I'm new to crypto trading and was told by a friend that they mine Etherium and rent servers to maximise profits.
Is this still the way to go nowadays?
How do you research the next big wave, and what tools do you use to execute trades? Do you use these tools through hiring servers for the extra compute?
Tough to say if ETH will be the one big smart contract platform. NEO and STRAT are still in their infancy comparatively and could one day beat out ETH
Bitcoin and Ethereum are the only cryptos big enough to be traded directly with other cryptos, without interfering with each other.
How did you get into this game, and how much would someone need to invest to see some results?
What should I be doing now to get myself making some coin?
Neo and Strat are vaporware. >>3028076
Eth will always be a safe bet and will still grow. If you want a safe bet with 100x potential, get ICN. I'm not gonna sit here and shill you on it tho.
>>3028365
In March I wanted to mine bitcoin, but the gear was too expnesive. Did some research in buying some on exchanges and saw they sold Eth as well as Btc. IT was about $19 at this point. Few days later I put $2k into it at $40 each and watched its 4000% pump and sold at 350. Made about 14k in 3 months, but I did really no research before the fact, Only saw it going up. I probably wouldn't do it again without resarching.
Despite what people tell you, altcoins really are a spray and pray mentality. Unless you do the research and believe in the product, dont invest. Diversify with btc and eth
>>3028380
is that why NEO already has 2 ICOs going onto their vaporous, nonexistant platform?
How would you compare this form of trading to say the stock market or foreign exchange trading? Would this be more in line with HYIP risky type investing?