The June 2017 Wealth Report gives forecasts for a variety of cryptocurrencies including STEEM:
| Bitcoin | BitConnect | Bytecoin | Dash | DecRED | Dogecoin |
|---|---|---|---|---|---|
| EarthCoin | Ethereum | Ethereum Classic | Gnosis | InfiniteCoin | LiteCoin |
| Komodo | Monero | Zcoin | ZCash | GameCredits | Golem |
| PepeCash | Ripple | Siacoin | Stellar Lumens | Steem | Veritaseum |
As well as a forecast for precious metals, gold and silver.
jsnip4 gives his endorsement and recommendations in this video.
22 minute video published 24 May 2017
Assessment by @etcmike
The following is not investment advice. It is my opinion and actions I am taking after reading the Wealth Report.
I have purchased the June 2017 Wealth Report. Exciting times lie ahead in the very near term for the cryptocurrency space. Based upon what I read I will be holding Bitcoin, Ethereum, and STEEM. I currently have Genesis Mining contracts for Bitcoin, Ethereum, Monero, and Dash. I plan to increase my holdings in Ethereum. And over time continue to add hash power to my Genesis Mining contracts for Bitcoin and Ethereum.
As I read it in the Wealth Report STEEM will do well, but to free up capital I plan to do a power down for two weeks only. This will free up my initial investment in STEEM.
There will be many opportunities in the cryptocurrencies space in the near term. I highly recommend the June 2017 Wealth Report to those who can afford it. The Wealth Report gives a few price targets as well as time frames for the cryptocurrency space.
Sources
YouTube Channel: jsnip4
Webbot Report: http://www.halfpasthuman.com/ Cost of the report is $15 USD
Cryptocurrency Report: http://www.halfpasthuman.com/ Cost of the report is $99 USD
Pitfalls of Cryptocurrency Mining Contracts
Based on my experience with cryptocurrency mining contracts here is what I have learned from the school of hard-knocks:
- Do not start a Bitcoin mining contract before a halving event. This is a sure way to at best lengthen your period of time before you break even and at worst ensure you do not break even.
- If the price of the cryptocurrency being mined declines, then your period of time to break even will be lengthened. If the price never recovers, then you are extremely likely not to break even.
- Because a daily fee is associated with some mining contracts like Genesis Mining's Open-Ended Bitcoin mining contract ("USD 0.00028 per GH/s and day, deducted on a daily basis from the generated Coins"), it is possible for a mining contract to go underwater. If this happens you will cease to see a payout until the fees are covered. This typically happens when the price of the crypto-currency is in a prolonged and extended downturn.
- Genesis Mining represents a percentage of the total global mining hash rate. As the price of the crypto-currency increases the mining competition is likely to increase.
Genesis Mining
If you are interested in learn more about Genesis Mining then click here to visit their website and use promo code Q1MYO7 for a 3% discount on your first mining contract purchase.
If you have an account at Genesis Mining, you will recieve a 3% discount on your next upgrade using promo code Q1MYO7
You can pay for your mining contracts at Genesis Mining using Credit Card, Bitcoin, Dash, Litecoin, and Dogecoin.
Genesis Mining Bitcoin Mining Farm in Iceland (1 minute) Video
Genesis Mining X11 Cryptocurrency Farm Build (2 minute) Video
Genesis Mining Enigma "The Largest Ethereum Mining Facility" (2 minute) Video
Coinbase
I buy my Ethereum and Bitcoins through Coinbase. For me, buying Ethereum and Bitcoins through Coinbase is fast and convenient. Plus, you will get $10 in Bitcoin when you signup at Coinbase using this link and you buy $100 or more of crypto-currency.
What did say concerning GameCredits? Was he positive or negative?
Neither positive or negative. There was not enough in the data GameCredits to give an opinion.
Interesting post. I was about to start a similair discussion. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. I found this great website: https://www.coincheckup.com This site did all the research for you. It's truly amazing.
In other interview in Youtube, cliff high discussed about other crypto currency like PIVX and Cloakcoin . But Cliff has not mentioned in his report.
I think we will read about these coins in the next Wealth Report from Clif High toward the end of June.
Have a great week!
Steem on,
Mike
Where they positive things he said about Pivx and cloakcoin?
Good info!
And thanks for resteeming my post! @etcmike
You had a very informative post that I felt should be shared with as wide an audience as possible. I am learning/re-learning a lot from your posts!
Have a great weekend!
Steem on,
Mike
I like jsnip4... years ago I use to subscribe to his youtube. He just annoyed me.(weird)
Excellent post, upped/followed/resteem
Thank you! At times all the alternative media personalities I subscribe to on YouTube can be annoying. But they are usually going to tell you things the mainstream media will not. I like listening to their reports then going off to do my own research.
Have a great weekend!
Steem on,
Mike
I couldn't agree more. Very well scribed!
i have been watching u for years. Most days every video. U crack me up with ur singing. Sorry flying isn't for u. Maybe u could fantasize about fast cars.
you are talking about joe..........etcmike is not joe as far as i know.
Upvoted and re-steemed! Thanks for the info- especially to us newishbies!
Nice 😀