Topic: The more you wait (Read 496 times)

Bear market is good for creating portfolio and bull market is good for mining profits but that doesn't mean you can't mine in bear market too, assuming you don't have money to invest in bear market and you already have mining rigs it's better to mine and hold all the coins till bull season starts again then you will be rewarded even more.

still honest prices can be found for what concerns the amd on thursday on their official website with a bit of luck obviously for the nvidia there is little to do, it will take a long time before they can be found again at a msrp price, the mining will continue over the years even after eth will no longer be minable, no one will sell the gpus

Trading in the cryptocurrency market can lead to big losses for a beginner.
If you know how to trade well, then why do you need mining?
Many miners are now waiting for news from developers to stop mining. I think this news could push the price of Ethereum high.

The best thing to do right now is sell ETH every $200-$300 up.

That is called in short a bear trap but in reality, there are no bear traps in bullmarket, same thing can be said in bearmarket, there are no bulltraps. So meaning if the price crash to 3500 usd from 5000 usd and backs up to 5000 usd again then that is still a bulltrap, in cryptomarket there is no average, only extremes, high risk markets is like that, you win big or lose big. Anyway, miners pay attention, you only cashout when you sell, if you dont sell then still a gamble and could in turn lose big or win big.

Stop loss is a very good tool in order to minimize the risk a bullmarket implies, bullmarket, things rise very fast and one day it will stop and will have the opposite affect, will only crash, crash and crash, yeah there will still be bulltraps along the way, for example in 2018, eth crashed from 1400 to 700 usd then rose to 950 usd then crashed again to 400 then rose to 800 then many people thought it would go to 1400 usd again or higher and then from 800 usd it crashed to 80 usd. Meaning, people sell because they think it will end, so anything they sell now will be important to minimize the loss of money because remember you only cashout when you sell.

I don't think using a stop order will help miners. Stop orders are used by traders to manage their risk.
For example, if you place a stop order on Ethereum at $ 4,000, the price will drop to $ 3,500 and your coins will be sold, and then the price will go up to $ 6,000, and you will regret it.

He is right in that sense, buying coins is still better than mining only if you create a stop loss order and if hehell crash happens, meaning if all coins crash 60% in few minutes then his stop loss order will likely be hit, unless of course exchanges have a breakdown and then it doesn't hit, I have seen that happening, people thought making stop loss orders would make them feel safe and then ddos exchanges happened in the hehell crash in 2018 and 2014 and then their stop orders never hit and they ended up suing the exchange and in the end lost a lot of money in few minutes. They never got their money back to this day and exchanges had no idea how to explain what happened and the funny thing it only happens in the hehell crash ehhe, meaning price will not go up anymore, gameover, since july 2020 we have not had that ddos hehell crash yet so it can happen anytime and history is always the same, ddos, breakdown, stop loss order not hit and then loss of money and then comes regret and fear, anyway, right now I advise people to do nothing, if you have gpus, keep mining, sell gpus as fast as hehell crash hit, if you have coins create stop loss orders and hope some will hit when the times comes because exchanges going through ddos and other issues, you will not even able to log in, create orders or do anything, and that happens so fast that nobody knows what happened, hehell crash is madness, manipulation is extremely high on crypto and hehell crash is drawing closer and closer.

We have a joke about that.
You can be happy when the money is in your bank account or in cash in your safe.
While this is a virtual profit, and if you do not apply the correct risk management, then you can not sell coins on time and earn nothing.
Investments in cryptocurrencies are more sought after than investments in mining.

Right now im not buying gpus, i bought coins while btc was playing around 42k in semptember. Because i calculated buying 3070ti for mining RVN is better buy coins because i cant mine so many coins with 3070ti price for next 3-4 months. i decided this because 3070ti very expensive. Now im happy that i got bunch of coins they made big plus. will add more if drops

Not sure what i would do with myself if mining with gpu's wasnt a thing anymore. Buy and do if thats how your heart sings tho upon reflection i could probably have made more just buying coin n hodling for years but then i would have to pay to heat my home rather than heat it using rigs and would be a bit bored with that.

2x to 4x and yeah, idiots are buying, let them buy, they need to learn things.

are the LHR cards still sold for 2x price?

I gave up buying GPUs week ago because right now the market is preparing for another altcoins season like that of 2017, instead of buying GPUs with thousand dollar why not invest then on good altcoins in the market today? Check ALU, polka city,polka bridge illuvium and derace, you will be able to afford better mining farm later, take advantage of the market now

I have been adding at every online drop for a few months now and keeping any card I can get if it is a FE or Samsung memory. I usually then sell the rest for 2x. It has been working out pretty good making my average cost per card about 30-50% under MSRP while also adding 60-100 MH per week to the rigs.  Its time consuming but it can be done if you make a schedule of the drops and set up enough alerts where the process is easy as long as you are fast enough.

at current price is not preferable to buy gpu and even the stock itself questionable, and most people think this already final bullrun which is time is really limited, and better buying coin specially after btc hit ath, alt will be red under -70%, thats best point to enter alt market

and quick profit, silicon shortage will last till 2023 when bear market hit, then buying gpus is reasonable

Right now I don't think that anyone can get GPUs at MSRP, I might be wrong though cos some got theirs on bestbuy when GPUs are back in store at a good price but you will need to be so fast too

Investing in video cards is a very correct investment, but the main thing is not to buy video cards on the highs of the market, as inexperienced investors did in the middle of 2018.

Now my 100MH earns me more than 10$ on 2miners pool, now is a good time to mine ETH and also we don't know how long this will stay around for but it's very good anyways, happy mining fellas and for those who haven't make a decision yet why the wait?

Right now the profitability of Ethereum is increasing,I used to make about 0.0052-0.0055 a day but since a few days I making more than 0.0066 Ethereum daily and I am also getting Zilliqa as I am dual mining it.So I emphasize what the OP of this thread has said,the more you wait the more you regret.

That's good for miners who stay. Even if the bull market is over, at least network hashrate goes down causing by such miners (who leave when the bull market is over)

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.