bitcoinsrus (OP)
|
|
January 20, 2014, 07:31:00 PM Last edit: June 20, 2014, 10:39:46 PM by bitcoinsrus |
|
xx
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
Johnny Bitcoinseed
Full Member
Offline
Activity: 154
Merit: 100
Johnny Bitcoinseed
|
|
January 20, 2014, 07:32:35 PM |
|
Well, is that $12K you can afford to loose or is it all the money you have in the world? Answering that question is a good first place to start.
|
|
|
|
inspiredinvestor
|
|
January 20, 2014, 07:45:27 PM |
|
Hello, I have nearly $12,000 dollars and would like some advice on how to invest with bitcoin. Should I buy mining contracts from cloudhashing, cex.io, black arrow mining contracts should I just short trade on coinbase, should i mine myself
Please help me out with some advice. Thanks
why mine? why not buy bitcoin and hold tight at least a percentage
|
|
|
|
BurtW
Legendary
Offline
Activity: 2646
Merit: 1136
All paid signature campaigns should be banned.
|
|
January 20, 2014, 07:49:38 PM |
|
Investing in Bitcoins is risky, but there is the possiblity of a high reward.
Investing in Bitcoin mining is more risky and the reward is less.
You can do the math from here.
|
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
|
|
|
bitcoinsrus (OP)
|
|
January 20, 2014, 07:59:19 PM |
|
Yes bitcoin trading or holding long term seems best Mining or cloud mining is based on difficulty.
|
|
|
|
rednalexa
Member
Offline
Activity: 98
Merit: 10
|
|
January 20, 2014, 10:52:54 PM |
|
Buy BTC for 12.000$ at a site, withdraw them to your wallet, encrypt the wallet, put the wallet on one USB drive, and a backup on 2 other USB drives. Store the USB drives in different locations. Wait...
|
|
|
|
Cryptopher
Legendary
Offline
Activity: 1789
Merit: 1008
Keep it dense, yeah?
|
|
January 20, 2014, 11:30:34 PM |
|
Hello, I have nearly $12,000 dollars and would like some advice on how to invest with bitcoin. Should I buy mining contracts from cloudhashing, cex.io, black arrow mining contracts should I just short trade on coinbase, should i mine myself
Please help me out with some advice. Thanks
Avoid mining contracts, in fact, I dare say avoid mining full stop. You are in a great position to invest in some coin and hold tight. If you are feeling fruity then try trade a few coins on the market, but no further than that. Wait for a price that you feel comfortable to enter the market at and then go for it and never look back
|
Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT
|
|
|
bitcoinsrus (OP)
|
|
January 21, 2014, 02:23:59 AM |
|
Can someone please explain why bitcoin will get higher. Everyone seems to think this. I hope it does as well.
|
|
|
|
jonanon
|
|
January 21, 2014, 02:33:07 AM |
|
Bitcoin may increase in value if demand exceeds supply and more shops start taking BTC as a method of payment
|
|
|
|
okaynow
|
|
January 21, 2014, 03:24:11 AM |
|
Buy low, sell high, keep some aside. rinse, repeat, profit.
|
1PeecNu1J8VNKpgR13nasMZWLcMZrwNJfc
|
|
|
Revelations86
|
|
January 21, 2014, 05:01:53 AM |
|
I would say invest half in bitcoins and use the other half to build rigs for Scrypt mining (which is still profitable). This way, you don't put your eggs in one basket.
|
|
|
|
Duane Vick
Member
Offline
Activity: 84
Merit: 10
|
|
January 21, 2014, 05:56:52 AM |
|
I would invest about 25% of that in bitcoins at the current price. Then, look for any drops in price to purchase additional coins. Keep doing this until you are as vested in bitcoins as you want to be. This should give you a lower entry point into bitcoins. Then just sit on those coins.
I've been looking into mining bitcoins but after researching each option, I can't find any way to do it and feel sure of some degree of profit. Here's my take on bitcoin mining:
You have a box that you can put your cash into it and wait a year or two and in all probability, you will have a lot more cash when you open the box. On the other hand, instead of putting the money into the box, you spend all your money on a guy who promises to give you a box a few months from now only all the indications are that this box will have less money in it than the first box.
|
1FMDNUutcKVTEAph3c8xCvZie7HaCC3xDt If you feel that I've contributed anything worthwhile, please donate.
|
|
|
jojofosho
Newbie
Offline
Activity: 7
Merit: 0
|
|
January 21, 2014, 06:29:42 AM |
|
If the crypto currency community is new to you then the best way to invest your $12,000 is to buy the coin outright. Make the purchase, store is securely, and watch the market as you would a stock.
Mining shares is still a possibility because of the fact that your $12,000 may go a little longer up front; however it goes back to your base knowledge of the community and you are more likely to get suckered going that route (plus there is more management on your part here)
Having your own miners is another option, but to manage that all on your own could become overwhelming, and not everyone is in the business of having hot/loud computers running in their homes (and this is probably the heaviest to manage).
All in all this is just like any other investment in life. The simple fact that you are looking at throwing $12,000 at something shows that you have made wise financial decisions in the past; so keep an open mind and do what feels right.
|
|
|
|
bit-fxtrader
|
|
January 21, 2014, 09:06:47 AM |
|
I would say invest half in bitcoins and use the other half to build rigs for Scrypt mining (which is still profitable). This way, you don't put your eggs in one basket.
That's still the same basket.
|
|
|
|
lucas.arvalo84
Newbie
Offline
Activity: 28
Merit: 0
|
|
January 21, 2014, 09:16:38 AM |
|
Buy low, sell high, keep some aside. rinse, repeat, profit.
It seem to be easy
|
|
|
|
cz_miner
Newbie
Offline
Activity: 45
Merit: 0
|
|
January 21, 2014, 10:39:23 AM |
|
Try to make a portfolio of different altcoins. Some of them are pretty.
|
|
|
|
garcias
Member
Offline
Activity: 84
Merit: 10
|
|
January 21, 2014, 12:37:12 PM |
|
I would buy 5K in bitcoins 2K in litecoins and buy more 5K in bitcoins then exchange this 5K to--> EAC, DOGE, QRK, NXT, Zetacoin and others who can be really good but this is me not you
|
Support DigiByte DGB:DLLC7PPEZ7zxnB1RJd9hsvwr1HdJxFfGcb this is a scam: 69.5 BTC
[/quote
|
|
|
CaptainBeck
|
|
January 21, 2014, 12:41:33 PM |
|
Depends if you want to get your hands dirty mining.
If you want to make bank in the future with little work. Spend all your money on buying BTC.
If you want to get dirty, spend your money on some scrypt rigs, and mine scrypt coins. You get some nice hash with that amount of FIAT.
|
|
|
|
BurtW
Legendary
Offline
Activity: 2646
Merit: 1136
All paid signature campaigns should be banned.
|
|
January 21, 2014, 01:54:42 PM |
|
No mining at all - long term you are better in BTC.
No alt/shit/crap/joke/scam coins - longer term almost all of them will fail.
Just invest in BTC on the dips.
My 0.02 BTC.
|
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
|
|
|
garcias
Member
Offline
Activity: 84
Merit: 10
|
|
January 21, 2014, 05:37:02 PM |
|
No mining at all - long term you are better in BTC.
No alt/shit/crap/joke/scam coins - longer term almost all of them will fail.
Just invest in BTC on the dips.
My 0.02 BTC.
almost im pretty sure Bitcoin will become redundant in some years and a lot of them will take bitcoin place(some years in future not now) but i see some coins that are now at cents and will worth some $ in near future...
|
Support DigiByte DGB:DLLC7PPEZ7zxnB1RJd9hsvwr1HdJxFfGcb this is a scam: 69.5 BTC
[/quote
|
|
|
|