A Penny Saved is a Penny Earned: Benjamin Franklin
As true as it was then – As True as it is NOW!
With the majority of the Human Population believing a penny is worthless today, I’d like to reexamine its value and re-educate the masses that Franklin's famous quote of past is as Valid today as back then.
Example:
$5 worth of Bitcoin (seven years ago) – is worth $4.4 Million dollars TODAY!.
$100 worth of Litecoin (one year ago) – is worth $30,000 TODAY!
17 cents of Ripple (TODAY) – is worth $**.** Future?
There basically are two ways to capitalize/profit on the exponential growth of Cryptocurrencies.
* Hard Cash Forex Trading - Potential/Very High Risk
* Cryptocurrency Mining – Practically - No Risk
With the high-risk associated with investing One’s hard earned dollars, my frugal and safe strategy/recommendation is to learn and develop the skills for Mining Cryptocurrencies without forking out CASH. The nominal cost associated with mining are typically only electricity, computer hardware, incidentals and the value of associated with One’s personal time.
I’m not going to address the detailed process in this Blog associated with procuring this venue. But I will elect to communicate a light overview of my “Best” strategy that I believe will produce fruitful results as based on the current environment of Cryptocurrenies. Simply... Focus on Mining the up-and-coming penny currencies being promoted by experts and hope they trend in a positive direction as illustrated by the two examples above.
It's more difficult to mine the already higher dollar value currencies, using personal computer hardware, due the the difficulty in acquiring enough shares that would have any potential value. That’s why I recommend Mining these inexpensive Coins/Tokens because they accumulate at a much faster rate than the already high-end value currencies.
Example: Bitcoin – A personal desktop home PC back in 2009 could mine multiple Bitcoins in a single day. Today using the same specs as associated with the PC back in 2009, would require 1,200 – 1,300 computers running Twenty-Four hours a day for an entire year just to produce ONE Bitcoin.
Scenario, is similar but not as dramatic for penny valued currencies that are up-and-coming (different features, enhancements, technology, etc) available today for mining quantities of coins quickly.
However, companies offering – Cloud mining (especially if exploiting the free-offers) offer opportunities of acquiring the higher dollar Coins such as BitCoin.
This is just a quick/overview of my strategy for making BANK without laying out investment dollars that could potentially be lost and not recovered.
This is my STRATEGY defined: "A Penny Saved is a Penny Earned"
