At this time when prices are low then mining would not be that much profitable to the extent I know as you would need mining setup and above it electricity cost running 24/7and depending on what charges you will incur for it but if you are interested in it you can try it and joining any mining pool.In the long run when prices will rise your profits will also go the way up and covering your expenses as well.
Mining is not profitable at anytime, price be low or high. There are a lot of primary investments to start a mining infrastructure and being an Indie miner is a waste of time and money. So if you are not into the get a plot- build a farm- start the Asics type person then you will never be able to ROI the investment. Besides miners will always be at hashwars, the cunning one either changes their type of investment to buying Bitcoin or sells the Asics to get hard cash at hand. That is a great understanding of how mining is working and people who are working towards making money from the small investments that they are making, they should realize that they are not going to make money much. I understand that there is a good chance that you could have made the money back with some GPU investments on ETH mining back in the day but since merger that's not going to be that easy neither. This is why I agree that there isn't really anything major about bitcoin mining right now for anyone who would invest under 100k. If you want to be a profitable bitcoin miner, you need to have a factory size place and at least 100+ asic miners to make it profitable. |
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For some months, cryptocurrency is in a down falling trend which is the main cause.
They are down but not silent. Can't you see the daily news and the threads in this forum? It's an indication that cryptos remains to be lively despite of their negative situation. There are lots of causes for their fall but the main cause of it would be the bear season. The ensuing silence is expected because it characterizes the bear moment. We've witnessed this over time. Whenever the market bulls, there's always a hell of noise and when it bears there's an intimidating level of silence. November is just around the corner. It's one of the months I know the market gets favoured with a rally. Hopefully, this year's won't be an exception.
People are noisy because they are happy but who wouldn't be when you will now harvest the fruits of your labour? They are celebrating because they survive those hard times. I think those who got silenced during the bear are leaving temporarily because they can't accept it seeing the market declines more while there are who are noisy because they complain about their losses and they always speculate about the recovery. |
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If Bitcoin got stable there will be no huge inflection. This will stable almost all coins. And there will be no huge up and down. All the top coins will not depend on Bitcoin.
Whenever Bitcoin got stabled, All the market will be stable in a result of that.
Question is that how Bitcoin can be stable? If it got stabled that will happen?
If Bitcoin somehow became a stable coin with a fixed price that stays more or less the same, I think it would lose a lot of its value and appeal. People enjoy investing in Bitcoin, and you can't really invest in a stable coin (you can, but you won't get any profit, so it's meaningless). If, however, the op is referring to something more generic, such as less volatility of Bitcoin and steady growth on a small-scale level, then it would attract people, I think, because it would become even more low-risk than it currently is to invest in Bitcoin, and it would be useful for adoption of Bitcoin as money as well. I agree that investing into stablecoin is not really that much possible for people, it's just that you are exchanging your fiat to another type of fiat and that’s it. I agree that you could earn interest from it which is higher than what other interests are, but that doesn't change the fact that it would still be stablecoin which is fiat, so that increase is nothing compared to what crypto could do. We see bitcoin moving as much as the interest of stablecoins daily sometimes, if you can comprehend that then you should be fine, people are not realizing the potential we have right now, we are very low, and one bull run could equal easily doubling, maybe tripling your money. |
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In the end, there will still be a profit, but those who bought at a price of 40k and above have regret, because they could buy now at a lower price. On the other hand, it is easy to do in theory, but it is more difficult to implement it in practice. No one could know at that moment how low the price would fall, or if it would fall at all. What if the price continued to rise and up to 100k?
This is always difficult, so now all that remains is to hold and, if possible, buy bitcoin now to average the price.
They "may" have regret or they could just realize that it's still an advantage because they bought bitcoin while some people still haven't. We need to realize that majority of the world's population do not own bitcoin, and these people may have bought higher but they do own bitcoin and that's great. What they could do know would be buying a little bit more at a lower price and that way drop their purchasing price, that would allow them to make a profit earlier. On top of that they could just wait, I mean sure it would be better if they bought now, but they could wait and eventually they will profit, less profit than people who bought now, but still a profit is a profit and I doubt they would mind it. |
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Well, to be honest ... most people were mining Ethereum and some other Alt coins with their GPU cards... so it is just natural that the demand for these GPU cards will decline, if PoW are replaced by PoS. I found that most of the miners that were mining Ethereum, just switched to other Alt coins that still use PoW, so there will be a lot of people still mining with GPU cards.  The hype of the whole Ethereum merge will blow over soon ....and people will realize that other Alt coins are still profitable.  Other altcoins are still profitable but we are talking about the most profitable one, and the one that could eat up so much hashrate and still end up doing well enough that it didn't disturb anyone. If we start to put all of that hashrate on something else then we are going to put it somewhere that doesn't need so much and it would be useless. So, we need to spread it around and that means we are going to have a bunch of altcoins that fight for the right of being at the top. That is why we are going to end up with something a bit lower, not going to be that much of a problem for ALL gpu owners, but we are going to see many of them selling, dropping the price. |
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-snip-
But even so, those educated and knowledgeable people have still brighter future compared to poor and illiterate ones.
But this thought should be removed for the sake of equal rights, especially for companies that consider education as the first requirement of workers. In fact, there are many non-academic knowledge people with more experience and some achieving success their way. Honestly, I prefer the freelancer way of hiring because experience is a priority request. Education is indirect contributor to that fact but you are %100 right. We should be looking at the past work of someone and hire that person based on their previous work, but obviously if we are talking about a new hire, someone who is 20-25 age range, then the person who studied the same thing in college would be a lot better than the person who just did it themselves, doesn't stop anyone though, if you worked hard on your craft during the same period while the college student just partied, then you would become better for sure. So, I agree that it should be experience and proof of past work when we are hiring someone instead of their diploma, but that diploma "may" contribute to being better, not always but generally. |
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Many political experts say that the tensions of China vs. Taiwan will soon explode and China will invasion to Taiwan, but if we look at developments in China I am sure this will not be done by China, there will be many losses that can make China a bankrupt country, different from Russia, who invited Ukraine because the Ukraine allies were not as strong as USA support to Taiwan.
You could never know what’s going to happen with a nation. I mean from what I am reading they are saying that military is doing or at least on the verge of a coup because of this decision, so there could be a logical reason for them to not invade anywhere and that would be lovely, we wouldn't want a war. But, the fact that Russia ended up attacking Ukraine and nobody stopped them (even though helped, but not directly) and the worst that happened was sanctions, then we could assume that China could get away with it as well, who knows? That’s why we can never be 100% sure that China won't attack anywhere, there is a chance, high or low, but a chance of them doing it. |
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Do not get carried away by the news, I have seen in many that do not recommend bitcoin, and make comparisons with the most stable stock markets in the world, and reach conclusions where bitcoin is insecure, this is a movement that I do not understand, but the people that we sometimes have convinced to enter bitcoin, come out that it scares them because it says that it is an investment where they can be scammed.
These things are what sometimes have to be dealt with, when people are misinformed, the world's interest is that people do not get ahead, but remain tied to a system where economic freedoms do not exist, much less technological, they must have Be very careful with what you see in the news.
Those people cannot see the future and do not understand the benefits of bitcoin. Reality is that bitcoin is something that would benefit you in the long run and you may not see that and you may compare that to traditional markets and think that bitcoin is insecure and unsafe to invest into because of the volatility it has and I understand that you may not see it. But, the reality is that the volatility comes from the fact that we do not have a centralization, and we can do whatever we want and that’s why it’s moving so carefree right now. That is the reason why it dropped, but that would also be the reason why it would go up as well. |
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Most Bitcoin users are scared because they don't understand the charts with Bitcoin movements. When people start to panic, they choose to sell to release stress. However, they only regretted it once again when Bitcoin started to rebound. Then they will ask if the time is right to buy. After Bitcoin started rebounding and moving forward with a bull run, I saw a lot of questions like this one. But sadly, no one is considering taking shortcuts in the Bitcoin world.
I feel like that would be even bigger stress because if you sell and it suddenly goes up then you did something you can't recover from. If you do not sell and hold, you could wait for it to go back up eventually, maybe it will go down first but eventually it will recover and that means the mistake could be fixed later on. But when you sell, that's it, there is no reverse on that and if the price goes up then you missed out on a chance. That's why I believe that people who panic and sell are making a huge mistake, they should be holding no matter how low it gets, even if you bought at 68k, just buy some more at these low levels and believe that it will go back up. |
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4 years is not that long, and this is the usual scenario every time we hit the bear market. This can be the safest speculation because it’s hard to know if the economy of many countries will start to recover in the next three years, we are still experiencing the problem from pandemic especially on printing too much money and with the limited supply. Bitcoin can reach new peak though in less that 4 years, once there’s a big news in the market probably it can be hit easily but if we didn’t saw improvements, then we might wait longer for that new peak. Reaching 68k with 4 year difference is definitely a safe bet, it's not going to be that late and it's not going to be that low if you ask me, but if that's your goal than anything quicker or higher would help you out a lot. I personally believe that the best thing to do would be making sure that you are on the right path, and that will only happen if you have the long term mindset and this allows people to be on the long term mindset. I personally believe we will reach 68k levels again by 2023 sometime, and be over 68k+ in 2024 as well, that's what I believe it will happen, that looks a lot quicker and higher but it is once again a reason to keep buying and holding bitcoin for sure. |
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The rate of inflation is very high and worsens day after day. Before you could use your savings, the purchasing power of your savings would go way below expectations. I have decided not to save anymore. Even emergence savings I will not have.
I will use my money to be buying bitcoin and then buy properties, when there is an emergency need, I'll sell one of my properties and take care of the emergency. The way the economy and economics is going, I can say that the future is absolutely very unpredictable. Each user has a different way of managing their finances regardless of whether it is viewed as good or bad by other users. I like investing in gold over property, it has been an investment asset option that I have considered for a long time. Savings is only for emergencies because actually I don't really ignore this centralized system of fiat. I know inflation has drained a lot of its value, it's too bad. However, I have not been able to get rid of the dependence on using fiat in my daily life. The situation will improve, the economy will return to normal and I believe inflation will decrease at the individual and national level when we know how to manage spending well. I know that it's not going to be so simple for anyone, but it is clear that we are going to end up with something special for ourselves when we are picking investment. Gold over property, or property over gold, or crypto over all (like me lol) whatever it is, as long as it is good for you, investment of all kinds would be good as long as it is not really a bad thing. There are bad investments too of course, it's not impossible to lose money, in fact it's good as to lose money which is why you should invest carefully, but it is not about "how" you invest, it's about what you invest into. Like if you are buying an estate, you could buy a rundown horrible one for overpriced value, or you could buy a great one undervalued. |
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We have seen 3 competitive T20 matches today. India has won by 6 wickets. It took 19.5 overs for them to chase the target. India has won the series by winning the 3rd T20. Suryakumar Yadav has done the main job today, but Kohli played a supportive innings and contributed to the win.
Pakistan has won by 3 runs only. It was an unfortunate situation for England to loss the match. The 7 match series is leveled now.
Bangladesh has won against UAE by 7 runs only. UAE is a weak team, but they had created pressure on Bangladeshi players. For a while, I thought that UAE will win the match.
Now we have just 20 days left in T20 World Cup in Australia, so all teams are preparing for this mega event and having their best players in business just because of this today we have three matches on different places with quality teams are giving their best first match which was played between Australia vs India both were on level and have good result at the end with Kohli is done good job and give another good winning stand with first SKY and then Hardick Pandya in second match which was played in Dubai surely another exciting end even no one was sure UAE will do performance like this until last over both were in and then 20th over which was bowled by Shoriful Islam 3rd and 4th deliveries give win to visitors after tense match. Last match which was played between Pakistan vs England was surely one of the most tense as in last over Pakistan win by just three runs, and I am feeling this was blunder by England because they can win this easily, but suddenly they were in hurry and lost three quick wickets which give home side win and now series is level. |
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since the beginning, cryptocurrencies were created. Also the initial founders, especially bitcoin, were created, not for institutions or agencies. Because in order to fill personal and anonymity gaps, of course the above providers require transparency of customer data. Indeed, I personally don't like it. And it's not safe. .
I feel that if crypto is meant to be like that, maybe the government will intervene with it. But gradually some countries are adopting this blockchain. And it is possible that awareness of this technology will continue to increase. Although there are also some countries that openly prohibit their citizens using cryptocurrencies. yes this is how government officials in a country judge from an economic point of view, investment or transaction tools or even just an unexpected view
Governments have every right to care about what you do with it, not how it is ruled. Bitcoin for example cannot be changed into another chain by a government, they could try to do their own fork if they want to but that will only result with nobody caring about it. That's why I would highly suggest not caring about what regulations are saying, if you do not get out of crypto that quickly, it doesn't matter to you at all and you shouldn't be investing into it at all. I would honestly say that it would be a smarter idea to invest into something that is not controlled by the government and you could do whatever you want with them as long as you do not get out. |
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It will only make us stressed and make wrong decisions if we think too much about other people's predictions, which are not necessarily accurate predictions of others. We just focus on the results of our own research and analysis, because in the crypto world the most trustworthy are ourselves. It doesn't matter if our predictions are wrong and it turns out that Bitcoin has dropped to the price of $10k, we don't panic if that happens.
Sometimes it's normal for Bitcoin to move differently from our expectations. We only need to hold the Bitcoin we have until the price recovers and rises again, because if we study the history of Bitcoin movement, we will know the fact that every time the price of Bitcoin falls, it can always bounce back to a much higher price. The most important thing is never to sell the Bitcoin that we have at a low price, as long as we have not sold the Bitcoin that we have, even though the price is down, we haven't lost. But based on my analysis, it doesn't look like Bitcoin will drop below $18k, this means that buying Bitcoin at the current price includes buying Bitcoin at a low price.
Yes, if we keep trusting what others are doing then we are going to end up being unhappy about it at all times. It's wiser to make sure that we end up with something of our own, that way we could end up with a good return and if we ever make a mistake then we could learn from our mistakes as well and make a better return. This is something that could be improved upon, it could be something that we could perfect in the long run, that is why it's much more important to make a change in the person trading with learning at the same time, and study. If we just get the results from someone else, if they are wrong, we can't help them get better for the next time. |
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Juventus may be interested to sign Conte as the replacement for Allegri but I doubt Tottenham will allow him to leave. Since Conte managed Tottenham, there is a good improvement in this club performance. Tottenham management must try to keep Conte, they will offer an extension for Conte's contract. And I am sure Conte probably accepts the extension to ensure Tottenham plays well until the end of the season. I don't think Conte to leave what he just begins in Tottenham.
Juventus is better to look for another option to replace Allegri. The chance to sign Conte seems rather small.
Even things are not good in Juventus but still there is no fair chance for sacking Allegri and bringing new coach because few days back Juventus management already announces they have faith in him, and they are looking for positive development in coming weeks which is good decision from them because sacking coach in hurry is never been bringing positive results. Conte is not leaving Tottenham until end of this season with this most chances if Juventus management feels to have some changes then surely they will do this all at the end of this season with there could be some more options also available but right now doing like this is surely more mess up not good for team as we all know having extension was Conte's decision, so he will not leave just after few weeks of this season. |
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Surprised to see new players popping up for England as well, Ben Duckett and Harry Brook took England to victory with their innings and i expected Pakistan to give a tough challenge this time as well but England bowlers were able to pick wickets at the right time to break the momentum.
In upcoming world cup England is going to be good side with their current strength because they have enough youths those are capable of giving their best specially in this format and as they are playing in this series it's good because most of the players are having good experience for playing into PSL and this is helping them for having good results in this series which is currently going to be very exciting after third match won by England very easily after setting target of 221 for Pakistani batting lineup which badly fail to have any impression while chasing this target. But, good thing happen for them Shan Masood done good job in middle order, and now they can feel better because they have serious concerns about their middle order and now with him, it's much better for them to improve their batting strength in coming matches and specially for World Cup which is now just after few weeks going to play in Australia. |
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That's actually the best course of action to do when you're waiting to get BTC in a lower price and try to DCA as fast as you can before the price bounce back up a few hundred dollars or a grand.
There a bit difference between holding a fiat and a stable coin thought they ultimately have similar value all the time, but fiat can't buy Bitcoin or any altcoin right away when you see a good entry point. With crypto's high volatility, it is possible to miss a good dip when you got a fiat converted into Btc or stablecoin.
And one last thing, I agree to both of you that keeping/saving a fiat won't save you even a few cents in the next coming years. I'd also suggest to buy properties and invest into real estate, it's safer than all of the investments in the market today. But if your risk appetite is in a tremendous level, then better invest in Bitcoin as well.
Honestly I would not put that much on stablecoins, 45% seems a lot. I try to keep it as "income" and that's much better for me. That way I know when to invest and when to wait, and my income makes sure that I could invest a lot more if I want to, and not invest if I do not want to, makes a lot more sense. That is what salary gives you, an unlimited amount (unless you are fired) of back to back investments, you could invest this month, but can invest in October too, then on November too, then December, so if the price is low you keep buying at lower prices. I understand putting a bit aside, so if I do not want to, I put it on stable, and invest double next month. |
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Monthly chart we have been sideways since June, lots of movement but net result just sideways drift mostly which is how I would view 2022 in any case. To be positive now needs BTC price action to recover the mid August lows, we are above the 2 day average there is some short term positivity but ultimately we are on a giants causeway its just I cannot trade monthly bars as thats for the larger trade and hold to consider. Since this is the speculation part of the forum normally we do look at something closer to weekly bars and how we will resolve each week, for now we are in recovery and about 21k is quite important to regain and hold.
Yeah true, in fact since the luna deal happened we have been going between 18-22k, sometimes we go above but usually we are around those levels, I do not think that we are ready to move anywhere else just yet. I am not saying that it will be gone forever, all I am saying is that we shouldn't expect it for the time being, we could stay here for a longer term for sure. I believe I will hold more and more bitcoin for a longer term, I just do not feel comfortable with checking the prices every day since it doesn't make sense for a long term investor like me, so I am not a good source of decision, but it doesn't look like it is going to move big anytime soon. |
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In trading when I see that pair, the first thing that comes to my mind is "old school".
Nowadays, it won't be easy to use that pair as a trading substance. It requires a deeper analysis of the market unlike using pairs of BTC to stablecoins and the same with Ethereum and USDT, BUSD, or what you prefer.
It's profitable because of the recent big waves but you have to know what you are doing or you will end up losing more.
I don't go near that kind of pair anymore but instead, use the easier path.
Old school is not always bad, there is this settled understanding in eth/btc pair that makes sure that people understand it because it has been like that for a long time. With this merger and other business it may look like it's corrupted a bit, but the understanding is still there, which is btc going up first, eth going up because of that but the pair lowering, and then when btc stops eth starting to go up because of that because people going into alts and ETH is a big part of that world. So, basically it is a sorting type of deal, you first get into btc, then into eth and the pair is making you double profit that way, if you are at btc first then at eth, you could end up with more of them both at the same time when it's all done, but this requires bull market of course. |
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it's a open secret here in crypto market that those developers are just for pure money grab. They will create a meme coin, then market it here or somewhere else, wait for investors to come in. And when the time is right, they are going to sell their shares without anyone noticing it.
And it's going to continue, despite this bear market, there are still a lot of alts that will be born this way. Just like for example, when the Queen of England die, maybe meme coins pop up and supposedly to give respect to her. But it's not the case.
That is not even a secret anymore, there are too many projects that people created just to make money and unfortunately it doesn't even bring anything new to the table neither. I understand paying the developers if they are doing something that enhances crypto world, if they find a way to build something that is brand new and improves a lot then it would mean that even if the token fails, that means we have a new tech left and that is why paying them would make sense, you may or may not lose money but at least crypto got a little bit better thanks to that. However, there are literally copycat versions and boring tokens that gets paid as well, which is sad. |
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