Quote from: hongchao123 on October 26, 2018, 11:57:14 PM

Quote from: Slow death on October 26, 2018, 01:45:31 PM

Quote from: MinerVGA on October 26, 2018, 01:03:00 PM

Yes guys) newbies can benefit a lot from cloud mining services) when price is good enough for profitable contracts) but why only newbies? everyone can)) I mean it's comfy and easy way... so I still believe I will be able to continue this story with HF.

imagine the following case:

Mr. X buys 1 BTC for $ 6400 and holds it for 1 year and the price of bitcoin goes up to $ 20,000

Mr Z buys 1 BTC for the price of $ 6400 and invests in Hashflare or Genesis Mining, and at the end of your contract, Mr Z do not know what your profit will be.

Note the following:

Mr. X has full control of his bitcoin

Mr Z has no control over his bitcoin

My question:

Between Mr. X and Mr. Z which one made the best choice?

answer is: Mr. X made the best choice

How much profit Mr. Z can generate using cloud mining if we take into account this price you offered: $ 20,000 ? I mean If he supposedly bought for $6400 and then invested when price was already much higher. I guess If you invest at the time of high price you still able to generate good profit. However, you can't be sure that price will not drop again, that's true. I think you should have this feeling...and invest smartly at good timing and withdraw in time as well. Which is hard obviously)

yeah, you simply catch this lucky wave or not) it depends)

Haven7

Posts

Merits