Quote from: Metroid on Today at 03:07:52 PM

Quote from: Refrumatrix on August 18, 2021, 08:49:13 AM

@ Metroid @Philipma your attention is needed since you guys have been around for a very long time now, I have a plan that's been set in motion already since 2020, please kindly tell me if I'm right on track or off track

My plan is to have a 1gh mining farm

1. I'm presently at 400MH as we speak and I've made back my ROI from some of the cards I used to achieve this 400MH, what I want to do now is make back half of the ROI on the new cards I got and start taking profits even in bear market to buy back GPUs since they would be cheaper in bear market

2. Or I should just keep mining for now and taking profits then when bear market starts I should start holding my coins instead, probably in BTC

I have free electricity and solar energy set up, this is 100% covered so you don't need to give answers on electricity consumption, also this is why dream I'm not doing this for quick return of investment, it's what I intend to keep alive for a long time

What you can do is sell your coins high right now for usdc then keep the usdc to cover the bear market in case positive gains become negative gains, in your case mining is better than buying coins even in the bear market. Do not buy gpus right now, as eth price keep going up, keep selling in 2 week to 2 weeks basis. You can sell your gpus high right when there is a huge crash, usually takes time for gpus prices to crash, you will have enough time to sell your gpus high then after the gpus crash a lot then buy back with the money you saved during the bull market.

On the bear market, do not sell your coins, even if they crash a lot more, keep, that is usually a beartrap for them to buy coins cheaper, there are many beartraps in the bearmarket, good luck.

Yea whatever I'm mining right now is been turned into USDT, I plan to start holding once bear market kicked in, I'm not in any rush of any kind I'm in for a long term, I just want a better future with crypto is all, thanks for replying I will aid your advice