Bitcoin crashing to $900what to do
Also I think it worthy to note that in your calculation you looked at only your BTC mined to your wallet as your daily amount where-in that isn't totally accurate given the amount that went to your Rebuy's. It might be valuable to mention that due to that rebuy your mining doesn't end at days. At the time of this video you had. My apologies for the wordy question. I would love to pick your brain on this now if you were willing to discuss. Let me know and maybe we can exchange an email or something.
Hi, Can you make an updated video for BitClub Network? Or maybe just reply to this and let me know what you think!
Do you have any other channels that you are more active on? You have great information and are much easier to listen to than some of the kids making videos all over the place. Kudos for being brutally honest with your review of bitclub network rather than just pumping it.
With the price of Bitcoin today, it seems you made your money back in only days. Not Bitcoin but dollar wise. It is all about the risk and rewards at the end of day. I am invested in both and some more eggs and basket and all.
I look forward to your next informative videos. Thanks Air for your review. But i Saw youe review very late. I have purchased the usd pool. But I will not invest any more in this. Thanks and I subscribed with your channel. I am still far behind on you guys, but will get there But, you are telling that you are not making profit yet.
But this is eventually compare if you would purchase BTC at the beginning. But dollar wise, you are doubled your initial investment in those 6 months. Is it not true? You have doubled your dollars in 6 months. But if you compare that to the buying BTC on the beginning , YES it would have been better investment short term less than three years.
But also very, very risky in my opinion. You have not considered one very important thing. If you have bought those BTC on the beginning would you hold it when price double, triple, quadriple and so on? Would you not sell when price drops as it happened few times this year? People panic a lot, hope you noticed that when BTC price starting to soar, and sell, so still if someone ever experience FOMO, probably buying and holding BTC would not work for that person. Apparently there is only 0.
There is even more factors that needs to be considered I believe. In this case Bitclub will be better for those people I believe. As when BTC price would go slightly down they would probably sell it. Keeping BTC for 3 years might be as good as this is also but might be even better, will you not panic and sell soon?
Hope this helps lttle bit for people who think about strating with Bitclub. Do you have balls of steel to hold your BTC in good and most important bad times, as it happened before and will happen again in future. All the best guys ;. I see your point. Other hand when you have invested 3. Which would you still recommend? DO you think is it possible to mine this amount of BTC during first year of new person?
I am on such a contract for a month, having 0. However difficluty grows and that might be a killer for BTC profit. In my opinion today is better time to invest in mining than it was when you started.
I still think is worth to do both, shame I was not here year ago, started just 4 months ago but still making money now, but last year was a real rodeo. I have a feeling that many people dont see crypto as long term anyway. You have done great job on your video. You are right, there are better ways. All the best on your journey ;. The fact is that I invested my 3. It's as simple as that. But will I make my 3. Probably, and at that time I'll be happy. Herc, Did you stay with Bitclub?
As time has passed the value of everything has gone up. Would you recommend someone looking to invest long term go this route as of todays numbers? Ron As the price of BTC rises the entire system becomes far more profitbale of course.
It's a solid long term investment now: Don't you forget no doubt is lesser Bitcoin you get back but after days contract what is the value? But if I invest 3. Regardless of the price change of BTC.
Helped me a lot. I invested bitcoin in some "projects" starting summer For all of them turned out if i just bought and held bitcoin i would have gained more through value increase than from these project returns.
I personally think bitclub is way better than usi tech. I think you misunderstand. You have to read the therms once again. Just learning about Bitcoin. Anyway, you are looking at the investment in terms of regaining the initial BTC you purchased.
Why not look at the initial dollar investment By the current rate your bitcoins will be worth 13 thousand dollars in days. And the value keeps increasing. The value of BTC only factors into the buying price at the point of purchase. I should make more than 3. I think you overlooked some things and people looking at Bitclub need to get clarified with someone who knows how use the repurchasing correctly. I have invested with a founders package too. The difference is that with a higher purchase price for Bitcoin now the percentage of Bitcoin needed to purchase a package is way below a single Bitcoin.
Now it has a higher value, using these figures in the video, my return will be worth more in value even though the amount of coin earned will remain a similar average. Time will tell of course, but I remain optimistic but also realistic. I do know a lot of people who are "experts" in trading of FIAT currencies who have lost a ton of money.
Being an expert is fine, but when returns are reliant on markets controlled by governments and the banks, I feel that Bitcoin is the way to go, whether it's a case of buying some and sitting on it, or being part of a mining pool. As I say, time will tell. Some will always look at this as being a fools investment, but consider this. I had a small private pension and it crashed and lost almost half its value a few Sears back.
Totally out of my control. LoL, I bet it's even better now. I don't see this thing slowing down much at this point. The herd is coming, and with them will come the masses. I can see BTC price going to 20K by the sommer David Lewis Payments start a day behind I believe. It was the same with mine too but don't worry it should start to show up on day two.
I panicked after day one as well but it has paid out everyday since. I've used a couple of commissions to also buy partial shares in pool 1 which have the same 30 day countdown period before kicking in depending on the days each partial share was actually purchased. If the Btc price goes up this will be more depending on Bitclub winning roughly the same amount of blocks. I have heard that by Feb the hashing power will be greatly increased so that's really good news for all of us!!!
Guys, good comments and good vids. Got through the 30 day period and now down to days of Mining left but have had no daily payout in any pool. Did you guys experience this? Any days with 0. Cheers if you can find the time to answer I'm only a few days into my founders package. Projections look very promising. I've also bought a GPU founders. I'm hoping ETH is the sleeping giant with all its other flexible uses in addition to just the currency.
Hope it's all paying off for you since making the video. What about your referral fees? A bigger part of the BitClub profits are the referral fees from your downstream. Did you not get anyone? Yeah the best videoe out there about this topic!!! U realy got a backbone for not trying to scam people and actually be honest.
Most of the people want to recruit then they understand the deaI. Saw alot of videoes out there and they brag about total earnings all the time.. Your getting high total earnings but not paid I'm extremely happy about that: First off thanks for this video! The insights are very helpful.
Those numbers are all relative to the network difficulty over time and the halving reward of the BTC that is coming in Without factoring in those critical pieces of data I don't think this video is complete. You might say is a long ways away but I have to bring it up because you didn't specify the exact terms of the re-purchase stipulations. Is 1 share equal to one miner for days or is the miner sold and replaced during the days to stay competitive with the ever increasing network difficulty for example.
I tried looking this up on their website but I'm in the U. I was considering opening a contract if the math was there l but this kills it for me. Hi, thanks for this in depth info. I've subscribed to your channel. Out of interest what made you go with Bitclub over Genesis Mining or Hashflare?
Have you done any comparisons or looked at the others? Most people always make this mistake when they talk about using the original amount invested into bitcoin mining with BitClub Network BCN and should have kept and held those BTC instead. Allow me to clarify. Bitcoin serves as both a product and a service. On one hand it is a store of value product , and on the other it is a payment method service.
The two should not be confused with one another. When BCN charges USD3,, it is requesting that the amount be paid in the form of bitcoins payment method or service to facilitate international transactions. This is because the purchase of mining hardware from BitMain is also paid directly in the form of bitcoin. This makes payments across borders smoother, as opposed to if they were to receive payments in fiat currencies from different parts of the world.
So, when you're buying a mining contract with BCN, note that you are effectively paying for the contract in USD but just in the form of bitcoin. Here, bitcoin serves as a payment method. We would not have said that the camera should have been bought with cash because after a year, the BTC paid for the camera would have been worth twice or thrice of what it was originally worth.
Hence, if one wanted to invest in bitcoin product as a safe haven asset or for capital appreciation, one would buy another batch of BTC that will be held and not touched for years to come. Someone buys into a mining contract because after some research and due diligence, he or she believes that mining can still be profitable compared to just simply buying and holding, and will spend the money to get a contract, be it in USD or BTC.
Keep up the good work with these BitClub vids: Please add me on Facebook facebook. Herc Magnus my mistake, then, I apologize. Do you mine with Hashflare? I stumbled across it today quite by accident. Jokes aside, their sha bitcoin mining contracts are very profitable right now. Yes it's FAR better to buy in now than it was when I joined.
BCN was supposed to combat their pool dilution by continually adding more hashing power, but that hasn't happened nearly as fast as they've added members so my daily income keeps shrinking instead of growing.
The entire pool is crowd funded and is set to have petahash by The end of FEB It currently runs on ph and still makes profits for investors. No one guarantees anything, and it their transparency that you should look at as well as their daily mining results, all of which is verifiable at Blockchain. To date, over 66, BTC has been mined with bitclub.
If you really need to see what a Ponzi scheme looks like look into Onecoin. As far as other mining opportunities goes, if you can't find evidence for claims on the Blockchain, don't do it. If you can, do your sums first then decide. This is a complex industry. Because it's so profitable, it also attracts scams. Yes, they are out there in droves, but this is not one of them. But do your own research.
But as for me, I earn every day with this pool. Three months in, and it's looking good, but as for the future of all of this. Who knows for sure. Whatever you decide to do, never put any more than you're prepared to lose into anything. I hate when people throw around the word Ponzi. It's not a Ponzi Even tho I don't give them a high recommendation, they still don't deserve to be called a Ponzi.
Doing so was the worst decision I have made since investing in Crypto's. The returns are terrible and the only way to make money is to suck in other people and then leaving them holding the bag while you make money off their back. I put in 4. I hate Bitclub and wish I had never heard of it! This is a good assessment by Herc- it just ain't worth it. If I purchase the founder pool, and leave my repurchase settings as you had it, after days will I have mind the same amount more or less of bitcoin as you predicted or will I have less bitcoin seeing as the Bitcoin price is so much hire now?
Curious about something, did you take into account that yes only that 1 mine of yours is taking so long to make back your initial investment, that being said did you note how many more equipment you have gained in those days? You forgot to calculate the compound effect, your calculation is NOT correct I have invested Thats not bad at all.
After 1 Year I got my investment back. Compound effect is key here. I also made this work on excel and I have the same conclusion as you. Don't invest in Bitclub. This is a very conservative estimate. BitClub Network are the only mining Pool that seem to offer this magic of compounding through the accumulation of partial Pool shares minimum 2.
It's an amazing opportunity that we have. I'm curious of your opinion on Bitclub Network now given the rise in value. Also I think it worthy to note that in your calculation you looked at only your BTC mined to your wallet as your daily amount where-in that isn't totally accurate given the amount that went to your Rebuy's. It might be valuable to mention that due to that rebuy your mining doesn't end at days.
At the time of this video you had. My apologies for the wordy question. I would love to pick your brain on this now if you were willing to discuss. Let me know and maybe we can exchange an email or something. Hi, Can you make an updated video for BitClub Network? Or maybe just reply to this and let me know what you think!
Do you have any other channels that you are more active on? You have great information and are much easier to listen to than some of the kids making videos all over the place. Kudos for being brutally honest with your review of bitclub network rather than just pumping it.
With the price of Bitcoin today, it seems you made your money back in only days. Not Bitcoin but dollar wise. It is all about the risk and rewards at the end of day. I am invested in both and some more eggs and basket and all. I look forward to your next informative videos. Thanks Air for your review. But i Saw youe review very late. I have purchased the usd pool.
But I will not invest any more in this. Thanks and I subscribed with your channel. I am still far behind on you guys, but will get there But, you are telling that you are not making profit yet. But this is eventually compare if you would purchase BTC at the beginning. But dollar wise, you are doubled your initial investment in those 6 months. Is it not true? You have doubled your dollars in 6 months.
But if you compare that to the buying BTC on the beginning , YES it would have been better investment short term less than three years. But also very, very risky in my opinion. You have not considered one very important thing. If you have bought those BTC on the beginning would you hold it when price double, triple, quadriple and so on? Would you not sell when price drops as it happened few times this year? People panic a lot, hope you noticed that when BTC price starting to soar, and sell, so still if someone ever experience FOMO, probably buying and holding BTC would not work for that person.
Apparently there is only 0. There is even more factors that needs to be considered I believe. In this case Bitclub will be better for those people I believe. As when BTC price would go slightly down they would probably sell it.
Keeping BTC for 3 years might be as good as this is also but might be even better, will you not panic and sell soon? Hope this helps lttle bit for people who think about strating with Bitclub. Do you have balls of steel to hold your BTC in good and most important bad times, as it happened before and will happen again in future. All the best guys ;. I see your point.
Other hand when you have invested 3. Which would you still recommend? DO you think is it possible to mine this amount of BTC during first year of new person? I am on such a contract for a month, having 0. However difficluty grows and that might be a killer for BTC profit. In my opinion today is better time to invest in mining than it was when you started.
I still think is worth to do both, shame I was not here year ago, started just 4 months ago but still making money now, but last year was a real rodeo. I have a feeling that many people dont see crypto as long term anyway. You have done great job on your video. You are right, there are better ways. All the best on your journey ;. The fact is that I invested my 3. It's as simple as that. But will I make my 3. Probably, and at that time I'll be happy. Herc, Did you stay with Bitclub?
As time has passed the value of everything has gone up. Would you recommend someone looking to invest long term go this route as of todays numbers? Ron As the price of BTC rises the entire system becomes far more profitbale of course. It's a solid long term investment now: Don't you forget no doubt is lesser Bitcoin you get back but after days contract what is the value?
But if I invest 3. Regardless of the price change of BTC. Helped me a lot. I invested bitcoin in some "projects" starting summer For all of them turned out if i just bought and held bitcoin i would have gained more through value increase than from these project returns. I personally think bitclub is way better than usi tech. I think you misunderstand. You have to read the therms once again. Just learning about Bitcoin. Anyway, you are looking at the investment in terms of regaining the initial BTC you purchased.
Why not look at the initial dollar investment By the current rate your bitcoins will be worth 13 thousand dollars in days. And the value keeps increasing. The value of BTC only factors into the buying price at the point of purchase. I should make more than 3. I think you overlooked some things and people looking at Bitclub need to get clarified with someone who knows how use the repurchasing correctly. I have invested with a founders package too.
The difference is that with a higher purchase price for Bitcoin now the percentage of Bitcoin needed to purchase a package is way below a single Bitcoin. Now it has a higher value, using these figures in the video, my return will be worth more in value even though the amount of coin earned will remain a similar average. Time will tell of course, but I remain optimistic but also realistic.
I do know a lot of people who are "experts" in trading of FIAT currencies who have lost a ton of money. Being an expert is fine, but when returns are reliant on markets controlled by governments and the banks, I feel that Bitcoin is the way to go, whether it's a case of buying some and sitting on it, or being part of a mining pool. As I say, time will tell. Some will always look at this as being a fools investment, but consider this.
I had a small private pension and it crashed and lost almost half its value a few Sears back. Totally out of my control. LoL, I bet it's even better now. I don't see this thing slowing down much at this point. The herd is coming, and with them will come the masses. I can see BTC price going to 20K by the sommer David Lewis Payments start a day behind I believe. It was the same with mine too but don't worry it should start to show up on day two.
I panicked after day one as well but it has paid out everyday since. I've used a couple of commissions to also buy partial shares in pool 1 which have the same 30 day countdown period before kicking in depending on the days each partial share was actually purchased.
If the Btc price goes up this will be more depending on Bitclub winning roughly the same amount of blocks. I have heard that by Feb the hashing power will be greatly increased so that's really good news for all of us!!! Guys, good comments and good vids.