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Easy money with Ethereum

Discussion in 'Making Money' started by r3L4x, Jun 15, 2017.

  1. r3L4x

    r3L4x Junior Member

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    Hello, so month back I got news about Ethereum, so the big bubble started few days back and I started to check out prices constantly.

    So yesterday price whose 380+ USD per coin. Today when I check price who's about 250+ USD.

    So by ethereumprice.org website info, today 14:02 price whose 263 USD per coin, now it it is 319 USD per coin. So if today somebody who's buying on 14:02 10x coins for 2630+ USD they earned now 560 USD in 6 hours.

    I'm planning now to track prices and buy them if it will be same fails like today, what are your thoughts on this? Even one coin buying today it would be nice, because you can earn basically one day labor work pay.
     
  2. Defeatenonce

    Defeatenonce Junior Member

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    good thought high risk aswell. Reason is bumbs like these dont happen often.
     
  3. uncutu

    uncutu Elite Member

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    buy low sell high. there are trading bots that mimic this behavior well. as with any investment, don't put in more than you're comfortable losing. for me its safer to do long term trades than "day trade".
     
  4. r3L4x

    r3L4x Junior Member

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    I whose learning about crypto money 10 years back, but later I change my niche when bitcoin dropped.

    Now I can remember that I had money and bitcoin started to rise December 2016 before new years it whose 760 usd per coin, I wanted to invest but not invested. Funniest thing that I felt that bitcoin will rise. :D Now it is same feeling with Ethereum.

    My opinion Ethereum will rise to 700+ USD per coin and then it will drop.
     
  5. whiteblackseo

    whiteblackseo Jr. VIP Jr. VIP

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    Not as easy as it sounds lol, sure you can make quick money with crypto but there is a lot of risk when you buy. Do your charting, do your tech analysis, never buy blindly
     
  6. Black Hat Pivot

    Black Hat Pivot Newbie

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    Is it worth mining? was thinging of building a rig, what do you think?
     
  7. lilmasta

    lilmasta Jr. VIP Jr. VIP

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    I started doing this today, so far made 70usd in 8 hours but trust me the market is unpredictable, although i am quite new to this but i will advice no buy ETH at more then 350usd atm
     
  8. r3L4x

    r3L4x Junior Member

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    I`m planning to buy this month mining PC.
     
  9. Newbie 123

    Newbie 123 Newbie

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    I don't think so... the equipment is only good for 7-8 months and as the difficulty level went up you need to change equipment thus rendering the old miner hardware as scrap. If you keep using the old miner equipment, the return might not even cover the electricity bills.

    Of course, if the bitcoin double or triple the current price, you made quite a handsome sum.
     
  10. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    How about if they bought at 380 and sold at 250?
     
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  11. crazedspyker

    crazedspyker Senior Member

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    Easy to make 4-5 figures a day in crypto, easy to lose it just as fast. Crypto has really taught me to control my emotions, and I really enjoy this field because like SEO, the more you learn, the more you earn. Going in blindly is never a good idea, you will eventually lose it all back to the market.

    It's also way easier to trade than traditional markets because a lot of crypto traders aren't regular traders or investors, so lots of volatility and panic, and that's where you can make the best returns.
     
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  12. laur.laurix

    laur.laurix Power Member

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    The risk is too damn high ( meme reference) .....this is the housing bubble all over again...bought my first apartment 1 year after the economic crysis managed to pay 40k less for it....people are trowing crazy money on cryptos like they did on housing in 2005-2007....the bubble will burst soon.
     
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  13. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    The stock market is also too inflated and threatening to crash. Maybe that's why a lot of people are running to cryptos. Amazing that people will invest on anything as long as there is hype. I think there is value in cryptos and that they might go higher than now, but there is zero assurance, they might as well crash too. Might be very rewarding but its extremely risky, riskier than options IMO. But high risk can mean high rewards, and those who risked 3 to 4 years ago are reaping very high rewards, and now the hype fuels itself, creating what might be a bubble.
     
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  14. r3L4x

    r3L4x Junior Member

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    Yes it is worth mining, I don't know how will be after one years. Check here https://badmofo.github.io/ethereum-mining-calculator/ So you can build nice pc for 1500 euro, whit 2x AMD RX 480 You will get about 11 Ethereum in years. I already counted even an electricity bills, in my country single like this gpu is about 50 euro in month for electricity. So 2x it is about 100 in month, but it is not accurate counting it can be less. After that if this will not work out you still will have badass pc for work or gaming. Like this build will work for 3-4 years.

    So you will pay for electricity in years about 1200 euro, but earnings is 4k usd. I can say count by yourself everything because no one will say that, yes start mining it. People like to make money and not say their methods.


    What moron would do this? :D If it drops you just keep holding till it rises. P.S. Today 352 $ So if yesterday somebody both them that person made 108 $ from one coin.
     
  15. r3L4x

    r3L4x Junior Member

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    1) Newbie Joined:Today what rights you have to call me moron?
    2) I`am not promoting, I'm just saying that it whose drops and some people made money and I'm not saying that invest in this currency and hold your coins, it will be 5k after few years! (By myself I don't believe in crypto future, but I believe that it is possible to make some easy buck.)
    3)Yes it is gamble, like in stock, but there is some people who made some money in that business.

    My opinion just that it is possible now to make some money from this, but just need to wait till it drops. My friends friend have cryptocurrency exchange, so he said about this to my friend one month back, that this will rise, my friend invested hell a lot of money it in, he ivested basically one house, now he can buy 2 houses... After that person who is saying opinion without proof can put his ominion just in one place.
    [​IMG]
     
  16. tenam

    tenam Newbie

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    If you do not understand the underlying principle of why it goes up and goes down, better not to do it because there is a huge risk on betting.
     
  17. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    Erm the kind of moron that had risked 100k and wants to cut his losses.

    Asking what kind of moron would do this, only shows your complete lack of knowledge on the subject. You see, there is no saying that it won't get completely wiped out. And if it does this is where we see the difference between traders and cryptotards who think they are traders.
     
  18. artomka

    artomka Junior Member

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    Can you buy etherum with paypal?
     
  19. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    If you were able to buy at 250 it means there were "morons" who were selling.
     
  20. Newbie 123

    Newbie 123 Newbie

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    There's only so much crypto needed floating in the virtual world and there's already so many virtual currencies in the market. Some new currency failed as fast as it started but there will be a small percentage some will survived. If I want to mine, I rather mine on new unpopular currencies and if it collapsed, I'll just move on. Mine a new currency for every 3 days and in 1 year I would had mined 100 currencies. Any 1 of the 100 currencies survived and thrived, I could be the next millionaire. I don't need fast new equipment to mine for just a few fraction of a coin. I can keep using the old miner. Electricity bills is the gambling chip here and my electricity is free. (well, not free but company paid) Yours might not be free like me but that's your max loss in this gamble.

    Bare in mind that crypto can never replace traditional money and you need traditional money to convert into crypto. When the demand for traditional money to convert into crypto has reaches it's peak, it will start dropping like sh_t because it has way over inflated for the last couple of years. It's a currency and people don't use it for the intended purposes like traditional money(food, bills, car installment,etc). Everybody buys it for the inflation profits. When the demand drops, everybody would want to convert it to traditional money. Who needs to hired a hitman everyday and pay in bitcoins? All in all, I'm trying to say that crypto is rising not because it is useful to everyday life but due to demand for trading. This will end someday and late miners and buyers will take a huge hit.

    Anyway maybe I'm just too free and typing rubbish.