Topic: The more you wait - page 2. (Read 578 times)

Buying GPUs is a good investment but investors are of different types, some use money they aren't ready to lose so they crave for quick return of investment, these are the types of people that sell GPUs once bull market is done for, those who plans themselves when people are fearful are the real crypto warriors, talking from experience hehe you can easily mine more ETH in bear market than bull market so why won't I hold?

Some hashrate I've been rent in Nicehash years back might be yours

Even a friend of mine still uses an old card, the monster like R9 family, not sure what he mine, can be solo mining.

Luckily I have been one of them although I used to mine with Nicehash which pays in Bitcoin until end of 2020 and only then in February 2021 started to mine Ethereum and Ethereum Classic and I have already seen much benefits.I am buying a couple more GPU-s even old production like Gtx 1080 ti for me is OK as long as they are producing 42 Mhsh in Ethereum and 51 Mhsh in Ethereum Classic because in this situation every little bit can really help a lot in the long term.If you have spare money go ahead and start with a single card and add as needed and when you have the possibility to do so.

No matter what condition you find yourself always have Patience, bear or bull If you are determined you will see it through, there are many that never stopped mining since 2018 and now they are ETH kingpins, don't listen to others advice cos only you knows what's best for you

Yeah, I guess they dont understand how this works, why wait to buy gpus in bear market while you will not be making any money? Bear market is negative profit, at least here in the bull market you get some money back, bear market --> there is no money back, you just pay to mine, don't believe, then wait trolls and see for yourselves ehhe

The reason I warn you trolls not to buy gpus overpriced like this is because bear market can hit anytime and then if you overpaid for the gpus means you will never hit roi, not joking, any trolls that bought gpus november 2017 - march 2018, prior bear market never got their money back to date because they overpaid their gpus + they had to pay to mine for 2 years, prior bull market, that was a double loss, reason i say to people, yeah you can buy gpus but make sure to sell all your gpus the first glimpse you see bear market is coming because if you dont sell the gpus then you will likely regret. So you can buy gpus now, bear market hits then sell your gpus fast to get any money back, sell at loss if needed, dont hold any then wait patiently, wait few months then buy gpus again much much lower than even msrp.

This works for traders too, reason traders sell their coins at loss because they know they are ^^^^^, prior bear market, you see traders rushing to sell their coins as fast as they can because they know their coins will crash as much as 99%, so any loss they take prior bear market is good because if they dont act fast then it will be extremely bad for them, better to sell 20 to 50% at loss than 99% hehe, yeah they can hold and wait years and then sell high but as they know the crash will keep going, they sell their coins at loss to buy much much much cheaper later on.

I've been sticking to a cheap GPU ever since my main died. No way I'm gonna shell out a premium because they depreciate pretty much like cars.

Remember mining is always a hedge against uncertainty. You are effectively buying crypto with the electricity and depreciation of your GPUs and mining hardware. If think crypto is going to boom you should be buying at an exchange and just hold as you would do with your mined coins. You also have the opportunity to quick sell if you made a quick profit and think it's going to bull. Mining is your assurance that if you bag holdings go to zero at least you have a tangible asset. Only reason not to buy crypto is if it's illegal where you live or you're trying to stay below radar (acquiring coins without needing a non decentralized exchange). If GPUs are too expensive, there's always another route.

Well if there is some crypto bear market and GPUs are available at MSRP most likely you won’t be buying them anyways. Now you want to buy because it’s profitable however if it’s not profitable will you want to buy then? Most likely not.

Regarding the comment on stock market crash. It will be a while before fed increases rates and people have poured uninvested money into crypto back when BTC was like $15-20K because at the time the stock market was just way too overpriced and it seemed risky to invest in stocks so they chose crypto. So what you are saying is not true.

The Bigger reason could be the effects of microchip shortages could go all the way to 2022/23. That coupled with the fact that more people are streaming into the crypto space after a temporary economic reset due to the COVID-19 pandemic should never be under looked at.

Who told you GPUs mine only ETH? 

It seems no one remembers what happened in Feb 2020 again, stock market crashed more than crypto and at that point the world see how strong BTC is compare to stock market, this is why crypto bull market lives longer than past bull markets

Then be prepared to miss out alot, ETH PoS isn't coming any time sooner and even the 2.0 has some bugs that will take lots of time to fix, the fact is don't expect anything like 2.0/PoS from ETH teams I'm sure they will postpone and postpone and postpone until 2022 comes to an end as well, it's nothing new cos we've been in same playground since 2016

Just wait until the stock market crash.
People invest in crypto because they have un-invested money and the interests for the past few years are extremely low.
When the federal reserve increase rates next year it will be less profitable to hold crypto.

That and the planned move to PoS, I wouldn't buy any GPU for mining right now 

For all those saying they can't buy GPU unless GPU goes back to MSRP you might have to wait longer to see this happen, remember that crypto of 2021 isn't like crypto of 2017 there is now better awareness on crypto and people now prefers crypto more than even stock investments, the longer you wait the more regrets you will feel.