Present condition put up a blinding veil in miners faces

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Bravehash on March 06, 2021, 02:56:53 AM

In 2012 John and peter planned to mine bitcoin but they let go because it wasn't profitable, if they managed to mine while it wasn't profitable imagine the gains today or even years later, what kind of miner are you? If you aren't preparing for the long term shot don't even bother

Please stop the bs, mining is only profitable on bullruns, we had more bearruns than anything else, so buying coins is the best way, miners are suckers, do you think miners hold any coins? Who profit here are only investors, billionaires and none of those people were miners, they bought coins from miners.

TheMimic1

member

Activity: 252

Merit: 13

In crypto space you have to be prepared for the present and the future that's the two cycle of investment, when you mine coins taking profits isn't bad but dont always sell everything just in case the coins bring some surprises in the future

FP91G

legendary

Activity: 1834

Merit: 1131

One important wisdom can be taken from this story - not to sell all mined coins at once.
Better to hold 10-15% of the coins in the hope that the price of these coins will rise and you will receive huge profits.
In most cases, this will be a loss, but if you are lucky, the profit will cover all costs.

Nhazwrath

member

Activity: 289

Merit: 40

Why are questions like this posed in such a way to only show Absolutes?

Why cant you plan for both? at the same time? 10% here 90% there adjustable depending on whats going on?

Williamm07

member

Activity: 181

Merit: 14

$CYBERCASH METAVERSE

I know that we have few whales that see bitcoin as a precious gold to keep but it's not that easy to keep what's already appreciated in value over and over without taking profits, majority sold their holdings when they feel like they've made enough ROI

For example you mine or buy bitcoin when price was 12$ and later price reach 200$, isn't that enough gain to make anyone let go of their holdings? Since we are just humans no one can read the future, most don't even know that bitcoin can survive till date

Lucky - Luciano

hero member

Activity: 711

Merit: 500

Quote from: Bravehash on March 06, 2021, 02:56:53 AM

In 2012 John and peter planned to mine bitcoin but they let go because it wasn't profitable, if they managed to mine while it wasn't profitable imagine the gains today or even years later, what kind of miner are you? If you aren't preparing for the long term shot don't even bother

It depends on which coin is in question. It is difficult to know in advance. I used to have a lot of BTC and I bought a lot of other coins with them. I also mined many other coins. I kept them for years. After so many years I lost on almost all the coins. It’s easy to talk now that bitcoin and ethereum have reached this price. It is not said in vain: "After the battle they are all generals."

FloridaKid

member

Activity: 375

Merit: 15

$CYBERCASH METAVERSE

No risk No reward, either you gon lose or win you still have to try it out, that's what I've learnt from this, what do you think is going to happen with Ethereum after they implement EIP1559 aka LONDON by July of this year? It does look like it's over for gpu mining but conflux looks so damn close to ethereum profit

Bravehash

member

Activity: 196

Merit: 11

In 2012 John and peter planned to mine bitcoin but they let go because it wasn't profitable, if they managed to mine while it wasn't profitable imagine the gains today or even years later, what kind of miner are you? If you aren't preparing for the long term shot don't even bother

Topic: Present condition put up a blinding veil in miners faces (Read 182 times)