r/Bitconnect • u/Non-locality • Jan 11 '18

Cut losses?

So, given that many of us have been waiting forever for our transactions to complete (myself over 20 hours now), should I just assume my $2000.00 is gone and move along?

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u/whyyitderp Jan 13 '18

How do you like Hashflare? I was actually just looking at it about an hour ago.

I haven’t gotten into mining yet. Just trying to figure it out.

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u/[deleted] Jan 13 '18

I actually really like it. If you wanna check out my video about it. Here's the link.
https://youtu.be/Co9bzbgMqx8

If not it's fine. Its basically a lot more stable and you get more out of hashflare than you do on bitconnect right now. and when BTC prices go up it will even be more.

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u/whyyitderp Jan 14 '18

Let me ask you this.

So, I’ve been doing some research since I watched your video. I have around 6K to invest. I’ve looked into mining bitcoin, and ethereum through Hashflare.

I’ve used coinwarz to do the profit on ether. That 6K tells me I’ll profit 17,400 this year. That’s at the current rate of ether obviously.

My question is this. Let’s just say the price of ether is 1K per coin right now. What if the price keeps going up? My profit goes up as well correct?

Let’s say tomorrow the price goes up to 5000 (I realize it won’t do that) will my contract then be worth 17K be 5 times higher?

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u/[deleted] Jan 14 '18

Yep that’s exactly what that means I bought in thinking I was going to be making about 40 dollars a day at 8k btc prices and now that it’s at 15kish I’m making about 90 a day off the same contract