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September 19, 2012, 07:45:48 PM |
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Hi everybody! I'm an austrian bitcoin enthusiast. I first read about bitcoins in June 2012 and was amazed by the revolutionary methods bitcoin uses to generate coins, verify transactions etc. So I first started mining but then realized revenue was lower than power costs so I stopped that and bought something like 27 bitcoins in total. First I stored them offline but then I read about investment opportunities. So I first opened a 2 BTC bankbook on mybitcoinbank.de and then transferred, about a month later, 25 BTC to mybitcointrade.com to put them into funds and investments. Some time later, I discovered GLBSE, sold my fund shares at mybitcointrade and bought assets at GLBSE for 15 BTC. But I still have a 10 BTC bankbook at mybitcointrade.
Now that mybitcoinbank.de is quite likely a scam and mybitcointrade.de is on its best way to become one, I'm asking how likely it is that I at least get my initial investments back. The people in the german section probably know more about this, but as a newbie I posted here. Two more questions: - Is it really a good idea to put bitcoins into investments at all? I figured out that even in my diversified GLBSE portfolio there probably is the one or the other scam/business failure. So if i compute in the losses these bring in, am I not in fact losing more than I gain? - Will bitcoin mining still be profitable after reward halving and ASICs coming out (if I mine with these ASICs)? Can you grossly estimate ( I know it's not easy) what the block difficulty will be after ASICs have been available for some time?
Thanks toterpinguin
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