Topic: I need help, actually a little guidance. - page 2. (Read 700 times)

cloud mining is a very tedious thing, and trading is very fun, even if patience is your main asset, and looking for the right time for all transactions, but looking at current market prices, being a holder is probably when he has the potential to get big profits, but buying a mining rig is also a good investment, as long as you have a good atmosphere, and of course good equipment

I suggest that if you want to get a cryptocurrency more likely you can do it by mining but I see mining at this time has not made much profit because many coin prices have fallen so much that the price is very cheap and not worth it if you do mining must pay for electricity and repair your device.

Tried the following and these are my experience and results:
1. Cloud mining: 2 year contract - not profitable
2. Trading with own money: High risk but very good opportunity last year. Try to learn how to short so you can make money whichever way the market goes. Will take lots of time to learn.
3. Buy and hold: not profitable in this year's bear market
4. Mining / Masternode (staking): Haven't tried the GPU or ASIC mining. I've tried Masternodes (staking). Very profitable last year, this year not so much but I continue to run low cap MN's. Setting up a VPS is better due to less management than using own PC at home (https://masternodes.online) . There are also Proof of Stake coins that only require a simple PC (https://www.poslist.org/)
5. Bounty programs: earn while performing some task as specified on the campaign - translation, signature, twitter, etc. This is a hit or miss but if it hits, sometimes a very good pay.
6. Airdrops: Not worth it now. Most are trash (in terms of amount/value).
I recall last year that there were airdrops that gave 0.25 btc one time coin giveaway and some as high as 3-5 btc total (once converted) but distributed in several weeks while performing some task. This is also due to bull market last year.

Welcome and good luck on your quest in the crypto universe!
We all started as noobs! Just ask here and someone will surely reply with good quality info.


 

Investing is the best way. But not the easiest way apparently. You will have to shell out a certain amount for it. But then the season right now is for buying. The top coins are so cheap. Cloud mining for me is more or less a waste of time and effort. Buying a mining rig as of this time might be another bad idea. Mining right now is not the best option. The market is clearly bad to start mining. Moreover, you need to study it first. You could actually try joining crypto campaigns, especially those that will pay you in BTC.

Cloud mining will not give results that are commensurate with the results obtained. need a long time to make this to produce and of course, will not be recommended. dare to take the risk with trade could give better results and at least doesn't take long. so may I suggest don't try Cloud mining than later too think hard of it.

Among the options you had stated, buying and holding is the one that might be suitable for you. It is the easiest and less stratigic one. You just buy the dips of the tops coins and wait until the next bull run. Trading requires a lot of skills and experiences. It is hard to trade without strategy.

I think a good thing to do with that amount of money would be buying yourself a mining rig because even the crypto currency market is in red you have many choices to what coin you mine.

Maybe i could suggest trading at your own money, i mean, short term trading. Cloud mining is not that profitable in some matters in such a way that you are holding your money, unlike trading you have the full control of your investments, but of course, you must have the right knowledge of what coins or tokens are you are trading in. There are hypes everywhere, and you must ride on it, holding might not be profitable this time, as we are all experiencing bad market condition.

From the options above I prefer to trade, buy some coins and then hold them for the long term ... because if I do other things like mining ... I don't have enough money to buy mining rigs.

Cloud mining is a big no-no, I suggest buying and hodling (but don't forget to get as much information about coins as possible before you buy smth), as now coins are really cheap and affordable. Trading is a nice option too, but it's riskier and requires time and efforts.

My suggestion is to avoid investing anything unless you are willing to lose it all especially in the current bearish market where everything is pure chaos at the moment. Many would suggest avoiding the market all together currently though I am not one of them. If you do wish to take the risk, I suggest doing your research before investing into any particular coin or token in this market. Majority of the coins and tokens are totally worthless which is why they will disappear most likely in the long term due to which the most popular cryptocurrencies are worth investing into like Bitcoin, Ethereum, Litecoin etc.

Nothing to be afraid of as everything in cryptospace is all good be it mining or trading , you only need some guidance to be very sure of how it works so your device never lost and surely you will enjoy it when you get to know more just take your time to study the use and the cost on electricity stuff with what you have to get and the cost , and also try to learn or seek advice before going in to any thing not just jump in cos you hear people saying it profitable.

Trading is more less risk and you can get more coins now because value of the altcoins are cheaper compared last few months ago. I did not like cloudmining because it is very risky to lose your investment. But it's up to you what you will choose it is only advice from my knowledge and information.

If your a bounty hunter and because of the current market your discouraged to push on ! My advice is this...push on with your campaign work as the future is bright . There's every tendency  the market might push up any moment from now .so many people have back out from working because of the market condition. Wise thing to do is now is stay committed and up worki g your result is waiting for you.

If you are asking me about the current situation now in the market? I think the best way is to buy while the price is so low and when the time it rises up, you will surely gain profit if you chose good coins. Be patient if you want to gain a bigger profit from what you have bought right now. Still, you have to study first and do some research. Mining for me is so impractical especially in our country which has a high cost of electricity.

whatever you do, do NOT start from mining. because mining will also require you to have some knowledge of different altcoins and their markets AND trading. so if you jump in with mining without having that prior knowledge you won't be as successful as if you had that prior knowledge.

so my suggestion is that you start small and start by trading some altcoins. learn how the market works and how you can make profit while becoming more familiar with the pump and dump concept. then if you decided mining is more profitable you can add that as a secondary income.

 To make money there are a few big prospects for the next few months.

I predict both Neo and Qtum will begin to run big time in December right up to Chinese New Year in Feb 2019.

In USA you will see a huge interest in Raven coin (RVN) from December onwards. Big announcement coming up in Q1 of 2019.

Finally, keep an eye on Qash, Komodo, HOLD, Stellar - as they are 4 real projects with real potential and real teams behind them.

Well i believe that there are so many ways to earn and I believe that we can know about it if we are going to research maybe we need to wait because the market is now really on dip and I believe that it will rise soon, maybe there are so many rumors and so many panic people now on the feild tgat needs guidance bit I believe that we can get it here.

Mining requires a lot of capital and better knowledge, by asking questions and continuing to seek knowledge, you can do this.
You will get a lot in this forum so you can do mining and good results.

There is no rigid plan to cryptocurrency activities you may one to explore.  Most of the things that happened in cryptocurrency are intetdepent and related.  If the market price of cryptocurrency is good,  mining will be profitable. And if the prices of coin are cheap in the market,  it is better to buy your favourite coin than to mine them!