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Title: USB miner, In two minds about ROI Post by: squall1066 on June 29, 2013, 06:24:56 PM Hiya all, I am hosting 10 of these little things for a friend, Problem is he bought when at 2 coins a piece, Using Fiat for the trade and wanted in on the BTC way of life, Now comes the price drop, Meaning he has lost half his investment in a few days >:(
So he asked me weather he should cash out and get 10 coins and sit on them or keep mining? I was a little stumped so I thought I would throw it out there for you guys, I said if you cash out you have paid double price for your coins, If you mine a few coins over the coming weeks and BTC shoots up, You will have made back the investment, Also If you sell for 10 coins and price rises you would have made. Can anyone advise or have a different way of looking at this? Title: Re: USB miner, In two minds about ROI Post by: k9quaint on June 29, 2013, 06:43:27 PM Hiya all, I am hosting 10 of these little things for a friend, Problem is he bought when at 2 coins a piece, Using Fiat for the trade and wanted in on the BTC way of life, Now comes the price drop, Meaning he has lost half his investment in a few days >:( So he asked me weather he should cash out and get 10 coins and sit on them or keep mining? I was a little stumped so I thought I would throw it out there for you guys, I said if you cash out you have paid double price for your coins, If you mine a few coins over the coming weeks and BTC shoots up, You will have made back the investment, Also If you sell for 10 coins and price rises you would have made. Can anyone advise or have a different way of looking at this? The best chance he has to recoup some of his losses is to take delivery and try to sell them on Ebay. Title: Re: USB miner, In two minds about ROI Post by: squall1066 on June 30, 2013, 12:47:18 PM Hiya all, I am hosting 10 of these little things for a friend, Problem is he bought when at 2 coins a piece, Using Fiat for the trade and wanted in on the BTC way of life, Now comes the price drop, Meaning he has lost half his investment in a few days >:( So he asked me weather he should cash out and get 10 coins and sit on them or keep mining? I was a little stumped so I thought I would throw it out there for you guys, I said if you cash out you have paid double price for your coins, If you mine a few coins over the coming weeks and BTC shoots up, You will have made back the investment, Also If you sell for 10 coins and price rises you would have made. Can anyone advise or have a different way of looking at this? The best chance he has to recoup some of his losses is to take delivery and try to sell them on Ebay. We considered this, However, After making a possibly selling them thread, We have had some offers to buy them, So I will see what happens. |