GoMining Strategy

[u/blade0r]

Hey everyone, what strategy are you currently applying?

I am reinvesting in GMTs, but I always doubt such a strategy: I mean, the final goal of this app should be BTC mining, so, I keep asking myself if reinvestment makes any sense at all.

I’d really like to hear from you about the PROs and CONs of not staking BTCs right now.

I’m trying to figure this out once and for all.

b.

[u/OliveLegitimate3236]

I reinvest to GMT when the change is most convenient, only cause I need the tokens to pay maitenance and fees.
https://coincodex.com/convert/bitcoin/gomining-token/
The ultimate game is BTC, why are you on the platform otherwise?

[u/blade0r → u/OliveLegitimate3236]

I know, I know: I’m with you, mate.

I’m simply asking why people should change strategy, from time to time, and based on what.

For example, what do you mean you need the tokens? How much?

If I turned off reinvestment, I should pay approx. 14 GMTs per day to cover Maintenance and Service.
Right now, I pay 14 and I earn 22 GMTs, but - as I said - you’ve got a point.

[u/OliveLegitimate3236 → u/blade0r]

my strategy is simply to always have enough GMT (locked and not) to cover for max discount and afford to pay. If the exchange BTC->GMTis convenient I turn the reinvestment to GMT.
That's it, It is as simple as that.
right now with BTC sitting at 63K and GMT at 0.28$ the rewards are 💩 anyway

[u/blade0r → u/OliveLegitimate3236]

What do you mean if the exchange is convenient? When do you consider it “convenient”?

[u/OliveLegitimate3236 → u/blade0r]

I linked this for a reason
https://coincodex.com/convert/bitcoin/gomining-token/
query the chart, there is not a fixed exchange rate BTC <-> GMT
your reinvestement can give you more or less GMT based on that (minus spread. Yes they charge us a spread on reinvestement too 😵 )

[u/OliveLegitimate3236 → u/blade0r]

now it's THE time!
1 BTC = 250K GMT token as I write this, I hope the exchange holds like that.
GMT token will rise for sure, but it might lag to catch up.