Bitcoin Forum

Hey everyone,

I have around 15 bitcoins and I am wondering where I should Invest them. I purchased some shares from https://www.havelockinvestments.com Any other sites where I could invest my bitcoins?

Invest in a ASIC

This isn't investing, but you could deposit a few coins in TradeFortress' site CoinLenders. You'd be loaning your coins out to those in need and be making some interest.

Thanks Will check it out!


Where could I do this and why ASIC?

You can purchase shares or you can buy a ASIC miner. However, it's a very risky investment.

You can transfer your Bitcoins to an exchange if you're interested in selling some or all of them for short-term trading. The most active Bitcoin exchange is Mt. Gox: https://mtgox.com. Another, smaller, alternative is Camp BX: https://campbx.com/main.php?r=2D63QDP2hvq. I've been pretty happy with both. Mt. Gox has had some serious stability problems in the past, but they've improved recently.

In either case, you can set up an account for free, send your Bitcoins to your exchange wallet, and start selling.

+1 for coinlenders.com

you could also invest in shares in one of the mining companies. I have shares on havelockinvestments.com

Would you mind explaining how and why it is such a risky investment?

He already explained he invested into that company.

As more people invest in ASIC, the more difficult it will become to mine. Therefore it will take longer to break even than usual. ASIC was very beneficial to early investors, but now that's what everyone is doing.

Here 1Jest66T6Jw1gSVpvYpYLXR6qgnch6QYU1 ... what can possibly go wrong?  :o

I also invested at Havelock Investments, but not in their mining fund.

When the bubble burst in April, I was surprised to see the price in bitcoins of Canadian Virtual Exchange (Virtex) shares drop despite the dollar value of bitcoins being at a low. I figured that exchanges earn money whichever way the market turns. The exchange fee is the same for a panic sell as it is for a speculative buy.

I paid 3.5BTC per share for Virtex stock with a dollar value of $27 per share at the time. After recovery, the price rose to almost 5BTC with a dollar value of over $70 per share.

I figured it was the best way to profit from the bubble burst and inevitable recovery without putting any more cash in.

Do NOT go on BTCJAM for sure

Why do you not suggest BTCjam? Is coinlenders better?

I would personally suggest coinlenders, it's a very good site and it's owner is more than trusted within the community handling a lot of Bitcoins every day.

I have had a lot of success using BitFunder.  To fund your account you also have to have a WeExchange account.  I have also used BTC-TC; they allow direct BTC funding, but I usually see higher share prices there.

I think that you should diversify at Havelock: buy some ASICM, HIM, SDICE etc. I would also get some exposure to Litecoins and PPCoins by converting some BTC over at BTC-E.

I little figure  is worth thousand of words
BTCJAM = BTCSSCAM

Majority of people try to Scam others, the website owners do not really help scammed people to get money back.

For sure Tradeforteress (misspelling somewhere in the name for sure) owner of coinlender is much more reliable, and the basic rate is pretty good in my opinion.

You also might consider diversifying your investment by picking up a USB miner.  I have two of them and they are nice little earners, albeit as hot as bunsen burners.

You can buy them here: https://bitcointalk.org/index.php?topic=223916.msg2353374#msg2353374

It looks like kosmo just got some in stock and he is ready to ship ASAP!

Seamless integration with BitMinter mining pool.

+1
Except PPCoins I would stay away and consider buying some shares in some of ASIC groupbuys. Keep 50%+ in cold storage.

it is way to late to get in onthe ASIC games. by the time you recieved your machine you would be behind the curve and you would be unlikely to return on your investment.

Study some sites like http://bter.com and you can buy some YAC its been very stable and hasn't exploded yet.

I guess its just waiting on some more people to become interested in developing it more but has lacked that because the GPU ASIC FPGA farmers wont touch it with a stick because they cant point their rigs at it and thats why no speculators see it cause no one is talking about it but im sure it will change one day its only a month old so watch it it is a CPU focused networking secured currency averaging about 60mhs a day in network hashing

what makes coinlenders the better option?

Those of you with havelock... have you been doing alright with them? I just looked over their financials and they are losing more and more every quarter. They're down to a quarter (no pun intended) of where they were last year.

While that's true for most distributors, I'm an exception! I have ASICs in-stock and, last week, was able to get them in some customer's hands as early as the next day (although average with USPS is two days).

I guarantee you if you want an ASIC, I can ship it out to you tomorrow morning. Recent feedback: https://bitcointalk.org/index.php?action=trust;u=54472

Either way - best wishes with your investment - exciting times!! I'm biased because I'm selling the hardware, but I think the tangible investment of bitcoin mining is fantastic - it's like you own a little mint :)

I guess it's the perfect time to stop putting money into it, huh?

Ok, i was unaware of your service. just trying to prevent a newbie from getting screwed out of his btc.

But they are a bit on the expensive side. OK if you've done the math and are happy with the results, but I do caution that they are not a magic money tree. Caclulate here http://www.coinish.com/calc/ (expert mode shows estimated payback including difficulty increase).

We can agree that they are not a magic money tree :)
"expensive" is relative. I have yet to find anyone else willing to ship same-day (i.e. non-group-buy) that can beat my price. In fact, most on BitMit/eBay are DOUBLE my price ... and they still sell! I've been damn tempted to raise my prices but I believe in a greater good - in something more than just making a quick buck and disappearing. Hopefully my actions (https://bitcointalk.org/index.php?action=trust;u=54472) have shown that!

Also, other than AM Block Erupter blades (which may be more efficient, but even just one is out of most price ranges, as is clearly the case for the OP), I can't think of a single other ASIC that is shipping (defined as: you pay and have it before difficulty changes!). So when people say these are expensive, I always ask "show me another apple to compare it to" and they really can't. It's different than stocks or preorders, it's a tangible good that you can plug in and mine with!

I view them as springboards ... launching users into the rabbit hole we call bitcoin mining! Small price to pay to gain that interest and experience!

TL:DR - I don't know what he envisions his investment will look like. If he envisions it as a learning experience with hands on activity rather than buying some shares and sitting back, I can't imagine a better option than these erupters. And I'd be happy to help him get there (or there are group buys, ebay, bitmit, etc).

I really am glad there are senior members around here though to advise newer users - so many scammers running rampant - turns my stomach.

Yeah, I didn't want to dis your efforts, you're performing a great service, and if Block Erupters are what people really want, then who am I to dissuade them? But this is the newbie board, so I like to educate them a bit about ROI, difficulty etc. Its probably because I'm a newbie here myself, just a week old, I've been a bit prolific on my posting  ::)

Anyway good luck, you should have no problem getting plenty of orders, in spite of my efforts to give newbies pause for thought  ;)

Personally, I have diversified my investments in start-ups, mining shares, and mining hardware.  I did some math this morning and discovered that my mining shares are almost exactly on par with my hardware investments (Original purchase ~2.25BTC w/ equivalent daily ROI).  However, I find that the two erupters I purchased have been the most intellectually fulfilling.  I wanted to get into mining, but the pre-order scams are daunting and single CPU/GPU mining is not profitable.  It was certainly fun to learn more about mining and the purchase of the hardware provided the impetus for me to do so.

if i had 15BTC i invest in ASIC

mining shares, because ordering ASIC does not work

I'm wondering about the feasibility of ASIC shares now though as well. Most of them, at today's rate/ROI would take 3 years or more to get back the investment. Of course if their hash rates go up that speeds up ROI but difficulty still plays a huge role.

Nah. They seem to be pretty stable. It would be a great investment.

Heh. Yep.

Difference between "losing" and "expenses" - we're making a lot of capital investments in new equipment (using retained earnings from earlier months), so our net profit/loss might be negative in recent months, but once this equipment comes online, we'll be generating significantly more.  We have over 2TH on pre-order.

Hmm, here's what I made my statement based on:

Assets (Total):

09/30/12 - 1071.6132
12/31/12 - 1597.5555
03/30/13 - 463.7322

Furthermore, you said there's a lot on preorder. Here's a statement for that one:

Mining Equipment:

09/30/12 - 1708.8608
12/31/12 - 1107.6923
03/30/13 - 98.8235

Please clarify what I'm misunderstanding?

Mining Assets are based on CAD valuation, converted to BTC at the time of the statement.

Q2-2012 - 708 @ $12/btc ~= $8k
Q3-2012 - 1107 @ $13/btc ~= $14k
Q1-2013 - 98 @ $170/btc ~= $17k

Total assets (mining equip + retained earnings in bitcoins)

Q2-2012 - 1071 @ $12/btc ~= $13k
Q3-2012 - 1597 @ $13/btc ~= $21k
Q1-2013 - 463 @ $170/btc ~=$78k

You should add a note to help make that more clear, :).

That's awesome news though! Thanks for coming here to explain this!

Havelock has done a couple of 10:1 stock splits. That's why the price is "down". The actual price is way up. I remember when Havelock shares were less than 10 BTC each. Then, they rose to over ten, about 15 BTC or so, and then they did a 10:1 split down to 1.5 BTC. Then, they rose to about 3 BTC each, and they did another 10:1 split down to 0.3 BTC apiece.

To make a long story short, If you had bought shares when Havelock first started, you would have more than tripled your BTC in about a year. I think that the only stock on Havelock that's down is SDICE. ASICM, HIM, and VTX are all way up. Havelock Investments is the Berkshire Hathaway of Bitcoin investing.

Businesses in bitcoin will always get you the biggest ROI....

Oh wow. I wasn't aware of the splits either. Is there any information that helps give a timeline of these things?

The splits are indicated in both the updates tab, as we'll as annotations on the price graph (charts tab)

The graph is adjusted so the splits don't make the graph crazy. (Historical data pre-split was adjusted to show post-split values for unit volume and price)

1 unit was ~ $22 when we launched and would now be 100 units worth $30 each.

$100 invested at launch would be worth over $13000 today. (A lot of that is due to btc appreciation a well)

Cheers,
James

Wow, that's awesome! I'm pretty new to stocks so hopefully this doesn't sound too stupid but... what determines when the stocks split again?

Invest in a ASIC

Seems legit. "Give us $1000 and we'll give you $4000+ at the end of the month!" Really?

Put them under your pillow!

invest in BTC (asic), LTC (gpu) and maybe YAC (cpu).. in my opininon these are the curencies that might explode :)

YAC doesn't have enough of a community behind it right now I don't think. While it's somewhat innovative, it takes a lot more than that to make the currency valuable.

anyone have experience with btct.co and could help out with some information on it , some guides or info?

You can earn money or btc in many different way in this market.

- Buy BTC at low price and keep until price is very high and sell. (Medium profit, slow investment, low risk)
- Buy BTC and wait for price to go up and sell. Wait until price go down and buy back, repeat (Low profit, fast investment, medium risk)
- Buy Alternate Crypto (LTC, NMC, NVC, FTC, CNC, ...) and hope they go up and sell, repeat (High profit, unstable investment, high risk)
- Buy trading bot and hope you dont get scammed/hacked (Medium profit, fast investment, high risk)
- Buy share in a mining service (Asicminer,havelockinvestment, etc) (Low profit, slow investment, low to medium risk, ROI)
- Buy FPGA/Asic miner hardware (Avalon, Asicminer, BFL, kncminer, ...) (Medium-High profit, low-high investment, low-high risk, ROI)
- Buy Computer + GPU (Bitcoin mining rig)  to mine Bitcoins or other alternate crypto (Low profit, slow-medium investment, medium-high risk)
- Sell Mining rig, or resell asic mining hardware (High profit, fast investment, low-high risk)
- Sell website services, exchange site, etc, hardware (Low-very high profit, slow-fast investment, low-high risk)

Have fun.

We split the stock because the value kept growing to the point that it was cost prohibitive for a single person to invest.   If we hadnt split the stocks, a single share right now would be worth 31BTC, or over $3000.

Our goal when we launched was a price around $20-$50, when we grew to over $300, we split 1:10, then when we grew to over $300 again, we did another 1:10, bringing the price per share back down to the target range.

Ahh, I see now. Thanks for clarifying that, :). So basically it's based on how high the price goes.

I personally Have been doing fine I through 3 btc and have almost made .6 btc from investing a couple of days after the asic share went public.