Your place or mine?

1 29

Wait a minute! Is not about hooking someone and inviting to sleep with... I was reading some news from this crypto world where I'm trying to get in, and I saw what is changing since few months. I think the times we live now are making history.

Even the last year, when a big crash took place in the whole world, from stocks to crypto, from manufacturing to travel, everybody was expecting the downward spiral of quotations to continue.

But hey, the price of Bitcoin started to grow month by month, and even if some skeptics were sending warnings to prepare us for a new crash, the prices were continuing to grow.

I read about the biggest BTC transaction in history, something like 1 billion $ worth. It was on December, and the price of BTC was around 13 k $. Well, now is 50 K. 3 more billion $ profit made in 2 months!

Photo by Maria Georgieva from Pexels


Somebody said that money makes more money, so it should be right. But what about the rest, without the capacity to invest large amounts for increasing their portfolio value?

We should follow two options:

  • study a lot, try to understand the market, the trend and the behavior of the trading. Read about projects, start with their websites and their announcement Telegram channel, ask opinions about those projects on social media chat channels, like Telegram groups, medium, reddit, twitter, even here. Try to sort the truth from and verify the reputation of the person who is talking to you or who writes the articles. Better, try to verify the information with others. After making those studies, invest wisely, try to split your risk in several parts, don't go all in!

  • buy some equipment and start mining BTC or ETH

After you made your research (DYOR - do your own research, I learned something :) ), choose your way of work. Is important to have clarified the reasons why are you investing in something. If your picks have strong use cases, you will be a winner on a long term, for sure, even if the price could go down on short or medium time interval.

The reason for the second choice

This is what I read past days:

"Bitcoin miners just made over $4 million in a single hour – the highest hourly miner revenue in Bitcoin's history so far."

One of the websites who can offer this kind of info is https://glassnode.com/

Well, it seems being a miner is not a voluntary work anymore: the rewards are now quite significant. Well done! I will not discuss here and now if this was the intention of BTC creator, but only the opportunity met now. How much it will last, I don't know, but on long term, I'm sure BTC will have a growing trajectory.

So, instead of sitting at your place and doing nothing, maybe you could start to mine. Grab your pocket money, quit smoking, eating or drinking too much and start considering making an investment in your future incomes.

Tip: try to get your own electricity source, even making it, like a micro wind farm combined with solar panels. This could be a really life changer or somebody who didn't know what to do now.

Photo by Rachel Claire from Pexels


Why should I do that? For the nice sentiment of completing a project of your own who is also a money producer. Who wouldn't?

Second tip: don't play alone with your own BTC farm. Join a group for growing your chance of getting as much rewards you could from a greater power of mining.

This is my today's article. If I will try to do a micro mine? I think yes. Wish me luck!

Lead image - Photo by Lukas from Pexels


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Comments

nice. It seems we are all still going up for a while

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3 years ago