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RE: This Is What Brand New Crypto Investors Are Saying? Do You Agree?
In my opinion, you dont need to invest in Bitcoin or Etherium to profit from their gains, as smaller cryptos are denominated in the larger ones, the smaller ones generally track the larger ones anyway.
For example if you put $x into Bitcoin on 1stJan 2015, you would have roughly 5000% return, not bad at all.
If you put the same $x into one of my favourite coins Gridcoin, you would have about 10,000% return, and Gridcoin is really able to boost its price another 10x quite easily.
Its trading volume that gives the best indication of ability of a coin to rise or fall, smaller traded volume coins have less resistance in both directions, because less $ or BTC is needed to move the price.
You are a wealth of knowledge! Great points. I do have a question. Why do you like Gridcoin so much?
I like #Gridcoin because of its positive impact on humanity, Gridcoin doesnt waste energy on pointless hashes, instead it does PoS to secure the chain, but also rewards scientific computations on the #BOINC distributed computing platform.
What does that mean? Well you earn GRC by helping Cure Childhood Cancers or do cutting edge research into other diseases or 3d map the Milky Way or do cutting edge particle physics at CERN and a bunch more stuff.
It wont slow your computer down, so you can blog on Steemit while earning GRC and making the world a better place. I think such cryptos will dis-arm those saying this space is for terrorists and criminals, so it has great long term survivability.
That sounds so awesome. I'm in! How do I start? I'm going to read your links. I appreciate it.
You can start with BOINC simply by downloading it from https://boinc.berkeley.edu/download_all.php and then signing up for projects you like.
Gridcoin is separate, if you do want to earn GRC as well its best to follow the guides at https://gridcoin.science/ and follow the Get GRC dropdown.
For solo mining you will need to buy around 2000GRC, if you dont like that idea follow the pool mining guide and you can start with 0GRC.
There is a huge presence here on steemit, lots of folks on Reddit, Telegram, Slack, IRC and pretty much everyone is nice and helpful.
Dude, you rock. Thank you so much. I'm going to start looking into it. I appreciate it. I'll let you know how it evolves.what moves I make. Thank you!