Well boo hoo im being targeted cry me a river.
Start sayin "its gonna be dark soon" at 8am and repeat it every hour untill 8pm when it actually does, then jump up and down shouting "see I told you so". Moron.
Topic: All in the name of bear market is coming (Read 429 times)
Metroid you have been screaming about bear market since February of this year and till date it never happened, imagine people following your advice since then they will end up hating you lol, bear market will come but don't even think about telling people how the market will play out because its clear that you have no idea, your warning is real though but not the timing
The vast majority of people 99.9% like to hear what I say, the 0.1% hate what I say because is bad for their shady evil schemes, bullrun is the only time they can scam people without much of a consequence. It has been proven that scammers only earn money on bullruns, check website pages selling asics, gpus and third party coins, all scams, so yes they hate when I say the truth, it hurts them, funny, when it was the bear market and I used to say the bull market is coming, scammers loved me hehe, so people hating on me are usually scammers, do not worry I'm used to them, I have been trading crypto since 2010.
Metroid is right, he just left out the part that there are others that make money too, the ROI heads, moonbois, investards, gamblers, etc etc.. LOL
Metroid you have been screaming about bear market since February of this year and till date it never happened, imagine people following your advice since then they will end up hating you lol, bear market will come but don't even think about telling people how the market will play out because its clear that you have no idea, your warning is real though but not the timing
The vast majority of people 99.9% like to hear what I say, the 0.1% hate what I say because is bad for their shady evil schemes, bullrun is the only time they can scam people without much of a consequence. It has been proven that scammers only earn money on bullruns, check website pages selling asics, gpus and third party coins, all scams, so yes they hate when I say the truth, it hurts them, funny, when it was the bear market and I used to say the bull market is coming, scammers loved me hehe, so people hating on me are usually scammers, do not worry I'm used to them, I have been trading crypto since 2010.
Metroid you have been screaming about bear market since February of this year and till date it never happened, imagine people following your advice since then they will end up hating you lol, bear market will come but don't even think about telling people how the market will play out because its clear that you have no idea, your warning is real though but not the timing
Well it might of not topped out in February but he was pretty close. In February BTC peaked at $58K. So if you took all your profits then, you wouldn't really miss out on any major gains. It ended up peaking in middle of April at $64K. That is about ~10% difference, which is fairly low. So I would say it wasn't a bad time to get out. Its still early and who knows if it'll ever even go higher than $58K again.
Mining still however was profitable after this time mostly due to the fees associated with NFTs and DeFI. However if you were mining BTC it would be a different story. There is that time when the BTC difficulty dropped due to the China ban to your advantage however that was only if you had some BTC ASICs and not GPUs.
Metroid you should look up the 'no true Scotsman' fallacy. By saying anyone who disagrees with you is a scammer you are perpetuating this. It's a loop with no way out.
Disagreeing is fine, people disagree with me many times, everybody has a different perspective in life about things, insulting is not and they insult because they know my word is strong in the community and when I say community, is not only here in the bitcointalk website, I mean all exchanges where I have a strong presence, they know when this bs gets bigger I go and say the truth like I did in 2011, 2013 and 2018 and I will keep warning people about the bs and they want to shut me down, well they have been trying for as long as 2011 and to this day they failed. So this is common and I'm used to.
Metroid you should look up the 'no true Scotsman' fallacy. By saying anyone who disagrees with you is a scammer you are perpetuating this. It's a loop with no way out.
I find you humorous and certainly a counterpoint to full time bull bull bull. But at very least this cycle, I've seen you post the same for I'd say at least 6-9 months, it's as if you've called 90 of the last 3 bear markets.
A cynical side of me says you could well be someone using forum clout to discourage newbs from entering the space during a fragile time to hold hash rate and difficulty down.
It won't matter either way, I won't take action on any one person's writing on a forum.
I find you humorous and certainly a counterpoint to full time bull bull bull. But at very least this cycle, I've seen you post the same for I'd say at least 6-9 months, it's as if you've called 90 of the last 3 bear markets.
A cynical side of me says you could well be someone using forum clout to discourage newbs from entering the space during a fragile time to hold hash rate and difficulty down.
It won't matter either way, I won't take action on any one person's writing on a forum.
Metroid you have been screaming about bear market since February of this year and till date it never happened, imagine people following your advice since then they will end up hating you lol, bear market will come but don't even think about telling people how the market will play out because its clear that you have no idea, your warning is real though but not the timing
The vast majority of people 99.9% like to hear what I say, the 0.1% hate what I say because is bad for their shady evil schemes, bullrun is the only time they can scam people without much of a consequence. It has been proven that scammers only earn money on bullruns, check website pages selling asics, gpus and third party coins, all scams, so yes they hate when I say the truth, it hurts them, funny, when it was the bear market and I used to say the bull market is coming, scammers loved me hehe, so people hating on me are usually scammers, do not worry I'm used to them, I have been trading crypto since 2010.
Why dont you quit yapping and put your money where your mouth is. If you're so sure things are gonna tank, please take out a substantial short position on a crypto of your choice, then make a Post about it with screenshots etc so people know you arent just a motormouth.
So hackers can track my account and identity? no, thank you and by the way I do not care whether or not people follow my advice. I know many people that in january 2018 cursed me for 2 weeks and then the crash came and lost 95% in the end and then many of those people came to say you were right and I lost big and same thing happened in march 2020 when I said that btc crash from 12k to 4k was the greatest beartrap to date and the ones who followed my advice won big. Yeah in january 2021 i said not to buy gpus anymore because paying 3 to 5 x to me is insane, but like i said and I always empathize play safe and win big, take the time, do not rush on things. If people missed this time, there will be other times, getting in right now is a double suicide, people missed when it started and right now getting in late --> people are committing a double loss here, better to start early and then stop early too --> double win and even if people have not earned much then they played safe and won in the end, nothing against people who gets late but I will not give any advice to do that.
The reality here is that people envy others and that is bad, you see youtubers and thieves saying they got millionaire overnight or in a week with false claims and then you see many people falling for these traps, greedy is what drives people and then the media, auto reply social media message saying to people to get in, sell everything they had and get in, it was a carnage, most of those people are lucky because this thing did not really crash yet but everything pointed to a huge crash after january 2021. I gave a sane advice, yeah i could have given the advice greedy people wanted to hear, "get all in", "sell your house and everything and buy crypto" and so on and i did not, anyway i have principles. So my point here is better be safe than sorry because losing big will always be a lot lot worse than missed big.
Why dont you quit yapping and put your money where your mouth is. If you're so sure things are gonna tank, please take out a substantial short position on a crypto of your choice, then make a Post about it with screenshots etc so people know you arent just a motormouth.
So hackers can track my account and identity? no, thank you and by the way I do not care whether or not people follow my advice. I know many people that in january 2018 cursed me for 2 weeks and then the crash came and lost 95% in the end and then many of those people came to say you were right and I lost big and same thing happened in march 2020 when I said that btc crash from 12k to 4k was the greatest beartrap to date and the ones who followed my advice won big. Yeah in january 2021 i said not to buy gpus anymore because paying 3 to 5 x to me is insane, but like i said and I always empathize play safe and win big, take the time, do not rush on things. If people missed this time, there will be other times, getting in right now is a double suicide, people missed when it started and right now getting in late --> people are committing a double loss here, better to start early and then stop early too --> double win and even if people have not earned much then they played safe and won in the end, nothing against people who gets late but I will not give any advice to do that.
The reality here is that people envy others and that is bad, you see youtubers and thieves saying they got millionaire overnight or in a week with false claims and then you see many people falling for these traps, greedy is what drives people and then the media, auto reply social media message saying to people to get in, sell everything they had and get in, it was a carnage, most of those people are lucky because this thing did not really crash yet but everything pointed to a huge crash after january 2021. I gave a sane advice, yeah i could have given the advice greedy people wanted to hear, "get all in", "sell your house and everything and buy crypto" and so on and i did not, anyway i have principles. So my point here is better be safe than sorry because losing big will always be a lot lot worse than missed big.
You are a motormouth and doomsayer with nothing plausible to backup your FUD.
Why dont you quit yapping and put your money where your mouth is. If you're so sure things are gonna tank, please take out a substantial short position on a crypto of your choice, then make a Post about it with screenshots etc so people know you arent just a motormouth.
So hackers can track my account and identity? no, thank you and by the way I do not care whether or not people follow my advice. I know many people that in january 2018 cursed me for 2 weeks and then the crash came and lost 95% in the end and then many of those people came to say you were right and I lost big and same thing happened in march 2020 when I said that btc crash from 12k to 4k was the greatest beartrap to date and the ones who followed my advice won big. Yeah in january 2021 i said not to buy gpus anymore because paying 3 to 5 x to me is insane, but like i said and I always empathize play safe and win big, take the time, do not rush on things. If people missed this time, there will be other times, getting in right now is a double suicide, people missed when it started and right now getting in late --> people are committing a double loss here, better to start early and then stop early too --> double win and even if people have not earned much then they played safe and won in the end, nothing against people who gets late but I will not give any advice to do that.
The reality here is that people envy others and that is bad, you see youtubers and thieves saying they got millionaire overnight or in a week with false claims and then you see many people falling for these traps, greedy is what drives people and then the media, auto reply social media message saying to people to get in, sell everything they had and get in, it was a carnage, most of those people are lucky because this thing did not really crash yet but everything pointed to a huge crash after january 2021. I gave a sane advice, yeah i could have given the advice greedy people wanted to hear, "get all in", "sell your house and everything and buy crypto" and so on and i did not, anyway i have principles. So my point here is better be safe than sorry because losing big will always be a lot lot worse than missed big.
Your advice is terrible. You gave it for 10 months in a row and it was wrong for 10 months in a row.
The time now is for dca dollar cost average of gpu purchases.
Funny, you said it was a terrible advice, terrible advice after a coin rose 15 times its price? that is no terrible advice, anyway, in the world of crypto, there is gamble, you take a little, big or no gamble at all, my advice was "better be safe than sorry", when a coin rises 15 times in few weeks, you sell and be happy about it, being greedy is good, being too greedy is bad, in the end the important thing is do not be a sucker, as long as you are in profit that is what matters.
About gpus, the time to buy gpus while being safe was before january 2021. There was enough stock before january at msrp, that was the right time to gamble on it, my advice after january was not to buy gpus because gpus were 3 x or more than msrp already, my first rule of safe mining to people will always be, do not ever buy overpriced gpus and as long as you dont do then you are doing it right, this case of the op is hey I wanted to be too greedy and "in the name of the bear market is coming" i missed profit, people need to choose what level of gamble they want to be in and do not blame the advice others say, everybody has a different view of things, some gamble 100%, some gamble 0%, some stay in the middle and gamble 50% and so on.
Also, gpus are coming in lhr form and you are competing x asics x non lhr gpus and yet paid 5 x the msrp ehhe and you want to be everything alright in the end and achieve roi hehe, if people are expecting me to say "hey be a sucker and do it", they got it all wrong.
Why dont you quit yapping and put your money where your mouth is. If you're so sure things are gonna tank, please take out a substantial short position on a crypto of your choice, then make a Post about it with screenshots etc so people know you arent just a motormouth.
Everyone seem to be missing a vital point about crypto market today, what makes you guys think that bear market will matter anymore? What if bear market gets here and it's not as strong as 2018 bear market? Adoption rate is extremely higher right now and millions are joining the space, those who called crypto scam years back are now buying, crypto market have been better since Covid period in April 2020, crypto have clear the fact that it is better than stock in that period
Hold on buddy, the market can always kill us. If you don't have a strong mind, leave it. As for me personally, perhaps I have learned to let go of everything to come to success. Good luck buddy
Your advice is terrible. You gave it for 10 months in a row and it was wrong for 10 months in a row.
The time now is for dca dollar cost average of gpu purchases.
Funny, you said it was a terrible advice, terrible advice after a coin rose 15 times its price? that is no terrible advice, anyway, in the world of crypto, there is gamble, you take a little, big or no gamble at all, my advice was "better be safe than sorry", when a coin rises 15 times in few weeks, you sell and be happy about it, being greedy is good, being too greedy is bad, in the end the important thing is do not be a sucker, as long as you are in profit that is what matters.
About gpus, the time to buy gpus while being safe was before january 2021. There was enough stock before january at msrp, that was the right time to gamble on it, my advice after january was not to buy gpus because gpus were 3 x or more than msrp already, my first rule of safe mining to people will always be, do not ever buy overpriced gpus and as long as you dont do then you are doing it right, this case of the op is hey I wanted to be too greedy and "in the name of the bear market is coming" i missed profit, people need to choose what level of gamble they want to be in and do not blame the advice others say, everybody has a different view of things, some gamble 100%, some gamble 0%, some stay in the middle and gamble 50% and so on.
Also, gpus are coming in lhr form and you are competing x asics x non lhr gpus and yet paid 5 x the msrp ehhe and you want to be everything alright in the end and achieve roi hehe, if people are expecting me to say "hey be a sucker and do it", they got it all wrong.
Your advice is terrible. You gave it for 10 months in a row and it was wrong for 10 months in a row.
The time now is for dca dollar cost average of gpu purchases.
Funny, you said it was a terrible advice, terrible advice after a coin rose 15 times its price? that is no terrible advice, anyway, in the world of crypto, there is gamble, you take a little, big or no gamble at all, my advice was "better be safe than sorry", when a coin rises 15 times in few weeks, you sell and be happy about it, being greedy is good, being too greedy is bad, in the end the important thing is do not be a sucker, as long as you are in profit that is what matters.
About gpus, the time to buy gpus while being safe was before january 2021. There was enough stock before january at msrp, that was the right time to gamble on it, my advice after january was not to buy gpus because gpus were 3 x or more than msrp already, my first rule of safe mining to people will always be, do not ever buy overpriced gpus and as long as you dont do then you are doing it right, this case of the op is hey I wanted to be too greedy and "in the name of the bear market is coming" i missed profit, people need to choose what level of gamble they want to be in and do not blame the advice others say, everybody has a different view of things, some gamble 100%, some gamble 0%, some stay in the middle and gamble 50% and so on.
Also, gpus are coming in lhr form and you are competing x asics x non lhr gpus and yet paid 5 x the msrp ehhe and you want to be everything alright in the end and achieve roi hehe, if people are expecting me to say "hey be a sucker and do it", they got it all wrong.
Your advice is terrible. You gave it for 10 months in a row and it was wrong for 10 months in a row.
The time now is for dca dollar cost average of gpu purchases.
Funny, you said it was a terrible advice, terrible advice after a coin rose 15 times its price? that is no terrible advice, anyway, in the world of crypto, there is gamble, you take a little, big or no gamble at all, my advice was "better be safe than sorry", when a coin rises 15 times in few weeks, you sell and be happy about it, being greedy is good, being too greedy is bad, in the end the important thing is do not be a sucker, as long as you are in profit that is what matters.
About gpus, the time to buy gpus while being safe was before january 2021. There was enough stock before january at msrp, that was the right time to gamble on it, my advice after january was not to buy gpus because gpus were 3 x or more than msrp already, my first rule of safe mining to people will always be, do not ever buy overpriced gpus and as long as you dont do then you are doing it right, this case of the op is hey I wanted to be too greedy and "in the name of the bear market is coming" i missed profit, people need to choose what level of gamble they want to be in and do not blame the advice others say, everybody has a different view of things, some gamble 100%, some gamble 0%, some stay in the middle and gamble 50% and so on.
Also, gpus are coming in lhr form and you are competing x asics x non lhr gpus and yet paid 5 x the msrp ehhe and you want to be everything alright in the end and achieve roi hehe, if people are expecting me to say "hey be a sucker and do it", they got it all wrong.
My memory might be hazy but when the profits were like 0.25 per GPU which was pretty much either $0/day net profit or even a slight loss I think Phil was mining at his friends place which had solar panels. However I might be wrong. As far as I understand whether bull or bear market he is always mining.
Don’t know if he will remember or not, but me and a bunch of other guys from 2016 told him to get back into ETH mining, we told him to diversify. And low and behind, I remember he posted a photo of a old Radeon 7950 GPU with a zip tied case fan attached sitting on a motherboard which was sitting on a cardboard box. The rest is history, I think he mined ETH non stop since then.
Thanks for all your contributions guys, I will like to follow someone like this philipma1957 who thinks on the long term only, I'm in this mining thing for a long term so I'm ready to keep storing coins in bear market attacks like that of 2018, the money I want to use to build more rigs isn't needed as I have other real life job secured and I have enough money in the bank too Don’t know if he will remember or not, but me and a bunch of other guys from 2016 told him to get back into ETH mining, we told him to diversify. And low and behind, I remember he posted a photo of a old Radeon 7950 GPU with a zip tied case fan attached sitting on a motherboard which was sitting on a cardboard box. The rest is history, I think he mined ETH non stop since then.
philipma1957, do you keep some part of the mined coins or do you spend everything on buying new video cards?
I read your post about how you have grown to 5 GH.
If, for example, after the end of Ethereum mining, the situation of 2019 repeats itself, when the profit will be 10-30 cents from one video card per day, then can you lose or not?
Philipma1957 isn't in any loss and I believe he will keep mining why?I read your post about how you have grown to 5 GH.
If, for example, after the end of Ethereum mining, the situation of 2019 repeats itself, when the profit will be 10-30 cents from one video card per day, then can you lose or not?
1. Electricity bill is still affordable I guess 🙂
2. You don't lose until you sell off your coins
Do you know that many made insane money from ETH that they mined and hold since 2018/2019?
My memory might be hazy but when the profits were like 0.25 per GPU which was pretty much either $0/day net profit or even a slight loss I think Phil was mining at his friends place which had solar panels. However I might be wrong. As far as I understand whether bull or bear market he is always mining.
Don’t know if he will remember or not, but me and a bunch of other guys from 2016 told him to get back into ETH mining, we told him to diversify. And low and behind, I remember he posted a photo of a old Radeon 7950 GPU with a zip tied case fan attached sitting on a motherboard which was sitting on a cardboard box. The rest is history, I think he mined ETH non stop since then.
Don’t know if he will remember or not, but me and a bunch of other guys from 2016 told him to get back into ETH mining, we told him to diversify. And low and behind, I remember he posted a photo of a old Radeon 7950 GPU with a zip tied case fan attached sitting on a motherboard which was sitting on a cardboard box. The rest is history, I think he mined ETH non stop since then.
philipma1957, do you keep some part of the mined coins or do you spend everything on buying new video cards?
I read your post about how you have grown to 5 GH.
If, for example, after the end of Ethereum mining, the situation of 2019 repeats itself, when the profit will be 10-30 cents from one video card per day, then can you lose or not?
I read your post about how you have grown to 5 GH.
If, for example, after the end of Ethereum mining, the situation of 2019 repeats itself, when the profit will be 10-30 cents from one video card per day, then can you lose or not?
Nobody knows what will happen is why it's good to take risks, if you don't take risks you will be at one spot for a long time, metroid used to warn everyone about crypto bear market and I still have the gut to build my mining rigs in April 2021, today I'm glad I did
To this day i still warn, time to buy gpus is over, yeah you can take the risk yet and do that double suicide, anyway, is just common after a huge bullrun for things just crash to hehell, this reminds me of march 2020 when btc crashed below 3k and people saying btc would crash to 1k and i said at that time that was the greatest beartrap to date and i was right, after that we saw a huge upwards and then bullrun started, that was the best time to buy coins, btc at 4k, now is the worse time to buy coins if you think long term, short term is good, buy now, wait btc go up a little and then sell, I know many are not buying this wave yet as btc has not yet reached previous ath --> 64k, so people are also reluctant to buy altcoins, they know that as soon as btc goes above all time high of 64k, the bear market and the huge crash is coming, for now is just sideways, ups and downs but as we get closer to q4 pumps will be more common and dumps more uncommon then when people think btc will go to 100k and everybody is happy then from nowhere we see a huge dump of 50% or more and then you have the signal, bear market is coming and all is over, for now enjoy selling coins high.
Your advice is terrible. You gave it for 10 months in a row and it was wrong for 10 months in a row.
The time now is for dca dollar cost average of gpu purchases.
no more complex then that. If you can buy 10000 in gear and that is your max don't
buy 1000 or 2000
wait a month and buy the same 1000 or 2000
wait a month and buy the same 1000 or 2000
this means you can buy 5 months in a row if you go for 2000 a bit risky on the down side.
or you can buy 10 months in a row if you go for 1000 less risky on the down side
as long as you are disciplined you will not get burnt.
It's a waste of time waiting for GPUs to become cheaper, this dream will only be possible if strong bear market occurs but I don't see that happening any time sooner, just buy GPUs and start mining with what you have, make sure you use fund you won't be needing any time soon, I built 12x GPU rig in August of this year and I don't care if bear market is coming or not cos the truth is no one really knows
It's certain that bear market will come but this shouldn't be the reason to stop building Mining rigs unless GPU price are too costly, presently some cards are available for sale on best buy as we speak, they aren't to far away from MSRP, even in bear market keep mining
GPU value isn't coming down any time sooner, that's where the headache is because buying GPUs at high price will prolong your return of investment, if you can find good GPU deals then go for it, even if bear comes you will still get your ROI back if you are not in haste, also make sure your electricity bill is very much affordable
Nobody knows what will happen is why it's good to take risks, if you don't take risks you will be at one spot for a long time, metroid used to warn everyone about crypto bear market and I still have the gut to build my mining rigs in April 2021, today I'm glad I did
To this day i still warn, time to buy gpus is over, yeah you can take the risk yet and do that double suicide, anyway, is just common after a huge bullrun for things just crash to hehell, this reminds me of march 2020 when btc crashed below 3k and people saying btc would crash to 1k and i said at that time that was the greatest beartrap to date and i was right, after that we saw a huge upwards and then bullrun started, that was the best time to buy coins, btc at 4k, now is the worse time to buy coins if you think long term, short term is good, buy now, wait btc go up a little and then sell, I know many are not buying this wave yet as btc has not yet reached previous ath --> 64k, so people are also reluctant to buy altcoins, they know that as soon as btc goes above all time high of 64k, the bear market and the huge crash is coming, for now is just sideways, ups and downs but as we get closer to q4 pumps will be more common and dumps more uncommon then when people think btc will go to 100k and everybody is happy then from nowhere we see a huge dump of 50% or more and then you have the signal, bear market is coming and all is over, for now enjoy selling coins high.
The q4 just started, and most know that q4 is usually very bullish for crypto. And we are off to a good start with the recent rally we just had. However remember 2018… most weren’t around back the however people assumed it would also be a bullish quarter and what happened instead… complete opposite.
So what you think is going to happen mostly likely won’t. And with mining and GPUs is no different. We all assumed GPUs would be cheaper because profits went down a little but it’s not the case with GPU prices and mining difficulty.
Only thing clear about the future is nobody knows what will happen.
Nobody knows what will happen is why it's good to take risks, if you don't take risks you will be at one spot for a long time, metroid used to warn everyone about crypto bear market and I still have the gut to build my mining rigs in April 2021, today I'm glad I did So what you think is going to happen mostly likely won’t. And with mining and GPUs is no different. We all assumed GPUs would be cheaper because profits went down a little but it’s not the case with GPU prices and mining difficulty.
Only thing clear about the future is nobody knows what will happen.
The q4 just started, and most know that q4 is usually very bullish for crypto. And we are off to a good start with the recent rally we just had. However remember 2018… most weren’t around back the however people assumed it would also be a bullish quarter and what happened instead… complete opposite.
So what you think is going to happen mostly likely won’t. And with mining and GPUs is no different. We all assumed GPUs would be cheaper because profits went down a little but it’s not the case with GPU prices and mining difficulty.
Only thing clear about the future is nobody knows what will happen.
So what you think is going to happen mostly likely won’t. And with mining and GPUs is no different. We all assumed GPUs would be cheaper because profits went down a little but it’s not the case with GPU prices and mining difficulty.
Only thing clear about the future is nobody knows what will happen.
All in the name of 'bear market is coming' I refused to buy GPUs and I end up watching weeks and months pass me by while crypto mining keeps its sane part intact, isn't this the road to later regrets? It's clear to see that bear isn't coming till 2022 or am I wrong?
I believe that it is still very early for a bear market, but I do not know what will happen to cryptocurrency mining after the start of Ethereum POS mining.Investing in mining by buying several video cards now may not be the best solution, you need to start preparing for a massive sale in 2022.
700 terahesh gives a huge number of video cards.
let's say if 350 terahesh are given by video cards, then this is more than 10 million video cards around the world.
Or do you know a new coin that can take so many graphics cards on board?
Who cares doesn't matter.
If you mine at 5gh that is 5000 x 6.5 cents = 325 a day usd if power is 3 cents you burn about 275 kwatts a day or 8-9 dollars a day
thus you are 325- say 15 = 310 a day profit. or 7 x 310 = 2100 a week.
Note I rounded down a bit. so if you dca you buy a card ( a 3090 ) every 3 weeks and bank 4200 durning the same 3 weeks
in 30 weeks you grew to 10 more 3090's and 42000 cash. if at any time a big crash happens and cards get cheap buy 2 not 1.
you run into this plan of dca to expand. It will rarely be perfect but it will never crush you with an overload.
This works for anyone with dirt cheap power. It does not work for a guy with 25 cent power. A big crash will hurt him.
You already have good interest in mining judging from your post, if I were you I would have take the risk and see what happens, if you want to venture into any crypto investment you need to make use of money that you are willing to risk and as for mining make sure you use the money you don't need for a whole year, time is running dear this bull market might stay around for a long time
All in the name of 'bear market is coming' I refused to buy GPUs and I end up watching weeks and months pass me by while crypto mining keeps its sane part intact, isn't this the road to later regrets? It's clear to see that bear isn't coming till 2022 or am I wrong?
I believe that it is still very early for a bear market, but I do not know what will happen to cryptocurrency mining after the start of Ethereum POS mining.Investing in mining by buying several video cards now may not be the best solution, you need to start preparing for a massive sale in 2022.
700 terahesh gives a huge number of video cards.
let's say if 350 terahesh are given by video cards, then this is more than 10 million video cards around the world.
Or do you know a new coin that can take so many graphics cards on board?
All in the name of 'bear market is coming' I refused to buy GPUs and I end up watching weeks and months pass me by while crypto mining keeps its sane part intact, isn't this the road to later regrets? It's clear to see that bear isn't coming till 2022 or am I wrong?
You dont buy gpus when the best part is already gone, time to buy gpus was before january 2021, after btc hits 79k (made this prediction in january 2021) everything will crash hard 80% from top 79k / 6 = 13k but it will crash even more than 13k, likely going sub 10k then going back up to 12k and then stay around 15k next 3 years or so. Don't keep hitting your head about regret, things could have been much different than what is right now. The only certain thing now is that the bear market is very close.
i pointed it out before and philipma1957 agreed.
at the peak of bull market/start of bear market, if you have good power deals you might still be able to ROI your gpus within a year because it happened in the last cycle.
at the peak of bull market/start of bear market, if you have good power deals you might still be able to ROI your gpus within a year because it happened in the last cycle.
All in the name of 'bear market is coming' I refused to buy GPUs and I end up watching weeks and months pass me by while crypto mining keeps its sane part intact, isn't this the road to later regrets? It's clear to see that bear isn't coming till 2022 or am I wrong?
You dont buy gpus when the best part is already gone, time to buy gpus was before january 2021, after btc hits 79k (made this prediction in january 2021) everything will crash hard 80% from top 79k / 6 = 13k but it will crash even more than 13k, likely going sub 10k then going back up to 12k and then stay around 15k next 3 years or so. Don't keep hitting your head about regret, things could have been much different than what is right now. The only certain thing now is that the bear market is very close.
All in the name of 'bear market is coming' I refused to buy GPUs and I end up watching weeks and months pass me by while crypto mining keeps its sane part intact, isn't this the road to later regrets? It's clear to see that bear isn't coming till 2022 or am I wrong?
I believe that it is still very early for a bear market, but I do not know what will happen to cryptocurrency mining after the start of Ethereum POS mining.Investing in mining by buying several video cards now may not be the best solution, you need to start preparing for a massive sale in 2022.
All in the name of 'bear market is coming' I refused to buy GPUs and I end up watching weeks and months pass me by while crypto mining keeps its sane part intact, isn't this the road to later regrets? It's clear to see that bear isn't coming till 2022 or am I wrong?
I believe that it is still very early for a bear market, but I do not know what will happen to cryptocurrency mining after the start of Ethereum POS mining.Investing in mining by buying several video cards now may not be the best solution, you need to start preparing for a massive sale in 2022.
you think gpu will be cheaper when bear market happens?
the supply of gpu is probably not reaching to its destination right now because of covid. shipping lines are disrupted and all stocks are stranded on the ships. i think the bull market will continue to last even after 2022.
Okay so you listened to metroid he has been calling crash since Jan of 2021.
Dca for gear works.
slow buildup of gear works.
as long as you do not overextend when buying gear you should buy gear.
pretty simple method.
add a card a day
add a card a week
add a card a month
add a card a season
add a card a year or so
all are dca method of growing the farm.
when jan 2021 hit I had 2gh in eth
now that oct 2021 hit I am near 5gh in eth.
do I plan to grow more yes.
I am very lucky as I have tons and tons and tons of excess cheap power.
So I never need to rush the growth of the locations.
our youngest guy is 23
our oldest guy is 75
with six involved in this we cover
ages in the 20’s 40’s 50’s 60’s 70’s
so we have some looking to stop soon 🔜 and some looking to last for years.
think dca or dollar cost average.
add a card and wait to add another.
Dca for gear works.
slow buildup of gear works.
as long as you do not overextend when buying gear you should buy gear.
pretty simple method.
add a card a day
add a card a week
add a card a month
add a card a season
add a card a year or so
all are dca method of growing the farm.
when jan 2021 hit I had 2gh in eth
now that oct 2021 hit I am near 5gh in eth.
do I plan to grow more yes.
I am very lucky as I have tons and tons and tons of excess cheap power.
So I never need to rush the growth of the locations.
our youngest guy is 23
our oldest guy is 75
with six involved in this we cover
ages in the 20’s 40’s 50’s 60’s 70’s
so we have some looking to stop soon 🔜 and some looking to last for years.
think dca or dollar cost average.
add a card and wait to add another.
All in the name of 'bear market is coming' I refused to buy GPUs and I end up watching weeks and months pass me by while crypto mining keeps its sane part intact, isn't this the road to later regrets? It's clear to see that bear isn't coming till 2022 or am I wrong?
The bear market may hit next year, but nothing for sure when we still in pandemic situation that benefits for crypto industry, everything goes to digital, and more user for crypto, who knows
You feeling like you missed out only because bull market is still very much alive, honestly mining profitability will soon be over but might last till early 2022, even if you start now you won't be able to get your ROI back fully before 2022, I built rigs recently only because I have the money and I don't care what happens, if you get the balls you can do the same thing mind you waiting for bear market isn't wrong at all cos it's definitely coming
All in the name of 'bear market is coming' I refused to buy GPUs and I end up watching weeks and months pass me by while crypto mining keeps its sane part intact, isn't this the road to later regrets? It's clear to see that bear isn't coming till 2022 or am I wrong?
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