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Author Topic: Closed my small family farm, sold out rigs, and buy in!  (Read 19208 times)
coin8coin (OP)
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January 01, 2019, 03:27:12 PM
 #1

It's not cost effective to mine these days

Can't get cheap electric so I decided to close my small farm.

I have sold 5 6*cards rigs and got some money back!

It's time to buy in...

any suggestions on  which alt coins to buy  ?
bitkanu
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January 01, 2019, 03:34:52 PM
 #2

It's not cost effective to mine these days

Can't get cheap electric so I decided to close my small farm.

I have sold 5 6*cards rigs and got some money back!

It's time to buy in...

any suggestions on  which alt coins to buy  ?
It should be the major crypto and why? that gives you the more guarantee on the development progress and anything that related to the adoption, cooperation and partnership. Medium and small tier coin could be another choice but that will be involving the more risk.

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eagleman
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January 01, 2019, 03:35:47 PM
 #3

1st choice: Bitcoin

Good luck with your strategy, mining seems to be not profitable anymore and hopefully your farm would run again to help the network you are supporting.  Smiley
trash321
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January 01, 2019, 03:37:01 PM
 #4

It's not cost effective to mine these days

Can't get cheap electric so I decided to close my small farm.

I have sold 5 6*cards rigs and got some money back!

It's time to buy in...

any suggestions on  which alt coins to buy  ?
That is, it turns out that today you still do not understand what exactly to invest, but you understand that you need to sell your farm? This is of course completely your right, but I think that the best that can be done today is to invest in top coins.
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January 01, 2019, 03:39:40 PM
 #5

I would like to see double bottom prior going in on BTC and ETH...personally I am looking at PIVX, Monero, ETH, NEO and XRP.
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January 01, 2019, 03:40:07 PM
 #6

Dude, you should stick to it. Anyone is eager to get rich overnight, but how many people can succeed? In my opinion, if you can't overcome the current suffering, then you will not succeed in doing other things in the future. Everyone here is almost a loser in 2018, so you are not the only one.

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January 01, 2019, 03:41:58 PM
 #7

Personally I just focus on bitcoin , because I'm already earn more than $ 10.000 over 4 years because of it.
For alternate investment, ETH may become the wise choice , just do the same, Hold it because I will keep doing it for next 1 or 2 years !

Smiley
coin8coin (OP)
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January 01, 2019, 04:46:05 PM
 #8

I know the BTC is always the best choice.

But I use crypto currency only as investment, so I want to buy some altcoins have the potential get more profit...
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January 01, 2019, 04:49:44 PM
 #9

It's not cost effective to mine these days

Can't get cheap electric so I decided to close my small farm.

I have sold 5 6*cards rigs and got some money back!

It's time to buy in...

any suggestions on  which alt coins to buy  ?

The main suggestion is to get in step by step, not the whole amount at a time.
The second one is to get away from alts. My investment strategy is based mostly on BTC at the moment, because I don't think that the market has reached the real bottom yet.

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Jadesola
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January 01, 2019, 05:06:26 PM
 #10

I will advice that you should not sold all and then buy into some kind of shitcoin,rather,invest in the best coin we have now like Btc,ETH,Xrp etc.You cannot afford to sell all and loose all.
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January 01, 2019, 05:20:05 PM
 #11

Why not try to invest in btc or eth? We may say that 2018 is not good for those 2 crypto but they already showed us what they can do. To be honest i really do think that 2019 will bring more investors to cryptomarket especially with what will happen in btc, there are a lot of news and controversies against btc but as soon as all of it are cleared then btc will be back to it's normal price but then again this is just my opinion.

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January 01, 2019, 06:40:27 PM
 #12

It's not cost effective to mine these days

Can't get cheap electric so I decided to close my small farm.

I have sold 5 6*cards rigs and got some money back!

It's time to buy in...

any suggestions on  which alt coins to buy  ?

buy anything from top 10 coins and in the bull run you will easily 10x your investments but no one can predict the bull run when to start

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January 01, 2019, 06:48:03 PM
 #13

It's not cost effective to mine these days

Can't get cheap electric so I decided to close my small farm.

I have sold 5 6*cards rigs and got some money back!

It's time to buy in...

any suggestions on  which alt coins to buy  ?

I am really sorry to hear that. Miners are greatly important for this market and future of all cryptocurrencies. Yes it is not profitable thing to do right now but I am sure it will change soon.

I also suggest Ethereum right now. It can rise before Consantinapole fork.
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January 01, 2019, 08:26:54 PM
 #14

Well i think it is a good decision considering the no profitability of the miners from many months, as far as best buy is concerned i think eth under 100 was the best option it still is good to buy as im bullish about eth in coming months. Some other good buys can be npxs below 200 eth satoshis and xyo network below 1000 eth satoshis both are good for nice return at these levels.

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January 01, 2019, 08:40:02 PM
 #15

If you are solo mining did I guess there's some truth about the news that small to mid mining farms are closing because it's no longer profitable, although you will be bored easily because your rigs are all gone. Anyways, as far as financial advises, I'm not good at giving one so I will leave it out to the "experts". But in my honest opinion, Bitcoin and Ethereum are the only one that can give you a good return long term. Alts are good as long as you can ride the wave and exit on time. Best of luck.

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January 01, 2019, 08:41:42 PM
 #16

I think an almost safe bet for 2019 is Waves. The price has also declined sharply due to the general market, but there is happening so much in the background. 2019 also includes an airdrop to Waves holder on a new project called Vostok (permissioned blockchain based on Waves technologies for enterprises). There are many competitors from Ethereum, But neither EOS nor Cardano are as good as Waves.
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January 01, 2019, 09:21:38 PM
 #17

It's not cost effective to mine these days

Can't get cheap electric so I decided to close my small farm.

I have sold 5 6*cards rigs and got some money back!

It's time to buy in...

any suggestions on  which alt coins to buy  ?

I'd agree with your decision at this point, you can always buy back your mining rigs if it becomes profitable to do so again. Consider the alts that you were trying to mine but were too costly, they're likely to see price increases as people take similar action to yourself.

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January 01, 2019, 11:09:00 PM
 #18

This is the sad situation now. Private miners leave the market  Cry I wonder if the mining will now become fully corporate? If so, then the crypt will gradually come under the control of state bodies or large investors and no one will be able to earn more

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January 02, 2019, 01:02:04 AM
 #19

You make the right choice ,I think it's best to buy coins directly instead of investing in mining rigs ,they are not worth it anymore but if profitable again then you can just build  another rig instead

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January 02, 2019, 05:58:40 AM
 #20

You can choose to invest in altcoins that are ranked less than 100. At present, their prices are very low. When the bull market comes, it will definitely bring you a fortune.


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