ETH, SOL, DOT are all wannabes – period. The only purpose they serve is hype and speculation (from Bitcoin’s transformational excitement) and pump and dumps. End of story.

ETH is a failed experiment by some young dude that thought he could “make a better bitcoin that does more things” and then sold a bunch of his eth FOR BITCOIN. “please standby, trying another upgrade to patch holes and try a fix experiment with your money – maybe next year”.

There is no actual use case for any of them period. “OMG ! I can buy a kitty cat cartoon or a human looking worm pic thing” that comes with a fee equal to a week’s worth of groceries.

You may be put off as I speak like this but I do not bs my way around obvious facts.

Sooner or later all alts are going to 0.

Lightning is so cheap it’s nearly free and can handle like 25,000,000 transactions per second.

Visa does 1500 and mastercard 5000.

A big whack of on-chain transactions (each it’s own LN channel open or close with perhaps a year or more worth of LN transactions in each one) can all be bundled together (starting in Nov with taproot upgrade) into one single transaction settled to Bitcoin (a totally decentralized secure network of energy).

You literally won’t be able to tell if a bitcoin transaction is 1 transaction or thousands of transactions containing thousands of transactions. Wrap your head around that power right there! Freedom and privacy abound.

Billions of dollars worth of commerce can be settled to Bitcoin for pocket change.

The race to “cheaper faster” is OVER.

Bitcoin is truly decentralized money and wealth storage controlled by no one. It’s time has come. It is rapidly expanding and eating everything in it’s path.

Most of these alt projects are where the scams, greed and tomfoolery exist. Don’t buy into the “complex promises” they make on their fancy project websites urging you to run and hurry to an exchange and trade your dollars for the “tech of tomorrow”.

For settlement, Bitcoin’s mempool is rocking, even at $63k and a flurry of activity, fees are low as they can go 1 sat/vB (virtual byte) to jump onto a block.

Check it out live: https://mempool.space/

I believe bitcoin mining will beat HODL over the next 6 months to few years. The math is simple and has smart money salivating for a piece. If you’re reading this then you are smart money. 🙂

It appears to me there are many companies just now trying to put together big bitcoin miner orders with waitlists etc. In my opinion they may be late to the party. They’re way behind today unless they already ordered and paid for lots of miners.

I doubt there are any Bitmain s19j pro bitcoin miners sitting idle anywhere but on a plane for a brief period. These are among the most efficient miners in the world. Light one up and it literally prints BTC.

This is as big as the gold rush.

Large US institutions have already pounced and are setting up shop. They already have lots of big orders of 20,000+ miners in Bitmain’s pipeline so new orders will have to pay at current prices but may not see a single machine hashing until next fall.

Should I wait for a bear market to get miners cheap?

If this is your goal it would be wise to watch Compass’ hardware page. If a bear market comes current miners already setup will be unloading their machines there certified and for sale on their site.

The most optimum thing to happen with a plan like this is for Bitcoin to enter bear right now and crush all these big projects, the hopes and dreams of everyone in the game RIGHT NOW all smashed. You’d get some good prices on bitcoin miners if this happens. This is doubtful at the time of writing this where Bitcoin has recently reached new ATH and consolidated a bit.

If we spend the next 4 months going parabolic then everything changes and a single S19j pro will be $25k+ or god knows how much. Just my guess.

If the future bear market bottom is higher than or ranges around current price (low 60s) the machines will still likely be more expensive than they are today because they’re rare.

How can I compete with big mining companies setting up in the USA?

Many larger institutions have lofty mining goals but I imagine that its a headache with all the regs, permits, political maneuvering and all that entails. I expect large multi-month or possibly year long delays before many of the planned big projects actually light up. I’m trying to beat this with my own miner purchases this year.

The tech is evolving quickly.

There are also many projects being invented and some being used already where these same s19j pro miners are immersed in oil taking 95% of the heat and sound away.

Bitcoin mining energy is being used to heat entire towns, homes and pools etc.

Mining bitcoin is fast becoming the greenest use of energy on the planet.

Immersion miners, flared gas miners and new boiler tech are major game changers allowing Bitcoin to sit on a throne for the biggest driver of green energy ever.

Just get the machines as fast as you can is my advice.

The line is getting very long and starting to wrap around the block. Jump in line somehow if you can. When Compass Mining or similar lists a bundle they sell out quickly. You have to refresh their page regularly to catch.

I expect to be in the green (dollars quicker than BTC 🙂 quite quickly with mining. My calculations show this should take about 6 months. Then the remaining lifetime of each miner is all gravy.

How do I get paid from bitcoin mining?

For bitcoin mining payouts, most large pools pay daily to whatever wallet you provide. Larger pools sort of remove the need for luck. If you have hashpower you will be paid daily in BTC for it with top ups when luck does strike the pool.

Opportunity is now.

Right now and near term may be a once in lifetime opportunity really. By the time a possible bear market plays out many of the large companies may be hashing.

Run your own Bitcoin node.

Instead of trusting anyone to custody or convert anything just get your own node. You’ll have your own live version of Bitcoin running on your desk with your own keys and wallet.

After lighting up a node I have my own trustless bank I can verify with my own live on the fly version of the timechain.

The internet could go down entirely and only the miners and nodes would be left running bitcoin via satellites, ham radio and mesh networks.

What a grand time to be alive! I feel many are severely underestimating the future value of a single bitcoin. I agree with @PrestonPysh that 1 BTC in the future may hold the equivalent buying power of 100 years of salaries.

As if you didn’t feel bullish enough 🔥 pic.twitter.com/kjRrBmsm73

— 1e9petrichor (@1e9petrichor) October 26, 2021

It’s a tough position to be in when trying to time a better buy opportunity for an asset that just keeps going up.

Here is a cool Rainbow Bitcoin Price Chart to help identify buying and also selling opportunities for Bitcoin. It’s live and interactive. Rollover. Check it out here in a new window.

Born at MIT, Enigma has potential to reach incredible highs. I bought some at $1.18 each worth of Bitcoin on December 23, 2017 and the price rocketed over the next few days to $3.67! This is super exciting and just in time for Christmas! The weekend before Christmas, still going strong as I write this, Enigma took over and went into hyper-drive on the trading scenes worldwide.

There are a few different methods to invest in Bitcoin. You can develop a Bitcoin investment strategy with reputable hedge fund managers, simply buy Bitcoin as an investment and invest in Bitcoin mining.