ronaldo40
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June 17, 2015, 03:35:36 AM |
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I prefer trading. the risk is not too great, depending on who plays and analyze our coin will we play.
whereas mining investment? it took a long time and certainly need substantial capital as well.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
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hard to stifle." -- Satoshi
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bitbaby
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June 17, 2015, 03:55:50 AM |
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Here's another thread similar to what you're asking: https://bitcointalk.org/index.php?topic=1084189.0 And the best suggestion as per me is don't do anything, you have already invested, just put them in a cold storage and once the price goes higher you can sell them and make a profit. Investing your bitcoins in Cloud Mining is the worse thing you can do and you're lucky that they didn't run away with your money till now, just withdraw from any cloud mining service and get hold of your money before it's too late.
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SavellM (OP)
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June 17, 2015, 07:24:51 AM |
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Thanks for the ideas. I think personally I'm going to steer clear of trading unless I can get help with some fool proof method. I always end up losing out when trading. Still not sure what to do with mining. Withdraw 30btc from Scrypt and invest in Hashnest, and let the remaining 10btc grow in Scrypt... Or withdraw all and put it in Hashnest... Withdraw all and wait to see what S6/7 come out with?! So many questions, if only you could see the future
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hasiramasenju
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June 17, 2015, 07:39:15 AM |
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mostly people here will choose trading just like me because i think that is best option between the two last option
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SavellM (OP)
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June 17, 2015, 07:42:59 AM |
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Do you trade manually, or use a program or how?
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tiggytomb
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June 17, 2015, 07:51:25 AM |
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I would have to say trading in altcoins is a good way to make profit and also to lose quickly, it does take a bit of time to keep an eye on the coins and the movements and scams and so on but the profit is there, you do however need to invest a decent amount of time.
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notlist3d
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June 17, 2015, 08:46:10 AM |
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I would have to say trading in altcoins is a good way to make profit and also to lose quickly, it does take a bit of time to keep an eye on the coins and the movements and scams and so on but the profit is there, you do however need to invest a decent amount of time.
This is very true on investing. It can be a good profit or a bad loss. I would highly suggest starting off slow on investing in altcoins. There are just a lot of pump/dump coins that have made the alt coin market a little harder the it was at one point in my view. Just really go slow don't dump your entire budget at once and jump in. If right conditions mining can be done well. I personally am a miner at heart and enjoy it. I would say part of it is finding what you enjoy. I hold a little in altcoin's just for fun, so you can mix the two. But I by far keep BTC as my main investment over alt coins. Its a huge YMMV field on investing on altcoins.
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SavellM (OP)
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June 17, 2015, 09:06:31 AM |
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Yeah like I say, I've tried trading... Didnt go so well for me...
I love mining, and would have my own mining farm if prices of elec in UK was any better and I had space. I looked into colocation and all but its not viable in the UK.
Hence why I need to use cloud mining.
But there is something in mining that is a passion for me... I love it. And would like to continue to mine for more BTC, just obviously with less risk.
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ranochigo
Legendary
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Activity: 2954
Merit: 4166
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June 17, 2015, 09:09:35 AM |
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Mining is okay if you have large funds, land and cheap electricity. However, risk like DOA and late shipment can occur. This would result in potential loss of profit and you have to bear that risk. The price can be a huge factor too. Investing at gambling site can be risky but the risk would be moderate. The profit tends towards the house edge in the long run. If you aren't prepared to wait for sometime, then this isn't for you. Main issue here is trust. You have to trust the site owner to not cheat you or run away. Trading is very risky. For those who have experiences, go ahead but the risk is still there. In the long run, you can lose all your funds if the coin you invested in crashes. Trading bots aren't designed to generate profit. You have to test it out yourself and find the settings. Again, no guarantees. Yeah like I say, I've tried trading... Didnt go so well for me...
I love mining, and would have my own mining farm if prices of elec in UK was any better and I had space. I looked into colocation and all but its not viable in the UK.
Hence why I need to use cloud mining.
But there is something in mining that is a passion for me... I love it. And would like to continue to mine for more BTC, just obviously with less risk.
There's no such thing with no risk when investing in cloudmining. Mining isn't profitable for small players and cloudminers anymore. The only one profiting is the owner of the cloudmining company. It's hard to mine for guaranteed profit nowadays, even with altcoins.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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SavellM (OP)
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June 17, 2015, 09:34:24 AM |
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What about Hashnest?
Seems to be the most legit, backed by Bitmain. ROI is around 250 to 285 days.
Slow but stable... 40btc nets me around 25 Ant S5's. I already have 5 taking me to 30x S5's.
My daily average for the last 2 days = 0.005171497btc per miner. So 30x S5's in a month nets me = 4.718991013btc.
Now that's not tooooo shabby, but obviously I want more to pay off debt quicker.
Also that doesn't account for diff increases or Bitmain releasing the new S6/7 and the price of S5's dropping in market. Meaning selling my miners could be at a loss.
Might need to wait till July for any announcement before purchasing anything more.
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ranochigo
Legendary
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Activity: 2954
Merit: 4166
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June 17, 2015, 12:51:29 PM |
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What about Hashnest?
Seems to be the most legit, backed by Bitmain. ROI is around 250 to 285 days.
Slow but stable... 40btc nets me around 25 Ant S5's. I already have 5 taking me to 30x S5's.
My daily average for the last 2 days = 0.005171497btc per miner. So 30x S5's in a month nets me = 4.718991013btc.
Now that's not tooooo shabby, but obviously I want more to pay off debt quicker.
Also that doesn't account for diff increases or Bitmain releasing the new S6/7 and the price of S5's dropping in market. Meaning selling my miners could be at a loss.
Might need to wait till July for any announcement before purchasing anything more.
Well, the release of new ASICs can potentially increase the difficulty by a huge amount. Depending on how you look at it, it can be positive or negative. Mining is usually really risky and hard to ROI. Not to factor in the risk of bitmain closing down and there goes your dreams. Hashnest seems to be okay but like all mining operations, it is risky.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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SavellM (OP)
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June 17, 2015, 01:09:57 PM |
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Yup this is why Hashnest has me a bit worried.
Also when S6/7 is announced prices of S5 should in theory drop.
I might try wait till the announcement in July and see what it entails.
Also with KnC releasing news about 16nm and some crazy Gh to W ratio Bitmain may have to up their game or their pool will be overrun! So lets see what happens.
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ikydesu
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June 17, 2015, 05:01:48 PM |
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Do you trade manually, or use a program or how?
Don't use robot(probably virus, the system does not work well). You can use indicator as tools for your technical analysis. Looks like you prefer to mining than trading ~iki
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b-trading
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June 17, 2015, 05:21:28 PM |
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Just go for trading as it is simple Buy Low Sell High..Just wait for the correct time when to buy and when to sell
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SavellM (OP)
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June 17, 2015, 05:24:16 PM |
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Its never as simple as that with trading I did try that for a bit with Haasbot, but it kept going outside the channels when the waves got too big. Also this market is pretty volatile at the moment with the sudden increase.
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Darude Sandstorm
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June 17, 2015, 05:37:10 PM |
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Its never as simple as that with trading Sure it's never as easy as that but it's the best option out of the three you listed, but making money is never easy and always risky. Personally I just prefer to hold my bitcoin in the long term as an investment rather than speculate with it currently.
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Rmcdermott927
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Merit: 1140
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June 17, 2015, 05:39:14 PM |
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Hey guys.
So lets say I have 40btc. My aim is this... I want a 2nd income to pay off debts.
Where would be the best place to get some good returns?
I'm currently in Scrypt.cc and making 17.5btc per month. This is a GREAT 2nd salary and goes towards my paying off debt. BUT I am a bit worried and skeptical of them and want to move my 40btc elsewhere somewhere more safe.
I currently have 5x AntMiner S5's over at Hashnest but daily output is sooooo small. I could put the 40btc in and buy another 25x S5's but that only nets me around 6btc per month without difficulty increases.
I have dabbled with trading (didn't go so well for me), I also have some bots like CAT (Cryptsy api), and Haasbot. But I cant seem to get my trading right or for it to be profitable enough.
So that is why I'm coming to you guys.
Where would be a great place to put 40btc to earn me some good cash per week/month.
Both are risky, trading is *slightly* safer if you know what you are doing. The best investment is to buy a sr member account and enter a sig campaign. ROI is about 3-4 weeks for that.
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SavellM (OP)
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June 17, 2015, 05:40:50 PM |
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Sig campaign now that's interesting. Could you swing me more info? Ps my Account is Sr Although Vod has tarnished it with bad rep...
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tyz
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Activity: 3360
Merit: 1530
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June 17, 2015, 05:43:02 PM |
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Mining is not profitable for the most coins and countries. So, investing and trading is the best way to gain. You should focus on good alts with a supportive community, good devs and a unique feature set.
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