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Author Topic: economical invest of btc?  (Read 482 times)
zevtiefenbach (OP)
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December 03, 2013, 01:54:57 AM
 #1

I'm new to the btc scene and am curious about how best to invest in this currency. it seems most inexpensive devices are not economical in terms of returning of being able to generate a reasonable amount of btc. plus, there's so much speculation in the market that the markup on most devices is over 100 % from what they were originally sold for. any thoughts on a good way to enter the mining/currency market?
quantumflow
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December 03, 2013, 03:21:39 AM
 #2

I would trade alt coins or mine alt coins.  In my opinion, it is hard to beat alt coin roi vs bitcoin roi.
smelly
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December 03, 2013, 03:28:31 AM
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any thoughts on a good way to enter the mining/currency market?

not really a thought, but i have heard rumors of gold hidden in the Black Hills.
quantumflow
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December 03, 2013, 03:31:49 AM
 #4

grab it now bro.  I got in and out 2 years ago.  shoulda kept my butt in the game.  Now, I am back scrambling!
PixelFanta
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December 03, 2013, 03:57:19 AM
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Its really unstable right now and everyone is expecting it to crash, but good luck hope you make the right the desicion
Itun
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December 03, 2013, 04:18:36 AM
 #6

Currently, I don't recommend investing fiat in btc.

Buy some alt-coins that seems promising.

I think it would profit you better that way.
dormedas
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December 03, 2013, 04:27:32 AM
 #7

I would mine scrypt-based alt-coins if you're looking to get in the game. It costs less to get started at reasonable hashrates (i.e., using GPUs) and most, if not all, alt-coins can be traded against BTC at various exchanges.

For instance, I mine Feathercoin in a pool and that trades to BTC on btc-e.com
va23boam
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December 03, 2013, 04:43:40 AM
 #8

i read litecoin is on the rise, i was thinking about buying a few coins and holding onto them, possible you could make some big gains in the years to come..

Currently Mining: BTC,ETH,SC
nahtnam
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December 03, 2013, 05:45:07 AM
 #9

I'm new to the btc scene and am curious about how best to invest in this currency. it seems most inexpensive devices are not economical in terms of returning of being able to generate a reasonable amount of btc. plus, there's so much speculation in the market that the markup on most devices is over 100 % from what they were originally sold for. any thoughts on a good way to enter the mining/currency market?

If you want to go simple (trade BTC), then use coinbase.

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