around to BCH. Look at how much BCH greyscale has bought recently and Kim Dotcom is heavily supporting bitcoin cash. It seriously puzzles me how BTC supporters won't say anything positive about BCH, bitcoin cash is what bitcoin used to be. Low fees for peer 2 peer payments. I guess people will just shill whatever they hold and everything else is a scam though, lol. |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: When to exit
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on: February 17, 2021, 11:10:47 PM
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Anyone here have different approach, and it's interesting to know about other people
I pay 0.15 USD kw/h here, so it's not cheap, I don't have conditions to compete with people paying 0.05 or even 0.10c, so my plan is to mine until I have the money to pay all the costs + 10% or 15% of profits
Anything less than that, doens't worth, and I'll probably sell the hardware and wait until new cycle of mining / bull run
I learned a lot in 2017 and 2018, and even me, who really like to deal with hardware, rigs, pcs, will stop sometimes
In my opinion, when the bear comes, it's best to stop, sell and wait until find a good bargain, look at ETH, in 2019 you can grab a lot of coins dirty cheap, without any efforts
For people who pays 0.05c, it's better to keep mining all the time, or people who are plaining to go solar, it's a good investment
Future crypto market won't have the same type of cycles, it has become much more mainstream and we won't have the huge corrections we have had before. |
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Bitcoin / Hardware wallets / Re: Can the manufacturer access your private keys?
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on: February 16, 2021, 06:07:02 PM
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Keep in mind that trezor.io can see all your crypto activity so if you want more privacy you can use trezor with electrum and mew and do everything offline instead of using trezor wallet software.
Also many paranoid people say that if your using windows you should assume everything on your screen is being watched and sent to Microsoft.
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Other / Off-topic / Re: All this money in crypto and btc and nobody dont help me
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on: February 16, 2021, 06:00:06 PM
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Nothing comes for free in life, if you want to succeed in life you need to set goals & work really hard to achieve them. Nobody here is going to give you a free ride so stop begging, get up off your ass & start hustling.
umm... Working hard won't make you rich. The hardest working people in the world are very poor. OP, billionaires give away money all the time, maybe try to contact the charities of Warren Buffet, Bill Gates, Mckenzie Bezos, if its for a good cause they might listen. |
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