I lost on Axie 50% of investment , on BNB almost 25 % , on BSW 25 %… I am mining KDA but not making lot of profits… Any opinions ?
In EU , money is very cheap , in few countries , is just that you have to pay if you have money on savings account… Ok FED increase interest rate …but this … I didnt expect…
I am holder , i will hold , but any I would like to hear second opinions ? So please give me your comments
Thanks
The market has been bearish since the beginning of 2022. No matter what others say, crypto will move together with current financial market. It’s been like that for the past several years.
Now is the time to hold on to quality projects that actually deliver and not based on hype and speculation. There are many shitcoins on the first page of CMC. Many will probably not make it back to previous all time high and many will die out slowly. Bear markets like this is actually a gift for many of us. It teaches us to be patient and also to quickly realize which company is good and bad.
Warren Buffett once said, “When others are fearful be greedy and when others are greedy, be fearful!” Since my objective with this mining business is to aquire as many premium ASICs as possible, that’s what I am doing! I would honestly rather buy these machines while crypto is down then at all time high! Kind of like buying a stock, the cheaper you buy it, the less risk it holds!
I am not holding any tokens as everything I have is going to loans and electric but that one day when BTC is at 60k and KDA is at 25, that will be the day I am glad I bought these bad boys half off!
Hopefully this is a positive angle some people might be able to use as support.
Invest only what your able to lose and Don’t get greedy and you’ll find ways to have fun… bear or bull market… whether you got in during the high or low… the key is not to get greedy!
Don’t look back, perhaps you got in during the high… but without the high, would you have gotten interested in Crypto in the first place?
So who cares if you bought a miner at premium price. Just mine away and hold. By doing so, you’re dollars cost averaging the token and supporting the network.
Just don’t get greedy… invest only what you can afford to, and have fun!
I am totaly agree with you all … But I have second doubt… What do you think is better to buy coins or miners now… It seems that prices of miners arent droped yet to affordable level… L7 has still same price, KDA miners droped , but K1 + is on 30 months ROI now still and there is to be realised K1 max on market and more of KD6 , that will increase difficulty…
Any opinions on this ?
Thanks
Answer is simple:HODL
I am hold 
But question is miners or coins ?
Of course miners,cuz they are very cheap now
Coins do better
Miners r much more fun:)
I also think that currently coins are do better… then miners , for expample with KD6 you can mine 5000 KDA per year ( with cost of power ) … And for 13500 usd currently you can buy 5000 KDA , and price of KD 6 is 40000 usd…
And wait to price goes from 2,7 to 7-9 usd and you made 200% profit…
I know that crypto follows stocks, “mainly the tech sector”. But look at the daily chart I see a strong support and a fight to keep at or above the previous higher low last July at 28k. I would be tempted to say that if she holds this strong till some negative catalyst are gone such as the worries of the fed Paul Volkering us in a 75 BP hike or not seeing inflation numbers subside “as they are now in a reflection point down”. Then we could consider this a consolidation and a break out to the upside!!
Not so optimistic … I will wait until 23 may at that time I will confirm negative trends on market …and then I am start to buy coins … I will probably first buy coin that I can stake , that will defend me from price drop ( Axie , BSW , some others …) and I hope to buy 10 000 KDA at price of 1 USD , rest goes to stable coins …
Or if I get some good prices for miners i will buy miners , expecialy ones that have lower energy comsuption… because prices of electricty will go up in next 2 months at every country in Europe…
Coins right now, but small amounts as I genuinely believe this isn’t the bottom and could have quite a bit more to go potentially, as you say the prices haven’t shifted for miners!
That is why I will wait 10 days more then start buying… also small amounts
yeah im in the same boat i got roughly 1k to spend and eyeing kda if it hits 1.00 per i will get that or well heck even if doge hits all time low , and well just let it sit , the situation atm is volatile with world tension , inflation and shortages in various sectors , so if you do invest in this market , be prepared to be in for a good while
I am in this for years … And it was good for now but … situation doesnt smell nice now … I am watching tera , and ust … OMG … what a drop … It seems that investors will lose faith in stable coin as TerraUSD…
I’ve lost 80% on Axie, 25% on BNB like you, 80% on Time/Wonderland, 100% on Ring Nodes, 60% on Jade Protocol, 92% on Emerald nodes, about 50% on VaporFi and the losses due to price drops on Bitcoin, Ethereum, Avalanche, Sandbox and others.
The lesson I learned is don’t invest in DAOs or “Node” projects again, and not to invest in projects on the Avalanche network (fees are way higher than on the Binance Smart Chain but way lower than Ethereum fees).
I’ve also lost money on DRIP and Drip Garden due to the price drops (I bought into DRIP when it was about $130!). I’m taking a long-term gamble on the DRIP ecosystem that it will eventually turn things around but whatever way it goes, my initial capital is gone.
I’m looking at getting into YieldNodes which uses real nodes (servers) rather than “Node” as marketing-speak for “investment” plans. They’ve averaged 10% return per month over the last 2+ years. Less appealing to our greedy natures that seem to like high APY/APR returns, but much less risky and much more sustainable.
I’m also in Cash FX which, while not strictly a crypto project, does take deposits and issue withdrawals in Bitcoin. This one’s been solid for the last year I’ve been in it returning between 0.5% and 1% per day (weekdays only).
I also want to get into FLUX at some point, but until the markets recover, I’m not going to buy in with my existing crypto.
