Pretty much this. Now is time to mine and sell eth, once eth crashes 95% then is time to buy back, do not end up holding the bag, so sell and dont look back, everything is already in bubble state, this can crash to hehell anytime.
Metroid I used to
) your coments because you always told the truth about mining and have a good knowledge about market, I used to think you're a troll, but I can see clearly some facts and obvious stuff about mining and cycles.It were all new to me in 2017 and I always wanted to mining 24/7 for years and years, but I studied your posts with some other great users here like philipma and people who posts in his thread, and I become very good at cryptos, and I'm happy with my profits
I wish all the market goes to the moon, ETH to 5k, BTC to 100k, of course, but I'm realistic, and I'm prepared to another cycle of market, if bear comes or if bull continues, I'm prepared to both scenarios
I remember when you post a lot about ETH at less than 150 USD, to buy as much as possible, look now, more than 10x of profits
So thank you!!!
About the thread and exit plan, even if you guys are opmistic, it's doesn't hurt to have a plan if the market crashes, make some stop points, have some savings to pay electricity etc, don't forget that some months ago the profits are small, less than 1 USD per 5700xt for example, if ETH crashs again, bye bye profitability and small farms
Metroid is a stud. gives a shit ton of good advice.
I am lucky I managed to fine a really good power deal. I never have to worry about profit on mining. Other then dead gear issues.
My power deal is 50-50 coin spilt which at the moment is super good for the warehouse owner.
But in late 2018 and most of 2019 and some of 2020 it was a super good deal for me.
I know that eth will trail off
I know that LTC/Doge will back off
I know that BTC will back off
When they do I can still mine and earn 1/2 the coins I mine. 2021 is on track for the best year I ever have.
But even with all of the above. I still sell coin.
When my million doge went from 2500 usd value to 17000 usd value in early Jan I sold 300000 for 5100 and kept 700000 just in case. then doge mooned I sold 666000 at an average of 5 cents or 33,300 usd. I still have 34000 just in case.
I am older 64 wish I was 34 as just to see mining and crypto in the year 2050 means I would be 93.
Which means my max window for the game is about 29 years.
If I were 34 I would think differently as my max window for the game would be 93 years.
I doubt I ever fully stop mining but my physical health will likely reduce it a lot.
For now
I sell my ETH as I mine 3.6 ETH a month
I sell my LTC as I mine 5 LTC a month
I stack and hold DOGE as I mine 10000 doge a month
I stack and hold BTC as I mine .228 BTC a month I add to this due with some eth sales.
All numbers above are before I spilt coins with ware house owner