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Author Topic: Good time to get into crypto?  (Read 1929 times)
lannie1980
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October 06, 2017, 10:11:25 AM
 #1

I was mining bitcoin back in 2011 but lost my wallet/gave up etc etc...

Is it still worthwhile getting back into crypto?
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HeRetiK
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October 06, 2017, 10:46:15 AM
 #2

I was mining bitcoin back in 2011 but lost my wallet/gave up etc etc...

Is it still worthwhile getting back into crypto?

If you mean getting back into mining -- may be worth it, but will depend on your electricity price and require a lot of commitment.

If mean getting back into crypto in general -- it's always worthwhile to get back into crypto. Just watch out for scammy ICOs, useless alts and other questionable investments.

escapefrom3dom
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October 06, 2017, 10:56:36 AM
 #3

Is it still worthwhile getting back into crypto?

there is a sense in returning back, but the situation will be absolutely different compared to 2011.

every day there are changes, so you should always follow the news.

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Proc.dev
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October 06, 2017, 11:12:26 AM
 #4

I was mining bitcoin back in 2011 but lost my wallet/gave up etc etc...

Is it still worthwhile getting back into crypto?

Huge companies are involved in crypto, so now it's good time to back

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October 06, 2017, 11:49:02 AM
 #5

I would say yes it is a good time to get back into crypto, not just bitcoin but there are a lot of other projects out there now in comparison to 2011.  I hope you didn't lose too many coins as I would imagine mining back then you would have gained a handful at least.
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October 06, 2017, 12:09:53 PM
 #6

It is always good time to get back into crypto. It's like asking, if now it is a good time to start using emails... Weird question. Of course it is, technology is moving forward.
lannie1980
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October 06, 2017, 12:36:19 PM
 #7

Thanks for the replies folks Wink

It's always great to read advice from more experienced players.
coinholic
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October 06, 2017, 12:58:10 PM
 #8

I was mining bitcoin back in 2011 but lost my wallet/gave up etc etc...

Is it still worthwhile getting back into crypto?
Now! Get back in track...what happened in the past should have served as learning so as not to repeat tje same mistake. Don’t be so easily discouraged. Mistakes, negligence, wrong decisions...these are all part of learning and becoming better. No need to be skeptical about getting back into crypto.. The opportunity to earn today may actually be better than 6 years ago... Wink

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October 06, 2017, 01:45:48 PM
 #9

Best time to enter crypto is NOW.
sergio muchado
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October 06, 2017, 02:28:07 PM
 #10

hello fellas, i am new in crypto world i hope am not too late  Smiley
i hope will learn form this great forum!
machinek20
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October 06, 2017, 03:03:41 PM
 #11

Mining is not too profitable anymore, but now there are more coins to mine, I am sure one of those coins can make a good profit, now crypto currencies is really booming, it is a good time to get back and start to earn some profit
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October 06, 2017, 03:47:27 PM
 #12

Buying coins is still worth it, but mining, you need to mine other altcoins since bitcoin mining requires a lot of power and expensive hardware to get profit (or even breakeven) from it. After that you can sell your altcoins for btc then hold them until you get some nice hefty profit. It's never too late and it's always worth it.

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October 06, 2017, 05:38:48 PM
 #13

I was mining bitcoin back in 2011 but lost my wallet/gave up etc etc...

Is it still worthwhile getting back into crypto?

Depends on your financial situation.  If you can afford an investment that you can afford to lose, wont drive you crazy looking at the price volatility, and ok with not seeing an actual return on investment for a couple of years, then my suggestion is always yes.  yyIMO, the price will keep going up long term, short term after you buy back in you might be in the red and lose some money, but eventually it will go up.  There is still so much room for growth, and so much opportunity.  Still early in the game, and best thing to do is put some money down you can afford to lose and feel invested in the community.  Best of luck in whatever you decide to do.

Also, do you still have the wallet.dat file for your old wallet?  If so, ever think of a brute force app or a password cracking service?  They take a % of the total funds if/when its recovered, but better some money then no money?
sneakgeekzog
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October 06, 2017, 05:49:38 PM
 #14

I was mining bitcoin back in 2011 but lost my wallet/gave up etc etc...

Is it still worthwhile getting back into crypto?

If you mean getting back into mining -- may be worth it, but will depend on your electricity price and require a lot of commitment.

If mean getting back into crypto in general -- it's always worthwhile to get back into crypto. Just watch out for scammy ICOs, useless alts and other questionable investments.

Agreed its always a good time to get back into crypto on longs you a Hodl  Cheesy

Mining is always tricky especially if you 're not willing to reinvest in hashing and have plans for scaling up.
chrisst
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October 06, 2017, 05:53:22 PM
 #15

yes good time Because at 2011 mining was easy you can earn 50 btc but bitcoin price is low now price is high and can increase more than 6000$ in next months
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Bitmain miners is getting worst.


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October 06, 2017, 06:29:11 PM
 #16

Honestly it will be hard to predict bitcoin but if you are not weak hand holding your bitcoin for a  long time you must ready what will happen sometimes in bitcoin because bitcoin is unpredictable if you know how to hold your bitcoin and are strong to hold them even you are seeing the price of bitcoin was gradually decreases you should still need to hold your bitcoin so that you can't be lose of profit instead you can make a profit because bitcoin will be more popular the price of bitcoin will continue to increase and more business online will accept bitcoin..
If you  can compare the price of bitcoin before and now its totally different.. and you can realize that bitcoin can be potentially increase its value in the future..

moopser
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October 06, 2017, 06:42:46 PM
 #17

OP, welcome back!
Best time to enter crypto is NOW.
Best time to enter crypto was 6 years ago Smiley

Now mining (btc, dont know about other coins) wont be so efficient as it was years ago, but trading is always relevant and always will be.
Imo, any time is good to start trading.
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October 06, 2017, 08:51:23 PM
 #18

If it's the best, we unfortunately only know later, but it's good in any case.

Now we can say that back in 2011 the prices werer very low and we should have invested, but it's also possible that we remember the year 2017 with btc prices lower than 5000$.

That's why it's always advisable to get into cryptocurrency!


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October 06, 2017, 08:54:41 PM
 #19

i would try and find that wallet... lol
Dissident991
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October 06, 2017, 09:10:34 PM
 #20

I was mining bitcoin back in 2011 but lost my wallet/gave up etc etc...

Is it still worthwhile getting back into crypto?
Of course it is still worthwhile, because crypto is the future. If you wont enter now, you will regret. I have no doubt that blockchain will change the world and for me important is not only getting profit, but being part of progress.
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