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RE: Bitcoin depression cure is Genesis Mining daily bitcoin payments

in #cryptocurrency8 years ago

You do realize that BTC cloud mining contracts are deep rabbit holes? Sure the profit estimates look good now, but once the mining equipment gets outdated, mining diffculty increases etc. you'll have to be constantly buying more to get ROI. Which will never happen when you constantly have to keep buying more... And who knows perhaps BTC isn't mined forever, perhaps they move to POS or something at some point and your mining contracts become totally obsolote. Sure you might've earned a decent amount of BTC and it's value will probably get higher, but I still doubt you've wasted more of your current assets for the "promise" of bitcoin going up... Just my flow for now. LOL.

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i cant hold bitcoin, i would spend it, so spending it on genesis is my method to hold bitcoin, if i end up losing its ok because i would have spent it anyway

Okay, I see your reasoning behind that. But I still think it's not the best idea :) And keep making them videos.