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Author Topic: Investing my $2,000,000 Into bitcoin (advice me)  (Read 3354 times)
mike77777
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September 21, 2016, 08:52:44 AM
 #61

Can someone tell him that those millions of $ from monopoly are worthless in real world  Grin
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Gahs
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September 21, 2016, 09:13:03 AM
 #62


 Cheesy Cheesy Very funny!

But I think OP can distinguish monopoly money from real money. He is either trying to make up his post count, or speculating on how he would spend the money if he actually had it.
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September 21, 2016, 02:16:56 PM
 #63

There are other alternatives.  There are many staking coins, very quick math shows a small $17,000 per year interest gain using simple monthly compound interest, which is not the same, but the coin should gain at least that much is the value holds.
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September 21, 2016, 02:25:10 PM
 #64

Is this for real? So if you want to invest your 2 million dollars in bitcoin then I guess you can have some partnership with big bitcoin companies. Why not have a partnership with coinbase or blockchain.info or even xapo for sure they are going to have a good improvement if you are going to invest that for real. And you are secured already with your investment because they are already well known companies.
Sure you are right...truly agree with you..
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September 21, 2016, 02:25:45 PM
 #65

Reading all the comments here was really funny.  No one would earn or acquire that huge amount of money to ask people here where and how to invest it.  Your friend have earned that amount and do not know how to manage it?  I do not believe you just like everyone here in the thread.

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September 21, 2016, 02:27:21 PM
 #66

Two millions is serious amount, instead of asking for free advice here, better pay someone for that. 1000 $ for good advice is nothing here, you risking much more then that, and your profit can be very big. So don`t be cheap ass, pay for advice, and look at that like on investment. Its better to find more people and pay them, and then decide what is good for you to do next. Investing in security is always a good idea, also why mining with 2 millions? There is also good money in online casinos, or other services, maybe you can think about buying a lot of coins, something put away in cold storage, and with other part invest in creating some profitable site.

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September 21, 2016, 02:30:35 PM
 #67

A big nope for bitcoin mining setup. I am afraid you are too late to setup a mining farm from scratch. Not profitable with that less amount.
Just invest in something more real. just fund some good business startup which would have a better rate of return and faster break even.
pereira4
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September 21, 2016, 04:07:42 PM
 #68

A big nope for bitcoin mining setup. I am afraid you are too late to setup a mining farm from scratch. Not profitable with that less amount.
Just invest in something more real. just fund some good business startup which would have a better rate of return and faster break even.

It's not a big nope by default... if you can find profit then it's never too late. Im sure in china, a 2 million mining cave would be profitable, of course, in US or Europe, have fun trying to pay the electricity bills.

bahubalis
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September 21, 2016, 06:04:30 PM
 #69

I don't know if it is a smart thing to invest that kind of sum of USD in mining in particular, Mining is decreasing in profitability overtime and with the increasing overall difficulty some hardware can lose plenty of value in short duration of time, including electricity costs etc.. most of those still making profit are big companies or getting free electricity or similar conditions IMO.
Steinar
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September 21, 2016, 06:12:00 PM
 #70

Although this is a great idea, this is not something that can be done by an amateur, I would highly suggest speaking directly with several mining companies as well as reading as much as you can from the mining pages in this forum.
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September 21, 2016, 06:24:45 PM
 #71

I do encourage investing sums into BTC, but not into mining 1)at this current time 2)by someone that is unskilled to BTC, I am surprised someone is making such investment at something they just known about, IMO it would be better to spend a fraction of that sum in buying BTC's and holding them.
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September 21, 2016, 06:36:54 PM
 #72

If you really want to make your money to profitable business mining bitcoin i think still profitable i you had that amount of bitcoin you can build your own mining farm with solar or other source that you can buy fee electricity.. it can be profitable and earn a lots every month..


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aizzaku
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September 21, 2016, 08:04:59 PM
 #73

A big nope for bitcoin mining setup. I am afraid you are too late to setup a mining farm from scratch. Not profitable with that less amount.
Just invest in something more real. just fund some good business startup which would have a better rate of return and faster break even.

It's not a big nope by default... if you can find profit then it's never too late. Im sure in china, a 2 million mining cave would be profitable, of course, in US or Europe, have fun trying to pay the electricity bills.


I would still say no because of the reason that profit is not same or even increasing it will always be decreasing since the price is not spiking as difficulty of the block. U getting my point here?
Mauphillips
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September 21, 2016, 10:20:54 PM
 #74

What I think you can do is to buy your own BTC Miner and you can pay people in Bitcoin to have tasks completed for you .
This way you can start your own business .
kerimsahinks
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September 21, 2016, 10:28:06 PM
 #75

Forget mining, buy BTC and forget about five years.The brief of wealth Smiley
Doubler Disburser 232515
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September 21, 2016, 11:33:10 PM
 #76

Forget mining, buy BTC and forget about five years.The brief of wealth Smiley

We'll see how good your prediction is: $ 2,000,000 USD buys a cool BTC 3,351 right at the moment, so we'll see how they improve over time shall we?

BTW, how does the BitCoin economy improve if no one is mining to keep the block chain transactions ticking over?
arcanaaerobics
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September 21, 2016, 11:46:16 PM
 #77

How do you make those 2 millions? I don't think you make it, maybe your parents...
None invest 2 million in a thing that dont know nothing about it...
You look like a troll, if not, try to contact big farmers and talk with those people, or at least read more about mining.
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September 22, 2016, 12:35:32 AM
 #78

If you want to make money, invest all in altcoins and ftw.
You will have at least 10 millions in 2018.
Hire someone with experience to give you tips.
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September 22, 2016, 12:38:02 AM
 #79

With such capital i would buy directly the bitcoin over the month, and wait next halving that will happen at 2020, where he can maybe double the investment, better then try build a bitcoin farm at this stage.


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Milkduds
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September 22, 2016, 12:45:18 AM
 #80

Stopped reading when I read friend just asked another friend how to invest 2 million. If I am asking anyone that is not a expert how I should invest,then I am asking to be bent over and treated like a atm. If I had 2 million I would be sticking it in real estate,not something that is going to potentially go sour over night.
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