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Author Topic: New to bit coin. How much to invest?  (Read 552 times)
Lionofzion
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August 15, 2011, 02:14:28 PM
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Hi, I am completely new to this scene and was informed of it by a good friend who has been running a small computer shop for a while. My home computer was really setup for gaming/media and I am trying to decide if I should just switch out my gtx580 for a 6990 or bump up my psu and run two or even three. It's really a matter of what may come of the market and how long it will take me to make my money back if I go big. I have a hookup on the cards for about $500 each. I will eventually need some advice on who to get pooled with, who to trust or not, etc. But for now I am trying to decide what's the wisest thing to do with investing in the market. Thanks
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yossarian
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August 15, 2011, 02:18:01 PM
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Why not do it like Falkvinge? Cheesy

http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/

I'm always buying and selling BTC, PM me for details. Rating and GPG-key: http://is.gd/yossarian

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evolve
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August 15, 2011, 02:33:56 PM
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only invest what you can afford to lose. (read that again...it's important)

no one knows what BTC will do tommorrow...the price could skyrocket or there could be a massive panic sale that drops the price to zero.... no one knows, and its a very risky investment.

if i were you, id skip the mining altogether and buy directly into the market...
brocktice
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August 15, 2011, 02:34:39 PM
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Bitcoin is still highly experimental. Don't invest anything you're not willing to lose. In the case of buying hardware, your worst case is using the hardware for something else or trying to sell it used in a market flooded with mining hardware.

http://media.witcoin.com/p/1608/8----This-is-nuts

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