I am truly a believer in crypto so every penny I can invest I will and in my free time I study on all aspects that I can to earn more. Now back to my favorite hobby, cryptos. Bitcoin is holding very well above $7000 so I can imagine my hashflare contract is doing well. Yet the mining difficulty is eating the amount of bitcoin I could have earned. For example when I first started the contract a little two months ago my estimated earnings were 0.012 bitcoins in a year, but now hashflare estimated earnings to be 0.006 bitcoins. The USD earnings are the same due to rising bitcoin price but having halved my actual bitcoin earned is hurting the bottom line.
The focus is to get my bitcoin earned thru hashflare to be invested in Genesis Mining. I am not a member yet at Genesis but have review a lot of info. and believe they are a safe company to invest in. I will keep readers posted when Genesis Mining is offering new bitcoin contracts.
Congrats on the move and for sharing. So what sort of work do you do at the moment?
If i were you I would not put any more money into mining projects and just keep it as BTC and invest small amounts into BitConnect.
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I reread my post and decided to delete it. I think I gave the wrong impression about my background. I am planning to go home near my parents to save a bit more so all this is just temporary.
I am actually well off, I work in a consulting firm that does a lot of building specifications. How buildings are made and the rules/regulations to follow. I am specific to MEP- mechanical, electrical, plumbing, and fire protection.
I am in crypto in hopes to get a passive income but as the days goes by I am learning that it takes many hours in work to actually accumulate some real assets in crypto. I am striving to learn more about programming so that I can better leverage the opportunities that are out there.
I may take your idea of storing bitcoin as that was also my thought. Spend some on a ledger nano wallet and store the rest for many years to follow. Thanks.
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Hey thanks for sharing. I like crypto for a few reasons too, one of them being in the hope to get a passive income also. So far, I have invested quite heavily in the lending platforms and all of them are paying very well at the moment. Bitconnect generates hundreds of dollars a week which is great. I know full well though that any/all of these sites could shut down without a seconds notice so I am weary. I also like to make YouTube vidoes about crypto in general and about all these lending platforms so that if people choose to invest they do so knowing the risks involved. I hate all these YouTubers that push people to invest so they get referral money without identifying the risks involved. that annoys me!
But yes, I think definitely just buy some Bitcoin, maybe some Litcoin, ETH, DASH and XRP and put a copy of the wallet files onto a couple of USB drives and lock them up. In 5 years time I bet all of those currencies will be worth a lot more than they are today!
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Yes the ledger nano s is perfect to what you describing. I think once I can get enough bitcoins to buy a nano I will do so. The limitation is four types of coins so I would be saving Bitcoin, ETH, DASH, and probably ARK. I am also interested in passive income but in a safer approach by doing proof of stake. I also like ETC so can't decide my top four.
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