Quote from: Monayman on June 26, 2017, 07:18:43 PM

Quote from: dandreark1 on June 26, 2017, 07:08:58 PM

Quote from: Monayman on June 26, 2017, 07:05:16 PM

I've only been back into mining for about a month or so.
Got in late after litecoin, too.
Stopped mining when it was no longer "profitable", in 2014 or so, and sold off my rigs.
Still managed to double/triple my original investment over time, and only doubled because I was stupid enough to stop following markets, (losing lots of shitcoins due to delistings, when I could have sold them for small fortunes - bad so much eac and xsi 😪).
I basically had given up.
So here's what I think after the last BTC rally.
I am ignoring current profitability and ROI calcs.
What I care about is how much hardware I can have up and running to accumulate cryptos I either genuinely believe in or that I believe will pump eventually.
I am basing my profit projections on how much my BTC will be worth when one BTC will cost 10, 20, 30, 100k, years and years from now. Block chain and cryptos are here to stay, and they will grow into a monster. We haven't seen anything yet.
This is a marathon, not a sprint.
At this stage It's far too speculative to invest in unless you stand to lose the money you put into your hardware.
But if you wait long enough, you will make money.
every now and then another crypto will pop up that will even show you day to day gains, Like ltc once did, like eth and others are showing now, but as far as I see it, that's only good because it lets me buy more equipment and set aside for power costs when times get rough.

ANd until the next rally, I will be buying all of the equipment being dumped by the shaky newbs (like I did last time!)

You couldn't of said it any better my friend, only thing i'm not entirely positive on is the longevity of BTC. How promising it will be in the future with how applicable Ethereum is and what it'll be able to achieve. BTC is a huge driving force no doubt, you think BTC will increase in value at this point? Or even stay relevant?..

Although what I think is only worth what you paid for it, I will say that as long as I feel that the value of other cryptos will rest on the value of BTC, then that's where I will hedge most of my gains.
I think that the real gains will come with higher adoption rates, when BTC and/or whenever other cryptos stop being seen as commodities and start serving as the currency BTC was designed to be.
And all technical issues aside, I think that BTC is definitely the crypto with the most exposure to the masses, which is why I feel it has a fairly solid future.

I got you, in my opinion I really don't think BTC price and ETH have a super strong correlation like other crypto's..

Once they unveiled what they have planned for eth and etc and the whole ecosystem as a whole, moved right pasts the steps BTC was trying to make since 2014. I just really think ETH will pass BTC up based on applicability.. but thats just an opinion.

Personally I hope btc stays up there cause zec rides it's coat tail. Good info though thanks for sharing