Crypto Currency Mining - My Opinion

by FrannaB

So this week I took you through an educative blog about Bitcoin (and others), the Blockchain Technology, the Value of Bitcoin, how and where you can spend it etc....

Today I would like to share my personal experience in the Crypto World!

My journey in this space began early in 2016. And boy what a journey it is!
I've been scammed out of hard earned money, but I have also been blessed by partnering with the right business partners and the most legit companies out there.

My experience is that there are a few ways by which you can get involved in Crypto Currencies....

TRADING THE MARKETS

You can become a Trader. Now trading the markets is not for everyone. If you read some of my previous Blogs (go here) you will understand that about 5% of all traders has the physiological mental capacity to trade the markets successfully! That being said, I know I am not part of that elite group of people, so I keep myself away from trading physically.

I have some money invested in trading through a company that prides itself with a phenomenal Expert Adviser (EA). That is the beauty of an EA, it trades on your behalf. You can decide on the risk factor - low, medium or high - and let the EA do the heavy lifting. Sign up for a FREE Account with them HERE

BUYING AND HOLDING

So a few of my friends and people I know do this....
It's all about the price or value of the specific crypto currency they follow. They understand that the Digital Age of Money is here and it is here to stay. So they would go out and register an account on an exchange and would then buy a certain digital asset. Once they bought the asset, they become what I call "Price Watchers and Hopers". If you want to know what the value of any currency is, just ask them! They know, because they now hope that the value goes up so that they can capitalize on the growth.

Which makes sense in a way, because let's say they bought 1 Bitcoin at a value of $10 000. In 2 to 3 years the value of that asset might be $100 000. That is $90 000 profit. NOW HERE'S THE THING - to realize that profit, the asset (BTC) needs to be liquidized (sold off). BOOM, out of the game! If he/she wants to get into the crypto game again, they will have to buy-in at the current value + fees ($100 000+)!

The other side of the coin is this.... After buying the asset for $10 000, the value might drop to $7500. Even a little fall in value has them on the tip of their chairs. They would call me and the conversation is always the same: "I have just lost my money and/or what is going on in the market?" Well, I can not for starters predict the markets or the future of a digital asset. My question to them is always: "Have you sold the asset - because you can only loose your money if you sell at a lower value"!

MINING CRYPTO CURRENCY

After I came to understand what I know today, and because of my business partners and the education we have about Crypto Currencies, I chose to mine my own Cryptos....

By investing in the very backbone of any crypto currency, which is its block chain, you become part of the creation process of the crypto currency. The term 'mining' means maintaining the block chain!
For maintaining the block chain - verifying all transactions on the spesific block chain and keeping a copy of the public ledger - miners are rewarded newly generated crypto coins (depending on which block chain you choose to maintain - bitcoin, ethereum, dash etc) It is for sure a long term strategy to follow, and you will be able to build your hash power - processing power on the block chain. The more hash power you have, the higher your rewards. For me its like building a pension fund that will finance my lifestyle in the future.

Looking at mining crypto currencies, there is a lot of ways to get involved from crowd funding, cloud mining, real mining operations and even mining from home. I will go into the different mining solutions in a following blog, but for now, I prefer real mining operations with legit companies!

Feel FREE to connect with me personally for more info on mining......
Hit the comments section!!!