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?
I noticed that the largest manufacturers of mining equipment again began to receive orders more than they can produce equipment. This means, first of all, that mining has again started to bring good profits and those who want to make money rushed to buy all the available mining equipment. If the price of Bitcoin grows further, it will reduce the payback time of the equipment. |
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If you look at the price chart of any coin, then you can see the periods of rise and fall in price. What happens with each coin in real time is difficult to determine whether it will be a long rise or a short, long fall or not. This is usually said after some time after the events and give an assessment.
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Someone smart said: "The best time to invest is when other people cry about the impossibly strong fall in the price of coins and sell them at any price." Thus, some people have successfully bought bitcoins for about $ 3,000 and Ethereum for about 80-100 dollars.
Now we see confirmation of these words. Who bought then already have a good profit.
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I ve seen many threads asking whether we are entering into a bull run or market will crash again. To me, the bull run is already here but it takes only experience to identify it. One key characteristic of the bull run is that, every drop is an opportunity to buy. During this period, the probability of earning profit from your investment (whenever there is a drop) is far higher than the probability to lose. Don't sit down and wait till Bitcoin hits 20k again before you realize we are in the bull run. Try and make enough profits now that the market is booming before its too late.
The growth of the market does not depend on any objective factors or the situation in the global economy. The growth of the crypto market is primarily the desire of a group of large speculators who have a lot of money and can afford to manipulate the prices of the crypto market in order to make money on stupid people trying make money on the crypto market. |
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See the market has started to fall, all crypto coins show red. many say this is a correction at the moment, but there are some who say that the Whales has begun to Dump altcoin.
so does this mean the pump is over?
bitcoin has returned to 7000, without any major changes to altcoin. do you think this is good?
who is here who got the profit from the altcoin yesterday?
You see only a slight correction that occurs regularly in a growing market. Altcoins often have a red color due to the growth of Bitcoin, this is always the case, because as Bitcoin grows, many people sell their altcoins and buy Bitcoins because they see a greater opportunity to make money in them. I did it the same way when I saw that bitcoin was starting to grow in value. |
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I rarely buy coins not from the first hundred list. I believe that it is not worth the risk to buy coins that are located outside the top 100 list.
However, sometimes it is still worth taking the risk and investing money in a new and very promising project at the IСO or IEO stage. But I do it only after a full study of the project and 100% confidence in it.
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I want to hear your opinion about changes in current market conditions. Has the bear season really ended and changed into the bull season? Then how do you make a strategy in trading. Buy large quantities of altcoins? Share your opinions to share experiences here. Thanks.
It seems that a trend reversal begins and we begin to notice a gradual growth of the cryptocurrency market. I'm not in a hurry to buy various altcoins and keep money in Bitcoins. Only occasionally participate in the IEO on Binance and some of the less well-known exchanges. The market has been waiting for growth for a long time and is tired of the constant decline, so growth will accelerate with time. |
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Mining has long begun to be in demand again. I say this because the ads on Ebay and Amazon have much less graphic cards and other equipment used in mining. This means that people began to buy it more actively for mining.
It also speaks about the revival of the cryptocurrency market, which will further lead to its large growth.
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Recently, there has been a decline in awards in bounty campaigns, this is due to the failures of many IСO and also fraudsters who disguise as new IСO.
All this reduces the profits from bounty campaigns.
However, it must be remembered that only those who do something earn. If you do not participate in the bounty campaigns, then you can not even make an attempt to earn.
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I remember people who became interested in cryptocurrency when they were very cheap. Those people believed in technology and became interested in Bitcoin and other cryptocurrencies. They began to invest in them and were not mistaken. Now almost all of them are rich.
Perhaps it is not too late to invest in Bitcoin and in the future it will cost much more.
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On the Binance Exchange, I had to go through the KYC video. I am not a supporter of KYC, however I like this exchange and I am ready to go through KYC for the opportunity to trade on it, as well as to participate in the IEO held on the exchange.
Video KYC was easy to go through and I even liked to wriggle in front of the camera and repeat the movements from the pictures. It was an interesting experience.
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Today Ethereum has reached its maximum this year. Almost half way to my goal of $ 500. I am sure that this is facilitated not only by the growth of the entire crypto market, but also by an increase in investor interest in Ethereum itself.
It is also possible that investors' interest in ICO begins to grow, and they buy Ethereum in order to invest it in ICO.
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After Crypto price generally wakes from its slumber, ethereum have been crawling and no significant growth as been recorded, it seems to me that it raised hope and dashed it after reaching 200 and slide back , fluctuating between 160-175 . what's really happening mates. Bitcoin gave grow exponentially from 3000+ to 6400 today
Everything is growing in price, and Bitcoins and Ethereum, and many other well-known altcoins. I hope this can be called a good start to the growth of the crypto market. Everywhere they say only about it. We all waited for the growth of the crypto market and waited for it. Bitcoin has already broken the top of $ 8,000 and confidently moved higher. Ethereum overcame the $ 200 bar. |
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This idea is not new. I have already seen periods of the beginning of Bitcoin growth several times, and as I recall, as the price of Bitcoin rises, the price of altcoins always began to fall. This is due to the fact that many investors are starting to switch to Bitcoin as the most reliable and, at the same time, rapidly growing asset at that time. This time there is no such thing.
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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?
Mining Bitcoin has long been engaged in large farms, which are located in countries and regions with cheap electricity, so even when Bitcoin fell to 3,000 thousand mining was profitable for them. Also, they did not sell all mined coins, but only those that were needed to offset the costs. Now they can sell their stocks of coins and get more profit. |
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You can always change one cryptocurrency to another, for example, steyblekoiny, and thereby fix your profit at the moment. However, it should be remembered that the stable Coins are subject to price fluctuations due to the manipulation of "whales" and you can achieve the opposite effect and not only make a profit, but also get losses.
Therefore, assess each situation and only then make a decision.
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Campaign bounty can help you make some money, but they don’t make you rich. They say that earlier it was possible to earn a few dozen Ethereums for one bounty campaign, however, they were then worth a couple of dollars. Those who then saved all their Ethereums then became rich when it rose to a thousand dollars.
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Cryptocurrencies have been around for about 10 years and their popularity among investors and ordinary people is only growing.
For a more rapid growth of the crypto market capitalization, a massive adaptation of cryptocurrency is needed so that each person without additional training can make payments using cryptocurrency, as well as invest and trade on exchanges.
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It’s true that there are a lot of useless project and tokens, eventually they will die and disappear. Crypto market doesn’t need this much stupid projects at the same time. But on the other hand, there are also still some useful and promising tokens too. So this is not the final.
In all the years, many useless projects appeared that did not bring anything good except losses for their investors, but most of them could be identified at the IСO stage. Smart people did not invest in them, but carried their money only in promising projects. If you do not know how to distinguish a good project from a bad one, then you better not invest at all. |
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Any new product immediately after its appearance carries great interest for people. If IEO also bring profit, then interest increases several times.
I am also interested in investing in IEO projects. However, I would like to note that the growth of many IEOs in the price is artificial and is done by the exchanges themselves in order to attract the attention of investors to their IEOs. As soon as they stop pumping the price, the interest in the IEO will immediately fall.
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