Thread: cryptocurrency
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  #40  
Old 09-19-2017, 09:12 PM
Silvurwolf Silvurwolf is offline
Aviak


Join Date: May 2015
Posts: 81
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every buy at an all time high has ended up in profits with bitcoin. pick a buy in at a fundamental resistance then take profits every 15% gain (fiat) or so and either diversify (alt coins / stocks / gold / whatever) or reinvest after a correction.

alt coins can regularly rise/fall 30% - but believe me you don't want a majority of your portfolio in alt coins when bitcoin starts surging. and when bitcoin dips alt coins are hit much harder, with some inconsistent exceptions.

for mining I'm not familiar, but there are pools you can join which mine the most efficient coins for your setup and automatically convert to bitcoin. they take a cut i think but its profitable still, maybe 2$ a day after electricity with a regular rig

most importantly, your investments should be long term oriented, sometimes I've been in the red for months before hitting green, can't say how glad i am that i didn't sell at a loss. do you think the price of bitcoin will be higher or lower in 1 year?

edit: oops jibekn already mentioned it, nicehash is probably a good place to start
Last edited by Silvurwolf; 09-19-2017 at 09:29 PM..