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Noobs, this is your best exit strategy. Read up
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Topic: Noobs, this is your best exit strategy. Read up (Read 2237 times)
Nemesis
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Noobs, this is your best exit strategy. Read up
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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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:26:34 PM
#2
Quote from: Nemesis on November 27, 2013, 07:25:21 PM
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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ElectricMucus
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:27:49 PM
#3
FYI block erupters have no ROI even at current prices.
kireinaha
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:27:58 PM
#4
Quote from: Nemesis on November 27, 2013, 07:25:21 PM
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.
Bitsurprise
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:29:20 PM
#5
This shouldn't be at the speculation section , plus thats a bad advice for noobs ...
caminilegroup
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:30:11 PM
#6
Quote from: ElectricMucus on November 27, 2013, 07:27:49 PM
FYI block erupters have no ROI even at current prices.
USB erupters no, but blades can roi within 6-12 months
Michael
MAbtc
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:36:49 PM
#7
Am I tripping or is this horrible advice?
e521
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Re: Noobs, this is your best exit strategy. Read up
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
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Nemesis
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:38:40 PM
#9
Quote from: kireinaha on November 27, 2013, 07:27:58 PM
Quote from: Nemesis on November 27, 2013, 07:25:21 PM
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.
ElectricMucus
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:40:22 PM
#10
Quote from: MAbtc on November 27, 2013, 07:36:49 PM
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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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:41:13 PM
#11
Quote from: e521 on November 27, 2013, 07:37:55 PM
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.
CalibrataBG
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:41:21 PM
#12
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
fred1111
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:41:35 PM
#13
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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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:42:05 PM
#14
Quote from: John999 on November 27, 2013, 07:39:41 PM
Quote from: Nemesis on November 27, 2013, 07:25:21 PM
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?
Nemesis
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:43:33 PM
#15
Quote from: CalibrataBG on November 27, 2013, 07:41:21 PM
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
What crash?
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?
GriTBitS
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:44:13 PM
#16
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
(OP)
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:51:51 PM
#17
Quote from: GriTBitS on November 27, 2013, 07:44:13 PM
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
cant disagree with this.
Exit = get a second job to buy btc.
ElectricMucus
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Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 07:52:41 PM
#18
dont fucking buy btc you idiots
the joint
Legendary
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Merit: 1020
Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 08:06:48 PM
#19
Quote from: ElectricMucus on November 27, 2013, 07:27:49 PM
FYI block erupters have no ROI even at current prices.
My block erupters reached ROI four times over. They're working on a fifth.
Nemesis
(OP)
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Merit: 250
Re: Noobs, this is your best exit strategy. Read up
November 27, 2013, 08:07:11 PM
#20
Quote from: jamesc760 on November 27, 2013, 08:05:01 PM
Only a fool would part with his btc for a miner...
However its more foolish to part btc for fiat....
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