Topic: Making profit trading Hashnest long-term as opposed to FIAT>BTC (Read 789 times)

Personally, I think USD > BTC is a risky market, there's lots of downwards and upwards swings with no real control over the outcome. We could enter into a "BTC Recession" where it sits at $150-$160 for a year. All those who bought in above $160 will be in limbo - earning nothing, eagerly awaiting the next rise. The rise will happen, but it's time vs money. The longer you sit in limbo, the less your money works for you.

I invest, but I choose Hashnest as my platform - which I'm sure you're all familiar with. I forget completely about the USD I've invested into BTC - it doesn't matter to me. I consider my USD investment to be lost. Whether BTC's price rises or falls compared to USD is irrelevant for me, unless it dictates how I invest.

I use BTC as the currency to invest. I'm looking to invest 1 BTC to return 1.1 BTC. How much 1.1 BTC translates into USD value - I really couldn't care. I'm here for a 20-30 year span, looking for a very long time rise.

An example trade I did today: Invest in Hashnest S4's at 0.00072 and sell at 0.00078. When you're buying 3+ TH/s, the returns are actually quite hefty.

0.00072 x 3,000 (TH) = 2.16 btc
0.00078 x 3,000 (TH) = 2.34 btc

The only real value USD has here, is calculating the profitability of the S4 Miner. As the BTC price dropped dramatically over these past 4-5 days, people panic sold their S4 hashing power thinking it would reach the non-profitable region in terms of electricity+maintenance. At one point, I was able to pick up S4 hashing power at 0.00069.

As we speak right now, S4 hashing power is sitting at 0.000794. I expect this to rise to 0.00085 - 0.00090 quite soon, once the BTC>FIAT market enters a bullish trend; which it will. Today is the starting point.

The best thing about investing in Hashnest, is that your hashing power WORKS FOR YOU while you're waiting for the market to move. If you buy in S5 hashing power at 0.00132, and the market drops and sits in limbo at 0.00131 for a week - then at least you're earning from your contract. Eventually, the market will peak or rise - and that's your selling point.

When you sell, you've accumulated the profit from your selling exit point, as well as the BTC earned from mining while you held.

I believe what I do is perhaps one of the safest and most profitable long-term investment strategies. If you're in BTC for the next 5+ years, then forget about the USD price. Forget about how much you've invested, forget about the real world value now, and focus on increasing your total BTC count.

For the record, I invested in BTC roughly 3-months ago, and I've already tripled my investment (300%). I started off trading 200 GH/s. Now I'm trading 5,000 GH/s+.

What's my long-term plan you ask? Bitmain will be bringing either the S5+ or S7 to Hashnest pretty soon I'm sure. It's about trying to identifying when they are bringing it, and selling your assets before the mass market gets word of it. Once you've sold, hold until the new miners come out, and invest like hell. The idea here would be to hold for many months - letting the miners generate an income which you reinvest.