This is not what you want to hear but mining is dead, at least for the short-term (next 12 months or so). Any investment in mining gear right now is going to cause you and your investor to take a one way trip to Rekt City.
The bear market is not done yet. BTC WILL drop under 5k, probably down to under 2K before this is all said and done. Ethereum will hit under $100 before finding stability, and it might even do a quick drop to $50 or so first.
All of these posts of "I am breaking even so will continue to mine and hold" is simply delusional thinking, as once your breakeven point fails, all the mined coins you thought you mined at a profit are actually now underwater as well. You would have been better off waiting awhile and buying coins outright in a few more months at a discount.
I do believe crypto will recover, at least some of the bigger and more promising coins, but many of the alts will also slowly become worthless and disappear completely. Be careful of what coins you buy as next time the "sure thing" feeling will be over as many people have been burned now and will be a lot more hesitant the next time around and not just pour money into all the "me-too" coins.
I would say mid-2019 would be the time to start looking at promising coins again and mining under the radar, keeping it simple at first. I would expect 2020 to be the year crypto is taken seriously again and seeing meteoric rises like we did in 2017, but again not every coin is going to take the rocket-ship to the moon, so you need to really look past the fluff and research what coins you want to get into and have an actual use case.
The bear market is not done yet. BTC WILL drop under 5k, probably down to under 2K before this is all said and done. Ethereum will hit under $100 before finding stability, and it might even do a quick drop to $50 or so first.
All of these posts of "I am breaking even so will continue to mine and hold" is simply delusional thinking, as once your breakeven point fails, all the mined coins you thought you mined at a profit are actually now underwater as well. You would have been better off waiting awhile and buying coins outright in a few more months at a discount.
I do believe crypto will recover, at least some of the bigger and more promising coins, but many of the alts will also slowly become worthless and disappear completely. Be careful of what coins you buy as next time the "sure thing" feeling will be over as many people have been burned now and will be a lot more hesitant the next time around and not just pour money into all the "me-too" coins.
I would say mid-2019 would be the time to start looking at promising coins again and mining under the radar, keeping it simple at first. I would expect 2020 to be the year crypto is taken seriously again and seeing meteoric rises like we did in 2017, but again not every coin is going to take the rocket-ship to the moon, so you need to really look past the fluff and research what coins you want to get into and have an actual use case.
Well, well, well. Here were are 3 months later and we see who the real trolls are/were.
My prediction, more of an expectation actually, proved to be pretty accurate.The market has a ways to go before we see ATH's again. Look at 2013-2016 playbook, so far its been pretty much a carbon copy and I see no good reason for that to change anytime soon.
Anyway what I said previously still holds true. For all you mine and hold types who look at those online profit calculators to see if you are making money, if you held those coins until now you mined at a loss! If you are still doing this stop! Simply buy the coins outright and quit buying all that expensive mining gear.
I have the equipment to sell - wont get too much for asics, more for gpu's. But point is that as long as I can keep reinvesting profits and upgrading constantly, a point will come when I'll be able to pay for equipment with previously earned profit. So mining as a business, given some common sense should pay off in the long run.