Topic: I fell for FOMO - page 4. (Read 591 times)
definitely, mining will be profitable in the coming years and the POW algorithm will exist for a long time, but I think that many altcoins will go away and those which will remain will be transferred to POS
Mining will forever be profitable,though it might not bring in as much as it was bringing in before now but it will forever be profitable.As long as transactions are been made on blockchain,mining will be profitable.
Fomo is never good unless you are sure that the coin you are investing in is still undervalued and same goes for investing in other venues i have seen mining fomo was huge in 2017 and it ended in huge loss to big investors especially because not only they had huge energy bills but there was no buyer of their mining equipment after market was taken over by bears.
Almost every investor experienced the harsh realities of the 2018 bearish market or way or the other.
But I believe that nolmacy is beginning to return in the market and this could give rise to the bullish trend . When this happens, everyone will recover their loss.
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But I believe that nolmacy is beginning to return in the market and this could give rise to the bullish trend . When this happens, everyone will recover their loss.
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at that time it was indeed the best time for crypto activists because at that time the market conditions were very good so it made perfect sense if the miners could earn a large income even at that time bounty hunters like me could also get a lot of income and because I believed that times like that will come again so I still want to wait and try to get as many coins as possible so that my assets increase so that when bullrun arrives, I can get good results, I think that's the best I can do now, instead of not doing okay then I chose to try even though the conditions were very difficult
Masternode coins and longer-term trading are better than investing all into single currency. If the basket is full of shitcoins then there are no many things left to do. Hassle free trading is all about long term trading.
It's better to stake these days. I am staking DeepOnion for quite sometimes and having a good profit although the price of DeepOnion is quite low. Moreover, there's no huge hassle. Just set up your wallet and you are okay to go with.
Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???
You should do a research before digging in investment type of stuff, like mining you can still call it as an investment because you are investing your money to make money, you can cut losses now if you think there will be no hope for mining anymore sell your coins and mining rig, mining surely will become profitable again when the price goes up again, the higher the price the bigger the return. 
No doubt that mining altcoins will be profitable again for non exclusive miners when the bulls return and this kind of topic must be discussed on Mining (Altcoins).
There's a bunch of experts in mining alts there.
There's a bunch of experts in mining alts there.
The fact that most altcoins are heavily dump and they only holding a small percentage from its ATH, I believe it is profitable.
When you do mining and you will just save your mine coins waiting for it to rise again, it should give you a good profit.
The last bull run, coins turn over x10 of its price and that makes the miners more profitable.
When you are a miner, you also have a mind of a crypto investor to sell at the timing and maximize your income.
Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???
2017 was a great year for both mining and trading. Depending on the ROI calculation the invested amounts can be increased proportionately. Profitable coins are known by the crypto community and I am sure everyone will greatly share their trading ideas if you need. 
Mining early coins can be profitable but when you want to switch to the big ones , you need big mining power in order to compete with the big ones. I think right now masternodes are the next gen of mining.
I think sooner or later mining is again going to become profitable as the value of key coins like btc and eth grows and im hearing from miners that btc mining has already become profitable as btc is nearing 6000 mark again i will personally still hold btc and eth rather than mining because my conservative targets for btc and eth by the end of this year are 10k and 500 respectively while my optimistic target is 20k for btc and 1k for eth so im more of a hodler than miner myself.
Better move this topic to Mining (Altcoins) section
Not sure if you could really call it a FOMO, it was probably a good decision to invest in mining at the time. What happened to your friend who introduced you to mining? Did he/she sold his/her rigs last year?
Not sure if you could really call it a FOMO, it was probably a good decision to invest in mining at the time. What happened to your friend who introduced you to mining? Did he/she sold his/her rigs last year?
Will mining be profitable again when bulls return???
More likely but it still depends on which altcoin/s you are mining of course.
I am still mining it is a bit profitable. Achieved ROI in July 2017, bought most of the equipment in April 2017.
Back in December 2017 when mining coins are still damn profitable a friend told me about how much he was making from mining and I decided to check it out, I was hooked and I can't keep my mind off it so I venture into setting up my own, the first coin I started mining was electroneum but unfortunately I wasnt able to recover half of ROI back before bears take over the market and now mining seems hopeless, my question to miners like me out here is how are you guys managing? Will mining be profitable again when bulls return???
I believe Mining will be profitable again though but it will take time to gradually get back to normal. If you are Mining and don't have a good return, I suggest you hold on for now till the market is better
yes it will be more profitable when the pumpers start up again BUT you are going to be choosing a tiny profit compared to the profit that can be found in trading because mining costs a lot of money and also you can never dump it as fast as you can dump the coins while trading. not to mention that while trading you can easily and near instantly go from one coin to another (like when one coin is dumped and another is starting to pump) but you can not do that in mining.
so maybe it is best if you start trading instead of mining since you have already tried that and failed at it.
so maybe it is best if you start trading instead of mining since you have already tried that and failed at it.
It seems to me that you need to look at small coins that have a high-quality user base and a clear development algorithm. The complexity of their mining is usually not high, and the potential for price growth is present.
Since the market has decreased at various prices of coins, I no longer do the name mining, because the results are no longer as expected, if I used to do mining just a short time later I immediately stopped because the rules and rewards were always different.
You should've think of it carefully before venturing into mining. In some countries mining is not sutainable due to energy cost, not to include maintenance, and the cost of rigs. Never invest into anything without even figuring out if it will be worth it or will it be profitable in thw long-run.
No doubt that mining altcoins will be profitable again for non exclusive miners when the bulls return and this kind of topic must be discussed on Mining (Altcoins).
There's a bunch of experts in mining alts there.
There's a bunch of experts in mining alts there.
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