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TLDR - I'd be buying more $billy if you're lucky enough to snap some ~60 satsβ€οΈβπ₯ #nfafa
I'm not really a guy who talks price all too often (at least not here), but now's not a bad time. Regarding $billy, when it was ~85 sats a few days ago, I said in a discord, 'gun to head I think it sees 60 before it sees 100' - a few people were like no way. Maybe, maybe not, let's see.
But, but, I do think re-testing that strong 50-60 sat support would be the best thing that could happen to $billy right now. There are so many that missed it the first time around and would get a rare 2nd chance in this life.
As I've intimated many times, fundamentally @billydollarcat is built to succeed and will succeed, imo it's inevitable at this point, like #bitcoin itself. That train has left the station for me, full stop! And because of that, I'm not worried about the price in the short term.
The #1 goal atm, as I see it, is adding as many new holders as possible, even getting lots of fudding kol's on board - which will help make price discovery later on a bit smoother.
The more evangelistsπ we can onboard (to help spread the message) the better it is for all of us when true price discovery begins [and where more Fud will be slung at us].
So, here's to revisiting 50 sats. Chin chinπ₯
Tomorrow is Wednesday. I think I can still make it to the weekend. Can you ? Maybe we all need a bit more #memecoins. Buy the dip. #NFAFA
So who else buying $YSL on Solana?
#Nfafa
Great fucking job @DerpBirdsNFT
All I understood is...
BUY MORE #DerpBirds ASSETS!
#NFAFA #Cardano #CardanoNFTs
#CardanoCommunity
The future of Derpetonia is secured! π€©
Last week we placed the orders for our 158 ASIC miners, today we bring you the breakdown of exactly what we ordered, and why.
Some factors we had to account for when deciding on what to order:
π The Bitcoin halving in April of next year
π A new Bitcoin miner coming soon
π Balancing risk appetite/tolerance
After much internal discussion, consulting with the @GGMC_nft team, and some of our own research, we landed on the following:
β½οΈ 73 S21s for mining BTC
β½οΈ 52 L7s for mining DOGE or LTC
β½οΈ 12 D9s for mining Dash
β½οΈ 11 X5s for mining Monero
β½οΈ 10 K7s for mining Nervos
π 73 S21s for BTC
This was the toughest decision.
These machines come out in February which means they won't be running for our initial 90-day compounding period, however, we believe this was still the best decision because:
β½οΈ The Bitcoin halving happens in April which could render other BTC machines unprofitable
β½οΈ These S21s give us a huge advantage over the long term and put us in the best position for when the bull returns
β½οΈ BTC is the safest option to mine overall so these miners make up a large portion of the overall machines that we ordered
You'll see later in this post, we've also adjusted our compounding strategy so that all machines enter a 90-day compounding period regardless of when they are brought online.
π 52 L7s for LTC/DOGE
These machines have been quite profitable as a machine that can dual mine both LTC and DOGE, allowing us to choose the mining allocation.
We expect this to be our most profitable group of ASICs on a per-machine basis in the short term, while also being a relatively safe option due to the proven track record. LTC already had its halving and DOGE does not have a halving.
π 12 D9s for Dash, 11 X5s for Monero, 10 K7s for Nervos
These 3 are considered our higher risk / higher reward plays.
While they are lesser-known altcoins and therefore have the tendency to have higher fluctuations in price, the current profitability, as well as the profitability if they return to all-time highs, have the potential to be very beneficial.
These were chosen as a way to both improve the effectiveness of the compounding period and to raise the ceiling on earning possibilities in a bull market.
---
π Our compounding strategy
With our BTC miners not being available until early 2024, our compounding power will be somewhat diminished until then, so we're adjusting our compounding strategy to give ourselves a greater advantage over the long term.
All machines, including the S21s that we pre-ordered for February and any machines that we order in the future, will go through their own 90-day compounding period as well.
The result is that we end up with even more mining power.
As we compound profits into new miners, we'll be working towards a few goals:
π Acquiring even more S21 ASICs for mining bitcoin
π Saving up for purchasing L9 (the next version of L7) while listening for industry feedback on reliability, performance, and shipping details
π Watching our other altcoin ASICs to see whatβs performing best and adjusting allocations with compounding money appropriately
As always, we'll be working closely with @GGMC_nft to help us make decisions that are aligned with our goals.
---
A huge shoutout to @Lkaram98 and @amj__126 from the Derp community for lending their expertise to us as we've made these decisions π
And as always, thank you to the @GGMC_nft team for working so closely with us to help us find the right solutions that align with our goals!
@Freedom_35ers @BadFinAdvice @CornucopiasGame @futurefestxr @virtuallymade @claymates @LayZtee_ @TheBodidlee @EmperorDuder #nfaFA π
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