Bitcoin Forum

Other => Beginners & Help => Topic started by: bitrain on June 28, 2011, 01:11:50 AM



Title: How much money you're planning to spend on bitcoins?
Post by: bitrain on June 28, 2011, 01:11:50 AM
I mean, what is you investment budget (in dollars) for this month/year?
 So what it depends on?


Title: Re: How much money you're planning to spend on bitcoins?
Post by: gtabmx on June 28, 2011, 01:48:00 AM
Maybe $250, and up to $500 if things look bright.

-Mike


Title: Re: How much money you're planning to spend on bitcoins?
Post by: Nirth on June 28, 2011, 02:36:51 AM
Nothing currently..I wait until something happens and it's cheaper. :p


Title: Re: How much money you're planning to spend on bitcoins?
Post by: tvbcof on June 28, 2011, 02:43:28 AM
Couple of percent of my similar investment vehicles.  Really depends on how the legislation (outlawing it) is implemented in the different countries.


Title: Re: How much money you're planning to spend on bitcoins?
Post by: Vaxum on June 28, 2011, 02:46:56 AM
I'm spending about 15% of my wage on purchasing bitcoins atm.


Title: Re: How much money you're planning to spend on bitcoins?
Post by: cbeast on June 28, 2011, 02:48:54 AM
Either too much or not enough is what remains to be seen.


Title: Re: How much money you're planning to spend on bitcoins?
Post by: abednego on June 28, 2011, 02:53:25 AM
Just a little wisdom... what you're doing now is day trading NOT investing.  Investing is putting money away for years.  Trading is betting (gambling) on prices of something to rise in your favor in a set time.  Just make the distinction and don't play the market with more than you're willing to lose  ;D


Title: Re: How much money you're planning to spend on bitcoins?
Post by: mikeo on June 28, 2011, 02:59:05 AM
Just a little wisdom... what you're doing now is day trading NOT investing.  Investing is putting money away for years.  Trading is betting (gambling) on prices of something to rise in your favor in a set time.  Just make the distinction and don't play the market with more than you're willing to lose  ;D

As a daytrader for 12 months (until I realized the only one making money at it was my broker, TradeStation) I would agree with you completely. Buying and selling Bitcoin is pure gambling/speculation.


Title: Re: How much money you're planning to spend on bitcoins?
Post by: Moxed on June 28, 2011, 03:01:52 AM
At the moment im farming them, lucky me i had 2x 5850 in my comp just for gaming when a friend show my bitcoin :)

Them im trading them and raise !


Title: Re: How much money you're planning to spend on bitcoins?
Post by: jprockbelly on June 28, 2011, 03:51:43 AM
Great thread, I think people can get a bit excited about the idea that bitcoin is some new currency that nobody knows about, and that simply getting in early will gurantee a profit of some sort. Investing/trading has all the pitfalls of any other type of currency.

Personally my interest is mining, but it's hard to say what kind of investment i have made. I recently brought a 5850 for AU$169 so I guess you could say that is the amount invested :) However it's a bit convoluted because I don't have a dedicated mining rig and I also use the card for gaming. I suppose the extra wattage draw while mining is also part of the "investment".


Title: Re: How much money you're planning to spend on bitcoins?
Post by: xasasx on June 28, 2011, 10:36:14 AM
probably just 50 to see how it goes at first.  I am excited by all this though!


Title: Re: How much money you're planning to spend on bitcoins?
Post by: david4dev on June 28, 2011, 11:58:58 AM
I don't see bitcoins as an investment. They are a tool for me to easily pay for things online, particularly with donations.

So far, I've put 30 into Youtipit and I am awaiting more people to post things there that I feel are worthy of donations.

The amount I plan to spend is directly related to what I can buy with or donate to using bitcoins and how much I can afford.


Title: Re: How much money you're planning to spend on bitcoins?
Post by: otomo5240 on June 28, 2011, 01:21:45 PM
just mining   ::)


Title: Re: How much money you're planning to spend on bitcoins?
Post by: fassadlr on June 28, 2011, 01:33:37 PM
I day trade with my mined coins. I bought about 24BTC when it was around 24$/BTC so I've gotta wait it out. Or make up what I've lost via trading and then sell them.


Title: Re: How much money you're planning to spend on bitcoins?
Post by: AA666 on June 28, 2011, 01:48:14 PM
Currently its about $200, but please don't tell it to my mom.