Why do people go for mining instead of trading? Because you want to have more coins for the same amount of money....But with genesis mining or any other cloud mining you won't...I took a 100MH/s Dash mining contract at genesis mining for 500$ on 2 july 2017(24 days ago) which they say is the best buy...png)
Now what are my returns?
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In just 15 days the returns have become half and the dash mining difficulty is increasing very fast so the returns will decrease further by almost half every month...so calculate it yourself what is better, trading or cloud mining..
So why do all your favorite youtubers recommend genesis mining? Because they want you to use their promo code so that they can get 2.5% of hashpower you ordered...i have seen their videos when they started they said genesis mining is not good and now when they are famous they say genesis mining is good...they are on youtube with selfish motives ...they don't care about you losing money,they just wanna make money themselves...So i recommend you stick with good youtubers like the dollar vigilante, cedric dahl and ivan on tech are my favorite because they never give bad advice..
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Disagree too. Some youtubers are like this, but like me (i think), i try to give back when people use my code (and u can tell too that we can have between 2.5 and 6% for the big ones....). Last live session, i used 16 differents codes from subscribers, cause i want to share the money i win with them !
Also, yes, when u start on genesis, u have to take the point about difficulty, cause if u dont, u cant buy contracts here !
For me, even if i have less if difficulty rise, i do all this cause i believe in the future of those ones.
So even, like we saw on Dash, difficulty doubles, i dont care cause i believe that the price will rise soon or later and i ll earn some more profits.
For trading, i saw so much people loosing so much money when they bought thinking they made the good choice, and 3 months later, still no profilt and loosing money.
More, i dont have time to look charts all days, thinking about if go up , down, i mean, i dont have this time to do !
For me, best one now, is BTC, cause i think we cant see it down enough to stop on genesis, so think it's a good one.
U can have too eth, but, long term cause difficulty rised so much.
All are not bad people ! :)
what i m saying is i could have had 3 dash for 500$ ..and i m not referring to trading as sitting all day and thinking about it to go up or down ..just hold on to it and when its high enough sell...and when its down buy..u don't have to sit all day to know that 2800$ bitcoin is high and 2300$ bitcoin is low...and i don't think i will be able to get 3 dash at this rate of mining with genesis...i don't say u r like them youtubers but mostly all of them are just proposing it for their benefits
yes u are right on BTC, we can see , but dash, litecoin, eth, etc ? u can say when up and down ? i mean many traders can, i know, and some who knows trading a little, but somebody like me, or some that even don't know what is Bitcoin but want to win some money ? Ok whith difficulty rising, contracts for 2 years on others can be "dangerous" if price falling ( for example ETH) and PoS/Pow, sure, u are right, but now that "things" will be better for me (that's my opinion), after Agust 1st, can be very profitable to have this working on a lifetime contract ;) . Have a good day !
ya that is true i seen a lot of you tubers are recommending to buy genesis mining for there profits
Out of all the contracts I believe bitcoin is the only viable one in the long run. But everything you are saying is true.
I disagree...i think this autumn Eth will be...because of the dag file increase and also vecause of amd 4xx and 5xx cards drop in hashrate