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Old 02-08-2018, 08:54 AM   #302
LouCypher
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Join Date: Oct 2006
Location: Calgary, Alberta, Canada!
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The amount of GPUs people were buying at my store was not as shocking as the follow up questions about what is the best coin to mine and how do you setup the mining software. People had no problem shelling out 20-30k on GPUs, motherboards, cpus, ram and power supplies yet still didn't get to the stage of knowing what they are mining and how to do it. On the flip side I know some who spent 100-200k and knew exactly what they were doing who ended up making out quite well.

Myself I went fairly moderate started playing around with an extra GTX 1060 back in June then started to invest in a few more cards here and there. Between a few small bitcoin and ethereum buys and mining some different alt coins I was at about 500% return when we had our low point in prices a few days ago. High point was about a 2000-2200% return beginning of January which I expect I should see again before to long.

I like to look at what the projects behind the coins are leading to as I view most my holdings as long term. Day trading crypto is pretty volatile, I tried for a bit did ok but found most my returns come from holding. It can seem like easy gains to trade coins but all it takes is one bad trade to wipe out several good ones.

There is money to be made on this but it won't all be easy money, takes some planning and research along with the ability to hold on through the ups and downs. Biggest thing though I would say is don't risk anything that would seriously affect other areas of your life.
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