VLOG 207: WHAT CAN I TEACH YOU NOW?
It's the first vlog from me back in The States. In todays vlog I pose a question to my subscribers as I have gotten a little bored with crypto as of lately apart from Steem. Even as far as Steem goes there's only but so much I can make videos on. So please, watch the video before you comment and upvote because I'm looking for genuine answers.
Enjoy!
I would be really interested in a video where you do a trade. How you take profits etc. How do you store your profit? You buy btc, get into a new coin or even fiat?
glad you're back home!!
👻
It's not even profitable to mine bitcoin anymore....Ether is pushing it. Maybe monero and coins that haven't gone up so much it's still worth it, but not with Genesis mining. If you really want to mine with Genesis, don't...but the coin at its value instead...you'll be much happier than if you mined...much happier. I mined with genesis for years...it's so much of a joke I can't believe it's being pushed. I have about 5 friends that mined when I was mining, and we were all tempted to create a lawsuit against Genesis..they don't scam you, they do pay you...but they pay you nothing. 95% of people investing with Genesis don't have the necessary knowledge to make an informed decision whether it'll be profitable to mine with them..it won't...100% it won't. They take advantage of peoples lack of education in the crypto world and make a ton of money themselves because of it.
This is an interesting concept... Everyone who trades realizes they'd rather just buy $2500 of ether or bitcoin vs. mining it and waiting 6 months before making even a penny... I personally put $2500 into Genesis mining bitcoin and currently received 1.15 bitcoin in about 4-5 months... had i just bought that garuntee id have more money now... However if the growth continues to mine in the next year or more, than i should have more coins from mining than my initial purchase could have ever bought. Mining is a safe investment just very very slow in the profit, but has potential LONGterm to be more profitable if these coins ever boom and in crazy chance the payouts continue? IDK you probably have much more experience than i, however Longterm there still seems to have potential... maybe I'm just an ignorant hopeful:)
Are you profitable even considering rising mining difficulty, any maintenance fees, and length of contract? I've always wondered how the cloud mining guys work... why wouldn't they just mine for themselves? Because it's more profitable to rent mining hardware and charge fees? Maybe Genesis Mining is different as I'm not familiar with them (haven't looked into that stuff in a long, long time).
Hey Trevon- Def not ICO's (against my religion as well) but a breakdown of particular coins and your thoughts/perspective on them would be cool. Love the daily live vlogs by the way.
Love you @trevonjb but did you just compare yourself to Bill Gates?!
Glad your travels were safe to Iceland Mr. Gates.
It's cool you got to go to Iceland and view Genesis, but I don't really get how you can promote it. Have you been investing in their mining for a while? I started investing 4 year ago with them...it's a joke. It's not a scam, but it's a joke. Anyone would've been better off just buying bitcoin for the price it was at instead of mining. You would've made way more money. Between mining difficulty and their fees, you're throwing away your money. I have proof from my own experience that Genesis is a joke of a way to make money in mining.
I would consider it diversification rather than a joke. Moreover, how do you invest in altcoins, other than buying them outright...and of course blogging on Steemit?
What do you mean how do you invest in altcoins other than buying them outright. That is the way, and for the bigger coins, it's the best way in my opinion. Most don't want to deal with setting up a mining rig, great if you do. Much easier to open up a Bittrex account and just buy coins. I look at altcoins like I do stocks. You can't mine shares of a company you research the company and if you believe in the company you buy shares in it. It's that simple. Have you invested with Genesis for years? I hate and I've seen what my returns are and it's pretty easy to know I would've made a lot more had I just bought bitcoin and ether. Diversification? Really? We must have different opinions on what diversification is. I own about 10 coins that I bought outright. That's diversification to me. You dont need to think Genesis is a joke, but I know it is from experience and would nrve tell people to invest in it to diversify or start out in altcoins. I'd much rather to tell them to set up a counbase account where you can set it up so that you're automatically buying a certain dollar amount of the 3 coins they offer each week
A true entertainer. Your not boring like so many of the others. Teach us more on Steemit in how to get more followers and putting out better content. Motivate us with your account and how you built it up. Talk about your beliefs on where Steemit is gonna go and how it will make people wealthy who have positioned themselves properly in acquiring Steem Power. Lead us to the promise land , guru Trevon .
is coinbase the only way to transfer between fiat and crypto, for americans?
Not the only way, but the way I do it.
Did you ever had problems with Coinbase? Is it safe? I also opened an account, but I am a still a little afraid, because of scams. I am totally new to crypto.
Unless you control your private keys, you don't control your crypto...Exchanges like Coinbase go down all the time, leaving you unable to access your funds or make trades - and timing is critical in this market.
Thank you for your advice!
ツ welcome back to the states.... Glad your interest in steem is 💯
Hey man, you don't seem to suffer from jet lag. What's your secret?
No clue
What do you think of Segwit?
Where is Bitcoin's price headed before/after Segwit?
Where will Bitcoin end the year?
Where will crypto as a whole end the year?
What's going to happen August 1st?
Where is Steem headed this year?
What % of your portfolio is in Bitcoin, Steem, etc?
What will become of Ethereum?
What coins do you hate?
What do you think a bear market will look like/how long will it last?
Instead of 1+ hr live trading streams, do a trading video series.
Maybe you could talk about how we could use our hard earned crypto in our daily lives and discuss investment opportunities to make this world a better place in general.