Topic: Best Way for Bargain Hunting in the Bear Market! - page 2. (Read 706 times)
It seems to me that mining is not so important now. For me the best way is to trade. You could learn this and then you will always be in the black despite the market situation.
All these movements are part of something very important, they want us to sell cheap, when this is the opportunity to buy cheap, so maybe, by lowering the price of bitcoin cause panic in people who have invested in bitcoin, especially , those who are insecure.
Personally I'm looking for long term investment so I try to use simple MA to analyze when I can purchase it
For example with current situation, the pattern show that it's positive enough to purchase and when the graph start to move, it's show the correct decision !
For example with current situation, the pattern show that it's positive enough to purchase and when the graph start to move, it's show the correct decision !
So you mean in current situation, buying a machine to get btc is the best solution for long term investment?
And if I'm correct, he's talking about trading not mining.
#1 is kinda given. That's what people do when prices for something they value and believe will increase in value is at a low cost. #2 is just sketchy and I wouldn't bother with it. #3 would come with additional maintenance and utility costs I'd rather not have.
If you think cloud mining works you are wrong ,don't even try it ,all cloud mining services are just ponzi schemes that are perfectly organized ,too hard to believe ,making investors believe that they have large farm full of mining rigs ,stay away you've been warned
I've got so many comments related to cloud mining is a ponzi scheme and I did not advice them at the beginning. What I was saying is to own a machine and getting coins directly maybe less risky than buying coins.
If you think cloud mining works you are wrong ,don't even try it ,all cloud mining services are just ponzi schemes that are perfectly organized ,too hard to believe ,making investors believe that they have large farm full of mining rigs ,stay away you've been warned
I can say you are right about the first advice but others I don’t really accept them. There are pretty many ways to make money even in bear market and some platforms offers the option of shorting which many people has gained from it in the past months especially with bitcoin. Mining is what I like b cause I thin it’s kind of a Ponzi scheme and many of them do fold up at some time in the business. Nothing last for long, as a good trader you should be able to profit both in bear and bull. It’s just about knowing the right thing to do and do it diligently.
I agree with the opinion that there are many ways to make money even in bear market, but I'm disagree with what you are saying is the opinion 'mining is a kind of Ponzi scheme', because from my understanding, 'buying the hashrate' and 'buying a machine to get btc' are totally two different things. Most of comments above said 'buying hashrate' (which equals to 'cloud mining') is a Ponzi shceme, though I still do not know why they say that, I think maybe most of cloud mining companies are frauds in nature.
why? years of experience in seeing new cloud mining companies coming up and say they are legitimate and provide all kinds of weird "proof" and then go belly up after a while because they were Ponzi schemes. it is not a profitable business so they have to do other things to make ends meet. and it has always been like this.
here is a topic you can read for more information: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁
Thank you so much for sharing this link!! That really helps
bar·gain /ˈbärɡən/ - a thing bought or offered for sale more cheaply than is usual or expected.
(BARGAIN | meaning in the Cambridge English Dictionary. (n.d.). Retrieved from https://dictionary.cambridge.org/dictionary/english/bargain)
To conclude this the only way I think you can bought a bargain bitcoin is to user by user agreement on where a you're going to do a direct exchange with a certain user with a price lower than on an exchange.
(BARGAIN | meaning in the Cambridge English Dictionary. (n.d.). Retrieved from https://dictionary.cambridge.org/dictionary/english/bargain)
Quote
1. Buy Bitcoins and wait the price to increase.
What if you bought at the peak of its price at a certain time? you need to have a basis what is the right time to buy a bitcoin and you don't have assurance that you bought it in bargain since it has no usual price because it is volatile and doesn't have a stable price.Quote
2. Buy the hashrate of BTC miners and find the miner hosting services.
For what I've known and according to the surveys I've read online (Not sure if it was true) a few months back buying hashrates are not that profitable at all also buying hashrates refer to as a cloud mining.Quote
3. Get a BTC miner directly and mining bitcoins by themselves.
Let's say you bought a $1200 miner (Just an example) plus the payment for the electricity to run your miner and the current price of bitcoin. I think you're investment in miner as well as in electricity cost much rather on what you're earning from mining (because of the low price of bitcoin)To conclude this the only way I think you can bought a bargain bitcoin is to user by user agreement on where a you're going to do a direct exchange with a certain user with a price lower than on an exchange.
Thanks for your comprehensive analysis on these three opinions (of my own:P), but I have some different opinion for the third comment, 'I think you're investment in miner as well as in electricity cost much rather on what you're earning from mining'. No, the miner itself does not have much value, so I think buying the miner does not mean to invest in the machine itself, it's the initial cost (so as to the electricity fees), what you actually invest is the btc mining by the machine, and the future increase on the value of them.
There is a saying that anyone can make money in a bull market, but bear markets are where future profits are carved. This could apply to the current market situation especially when the market trend turns to be better.
The price of BTC soared from the bottom on December of 2018 at $3,203 to around $4,000 recently, which has increased by nearly 25% in only three months. When miners are worry about their losses on the devaluation of BTC, the market moved and getting better in a rapid speed.
Under the current duration where the bear turns to bull. It is the best time for bargain hunting for miners. There are several ways for bargain hunting and the chief three are shown as below:
1. Buy Bitcoins and wait the price to increase.
2. Buy the hashrate of BTC miners and find the miner hosting services.
3. Get a BTC miner directly and mining bitcoins by themselves.
There are pros and cons of these ways. From my opinion, for example, for risk-averse people, purchasing a BTC miner is a better way because the only cost is the investment capital on the miner and electricity fees of the data center. Compared with buying Bitcoins from the Exchange place, getting a BTC miner could be more safe and stable. The only disadvantage of the third way is probably its inconvenience of subsequent procedures such as hosting and operating. Though, it could be easily figured out by experienced platform and specialized companies.
I am a beginer of Bitcoin and Blockchain industry and still in the process of learning, feel feel to contact me and you guys are also very welcomed to email me. We could discuss and learn together
[email protected]
of the three ways only number 1 is the most commonly used by most investors, this method is considered easy and has little risk because buying at a basic price, and about yourself I don't think you are a beginner even you already understand a lot about actual crypto investmentThe price of BTC soared from the bottom on December of 2018 at $3,203 to around $4,000 recently, which has increased by nearly 25% in only three months. When miners are worry about their losses on the devaluation of BTC, the market moved and getting better in a rapid speed.
Under the current duration where the bear turns to bull. It is the best time for bargain hunting for miners. There are several ways for bargain hunting and the chief three are shown as below:
1. Buy Bitcoins and wait the price to increase.
2. Buy the hashrate of BTC miners and find the miner hosting services.
3. Get a BTC miner directly and mining bitcoins by themselves.
There are pros and cons of these ways. From my opinion, for example, for risk-averse people, purchasing a BTC miner is a better way because the only cost is the investment capital on the miner and electricity fees of the data center. Compared with buying Bitcoins from the Exchange place, getting a BTC miner could be more safe and stable. The only disadvantage of the third way is probably its inconvenience of subsequent procedures such as hosting and operating. Though, it could be easily figured out by experienced platform and specialized companies.
I am a beginer of Bitcoin and Blockchain industry and still in the process of learning, feel feel to contact me and you guys are also very welcomed to email me. We could discuss and learn together
[email protected]
Thanks, but I'm still learning on it.
Actually I don't think the no.1 method has little risk, instead, I think it is the most risky choice, think about the stock market, isn't it quite similar? and I think there are a lot differences between investment and speculation.
Indeed, profits occur before a bullish market, someone will not get a profit without going through a bearish period, so take advantage of the bearish market as well as possible instead of complaining because bitcoin is not going up,
Totally agree with you!
So what do you think about the current market? a bullish market right?
Well the fact that it's a bear market means that most coins are at a bargain price. You just have to be patient in timing when you think the price is close to the bottom. Have a plan. And i don't think the current status of the market can be considered as bullish yet. Probably not until we can get back to around 6k in a consistent trend.
Yep, I think so. It's true that at current time most coins are at a bargain price, so be patient means to do nothing? what kind of ways you think is a proper one to utilize especially on current bargain price period: buying coins at low price or buying the machine?
I can say you are right about the first advice but others I don’t really accept them. There are pretty many ways to make money even in bear market and some platforms offers the option of shorting which many people has gained from it in the past months especially with bitcoin. Mining is what I like b cause I thin it’s kind of a Ponzi scheme and many of them do fold up at some time in the business. Nothing last for long, as a good trader you should be able to profit both in bear and bull. It’s just about knowing the right thing to do and do it diligently.
I agree with the opinion that there are many ways to make money even in bear market, but I'm disagree with what you are saying is the opinion 'mining is a kind of Ponzi scheme', because from my understanding, 'buying the hashrate' and 'buying a machine to get btc' are totally two different things. Most of comments above said 'buying hashrate' (which equals to 'cloud mining') is a Ponzi shceme, though I still do not know why they say that, I think maybe most of cloud mining companies are frauds in nature.
why? years of experience in seeing new cloud mining companies coming up and say they are legitimate and provide all kinds of weird "proof" and then go belly up after a while because they were Ponzi schemes. it is not a profitable business so they have to do other things to make ends meet. and it has always been like this.
here is a topic you can read for more information: ▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁
Personally I'm looking for long term investment so I try to use simple MA to analyze when I can purchase it
For example with current situation, the pattern show that it's positive enough to purchase and when the graph start to move, it's show the correct decision !
For example with current situation, the pattern show that it's positive enough to purchase and when the graph start to move, it's show the correct decision !
So you mean in current situation, buying a machine to get btc is the best solution for long term investment?
I can say you are right about the first advice but others I don’t really accept them. There are pretty many ways to make money even in bear market and some platforms offers the option of shorting which many people has gained from it in the past months especially with bitcoin. Mining is what I like b cause I thin it’s kind of a Ponzi scheme and many of them do fold up at some time in the business. Nothing last for long, as a good trader you should be able to profit both in bear and bull. It’s just about knowing the right thing to do and do it diligently.
I agree with the opinion that there are many ways to make money even in bear market, but I'm disagree with what you are saying is the opinion 'mining is a kind of Ponzi scheme', because from my understanding, 'buying the hashrate' and 'buying a machine to get btc' are totally two different things. Most of comments above said 'buying hashrate' (which equals to 'cloud mining') is a Ponzi shceme, though I still do not know why they say that, I think maybe most of cloud mining companies are frauds in nature.
bar·gain /ˈbärɡən/ - a thing bought or offered for sale more cheaply than is usual or expected.
(BARGAIN | meaning in the Cambridge English Dictionary. (n.d.). Retrieved from https://dictionary.cambridge.org/dictionary/english/bargain)
To conclude this the only way I think you can bought a bargain bitcoin is to user by user agreement on where a you're going to do a direct exchange with a certain user with a price lower than on an exchange.
(BARGAIN | meaning in the Cambridge English Dictionary. (n.d.). Retrieved from https://dictionary.cambridge.org/dictionary/english/bargain)
Quote
1. Buy Bitcoins and wait the price to increase.
What if you bought at the peak of its price at a certain time? you need to have a basis what is the right time to buy a bitcoin and you don't have assurance that you bought it in bargain since it has no usual price because it is volatile and doesn't have a stable price.Quote
2. Buy the hashrate of BTC miners and find the miner hosting services.
For what I've known and according to the surveys I've read online (Not sure if it was true) a few months back buying hashrates are not that profitable at all also buying hashrates refer to as a cloud mining.Quote
3. Get a BTC miner directly and mining bitcoins by themselves.
Let's say you bought a $1200 miner (Just an example) plus the payment for the electricity to run your miner and the current price of bitcoin. I think you're investment in miner as well as in electricity cost much rather on what you're earning from mining (because of the low price of bitcoin)To conclude this the only way I think you can bought a bargain bitcoin is to user by user agreement on where a you're going to do a direct exchange with a certain user with a price lower than on an exchange.
There is a saying that anyone can make money in a bull market, but bear markets are where future profits are carved. This could apply to the current market situation especially when the market trend turns to be better.
The price of BTC soared from the bottom on December of 2018 at $3,203 to around $4,000 recently, which has increased by nearly 25% in only three months. When miners are worry about their losses on the devaluation of BTC, the market moved and getting better in a rapid speed.
Under the current duration where the bear turns to bull. It is the best time for bargain hunting for miners. There are several ways for bargain hunting and the chief three are shown as below:
1. Buy Bitcoins and wait the price to increase.
2. Buy the hashrate of BTC miners and find the miner hosting services.
3. Get a BTC miner directly and mining bitcoins by themselves.
There are pros and cons of these ways. From my opinion, for example, for risk-averse people, purchasing a BTC miner is a better way because the only cost is the investment capital on the miner and electricity fees of the data center. Compared with buying Bitcoins from the Exchange place, getting a BTC miner could be more safe and stable. The only disadvantage of the third way is probably its inconvenience of subsequent procedures such as hosting and operating. Though, it could be easily figured out by experienced platform and specialized companies.
I am a beginer of Bitcoin and Blockchain industry and still in the process of learning, feel feel to contact me and you guys are also very welcomed to email me. We could discuss and learn together
[email protected]
of the three ways only number 1 is the most commonly used by most investors, this method is considered easy and has little risk because buying at a basic price, and about yourself I don't think you are a beginner even you already understand a lot about actual crypto investment The price of BTC soared from the bottom on December of 2018 at $3,203 to around $4,000 recently, which has increased by nearly 25% in only three months. When miners are worry about their losses on the devaluation of BTC, the market moved and getting better in a rapid speed.
Under the current duration where the bear turns to bull. It is the best time for bargain hunting for miners. There are several ways for bargain hunting and the chief three are shown as below:
1. Buy Bitcoins and wait the price to increase.
2. Buy the hashrate of BTC miners and find the miner hosting services.
3. Get a BTC miner directly and mining bitcoins by themselves.
There are pros and cons of these ways. From my opinion, for example, for risk-averse people, purchasing a BTC miner is a better way because the only cost is the investment capital on the miner and electricity fees of the data center. Compared with buying Bitcoins from the Exchange place, getting a BTC miner could be more safe and stable. The only disadvantage of the third way is probably its inconvenience of subsequent procedures such as hosting and operating. Though, it could be easily figured out by experienced platform and specialized companies.
I am a beginer of Bitcoin and Blockchain industry and still in the process of learning, feel feel to contact me and you guys are also very welcomed to email me. We could discuss and learn together
[email protected]
Indeed, profits occur before a bullish market, someone will not get a profit without going through a bearish period, so take advantage of the bearish market as well as possible instead of complaining because bitcoin is not going up,
Totally agree with you!
So what do you think about the current market? a bullish market right?
Well the fact that it's a bear market means that most coins are at a bargain price. You just have to be patient in timing when you think the price is close to the bottom. Have a plan. And i don't think the current status of the market can be considered as bullish yet. Probably not until we can get back to around 6k in a consistent trend.
Personally I'm looking for long term investment so I try to use simple MA to analyze when I can purchase it
For example with current situation, the pattern show that it's positive enough to purchase and when the graph start to move, it's show the correct decision !
For example with current situation, the pattern show that it's positive enough to purchase and when the graph start to move, it's show the correct decision !
I can say you are right about the first advice but others I don’t really accept them. There are pretty many ways to make money even in bear market and some platforms offers the option of shorting which many people has gained from it in the past months especially with bitcoin. Mining is what I like b cause I thin it’s kind of a Ponzi scheme and many of them do fold up at some time in the business. Nothing last for long, as a good trader you should be able to profit both in bear and bull. It’s just about knowing the right thing to do and do it diligently.
I support you too. Many people simply fear that they will lose everything or simply want to make easy money quickly. So now there are so many disappointed in Bitcoin. In the end, those who see Bitcoin as a long-term investment will benefit. Those who are now looking for promising projects and investing a little money in them in 3-5 years can make a fortune. We just all need patience. Speculations rarely make a lot of money. For a period of 5-10 years, long-term investment shows significantly better results than speculation.
Exactly, thanks for your support!
I think the truth for the word of 'earning' is not simply equals to 'quick money' or 'returns', is a kind of sustainable thing. So I think one is better look at a greater picture more than a limited one.
my best advice is to engage in a business that will bring profit for you in cryptocurrency. Even your profit is less but due to bear market you will get the good amount of crytocurrency.
PS: I see you are creating a new post for each reply,multiposting is against the forum rule and you can reply everyone in a single post.
PS: I see you are creating a new post for each reply,multiposting is against the forum rule and you can reply everyone in a single post.
Thanks for reminding but do you mean quoting? I don't know how to reply each on without using quote
And what kind of business you mentioned above? Could you give me an example?
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