Editor's note: Cryptocurrencies are unlike anything else in the market... The complex and volatile nature of cryptos can make them intimidating for investors who normally stick to the stock market. But according to our No. 1 crypto expert Eric Wade, the independence of these digital assets offers investors a chance to profit no matter what's happening in the markets... In today's Masters Series, adapted from the July 23, 2021 issue of our free DailyWealth e-letter, Eric talks about a "piece of the puzzle" that sets cryptos apart from any other asset class... discusses the ongoing bull run in the crypto space... and details how investors can use mining to take advantage of this unique technology...
The 'Lightning in a Bottle' That Makes Crypto Unstoppable By Eric Wade, editor, Crypto Capital What is it about cryptocurrencies that is so powerful? Blockchain, cryptos, tokens, all of it... What is it that is so powerful, that in the midst of a looming recession, not only are people holding on tight (or buying more) but actually debating how long this bull market will last? What other asset class would there be a question about this? Today, I want to share a glimpse of why crypto investors are willing to hold through all of this economic uncertainty – and one big reason why this asset class is completely different from anything else in the markets... What is it about cryptos that is worth holding on to as an investment? We'll start by talking about an issue that doesn't get talked about enough... mining.
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Mining cryptos can be difficult. And depending on several factors – if you're mining a popular coin, or if you have old equipment, or if your electricity is expensive – it can be difficult to make a profit from it, too. But it can also be just downright difficult. It can take thousands of different configurations to mine a particular coin with a particular algorithm. Miners need a computer with multiple graphics cards. It could take three working all day to crank out $3 per day of Ravencoin, for example. Most people don't have the patience for this – let alone setting up the machine – so mining doesn't get much discussion. Even if you ran it all year, you'd have just about $1,000. Yet mining is one aspect that not only makes cryptos different from everything on the planet... but makes it unstoppable. Folks who want to mine crypto can use tools and websites to find out if it's worth it. The websites can account for factors like processing power, what you pay for electricity, and which exchanges you're willing to look on. They then come up with what's worthwhile to mine, calculating the revenue and profit per day. In this way, miners can accumulate coins cheaper than the market price. And what's the payoff? Well, in our example from before, you end up with $1,000 worth of Ravencoin that has never touched an exchange. If you wanted to, you could build your own wallet, have the algorithm mine the coins into that, and then they're yours... free and clear. This is what makes crypto unstoppable. Again, it takes patience. But it's available to anyone. Would-be miners can go on eBay and easily find the equipment they need. And then, they can accumulate crypto on their own... having never touched a bank at all. This is the independent nature of cryptocurrencies. This is what makes this asset class different from anything else. We see this whenever the powers-that-be try to put a stop to crypto. Mining isn't super profitable now. But it did become much more profitable in the recent past for bitcoin – because China tried to stop it. Mining profitability shot up because hash rates dropped. So we can see that if individual governments ever did try to stop this unstoppable technology, miners would clean up. The fact that you can have off-the-grid cryptos is one of the facets that makes this technology so valuable... And boy, believe me, if someone has gone through the time, the energy, the work, and the patience to learn how to mine and set it up for themselves – of course they're not ready to give it up just because the price drops. This is only one piece of the puzzle. But you can see why an ongoing bull run isn't where the story of crypto ends... not by a long shot. We as crypto investors deserve all the upside we get. And it's not because we're lucky. I don't believe anyone in this space succeeds out of pure luck. It's patience... and tenacity. And most important – it's evidence that when it comes to cryptos, we are truly holding lightning in a bottle. Good investing, Eric Wade
Editor's note: Eric's willingness to remain patient throughout his career has helped him close out 723 positions for triple- and quadruple-digit returns. Plus, he has delivered huge gains for his subscribers – including more than a dozen 10X winners in the past five years. Now, he's stepping forward to issue the most urgent warning of his career... You see, three major profit catalysts are converging in the crypto space right now – potentially opening the door for generational wealth for investors who are paying attention. That's why he's hosting an online presentation on Wednesday to reveal how investors can position themselves to take advantage of this unique setup. Click here to get the full details... | 
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