I totally agree, but having thousands and thousands of dollars probably will make the process faster and easier.

Litecoin mining is still great with GPUs.

I love using Bitcoinwisdom, but this suggestion is a good one .

Welcome!

I use BTCE, and I have seen a lot of people complaining about them recently. Personally I have had no problem with them. Coinbase I have never used.

In a way I'm glad I didn't start years ago, because if I had found out about them, my usual overly cautious self wouldn't have bought any. I would be kicking myself even harder.

Well my friend got me into bitcoin and I used to talk him to about it, but it's nice to have everyone else's opinions on various topics too.

The difficulty is insane recently. I've seen 30% increases regularly.

Nvidia cards are not that good for mining compared to Radeon.

Here is another one, but honestly I prefer the one above. http://www.bitcoinx.com/profit/

It is slightly more in depth though.

The problem is that you can't sell after it starts to dip. So it you are trying to sell high buy low, then you need to be able to guess when it will turn which IMO is the hardest part.

This is due to the fact that when it starts going down again for example, noone is going to buy because a few seconds later, your price will already be more than the average price.

The thing about eBay is it is probably the fastest, cheapest and easiest way to get into bitcoin from absolutely nothing. And depending on when you buy the BTC it can be 10% more or 100% more.

Thanks for the friendly reminder .

It totally depends on what people are buying at. Most likely that you sold them and then the price went up.

To be honest, you should ever say I wish I had started months ago because whenever you start, you will most likely always think that .
It's definitely not too late to start either.

I guess so, but if they were dead it would probably be pretty hard to even sell them.

Investing directly is the safest and easiest option IMO, but litecoins can still be mined fairly easily with GPUs, so they are still a viable option.

Litecoin does tend to follow BTC pretty closely, mainly because BTC and LTC are on almost every site, whereas other less popular ones are on specific sites.

Due to them being in the same places, when people panic sell BTC, LTC will almost certainly follow suit.

I don't know anything about this site, but it could be that they make new accounts wait a few days between payment and receiving your BTC. It has happened to me on multiple sites. But 2 days and no contact does seem very fishy.

It is a fantastic idea for the Bitcoin economy that should be used more. And I think it will in the coming months and years.

I don't think anyone goes on CEX and buys a load of GHs just like that.

Most of the users probably buy a small amount, and then use the BTC made from it in a few days to buy more and more. If you buy and sell the GHs at the right times like you would for BTC itself, then it could be very profitable.