Is it true that Bitcoin is dying? Should I invest? Where can and how do I buy?

[gentlemand]

Let alone all the hassle and space. I would get my money back in BTC mining eventually, Or I could just buy 35 BTC now and hope it rises.

please correct me if my math is wrong.

Anything could happen in the mining space. New ASICs are on the way and a lot of manufacturers mine only for themselves these days. It's an easy way to burn a lot of money and electricity with no return. I'd be shopping elsewhere myself but only you can decide.

[notlist3d]

Let alone all the hassle and space. I would get my money back in BTC mining eventually, Or I could just buy 35 BTC now and hope it rises.

please correct me if my math is wrong.

Anything could happen in the mining space. New ASICs are on the way and a lot of manufacturers mine only for themselves these days. It's an easy way to burn a lot of money and electricity with no return. I'd be shopping elsewhere myself but only you can decide.

All depends electricity prices it seems now day's.  But the hopes is if you mine you spend X with fiat and get more BTC overtime then you would have gotten more then X btc by buying direct.

It was a almost guaranteed 90 day's ROI for a while.  Now it is much longer and not guaranteed.  But there are reasons miners do mine.   And I would agree some are because of loving the hobby.  You have to really enjoy it to keep going.

[Cryptonitex]

I probably wouldn't go all $8,000 for BitCoin, maybe some there and invest in other AltCoins that you believe to be strong. That way if one fails, and another one succeeded then you aren't at a complete loss.

There's about 600 AltCoins out there, so it's going to be hard to choose, and depending on who you talk to, they will suggest you different coins.

[Amph]

I have seen questions on the forum and it worries me to invest, I have about 8000 USD to invest and would like to know if it is a wise move or I should just keep my money.

Where can and how do I buy Bitcoins?

Thank you

8000 $ Is a big amount you can buy yourself mining hardware for this amount and mine bitcoin

my friend looked at this.

I could buy 3 x AntMiner S5+ Miners. That would cost me $7000

I would make roughly $1400 per month. - minus electricity I would make $900 per month. now to get my $7000 back, I would need 8 - 9 months. In which time difficulty would have rose so more like 12 - 15 months.

Let alone all the hassle and space. I would get my money back in BTC mining eventually, Or I could just buy 35 BTC now and hope it rises.

please correct me if my math is wrong.

don't do the first, it's too time consuming, while it's true that if you were to start mining on january for example, at this time you have roied, from now new asic with better efficiency are coming, so the diff will increase heavily

i don't believe bitcoin will fall sub 200, so it's kind safe to buy right now, if we move on the 230-250 range this is already 2-3 btc profit each time

[Mickeyb]

I have seen questions on the forum and it worries me to invest, I have about 8000 USD to invest and would like to know if it is a wise move or I should just keep my money.

Where can and how do I buy Bitcoins?

Thank you

8000 $ Is a big amount you can buy yourself mining hardware for this amount and mine bitcoin

my friend looked at this.

I could buy 3 x AntMiner S5+ Miners. That would cost me $7000

I would make roughly $1400 per month. - minus electricity I would make $900 per month. now to get my $7000 back, I would need 8 - 9 months. In which time difficulty would have rose so more like 12 - 15 months.

Let alone all the hassle and space. I would get my money back in BTC mining eventually, Or I could just buy 35 BTC now and hope it rises.

please correct me if my math is wrong.

don't do the first, it's too time consuming, while it's true that if you were to start mining on january for example, at this time you have roied, from now new asic with better efficiency are coming, so the diff will increase heavily

i don't believe bitcoin will fall sub 200, so it's kind safe to buy right now, if we move on the 230-250 range this is already 2-3 btc profit each time

Yes, just buy the coins. For all of $8,000 or for a part of it. It's really your call. But don't get into mining. Mining is to unpredictable and the tides change way too much and way too often. It's a big risk in my opinion.

While like Amph has said, the chances that Bitcoin goes under $200 do exist, but are not likely. It may even dip under but it will bounce back very quickly. So this is much safer bet in my opinion than investing into mining hardware.

[ikydesu]

I probably wouldn't go all $8,000 for BitCoin, maybe some there and invest in other AltCoins that you believe to be strong. That way if one fails, and another one succeeded then you aren't at a complete loss.

There's about 600 AltCoins out there, so it's going to be hard to choose, and depending on who you talk to, they will suggest you different coins.

I personally prefer to invest in bitcoin and gold than altcoin. Too much sh*tcoin out there and altcoin price is easy to manipulate, it's really hard to predict, you need to participate to be a manipulate-party for earn a profit.