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Author Topic: When you say 'invest in bitcoin'  (Read 4172 times)
shelbydz
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June 08, 2011, 03:26:31 AM
 #1

Hi all,

New to bitcoins. I've been reading up in the forums and trying to get my terminology straight. I have a couple of computers sitting around not doing much and figure I would let them mine for me. I don't want to invest in a new machine just for this, but there may be room for improvement on my existing systems.

I was looking at investing vs mining threads. I assume when you all say 'invest in bitcoin' you all mean buy some from the exchange and hold them. Is this correct?

Thanks!
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KnuttyD
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June 08, 2011, 03:30:40 AM
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I believe "investing in bitcoins" means buy bitcoins directly rather than buying mining hardware.

While much higher risk, you can profit much more as you dont have to factor in hardware costs.

If I helped you in some way, and you feel obligated to do so, you can tip me some coin!
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