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MegaHustlr
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February 03, 2014, 05:15:37 PM |
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buy some btc through localbitcoins.
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R0yalAir
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Activity: 84
Merit: 10
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February 05, 2014, 03:29:09 AM |
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rglinvest take these 2k$ and invest a mining rig
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bitcerto
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February 05, 2014, 03:37:04 AM |
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VTC.
Look at a 24 hour graph on CoinedUp (it'll load in three hours). It'll dip soon on Cryptsy, but I'm guessing a bigger peak after that. I bought last night and tripled my BTC value. Not selling yet, I think VTC is bound for greatness.
I'd go $750 in BTC, $250 in LTC, $1,000 in VTC. Depends how risky you want to play it, though.
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texaschainsaw54
Newbie
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Activity: 56
Merit: 0
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February 05, 2014, 05:00:37 AM |
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personally I would put it into Dogecoin. Its predicted to skyrocket due to it about to half
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larem
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February 05, 2014, 05:23:47 AM |
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I have heard buying rather than mining is the way to go
But lots more knledgeable people on dis forum who can help
For sure, buy instead of mine. Even if you mine back the same USD over time, the Bitcoins themselves would likely be worth more. ie. *You spend $2000 at $1000 per BTC, on a miner *After it dies, you've mined back 1.2 BTC but they are now worth $10k each. You have $12k so you've earned 10k Instead of this, though, you could have bought 2 BTC and you'd have $20k, or an increase of 18k. |
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Sonny
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February 05, 2014, 07:37:43 AM |
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I have heard buying rather than mining is the way to go
But lots more knledgeable people on dis forum who can help
For sure, buy instead of mine. Even if you mine back the same USD over time, the Bitcoins themselves would likely be worth more. ie. *You spend $2000 at $1000 per BTC, on a miner *After it dies, you've mined back 1.2 BTC but they are now worth $10k each. You have $12k so you've earned 10k Instead of this, though, you could have bought 2 BTC and you'd have $20k, or an increase of 18k. Exactly. If your mining profitability comes from the expected uprising bitcoin price, it would be better for you to just buy bitcoin directly. Profit more, and work less.  |
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larem
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February 05, 2014, 07:58:43 AM |
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I have heard buying rather than mining is the way to go
But lots more knledgeable people on dis forum who can help
For sure, buy instead of mine. Even if you mine back the same USD over time, the Bitcoins themselves would likely be worth more. ie. *You spend $2000 at $1000 per BTC, on a miner *After it dies, you've mined back 1.2 BTC but they are now worth $10k each. You have $12k so you've earned 10k Instead of this, though, you could have bought 2 BTC and you'd have $20k, or an increase of 18k. Exactly. If your mining profitability comes from the expected uprising bitcoin price, it would be better for you to just buy bitcoin directly. Profit more, and work less. And risk less... the more variables you bring into the picture (like hardware), the more risk you're adding. |
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Smileyftw
Member
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Activity: 70
Merit: 10
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February 05, 2014, 08:26:25 AM |
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Take these 2000$ and pay a developer to build a cloud mining.
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Sonny
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February 05, 2014, 08:31:51 AM |
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Take these 2000$ and pay a developer to build a cloud mining.
And sell overpriced hashrate to newbies? Sounds like a plan to get rich  |
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Smileyftw
Member
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Activity: 70
Merit: 10
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February 05, 2014, 09:12:41 AM |
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Take these 2000$ and pay a developer to build a cloud mining.
And sell overpriced hashrate to newbies? Sounds like a plan to get rich That's the point  I meant that's something common out there |
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Akytan
Newbie
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Activity: 24
Merit: 0
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February 05, 2014, 10:12:57 AM |
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Take these 2000$ and pay a developer to build a cloud mining.
And sell overpriced hashrate to newbies? Sounds like a plan to get rich Everybody try it. |
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nasamanBoy
Newbie
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Activity: 14
Merit: 0
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February 05, 2014, 11:02:36 AM |
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a good choice...
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Sonny
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February 05, 2014, 11:19:38 AM |
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a good choice...
BFL pre-orders can never be good IMHO  |
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ltcifc
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February 06, 2014, 05:23:35 PM |
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personally I would put it into Dogecoin. Its predicted to skyrocket due to it about to half
You probably make wrong choices in your life. |
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Sonny
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February 07, 2014, 08:55:18 AM |
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personally I would put it into Dogecoin. Its predicted to skyrocket due to it about to half
You probably make wrong choices in your life. lol It is predicted to be a pump and dump. |
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ndonnard
Member
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Activity: 109
Merit: 10
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February 27, 2014, 07:59:04 AM |
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It's much better to buy Btc. Any current mining gear really isn't a good investment.
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vnvizow
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February 27, 2014, 08:05:53 AM |
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Don't invest in bitcoin mining, you won't be able to have enough hashing powers. If you want invest in some Good GPU's and mine some other alt-coins. Buy Bitcoins if you want, next spike is in 4 months
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elavenil
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February 27, 2014, 04:04:28 PM |
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Your best bet is investing in GPU. You can start mining scyrpt coins and exchange to btc.
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TrailingComet
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February 27, 2014, 04:49:24 PM |
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imo just buy the btc, eschew mining if you can
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Armis
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February 27, 2014, 04:55:08 PM |
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Use this calculator to see if it's worth it. http://mining.thegenesisblock.comAlso take into account how long it'll take to get to you and setting it up to mine. I dumped $7k into building my rigs. I would've made more if I just bought $7k worth of coins. Plus my electricity bills are $3k per quarter. So yeah, I'd buy coins instead. Hope that helps. =) you gave no consideration for any real potential loss of btc for example if the money was in Mt Gox, or BitInstant not to mention if it was up it too high like those who invested in btc at anything over 900, the money is essentially trapped, that could eat away at you. |
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