AltMiner247 -Cloud Mining (passive income while on Lockdown for GLPers) | |
Anonymous Coward User ID: 78770374 ![]() 04/09/2020 06:27 AM Report Abusive Post Report Copyright Violation | Mining is extremely competitive. Like the NBA almost. Cloud mining is not. Cloud mining is like your highschool varsity team. There's no way they could beat an NBA level team. Not in 1 million years. Its the same with cloud mining. You're better off just buying the coins and trading the volatility. I.e. selling profit into something called "stable" coins like DAI or BUSD when the market moves upwards, and buying coins back lower when it moves beneath that sale price. For example, if you were holding $100 of Dash, well today would be your lucky day as it has pumped around 10% for a profit of $10. If you sell $10 worth of Dash for stable coin, when the price goes lower again, you can buy more Dash than you had before with the profits, whose value doesn't change. Thanks to being stable. Rinse and repeat and you're making your own money. |
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