- Joined
- Oct 13, 2010
- Messages
- 10,797
If you want to make money in crypto currency, like any other scheme, all you need to do is outsmart or outguess or outluck the other guys that are trying to outsmart, outguess, or outluck you.
Or like the Dogecoin enthusiasts would have said it: "Much lols".While that may seem like a poor reason to bid up the price of a joke, the ongoing interest in crypto ETFs demonstrates that the ease with which one can access a given coin may be the closest thing there is to "fundamentals" in the space. The easier a coin is to buy and trade, the more money can go into it.
My son and husband mined for the past 4 years. About 4 months ago they turned off the machines because there wasn’t enough profit. My son mines other coins as well and sells and buys coins depending on value. During this time minus expenses we have cashed out 40k and them 150k. We have 7 coins left and will probably sell when they go up to 20k/coin. My son spends a lot of time keeping up on the coins , etc and really knows what he is doing.
Roy, my son was the brains of the operation and spent countless hours researching everything throughly. We also didn’t invest more than we were willing to lose.