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RE: Turning Shite Money Into Right Money

in #bitcoin5 years ago (edited)

That is a nice tracking of previous results!

I have started my dollar-cost averaging when this coronashit started as I have no trust in any paper money... Before that, I didn't buy any crypto, but I was mining it (and still do) from early 2017...

But, these last 3-4 months, I'm doing something similar to you, but with a difference that in a certain month, I buy when I see a nice RED BTC candle... lol...

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Thanks, glad you're coming around and saving your purchasing power and not letting the government have all you worked so hard to acquire. What coins are you mining at the moment?

I have been doing this specifically to test the DCA theory, what I also do is set aside a few bucks on an exchange and then set a disgusting buy order and if it dips till there then I'm winning so I don't need to really worry about watching candles and all that shit

It's not that I'm watching the candles all day... As BTC is not so "fast" as it was in the past when I see the dip, I buy some... of course, it is all for the long term hodl, but why not buy more for less... :)

I was mining earlier a bunch of shitcoins which are on Dagger-Hashimoto (ETH style), but I got tired of changing coins and losing money, so I'm mining ETH last year-two, and HODL it...

I think unless you're mining for fun its pretty hard, soon ETH will be moved over to staking so I guess you can always switch to mining ETC instead, or move to Zcash or Monero.

I wanted to build my own lightning node the other day but I got side tracked, will do it a bit later maybe make a post on it.

Actually, the transition from POW to POS will not be sudden as everyone thinks... They will work simultaneously, both at the same time (for some time)...
I have a couple of dozens GPUs, so it brings some every month... not to become rich, but I have faith in ETH and the alien Vitalik... lol...

Ah yes I didn’t really read up about it properly I still think their will be a POW combined with POS in future to find a balance between security and efficiency

Lol I think their will always be a set of miners like you miners of last resort that keep going regardless! I enjoy listening to Vitalik he has good ideas and agree lol he sounds alien just like Elon sounds like a robot