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Author Topic: Noobs, this is your best exit strategy. Read up  (Read 2160 times)
Nemesis
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November 27, 2013, 07:25:21 PM
 #1

Use your btc and order mining hardware.... sit back and enjoy. Thats the best exit strategy. Price of btc drop? you wont have to worry about difficulty.... Price of btc rise? hell yeah you just make back your investment with your miner.

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theonewhowaskazu
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November 27, 2013, 07:26:34 PM
 #2

Use your btc and order mining hardware.... sit back and enjoy. Thats the best exit strategy. Price of btc drop? you wont have to worry about difficulty.... Price of btc rise? hell yeah you just make back your investment with your miner.



Lol, difficulty goes up either way.

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November 27, 2013, 07:27:49 PM
 #3

FYI block erupters have no ROI even at current prices.
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November 27, 2013, 07:27:58 PM
 #4

Use your btc and order mining hardware.... sit back and enjoy. Thats the best exit strategy. Price of btc drop? you wont have to worry about difficulty.... Price of btc rise? hell yeah you just make back your investment with your miner.



What mining hardware are you using?

Night gathers, and now my bitcoinwisdom watch begins.
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November 27, 2013, 07:29:20 PM
 #5

This shouldn't be at the speculation section , plus thats a bad advice for noobs ...
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November 27, 2013, 07:30:11 PM
 #6

FYI block erupters have no ROI even at current prices.

USB erupters no, but blades can roi within 6-12 months

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November 27, 2013, 07:36:49 PM
 #7

Am I tripping or is this horrible advice?
e521
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November 27, 2013, 07:37:55 PM
 #8

This is so wrong, if you want to exit go fiat or alt, dont spend money on ASIC as you will never roi at current hype

Nemesis
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November 27, 2013, 07:38:40 PM
 #9

Use your btc and order mining hardware.... sit back and enjoy. Thats the best exit strategy. Price of btc drop? you wont have to worry about difficulty.... Price of btc rise? hell yeah you just make back your investment with your miner.



What mining hardware are you using?

Its up to you to do your homework.

I would go with proven companies. KNCminer or Bitfury.

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November 27, 2013, 07:39:41 PM
 #10

Use your btc and order mining hardware.... sit back and enjoy. Thats the best exit strategy. Price of btc drop? you wont have to worry about difficulty.... Price of btc rise? hell yeah you just make back your investment with your miner.



Better to keep your BTC and buy your hardware with fiat.
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November 27, 2013, 07:40:22 PM
 #11

Am I tripping or is this horrible advice?

Looks like it's time for you to come over to bear camp pretty soon.
Nemesis
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November 27, 2013, 07:41:13 PM
 #12

This is so wrong, if you want to exit go fiat or alt, dont spend money on ASIC as you will never roi at current hype

Well i disagree.

If you decide to exit, then you believe the price wont rise in foreseeable time.

At this price mining hardware is cheap (5btc for a Jupiter) and you will make back your investment.

If price actually rise, you wont be left out because your mining some coins.



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November 27, 2013, 07:41:21 PM
 #13

This is the stupidest thing you could do at the moment!
I bought...before the last crash... AND I KNOW.
Until this moment I NEVER got back my investment.

This kind of "advice" makes me LOL  Tongue
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November 27, 2013, 07:41:35 PM
 #14

Noobs stand a chance at speculating on USD/BTC exchange rate. They don't stand a chance at speculating on the difficulty. The house (chip manufacturers) always wins.
Nemesis
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November 27, 2013, 07:42:05 PM
 #15

Use your btc and order mining hardware.... sit back and enjoy. Thats the best exit strategy. Price of btc drop? you wont have to worry about difficulty.... Price of btc rise? hell yeah you just make back your investment with your miner.



Better to keep your BTC and buy your hardware with fiat.

LOL we're talking about "exit"..... they want to sell btc for fiat. Then buy hardware with fiat?

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November 27, 2013, 07:43:33 PM
 #16

This is the stupidest thing you could do at the moment!
I bought...before the last crash... AND I KNOW.
Until this moment I NEVER got back my investment.

This kind of "advice" makes me LOL  Tongue

What crash?  Grin

LOL if you sold your BTC for fiat, you dont have investment to begin with LOL.

I'm sure any miners have made back their investment in fiat.... which is what noobs want isnt it? Fiat?
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November 27, 2013, 07:44:13 PM
 #17

Here is best advice!!!! Get a second job and buy bitcoin!  Live a minimal lifestyle and invest the rest of your fiat in Alts


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Nemesis
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November 27, 2013, 07:51:51 PM
 #18

Here is best advice!!!! Get a second job and buy bitcoin!  Live a minimal lifestyle and invest the rest of your fiat in Alts

LOL  Grin cant disagree with this.

Exit = get a second job to buy btc.
ElectricMucus
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November 27, 2013, 07:52:41 PM
 #19

dont fucking buy btc you idiots
the joint
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November 27, 2013, 08:06:48 PM
 #20

FYI block erupters have no ROI even at current prices.

My block erupters reached ROI four times over.  They're working on a fifth.

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