I am from an investment management firm. We invested a part of client's money into Bitcoin Mining. As most of u already know that investment firms deal with large chunk of money, we had to go for cloud mining to cope up with the huge inflow. There was no big problem as we run our own solar powered cloud mining setup. Things were fine as long as Bitcoin was floating above 500 USD. But, in the last quarter (July-September), bitcoin price slump against USD has affected our operating profit. In this quarter we had to payback customers from the earning of previous quarter as we were expecting a price rise in this quarter (October-December). 500 USD is ok for us and anything beyond only makes profit. But, we are a bit worried, as price is not showing much of an upward movement. So, I have 3 Qs to the community...
1. Do you think we should liquidate the current investment in cloud mining and go for other investment opportunities ?
2. Do you think price will cross 500 USD by March 31, 2015 ?
3. If point 2 is NO, is there any other option to keep our cloud mining operation up and running ?
Yes! Run your site like a Ponzi, whereupon you'll continue to profit for at least a year before Investards catch on to your scheme.
In case Leroy Fodor ever wants to quote me, ...
/s