Hello Everybody,
Cryptoland has a lot of potentials, and many way to make money if you are smart enough.
now there is basically two main ways to invest in cryptoland,
Time: Like Steemit, if you invest enough time right here, you will eventually get rewarded, of course if you could get the inner blogger inside of you out.
Money: you can invest money here as well, now steemit has few ways where you can invest your money, Ex: Saving account, Steem Power delegation, and also you can invest in steem power it self by powering up and upvote potential good posts, but that would be money and time investment.
now there is another way to invest money around cryptoland, which is mining.
the best coin to mine in my opinion right now is bitcoin.
now either you go and buy a good mining hardware that can get you sufficient amount of currency income after deducting electricity and maintenance expenses or go for cloud mining, i think it's a good investment both ways.
i am for my self consider cloud mining is great investment and i believe in it on the long term, of course as long as cloud mining companies are honest with you, there is very few companies with well reputation so far, such as hashflare & Genesis Mining.
why do i consider it long term investment?
if you believe that cryptocurrency is here to stay, then you must know that mining wont stop, because once mining stops we wont be able to make transactions.
And how we make sure that mining wont stop?
it wont as long as bitcoin has a value in the market, even if it hypothetically dropped to $0.01 per bitcoin.
why is that?
because of the combination of the difficulty and price, now if the prices drops there will be less miners and will be less difficulty, so if you are for example making 1 BTC a month worth for $4,000, you will be making 400,000 Bitcoin a month using the same hashrates, which equal to $4,000 if btc dropped to $0.01.
now i know that this is difficult to understand, but this is not a theory, it's kind of a fact,
miners are not mining for fun, so if bitcoin is not profitable they will just drop it, so the number of miners will drop until it balance the difficulty to make it sufficient again.
now even cloud mining contracts have mentioned that if the maintenance fees exceeded the income the contract will pause.
which is something i totally understand, but would it exceed?
i say no, i say that bitcoin prices are going one way only ^ UP.
Again why is that?
it's relativity: mining now is mostly in cloud contracts and it's only increasing, which means the more mining the more difficulty, and the more difficulty the less offering, the less offering the higher the demands.
now i believe if you didn't start mining yet, you should start immediately, because i am 100% sure that mining contracts prices will increase soon, as the interest is increasing.
you can use my referral link to signup for Hashflare, and i will get benefit of your purchases if you think i deserve it.