captianjojo (OP)
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November 03, 2017, 05:33:39 PM |
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I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
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pooya87
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November 03, 2017, 05:39:20 PM |
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you can always invest in bitcoin if you want to hold it long term because in short term there may be lots of fluctuations and specially now that price has risen a lot and fast it may not be the best time for an investment for short term. with $2500 you can build a GPU mining rig and mine GPU-mineable altcoins. i believe you can buy 5-6 GPUs and get a nice hashrate. and if your electricity is cheap already that can be a nice setup to make money. check out http://www.coinwarz.com/ and similar mining calculators for more information.
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eckmar
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November 03, 2017, 05:43:50 PM |
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I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
GPU mining is currently not very profitable. You can maybe try buying ASIC BTC miner (if you can, they are hard to find) but the best bet now is to invest into Bitcoin directly. If you are looking for short term profit now may not be the best time, but if you are planning to hold for lets say a year then current price does not matter.
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Ayers
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November 03, 2017, 05:46:18 PM Last edit: November 10, 2017, 06:37:54 PM by Ayers |
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I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
investing in bitcoin is good imho, or you can invest in bitcoin cash, i think will rise a lot, because it follow bitcoin, not like other altcoin, and some big chinese farm, are pushing to use bitcoin cash more, by removing payment of bitcoin, for their asic
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ankurguta87
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November 03, 2017, 05:52:08 PM |
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Invest some portion in BTC ad rest in Alts. As after forking alts will surely boom. Alt like ether is stable on $30 since couple of month and ready to boost again.
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chiggz
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November 03, 2017, 06:18:49 PM |
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You can try investing in some good altcoins such as NEO, IOTA. Try different ones. They have a lot of potential and one day might reach a good price and reap you good amounts of profit.
You can check out Altcoins sections in this forum for a better idea.
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Yakamoto
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November 03, 2017, 06:22:54 PM |
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I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
If you have to choose one or the other then I would recommend putting it into Bitcoin since there's a lot more money to be earned through that and it has less maintenance fees associated with the whole thing, compared to having to maintain a mining rig and make sure that it is working at full capacity 100% of the time. You'd have to be paying for heating, potentially cooling costs depending on your local environment, there would be looking after them and making sure their mining, etc. Much better to put it into Bitcoin since $2.5k only takes you so far and requires a lot more care, plus a loss of aftermarket value.
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foxydoxy
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November 03, 2017, 06:24:06 PM |
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Always you can invest on BTC but in short time it doesn't profitable. I think you can invest on Altcoins like Litecoin, ETH and some ICOs as well. ETH is good these days and in 3-4 months ago it was good growth. Also a lot of people invest on it these days.
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MingLee
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November 03, 2017, 06:32:16 PM |
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I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
Mining hardware probably wouldn't be bad when it comes to making money over the long term, but looking at the markets you'd get way better returns investing into Bitcoin now and if you're still interested in mining later, then you can take some of your returns and invest them so you have a larger hashing power and larger returns from the mining hardware. Now it has been a while since I did any of this, so I don't know what kind of hashing power is the sort of barrier to entry when it comes to the entire mining game, but I would assume it is still relatively high.
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damrianto
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November 03, 2017, 06:56:36 PM |
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investing is a great way to become a millionaire, but investing in this bitcoin is a better way to invest. investing in the form of money is very time-consuming in the long run but investment in the form of coin it does not need a long time.This is how to place a better investment with bitcoin.
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grumpylittlepoodle
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November 03, 2017, 07:00:34 PM |
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I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
go straight for bitcoin then hold until you double your money because mining needs a lot of additional expenses aside from hardware like maintenance and electricity cost and that is if you already have a place to put your miner if you don't have you will have to rent a place that is why I think it is much better to just buy and hold BTC.
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Cryptopher
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Keep it dense, yeah?
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November 03, 2017, 07:06:43 PM |
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I personally wouldn't bother with mining gear as an investment.
Bitcoin looks like a good investment if you're prepared to hodl. I would hedge on some NMC/PPC too if you're prepared to trade as I think that will pump in the coming few days.
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Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT
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captianjojo (OP)
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November 03, 2017, 08:18:23 PM |
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After what I have heard I think I will just put it into btc for a few months what exchange should I use?
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metricspigjump
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November 03, 2017, 08:19:51 PM |
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I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
You could easily get a miner and mine altcoins then sell for btc, but you could also put it straight into btc, hold, and hopefully profit. Your choice op.
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iamaruf
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November 03, 2017, 08:48:45 PM |
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I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
I think mining is not a good idea.You should invest your money in bitcoin. and need to hold for long term.Because if you can hold bitcoin for long time you can make a good profit.But mining is very hard nowadays. Thanks
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Cryptoexchange cl
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November 03, 2017, 08:53:02 PM |
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Bitcoin, i did investment in ETH and didnt got much of it, i recommend also other possibly ICO's could appear in the future
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Mike Mayor
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November 03, 2017, 11:28:20 PM |
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I think you should buy bitcoin and then hold them for long enough to make enough profit to buy a mining rig. I think that is much safer and by then you will have had plenty time to do your research and learn all about mining. I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
go straight for bitcoin then hold until you double your money because mining needs a lot of additional expenses aside from hardware like maintenance and electricity cost and that is if you already have a place to put your miner if you don't have you will have to rent a place that is why I think it is much better to just buy and hold BTC. I think it's good to wait until it doubles like you said but I think the cost of electricity is not the biggest issue. Learning what to mine and when and how to setup a good mining rig is a bigger issue then the cost to run it.
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Donaldturp
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November 03, 2017, 11:29:59 PM |
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I think you should buy bitcoin and then hold them for long enough to make enough profit to buy a mining rig. I think that is much safer and by then you will have had plenty time to do your research and learn all about mining. I’m interested in investing $2500 should I just put it straight into btc or mining hardware?
go straight for bitcoin then hold until you double your money because mining needs a lot of additional expenses aside from hardware like maintenance and electricity cost and that is if you already have a place to put your miner if you don't have you will have to rent a place that is why I think it is much better to just buy and hold BTC. I think it's good to wait until it doubles like you said but I think the cost of electricity is not the biggest issue. Learning what to mine and when and how to setup a good mining rig is a bigger issue then the cost to run it. Some people including me want to invest in bitcoin mining hardware. But the price fluctuations are making us confused. What do you think about this? Should we directly invest and start mining without lookin at the current price of bitcoin on the market?
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mace15
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November 03, 2017, 11:35:09 PM |
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Bitcoin, i did investment in ETH and didnt got much of it, i recommend also other possibly ICO's could appear in the future
It is the best investment in bitcoin because possibly the price will become double than the current now. In Ico's we couldnt say it become success after, so I prefer to invest in bitcoin and hodling for long term is good.
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CrypticGambit
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November 03, 2017, 11:39:47 PM |
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This are my favorites.
Ethereum: Had 40x growth rate over the last two years. Allows to build fully-functional applications on blockchain without middlemen. Extremely promising currency, solid team (take a look at what Vitalik Buterin is doing right now). #2 crypto right now — but still 1/10 of the Bitcoin value. So even while being conservative, thinking that any crypto would not grow higher than BTC, it may grow 10x. Still 10x is a small amount — compared to other solutions on the market. So, not extremely yummy for a long game.
Factom: A blockchain-based system that’s optimized to store millions of realtime records with a single hash. Useful for all kinds of business apps. Runs on top of Bitcoin.
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