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Author Topic: Got in too deep too late!  (Read 1667 times)
Bitcraft
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September 11, 2011, 01:32:32 PM
 #21

I have solution - stolen electricity  Grin

go on....
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September 11, 2011, 01:37:47 PM
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I am in a similar situation, spend a bit on hardware, maybe GBP250. Mined about BTC100 over the past few months and bought about BTC150 on the markets and making a small negative ROI overall. Not too bothered as I have other successful investments outside of BTC..
However it's recently occured to me that for BTC to be a success we need to be actively trading with it for real world stuff, not just hoarding or gambling on exchanges, avoiding the two extremes of the paradox of thrift. Hence my new acount here because I need to start dealing with people on the market place forums.
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September 12, 2011, 08:05:50 AM
 #23

Just my 2 cents since we're all stuck in the newbie section together Wink You've already invested the cash. If you really don't think bitcoins will come back, then quit mining and call it a loss.  But if you think the price will go up, maybe not to previous levels but at least to profitable levels, just keep mining and hold coins til later.

True investing isn't about quick returns.  If this is an investment than you have to look at the long term process.

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September 12, 2011, 03:13:28 PM
 #24

Just my 2 cents since we're all stuck in the newbie section together Wink You've already invested the cash. If you really don't think bitcoins will come back, then quit mining and call it a loss.  But if you think the price will go up, maybe not to previous levels but at least to profitable levels, just keep mining and hold coins til later.

As I said before it might be wiser to sell his rig and buy bitcoins with the fiat he gets from that.

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September 12, 2011, 09:43:28 PM
 #25

Good post, thanks for sharing.

Take comfort in the fact that you are not alone. At least you bought some hardware that you can still sell. There's also people who bought bitcoins when they costed $30, thinking they could only go UP UP UP.

Wow? "up up up"? Who said that?
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September 13, 2011, 01:07:17 AM
 #26

Well it went UP from $4 plus to S$6 plus Smiley still a long way from $30
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