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RE: Awaiting Genesis Mining

in #happyface8 years ago

I reread my post and decided to delete it. I think I gave the wrong impression about my background. I am planning to go home near my parents to save a bit more so all this is just temporary.
I am actually well off, I work in a consulting firm that does a lot of building specifications. How buildings are made and the rules/regulations to follow. I am specific to MEP- mechanical, electrical, plumbing, and fire protection.

I am in crypto in hopes to get a passive income but as the days goes by I am learning that it takes many hours in work to actually accumulate some real assets in crypto. I am striving to learn more about programming so that I can better leverage the opportunities that are out there.

I may take your idea of storing bitcoin as that was also my thought. Spend some on a ledger nano wallet and store the rest for many years to follow. Thanks.

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Hey thanks for sharing. I like crypto for a few reasons too, one of them being in the hope to get a passive income also. So far, I have invested quite heavily in the lending platforms and all of them are paying very well at the moment. Bitconnect generates hundreds of dollars a week which is great. I know full well though that any/all of these sites could shut down without a seconds notice so I am weary. I also like to make YouTube vidoes about crypto in general and about all these lending platforms so that if people choose to invest they do so knowing the risks involved. I hate all these YouTubers that push people to invest so they get referral money without identifying the risks involved. that annoys me!

But yes, I think definitely just buy some Bitcoin, maybe some Litcoin, ETH, DASH and XRP and put a copy of the wallet files onto a couple of USB drives and lock them up. In 5 years time I bet all of those currencies will be worth a lot more than they are today!

Yes the ledger nano s is perfect to what you describing. I think once I can get enough bitcoins to buy a nano I will do so. The limitation is four types of coins so I would be saving Bitcoin, ETH, DASH, and probably ARK. I am also interested in passive income but in a safer approach by doing proof of stake. I also like ETC so can't decide my top four.