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RE: Your thoughts on Hashflare?
I'm only a "minnow" on there too haha - I've only put in $550 so my daily earnings are only about $3-4 daily depending on the price of BTC / mining difficulty. It looks as though it will easily double my money by end of year though and that is with Bitcoin price having gone down quite a bit since I joined. So once its up I think will easily triple my money.
Am currently reinvesting as I go as well so that should bring the price up a fair bit too.
Nice! The thing that I keep going back to is yes, mining is steady income. But at $3-$4 a day, that puts you at 0.007% per day (using $4). You can make that easily in one swing trade, even during bearish markets (I have been swing trading across 5 coins heavily during the bear market). Furthermore you could lend it on Poloniex at the same rates for much less risk. I guess if BTC goes up to 30k like they are predicting though you would be looking at a bit more.
0.07 I think? But thats only because I bought the hashrate when bitcoin was higher. Fair enough, if that works for you. But I'm not a trader, I dabble but I'm not a professional so i'm more likely to lose on trades more often. So I think I see mining as part of a diversified portfolio risk wise for me :)
Ahh, yeah I can see that. Technically the rates from mining are still better then the stock market, show me an investment from a bank or brokerage where you can make that % in a day!!!
Tell me about it! I'm trying to see crypto as a more lucrative savings account in general... one where some days I will have lots of savings and some I will have a lot less haha