Bitcoin Forum

Hey all,

I have a 1000$ 'budget' to invest in BTC/alts.  I already have some mining gear (2.7 Mhs total) and I'm not that great at trading, apparently I can only get coins that immediately go down in value. :!

So if you were in my situation, what would you do with 1000$?  There's just too much stuff to read/learn for me to make timely decisions and I don't want to miss a good opportunity. Can I get into a buying group with that money?  Are there bonds I can buy instead?

What would you do?  Thanks for any advice. :)

Buy 7.5 Bitcoins.

Buy bitcoins, and invest half of them in ASICMINER (https://btct.co/security/ASICMINER-PT).

Only problem is that currently ASICMINER shares are quite expensive, so you may want to wait 1 or 2 weeks to see if they go down.
Of course, they might go up instead.

That said, I never invested large sums all of a sudden, instead I gradually bought some coins once per month, more or less.

Use BTCT-CO (http://btct.co) (Think NYSE for bitcoin) to invest in ASICMINER-PT.

Id go to the casino with $500 and see what I can make with that. Then probably buy some shares or something.

Given the track record of the bitcoin community, those two are not mutually exclusive.

I'd invest half directly into Bitcoin. The other half I'd put in slightly riskier Bitcoin investments. Maybe some ASIC miner shares, Bitcoin Global shares, or some Bitcoin mining equipment. Your return probably won't be as good as if you just invested directly into Bitcoin but you would be helping to support the network and the larger Bitcoin economy.

Also, I would suggest against investing into 'alt' coins. With the state of things right now groups are hyping up new coins, then selling once they hit a desired price leaving newcomers holding then worthless coins. If you really want to invest into one of these coins, do your research. Find one that has particularly favorable and inventive attributes. Most importantly, it needs a good development community supporting it. Without that it's probably just a pump and dump coin.

Invest in education "Trade crypto currencies"  ;)

Wrong: if the investment itself is bitcoin-denominated, if BTC appreciates in value, your investment appreciates too.
So you get the dividends on top of the gain from the better exchange rate, at the price of having more risk.

$500 in mining equipment, $500 in BTC

I'd buy a few very old ATi cards, say 5850, and build a farm. Or just invest all money on forex traders. Or, as an option, buy a few bitcoins and 1-2 video cards for mining.

Buy two ipad 2s, write an istore mining app, start mining at 2 x .08 Mh/s, spend the rest on beer.

All sorts of great... hm... advice, guys :)

Honestly I expected to be hit with more scams than that! :D


ASICMINER shares (or similar) look like the best bet so far, I will be on the lookout for those. I really appreciate the 'compound interest' possible in reinvesting, probably the only way to offset difficulty increases in most mining operations.


Dude, it's much cheaper if you get them from a BTC p2pool!  Also you get some free time while they wait for confirmation.... ;)


I've been purposely avoiding buying BTC directly.  Not that it's a bad investment, just that I'm a bad investor - I'm just not comfortable risking that kind of sum on trading yet. That's why I prefer bonds or mining, returns are much easier to compute.  Spending 'real' money to buy entirely virtual BTC bumbs into my natural risk aversion!  But I can see the point, if I'd bought 1000$ of BTC yesterday morning, I'd have 1016$ worth today, the same return I'd have in a day from 2000$ worth of mining gear...

So alt coins are right out. Only BTC & LTC for me, till somebody hits the right algorithm (or I code my own)! :) I actually mined some TRC and WDC, I think TRC was a fluke (leftover ripples after the adjustment) and I'll probably never sell the WDC at the price it cost to mine it. Live and learn - in small incremental amounts!


Why TWO ipads?! Although... You just gave me a brilliant idea!



Thanks for the advice people, good to know I'm on track!

Indeed  ;D

Buy another 7.5BTC or invest in a startup

Invest in my game ;P

Andy B

Find a girlfriend, have some fun.

two chicks at the same time

Go to the bank or local fish market and get $1,000 in nickels, then sort them by date while drinking iced tea.

Buy BTC

Buy BTC and invest in shares.

Or simply just trade on the BTC exchanges themselves - buy low sell high...

Spend half on buying bitcoins, half for buying video games and other stuff :p

I have to second this.  You want to make money with your $1000?  BUY AND HOLD BITCOIN.

if i was given extra $1000 per month to spend, i would go for $500 additional gpu power, $500 goes to BTC and invest it on bitfunder

I think invest it in sites that accept bitcoin or litecoin.

You can dump that into someones account that could really use it like ehhh ummm me and the kittens I help rescue!

Address below vv