why i prefer mining and investing in ICO/IEO

BartS

sr. member

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Quote from: kaneki007 on November 30, 2019, 03:03:17 PM

But mining also requires quite a lot of costs so that it can run well and generate a lot of profit. And maybe some people choose to invest in IEOs/ICOs because they can get a quick profit when the tokensale or crowdsale is complete

Mining without a doubt requires a huge capital and technical knowledge just to start the operation but it is a lot more predictable compared to being a trader or on investor, especially if the coins in which you are thinking in investing are icos or ieos that as we know have a very high chance of failing during their first year of existence.

And even if there is a chance of getting quick profits I do not really think that a lot of investors really believe that anymore since they are very aware of the bad reputation of most icos and ieos.

rutherford

sr. member

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Yes, your answer gives good advice. I joined the bounty program as part of my job to get new coins, and I prioritized investing Ethereum and Bitcoin as assets for the future. Although this process is not as easy as following a bounty that is currently a lot of scams, I am still active to increase knowledge about crypto and with a low market price, of course, this is our challenge to wait for an increase in crypto prices next year.

kaneki007

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But mining also requires quite a lot of costs so that it can run well and generate a lot of profit. And maybe some people choose to invest in IEOs/ICOs because they can get a quick profit when the tokensale or crowdsale is complete

andriarto

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Quote from: BartS on November 29, 2019, 10:08:17 PM

Quote from: Chukwunonso on November 26, 2019, 08:49:37 PM

Mining would actually have been a better deal for one to make consistent inflow of income, but the issue is that mining posses its own risk and demerits which could be complicated and requires technical knowledge. Having to deal with the issues of computing power, energy and obsolescence of ones equipment is not an easy task and that explains why there are very few people who are into mining as against those into investment in cryptocurrency.

Each activity has its own set of problems, for people like us mining may seem to be a very complex operation of which we do not have an idea of how to manage it, but trading and investing are not easy at all, if anything it could be argued that trading and investing are even harder.

Since there are many studies that show that the majority of traders and investors lose money instead of earning it despite all the efforts and time they put into trying to make money out of that activity.

trade and investment are more risky, because we are faced with high market fluctuations. many obstacles in investing in ICO / IEO, we must really examine the project so that later not on a fraudulent project that can drain our capital. while in trade, we must be able to analyze well the movements that will occur, so as not to lose money

BartS

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Quote from: Chukwunonso on November 26, 2019, 08:49:37 PM

Mining would actually have been a better deal for one to make consistent inflow of income, but the issue is that mining posses its own risk and demerits which could be complicated and requires technical knowledge. Having to deal with the issues of computing power, energy and obsolescence of ones equipment is not an easy task and that explains why there are very few people who are into mining as against those into investment in cryptocurrency.

Each activity has its own set of problems, for people like us mining may seem to be a very complex operation of which we do not have an idea of how to manage it, but trading and investing are not easy at all, if anything it could be argued that trading and investing are even harder.

Since there are many studies that show that the majority of traders and investors lose money instead of earning it despite all the efforts and time they put into trying to make money out of that activity.

Patrix_1

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I can understand your decision, but I do not get on thing. The majority of IEOs/ICOs is falling in price, the same as it happening in bounty projects, so why are you investing when you can earn even more with bounties.

OptimusPrime_3

jr. member

Activity: 308

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That's your own choice, maybe you can cover all the costs that is involved in mining. I don't prefer going in ecosystem and co but I do invest in more profitable project that can generate daily income for me

Pamadar

legendary

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Quote from: andika2018 on November 26, 2019, 11:14:54 PM

Quote from: Chukwunonso on November 26, 2019, 08:49:37 PM

Mining would actually have been a better deal for one to make consistent inflow of income, but the issue is that mining posses its own risk and demerits which could be complicated and requires technical knowledge. Having to deal with the issues of computing power, energy and obsolescence of ones equipment is not an easy task and that explains why there are very few people who are into mining as against those into investment in cryptocurrency.

The problem with mining is that it takes a lot of money to buy coin mining equipment. In addition, electricity tariffs also affect the profitability of coin sales, if the coin price rises high, the miner may not experience problems but if the price drops, this might hurt the miner

Indeed, the fate of the miners rely with how the market moves. Many miners stops dealing with this business especially those small time miners due to the market downfall, it's tough now to find the right coin that will still provide good outcome considering all those expenses that needs to calculate and analyze if you still getting profits or you are not doing anything. Understanding the probabilities gives you hints to continue or quit away from this business.

andika2018

member

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Quote from: Chukwunonso on November 26, 2019, 08:49:37 PM

Mining would actually have been a better deal for one to make consistent inflow of income, but the issue is that mining posses its own risk and demerits which could be complicated and requires technical knowledge. Having to deal with the issues of computing power, energy and obsolescence of ones equipment is not an easy task and that explains why there are very few people who are into mining as against those into investment in cryptocurrency.

The problem with mining is that it takes a lot of money to buy coin mining equipment. In addition, electricity tariffs also affect the profitability of coin sales, if the coin price rises high, the miner may not experience problems but if the price drops, this might hurt the miner

Chukwunonso

jr. member

Activity: 154

Merit: 1

Mining would actually have been a better deal for one to make consistent inflow of income, but the issue is that mining posses its own risk and demerits which could be complicated and requires technical knowledge. Having to deal with the issues of computing power, energy and obsolescence of ones equipment is not an easy task and that explains why there are very few people who are into mining as against those into investment in cryptocurrency.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: BChydro on November 21, 2019, 06:50:15 AM

Quote from: BartS on November 20, 2019, 11:34:03 PM

But another reason why many prefer to invest in icos or ieos or prefer to mine some coins is because the capital they have is simply too small to buy a significant amount of the coins that lead the market and they prefer to take the risk with unpopular coins.

There is no excuse here when they invest in stupid projects and expect a return, even if they have a small capital they can invest in some potential projects with good team or even dogecoin is a far better coin than the rest of the experimental ICO projects in the market and you can even invest in bitcoin even if you are having hundred dollars, so the idea of investing in unpopular coins cannot be justified.

I think the same way I'm just describing the way many investors with a very low capital take their decisions, they are looking to improve their lives significantly with a very low capital and while this was possible with bitcoin very early that opportunity is no longer available.

You can still make a lot of money with bitcoin but now you need to invest a significant amount of money as well and if you are not ready for that then you should forget about obtaining profits that could be life-changing.

Govorrrue

newbie

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Quote from: volporg on November 23, 2019, 04:40:47 AM

I can basically share my latest discovery - Housinet. Why latest? Cause requirements always grow and this is the solution that I've found out lately. Basically, the guys are redefining property management industry, letting everyone get much more from managing someone's real estate or, of course, own. What is important - very multifunctional tokens, ultimacy, metrics collection, blockchain and much much more. What I recommend you to do - have a look at their website. Pretty sure that you will be very impressed

Interestingly, you are not the first person recommending Housinet. Had no time to check out the solution before, but will do shortly and get back with own thoughts afterwards. Thank you very much for your recommendation

volporg

newbie

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Quote from: Govorrrue on November 23, 2019, 04:38:48 AM

Sounds rational, you seem to be on the market for pretty a long time. And as for today, are there many platforms/solutions that pass your "test"? Would be definitely interested to hear some recommendations

I can basically share my latest discovery - Housinet. Why latest? Cause requirements always grow and this is the solution that I've found out lately. Basically, the guys are redefining property management industry, letting everyone get much more from managing someone's real estate or, of course, own. What is important - very multifunctional tokens, ultimacy, metrics collection, blockchain and much much more. What I recommend you to do - have a look at their website. Pretty sure that you will be very impressed

Govorrrue

newbie

Activity: 28

Merit: 0

Quote from: volporg on November 23, 2019, 04:37:51 AM

Morning mate. I cannot say for everyone, but can elaborate a bit more on my own approach and strategy here. I always start with just an idea, evaluating how it may be spread wider, how applicable it is and else. Then a very important component is the value I can get. Or some benefits. Then paying attention to the team, the roadmap and innovations

Sounds rational, you seem to be on the market for pretty a long time. And as for today, are there many platforms/solutions that pass your "test"? Would be definitely interested to hear some recommendations

volporg

newbie

Activity: 28

Merit: 0

Quote from: Govorrrue on November 23, 2019, 04:36:05 AM

These 2 industries you've mentioned are a bit different, however, as far as I understand, you are trying to get into the industries, where you are experienced and where you basically understand the growth. And you told that you are interested in ICOs, how are you choosing the solutions on the market?

Morning mate. I cannot say for everyone, but can elaborate a bit more on my own approach and strategy here. I always start with just an idea, evaluating how it may be spread wider, how applicable it is and else. Then a very important component is the value I can get. Or some benefits. Then paying attention to the team, the roadmap and innovations

Govorrrue

newbie

Activity: 28

Merit: 0

These 2 industries you've mentioned are a bit different, however, as far as I understand, you are trying to get into the industries, where you are experienced and where you basically understand the growth. And you told that you are interested in ICOs, how are you choosing the solutions on the market?

fuer44

sr. member

Activity: 1652

Merit: 262

Quote from: OasisDre on August 24, 2019, 06:40:07 AM

Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.

it's true, everything will be instant entry into the wallet then we can immediately sell it. it is very different from investing in coins or ico, because we definitely have to wait for the value of the coin to rise from our initial purchase price to get a profit. but have you ever calculated the calculation starting from the price of the device you use for minning, and the cost of electricity bills during your minning, and also the maintenance of your device, can you already profit from the results of the minning you get?

TheICE007

full member

Activity: 646

Merit: 100

tozex.io

I really don't mine, but from what people say it is profitable but you really need to know and understand how it works. Also investing in initial exchange offering is also profitable but you need to do some research to know a project worth investing in.
So I think one should do what works for him or her.

shaheer001

full member

Activity: 1274

Merit: 100

Mining id good but need investment and experiences and day by day mining is becoming difficult due to electricity charges and other machine faults so if you also start trade in Ethereum and Bitcoin this will boost up your income.

starblocks

hero member

Activity: 1344

Merit: 502

Mining can be very profitable if you have the right expertise and are mining a high ROI asset, but not everyone has the capability to do this so instead they opt to invest in whatever startups they think will provide returns and the best ones for that are likely to be the very top ranked assets

Topic: why i prefer mining and investing in ICO/IEO (Read 4483 times)