As Bitcoin (BTC) continues to languish far below its December high of around $20,000, speculation is rife as to whether this is the sound of the bubble bursting.
The incredible recent volatility in BTC prices has in no way diminished the interest of investors, who are pondering what 2018 has in store for the world’s most popular cryptocurrency. Can it repeat 2017’s astonishing return? Are recent price swings based on the cryptocurrency’s actual utility and value? Or are they, rather, the result of speculators jumping in and out for quick profits in an overheated market that, in fact, needs to cool off?
Mike Novogratz, a billionaire former hedge-fund manager who left his position with Fortress Investment Group to start a $500m cryptocurrency investment fund, believes bitcoin is “the biggest bubble of our lifetimes”, as he recently told Bloomberg. “Prices are going to get way ahead of where they should be. You can make a lot of money on the way up, and we plan on it.”
Now, if you are a savvy trader who thrives in an increasingly volatile market, then this is just the news you’ll want to hear. But what should you do if you are just starting out or don’t have the time or expertise to carefully follow and capitalize on every bitcoin price swing?
A crowdfunded bitcoin mining project called Miner One could be the answer.
By mining bitcoin with Miner One instead of simply buying it outright, you insulate yourself from these increasingly wild market fluctuations and enjoy much steadier returns. Nobody can say whether it will still be possible to achieve returns like last year’s by simply speculating in bitcoin. And will you be able to “time the market” as it fluctuates? Think about this: if you bought bitcoin at $20,000 just one month ago, as things stand today, you will have lost more than $10,000.
On the other hand, whether a bitcoin is worth $10,000 or $20,000, if you have mined it, you are still making money – without all the stress of having to follow the ups and downs of the market 24/7.
Check out the Miner One calculator, which shows you how much.
And, unlike that miner in your basement or garage, Miner One is top-of-the-line hardware in a safe and secure facility set up and managed by industry experts with access to ultra-low-cost electricity.
“We have access to the lowest industrial electricity rates in Europe: only 0.065 per kWh,” says Miner One CEO Pranas Slusnys, who has decades of experience in the data center industry. “If profitable crypto-mining is your goal, Miner One offers optimal conditions.”
Join the cryptocurrency revolution. The Miner One ICO starts February 15. For more information, please visit minerone.io.
What are your thoughts on the Miner One platform? Do you plan to participate in the ICO? Why or why not? Let us know in the comments below.
Images courtesy of Shutterstock, Miner One
The post Bonanza or Bubble? Insulate Yourself From Bitcoin Price Volatility appeared first on Bitcoinist.com.