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Cryptocurrency For Dummies - 101 - Business (1) - Nairaland

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Re: Cryptocurrency For Dummies - 101 by Lagrangian: 7:40pm On Sep 08
Ganjafama:
How good must one's capital be to make good profit?
It depends on the altcoin you are trading. Is it a low satoshi coin or high ones.
But having nothing less than 300$ will be a good start to making good profit. And don't sell your profit at earlier srage, always reinvest to make much more.
The Op can give his opinion on this.

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Re: Cryptocurrency For Dummies - 101 by HDSams: 8:09pm On Sep 08
Lagrangian:
Great job here bro.

Thanks bro. Funny that the anti-spam bots gave me some days ban when I tried updating this thread with info on how to mine. I already trade on both platforms. But I have a preference for Poloniex. I fill it is more stable. And I am more of a long term investor. Thanks all the same.
Re: Cryptocurrency For Dummies - 101 by HDSams: 8:12pm On Sep 08
Hello guys so it is the same OP. This is my alternate account which was supposed to be strictly for my diesel brand - I am a mechanical engineer on the side (*winks*). I tried updating the thread with mining info and got a ban from the anti-spam bots. That account will be opened in 3 days time. But in the meantime, I will update this thread with this.
Re: Cryptocurrency For Dummies - 101 by Lagrangian: 8:25pm On Sep 08
HDSams:


Thanks bro. Funny that the anti-spam bots gave me some days ban when I tried updating this thread with info on how to mine. I already trade on both platforms. But I have a preference for Poloniex. I fill it is more stable. And I am more of a long term investor. Thanks all the same.
Okay, good to hear that but I'm just bias towards Bittrex though because they have more coins and the charges are so insignificant and friendly plus the user interphase.

Bros, patronise either to buy or sell your Bitcoin. My rate is good.
Re: Cryptocurrency For Dummies - 101 by akashi01(m): 4:39pm On Sep 09
Get your verified UAE | US | SA PayPal account in few hours.




Number on Signature.
Re: Cryptocurrency For Dummies - 101 by oyelamitaiwo(m): 6:46pm On Sep 09
for your instant funding of your wallet after making payment for your TBC watsap 08036522467
Re: Cryptocurrency For Dummies - 101 by wakes(m): 7:25pm On Sep 09
Great thread! Thumbs up, OP.
I keep seeing people with thousands of dollars worth of coins for sale and I am like, how are they getting them?

At a point I gave someone money who says he mines, trades coins. He promised 500% returns after 74 days. So now that you are explaining this here, I will learn and possibly contact you for mentoring.

Once again, thanks for the good work.
Blessings!
Re: Cryptocurrency For Dummies - 101 by divapinky: 7:39am On Sep 11
The billion coin wallets with 20,50,100,200,459,500,1000,2000 and 5000 available at very affordable price call me on 07038507805
Re: Cryptocurrency For Dummies - 101 by Dollabiz: 8:19am On Sep 11
Thank me later
Re: Cryptocurrency For Dummies - 101 by armadeo(m): 12:04am On Sep 14
HDSams:
Hello guys so it is the same OP. This is my alternate account which was supposed to be strictly for my diesel brand - I am a mechanical engineer on the side (*winks*). I tried updating the thread with mining info and got a ban from the anti-spam bots. That account will be opened in 3 days time. But in the meantime, I will update this thread with this.

looking for alternate income stream on a casual level. correct me if i am wrong but this is similar to the stock trading? i just buy and wait to sell thats it? or is there more to it?

i would like any further information before i dive in.

thanks
Re: Cryptocurrency For Dummies - 101 by rookidmart: 9:32am On Sep 14
armadeo:


looking for alternate income stream on a casual level. correct me if i am wrong but this is similar to the stock trading? i just buy and wait to sell thats it? or is there more to it?

i would like any further information before i dive in.

thanks

Yeah, similar to stock trading, but without regulations and very volatile, hence more profitable. 1000% increase in less than 30 minutes is possible. The reverse is also possible.
There's insider trading, pumps and dumps, etc.
Re: Cryptocurrency For Dummies - 101 by mindtricks: 4:49pm On Sep 14
divapinky:
Tbc wallets with 20,50,100,200,459,500,1000,2000 and 5000 available at very affordable price call me on 07038507805

Which one be TBC again,
abi you mean TSC, THE SCAM COIN?
Re: Cryptocurrency For Dummies - 101 by divapinky: 12:27pm On Sep 16
mindtricks:


Which one be TBC again,
abi you mean TSC, THE SCAM COIN?
not tsc Tbc the billion coin
Re: Cryptocurrency For Dummies - 101 by toastedbread: 1:32pm On Sep 16
haven't had time to put it out but always be security conscious with your laptop.
i had an online breach and lost $1200 worth of btc due to my carelessness. i'll drop my experience soonest so someone can learn.

1 Like

Re: Cryptocurrency For Dummies - 101 by kdfinest(m): 12:32pm On Sep 22
following
Re: Cryptocurrency For Dummies - 101 by JustCryptos: 9:40am On Oct 03
Okay guys. I apologize for not updating this thread in the last few weeks. Even though I had my post ready, I kept getting ban by the antispam bots and this killed my morale. Work and travels have also held me down.

Note: Please pardon my errors. I am typing this on my mobile phone and the details are primary as they come to my head.

Now, I am supposed to talk about mining cryptocurrencies. Here we go.

Some weeks ago, a Nairalander created a thread on how someone tried to scam him of #8,000 under the guise of selling him one Tas miner that has the capacity of raking in $100 daily. Do the maths and in 1 month, this person should be earning 900k without working.

This is the foundation of my post today. Any promise of ridiculous and mouth-watering earnings from mining bitcoin or whatever coin is a pure scam - it doesn't matter which company is promoting it. Now let's dive in.

There are two ways to make money or rather earn Cryptos from mining. First is could mining and the second is local hardware mining. I will focus on the former because I am actively involved in it i.e. cloud mining. But first let's quickly give a rundown of what hardware mining is all about.

Just like mining for gold and other precious metals, you need certain tools when mining Cryptos. The tools of your trade will consist of a mining rig, a mining pool, and a mining program. In layman's terms, you are coming together with a group of people to solve complex algorithms. The higher you go, the more difficult it becomes (okay that's not so layman, haha). You can decide to go solo mining but be ready to invest $5000, which you may not recoup in 18-24 months. NEPA and crappy systems puts Nigerians at a great disadvantage when it comes to hardware mining.

Take this from me, it is impossible for an average Nigerian to mine "Bitcoin" profitably in Nigeria. If you want to mine, please focus on other coins. Let me put this in perspective.

I have 2 fairly decent laptops. A Dell Core i7, 8gb Ram, 500 SDD and an HP 255 with similar specs; Quad core though. In addition to this, I have almost 24 hours of power supply, thanks to Ceejay80.

I have tried joining a mining pool and running both systems plus my phone for 48 hours. I didn't get up to $1. So please and please anybody promising you quick BITCOIN with little investment is a fraud.

Ant router miner R1 mining eight is around $40 and you won't make up to $1 in a month. Antminer S9 is $2000. And I am certain you can't risk that much. I will however set up a mining rig for alt coins one of these days.

Niko hand done dey pain me. I will update this and talk about cloud mining in my next post.

1 Like

Re: Cryptocurrency For Dummies - 101 by JustCryptos: 2:20pm On Nov 10
Hello guys, how are you all doing. I apologize I stopped posting. For some reason best know to the anti-spam bot, I keep getting a ban when I try making a detailed post. Also, I have been super busy in the last 1 month.

I just had to stop by to drop this here.

If you are interested in cloud mining of Ethereum and Bitcoin (this is coming soon) on life-time contracts, please PM me or drop your contact and I will message you. Please note that I am not selling Bitcoin or anything to you, or asking for fees - buy from reputable sellers here (if I do, you can come back here and leave a review).

I hope I come back soon to update this thread. Until then, remain blessed.

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