HODL your ETH while you mine

[Gorosden]

Looking at the market right now I believe that ethereum will keep growing higher and probably hit 3k soon, I think I'm going to keep storing my ETH from now on doing so can get you closer to ROI faster since the ETH you keep will add more in value, I suggest you do same thing if you buy your GPU at high price like many did this year

[mak013]

If you believe in it - just buy ETH right now for all your money. And sell your rigs and buy ETH. And you will get more profit than if you will mine.
I see such predictions every day and only 1 of 1000 is right. But mostly it seems he guesses.

[Skinny48]

Crypto market predictions are mostly fakes, I hope you aren't using that here OP? I'm mining ETH too but I plan to hold very little because the future remains unknown to me and I don't want to just rely on predictions, all I keep doing is changing to USDT, I care more about getting my ROI back than gambling on tomorrow market value

[FP91G]

Looking at the market right now I believe that ethereum will keep growing higher and probably hit 3k soon, I think I'm going to keep storing my ETH from now on doing so can get you closer to ROI faster since the ETH you keep will add more in value, I suggest you do same thing if you buy your GPU at high price like many did this year

You will not be able to keep all the mined coins. Any miner has electricity costs, room rental costs, and others.
You can hold some of the mined coins, but some of the coins will probably have to be sold to get a return on investment in mining.
Because if a price dump occurs, you will incur losses.
Because if the prices of coins fall, then you will lose money.

[Vann]

Looking at the market right now I believe that ethereum will keep growing higher and probably hit 3k soon, I think I'm going to keep storing my ETH from now on doing so can get you closer to ROI faster since the ETH you keep will add more in value, I suggest you do same thing if you buy your GPU at high price like many did this year

You will not be able to keep all the mined coins. Any miner has electricity costs, room rental costs, and others.
You can hold some of the mined coins, but some of the coins will probably have to be sold to get a return on investment in mining.
Because if a price dump occurs, you will incur losses.
Because if the prices of coins fall, then you will lose money.

Exactly. It's easy to say HODL your mined coins when you're not the one paying the bills . That being said, historically the miners that did the best are the ones that kept mining and paid out of pocket for expenses while the profitability was down.

[Bitbtc8]

This is gambling, if market crashes you will lose in two ways, first is your mining profitability and second is time wasted and yet you need to pay the electricity bills anyways, while you mine change to stable coins straight away, care more about ROI first and gamble later

[Metroid]

Do not hold anything, time to hold was before eth 1000 usd, sell anything you trolls mine and then thank me later when everything crashes to hehell because that is where eth and all cryptcoins will be going very soon, let the moon moon trolls hold, be smart, remember that eth stayed priced around at 100 usd for around 2 years and profit was negative most of the those 2 years.

[mak013]

Do not hold anything, time to hold was before eth 1000 usd, sell anything you trolls mine and then thank me later when everything crashes to hehell because that is where eth and all cryptcoins will be going very soon, let the moon moon trolls hold, be smart, remember that eth stayed priced around at 100 usd for around 2 years and profit was negative most of the those 2 years.

I hear it from the time then ETH was $600. Several my friends sold ETH between $600 and $800. I sold rather big part of my ETH at $1300.
May be you are right, but may be it can raise up to $4000 before $100. We cant say really, just trying to guess.

[Vann]

Do not hold anything, time to hold was before eth 1000 usd, sell anything you trolls mine and then thank me later when everything crashes to hehell because that is where eth and all cryptcoins will be going very soon, let the moon moon trolls hold, be smart, remember that eth stayed priced around at 100 usd for around 2 years and profit was negative most of the those 2 years.

I hear it from the time then ETH was $600. Several my friends sold ETH between $600 and $800. I sold rather big part of my ETH at $1300.
May be you are right, but may be it can raise up to $4000 before $100. We cant say really, just trying to guess.

The charts show ETH adoption and utilization is at ATH. This is all bullish for ETH

https://etherscan.io/chart/tx

https://etherscan.io/chart/networkutilization

The uncertainty for miners is the upcoming fork substantially reducing the rewards by burning the transaction fees instead of rewarding them to miners. This is also bullish for ETH. Less supply from miners =  less coin to dump to drive the price down. The question is whether competing chains can drive adoption away from ETH given the high transaction costs, before ETH can move to improve capacity and lower transaction costs.

https://etherscan.io/chart/avg-txfee-usd

[philipma1957]

ETH has one major flaw it is a one man show.

So if he dies today what happens to ETH ?

A war for control.

Thus no matter how much you believe in ETH this factor will exist until the leader of ETH dies.

So a full hodl carries that additional risk.

The real question is what do I do with my ETH profits.

well lets say all the gear is paid off.

Sell enough for power and maintenance.
sell some for small extpansion.
exchange some for btc.
sell some for profit.


I am making about 5000 profit a month
I only buy newegg shuffle cards as they are close to msrp.
I buy 1000 in cards each month.
I cash 1000 for power
I cash 1000 for btc.
I cash 1000 for profit ie cash in the bank.

this leaves me 1000 which is either hodl as eth or spent a a newegg shuffle card.

But my power setup is more complex then most and allows me to buy cards without fearmof them ever becoming not profitable. they would become less profit but never negative.

It simply varies for miners and their power deals.

[Metroid]

The charts show ETH adoption and utilization is at ATH. This is all bullish for ETH

https://etherscan.io/chart/tx

https://etherscan.io/chart/networkutilization

The uncertainty for miners is the upcoming fork substantially reducing the rewards by burning the transaction fees instead of rewarding them to miners. This is also bullish for ETH. Less supply from miners =  less coin to dump to drive the price down. The question is whether competing chains can drive adoption away from ETH given the high transaction costs, before ETH can move to improve capacity and lower transaction costs.

https://etherscan.io/chart/avg-txfee-usd

No different than what it was in 2018, in the end we know what happened and the interesting thing is they went on with the forks to reduce issuance and yet price had not changed a bit, stayed around 100 usd ehhe, I think they reduced issuance 5 to 3 eth and then reduced a bit more later on and price stayed at 100 usd ehhe, not saying this will not go up, I'm saying that anybody holding it has a lot more chances of losing profit than earning at moment, a lot of holders could have sold at 1200 usd in 2018 and they have not then it crashed to 100 usd. I'm not expecting it to crash to 100 usd, but 200 ~ 300 usd is within my range of buying it back and trust me it will fill my order very soon. Once they start the sell off, you trolls will see what hehell is like, from July last year they have been accumulating, they will have to sell at some point aka distribution.

[Vann]

The charts show ETH adoption and utilization is at ATH. This is all bullish for ETH

https://etherscan.io/chart/tx

https://etherscan.io/chart/networkutilization

The uncertainty for miners is the upcoming fork substantially reducing the rewards by burning the transaction fees instead of rewarding them to miners. This is also bullish for ETH. Less supply from miners =  less coin to dump to drive the price down. The question is whether competing chains can drive adoption away from ETH given the high transaction costs, before ETH can move to improve capacity and lower transaction costs.

https://etherscan.io/chart/avg-txfee-usd

No different than what it was in 2018, in the end we know what happened and the interesting thing is they went on with the forks to reduce issuance and yet price had not changed a bit, stayed around 100 usd ehhe, I think they reduced issuance 5 to 3 eth and then reduced a bit more later on and price stayed at 100 usd ehhe, not saying this will not go up, I'm saying that anybody holding it has a lot more chances of losing profit than earning at moment, a lot of holders could have sold at 1200 usd in 2018 and they have not then it crashed to 100 usd. I'm not expecting it to crash to 100 usd, but 200 ~ 300 usd is within my range of buying it back and trust me it will fill my order very soon. Once they start the sell off, you trolls will see what hehell is like, from July last year they have been accumulating, they will have to sell at some point aka distribution.

The current dynamics for ETH are very different than from 2-3 years ago. The previous times ETH reached the current levels, it was mostly based on speculation of future adoption, evidenced from the short lived spikes on the chart. In addition to speculation, the current rally has been sustained for almost a year and is based on actual adoption from DeFi projects and participants paying to use ETH, evidenced by the transaction costs, which are nowhere near previous levels. The high transaction costs have actually slowed adoption considerably, as it prices smaller participants out and gives fuel to competing projects.

[Metroid]

The current dynamics for ETH are very different than from 2-3 years ago. The previous times ETH reached the current levels, it was mostly based on speculation of future adoption, evidenced from the short lived spikes on the chart. In addition to speculation, the current rally has been sustained for almost a year and is based on actual adoption from DeFi projects and participants paying to use ETH, evidenced by the transaction costs, which are nowhere near previous levels. The high transaction costs have actually slowed adoption considerably, as it prices smaller participants out and gives fuel to competing projects.

DEFI to me is no different than the ICO's hype in 2017 to 2018, I wonder how long that will keep it up because from when it started, some tokens increased 100 times, that is not sustainable and it will crash hard just like 2018, also I always hear "this time is different", from what I see, there is nothing different at all hehe, hype hype buy buy trap noobs trap noobs then sell off and let them have all the bags hehe

[Vann]

The current dynamics for ETH are very different than from 2-3 years ago. The previous times ETH reached the current levels, it was mostly based on speculation of future adoption, evidenced from the short lived spikes on the chart. In addition to speculation, the current rally has been sustained for almost a year and is based on actual adoption from DeFi projects and participants paying to use ETH, evidenced by the transaction costs, which are nowhere near previous levels. The high transaction costs have actually slowed adoption considerably, as it prices smaller participants out and gives fuel to competing projects.

DEFI to me is no different than the ICO's hype in 2017 to 2018, I wonder how long that will keep it up because from when it started, some tokens increased 100 times, that is not sustainable and it will crash hard just like 2018, also I always hear "this time is different", from what I see, there is nothing different at all hehe, hype hype buy buy trap noobs trap noobs then sell off and let them have all the bags hehe

Well history has shown you are wrong. The most effective strategy since the early days of BTC has not been to trade. It's avoid buying in to hype in hopes of getting rich quick and sticking to projects that have a market fit for the long term. The long term winners since BTC have been the HODL'ers.

[rdluffy]

...

You are something else philipma, I follow your mining journey, and always learn something with your posts.
You've reached a point where you have multiple possibilities to face every market, down, up or sideways, due to your choices before

In my opinion, every miner have to make a plan before jump into mining, I started in 2017, made some mistakes, but I learned about the market cycles, and I was able to reach the ROI of my cards, save some money, and even have some ETH and BTC that I'm holding right now

Now, with this new cycle I reached the ROI again with my cards and I'm able to do some choices

I'm selling ETH for USD, converting some to BTC, and have some ETH in case of a price increase, so I'm prepared for all situations.
It's not good when market crashes and you didn't sell a coin, there's no point for me, and you'll end with a bag of coins, and will need to wait until next cycle

Obviously, miners can save 100% of their coins and sell with 3k USD ETH price, while I sold for 1800 USD but I prefer to be prepared for all situations

I hope that this market keeps rising for months and months, but better be safe than sorry.

[Metroid]

Well history has shown you are wrong. The most effective strategy since the early days of BTC has not been to trade. It's avoid buying in to hype in hopes of getting rich quick and sticking to projects that have a market fit for the long term. The long term winners since BTC have been the HODL'ers.

There is no scam like cryptcoins in the world, they can get money easily from everywhere and every person willingly and scarcity and hype plays a role in the scam. I have never been wrong because I trade since 2011 and I have earned a lot lot more trading than if I had just held bitcoin, period. Yeah for the losers, holding is and was the safest route because every time scammers create a huge bulltrap and then they crash a lot but that lot is not to where they started the bulltrap and this time will be the same but this will end in 10 years or so if not earlier, this same bulltrap will not keep working, there is a limit to everything, good example is gold.

[philipma1957]

...

You are something else philipma, I follow your mining journey, and always learn something with your posts.
You've reached a point where you have multiple possibilities to face every market, down, up or sideways, due to your choices before

In my opinion, every miner have to make a plan before jump into mining, I started in 2017, made some mistakes, but I learned about the market cycles, and I was able to reach the ROI of my cards, save some money, and even have some ETH and BTC that I'm holding right now

Now, with this new cycle I reached the ROI again with my cards and I'm able to do some choices

I'm selling ETH for USD, converting some to BTC, and have some ETH in case of a price increase, so I'm prepared for all situations.
It's not good when market crashes and you didn't sell a coin, there's no point for me, and you'll end with a bag of coins, and will need to wait until next cycle

Obviously, miners can save 100% of their coins and sell with 3k USD ETH price, while I sold for 1800 USD but I prefer to be prepared for all situations

I hope that this market keeps rising for months and months, but better be safe than sorry.

Thank you

I have been working at this since

2011 = zero success
2012 = break even
2013 = some profit
2014 = break even
2015 = break even
2016 = break even
2017 = good year
2018 = small loss
2019 = break even
2020 = small gain
2021 = really really really  good year.  Doge baby amazing

I finally have a good position that I like to be in.

I also can expand and keep looking for bargain Newegg Shuffle cards

[Vann]

Well history has shown you are wrong. The most effective strategy since the early days of BTC has not been to trade. It's avoid buying in to hype in hopes of getting rich quick and sticking to projects that have a market fit for the long term. The long term winners since BTC have been the HODL'ers.

There is no scam like cryptcoins in the world, they can get money easily from everywhere and every person willingly and scarcity and hype plays a role in the scam. I have never been wrong because I trade since 2011 and I have earned a lot lot more trading than if I had just held bitcoin, period. Yeah for the losers, holding is and was the safest route because every time scammers create a huge bulltrap and then they crash a lot but that lot is not to where they started the bulltrap and this time will be the same but this will end in 10 years or so if not earlier, this same bulltrap will not keep working, there is a limit to everything, good example is gold.

You're trying to have it both ways. You call all Crypto a scam and the demonstrably effective strategy of HODL for losers, yet you want us to believe you are this trading genius that knows exactly when to time the market, contrary to all market dynamics and whales parking billions in Crypto and DeFi projects for the long term, despite ATH's. Well congratulations, you must know more than everyone and if you believe that, there's a token for you to 3x your profits with that strategy, which by the way is built on ETH.

https://coinmarketcap.com/currencies/3x-short-ethereum-token

For 99.9% of Crypto enthusiasts trying to time the market is a losing game and it's best to stick to a proven effective strategy. Of course there is nothing wrong in taking profits, especially in the case of miners which have capital investments to recover.

[philipma1957]

Metroid was on point for 2017 crash.

But he is already a loser for this crash.

He started bear far too early so when the crash happens he will claim victory but in reality he was claiming

bear in Dec of 2020.  Anyone that followed his advice in dec lost out and cashed early.

[batsonxl]

Bitcoin loosing its dominance so there might be good chance for alt coins, i think it will start as soon as bitcoin dominance gets under 50%. Bitcoin holding position 56% now anyway it looks interesting for everyone