topshot
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January 22, 2014, 02:24:47 PM |
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Invest in Bitcoin by A) Buying some bitcoin, B) If you have the funds buy a mining machine and C) Promote bitcoins use with merchants, friends and family which will increase your return of A and B.
Mining is still profitable but the margins are getting tight and it's expensive to get in. However, as BTC increases relevant to USD, you'll make your return.
If you've got Fiat money, hold a good portion of it as spending money in BTC (Find people who sell what you want in BTC. They usually offer it at a discount to USD price), invest some in actual investments like a business or a Bitcoin business and save the rest to pay bills that will only accept fiat currency.
BTC is not an investment. It is a currency. It's only an investment if you are going to convert it back to USD currency as the USD weakens. Rarely will you hear someone say 'I'm going to invest in Euros etc...'. They'll usually say 'I'm going to hedge against X with Euros'.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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ipoomyself (OP)
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January 22, 2014, 02:30:40 PM |
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he died from bowel cancer miserable old sod always took the piss out of me but now i have the last laugh i was just being nice to him until he passed.
im seriously considering buying at 30gh model all i have to do is wait and leave my pc on 24/7 so i may reap the rewards in the future... however spending £500-£2000 is a bit waste if it goes tits up.
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hilariousandco
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January 22, 2014, 03:32:14 PM |
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BTC is not an investment. It is a currency. It's only an investment if you are going to convert it back to USD currency as the USD weakens. Rarely will you hear someone say 'I'm going to invest in Euros etc...'. They'll usually say 'I'm going to hedge against X with Euros'.
How do you work that out? It's a currency that people are using as an investment. You can invest in other currencies too. |
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byt411
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January 22, 2014, 05:08:46 PM |
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he died from bowel cancer miserable old sod always took the piss out of me but now i have the last laugh i was just being nice to him until he passed.
im seriously considering buying at 30gh model all i have to do is wait and leave my pc on 24/7 so i may reap the rewards in the future... however spending £500-£2000 is a bit waste if it goes tits up.
Well, you obviously value money more than love. Would you give the money back to have him back if you could? |
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oprahwindfury
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January 22, 2014, 05:49:40 PM |
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If you think bitcoin will become a global currency to replace or rival fiat than I would suggest to get your feet wet. We would still be in the innovation phase. I think we're still in the innovation phase, and not because I think that Bitcoin is going to take over as the global currency. Look at what's happening around you bitcoin-wise. We've seen new technology that is trying to keep pace with bitcoin, new miners, new atms, countries recognizing btc.
There's more importance to bitcoin than just getting rich (Well I guess that's a bonus for the very very early adopters). Just because BTC is still in the innovation phase does not mean that the price is going to skyrocket as it progresses into larger adoption. Logically, the price will rise as demand rises, but don't be a fool and equate people adopting the currency into dramatic price gains.
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Stevenrm87
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January 25, 2014, 10:18:56 PM |
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buy FTC at 36 watch BTC-e announce they are pairing FTC with USD and boom double your $. Same thing happened with PPC they are sneaky. Prob even coordinated the attack on the forum yesterday to get sells to come into their 300BTC buy order.
FTC is going to sink further unless there is some serious news. The buy wall at 36 will break soon enough. What makes you think that they are adding FTC/USD anytime soon? Having said this, it may be necessary as it is way too crowded in FTC/BTC. Its just a hunch. They used a few dirty tactics to accuire alot of FTC . Another one was that they were delisting FTC (price dropped like 60%/BTC then later that day they recanted with an oops it was a mistake. Shorty after FTC rose 500% to like $1.20 a coin. They have tons of FTC they will not just let it die. Watch remember this convo and see what happens shortly lol anyone see this coming? |
Selling fully funded Titan BTC Physical Bitcoins, Gold and SIlver - BTC Physical Bitcoins BTC PM if interested.
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Matttm
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January 26, 2014, 12:05:59 AM |
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its never too late  the crypto currency is always a risk but bitcoin is a rising stock! |
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chocomav
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February 01, 2014, 03:51:30 PM |
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You're probably better off investing in bitcoin directly as it has the potential to double by year's end - and certainly if you simply hold it long-term.
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Sonny
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February 01, 2014, 04:15:17 PM |
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Just buy bitcoin/litecoin directly. It is very different to get btc mining profitable at this stage, but if you really want to mine, you can build GPU rigs for scrypt coin mining. |
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oxfardk
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February 01, 2014, 04:46:09 PM |
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everyday you can buy some new altcoins
so it's never too late to get involved
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CaptainBeck
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February 06, 2014, 11:27:49 AM |
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everyday you can buy some new altcoins
so it's never too late to get involved
Whats the point of buying most of the new alt coins?? Most will amount to nothing and are normal over inflated at the start because of hype, better to mine the new alt coins and sell wen they get a market. 42 is a great example of a massively over hyped coin that dived after markets opened. |
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mladen00
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K-ing®
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February 06, 2014, 12:05:55 PM |
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if you dont have min 20Ghash power it is bettter to mine some new cryptocurrencies....and then sell for BTC
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IOTA
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hilariousandco
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February 06, 2014, 01:22:20 PM |
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everyday you can buy some new altcoins
so it's never too late to get involved
Whats the point of buying most of the new alt coins?? Most will amount to nothing and are normal over inflated at the start because of hype, better to mine the new alt coins and sell wen they get a market. 42 is a great example of a massively over hyped coin that dived after markets opened. Most of these 'hyped' coins are just fraudulently traded to inflate their price and sucker newbies in. |
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uptweets
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February 06, 2014, 01:43:10 PM |
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everyday you can buy some new altcoins
so it's never too late to get involved
Whats the point of buying most of the new alt coins?? Most will amount to nothing and are normal over inflated at the start because of hype, better to mine the new alt coins and sell wen they get a market. 42 is a great example of a massively over hyped coin that dived after markets opened. Most of these 'hyped' coins are just fraudulently traded to inflate their price and sucker newbies in. Yes, just stick to Bitcoin. |
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Kiki112
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February 06, 2014, 05:58:55 PM |
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it's never too late, bitcoin will keep growing forever  |
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crazy-pilot
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February 06, 2014, 06:35:26 PM |
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It is still not late. Invest in alt coins.
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DrHerbSmoker
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February 06, 2014, 07:04:49 PM |
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Everyone should own at least 1 bitcoin. There are only 12 million in existence and there are 7 billion people in the world. If you have 1 bitcoin you would be in the top 0.1 percent of bitcoin wealthy people in the world. All it costs it 800 dollars now. If you really believe bitcoin has any future potential, act immediately.
this is how you need to look at things because bitcoin will be a worldwide used currency. I believe the the coins will always rise in value over the years so everyone should invest now. think about if you would have invested 1000$ 2 years ago... you would have made a nice chunk of money. bitcoin is still small enough for people to get in cheap. |
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abofj
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February 06, 2014, 11:51:56 PM |
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I probably isn't worth trying to mine BTC now - actually buying Bitcoin is likely to offer a lot better return on investment If it isn't, then who mines the rest coins? I've understood there is still some. |
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Sonny
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February 07, 2014, 08:35:16 AM |
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I probably isn't worth trying to mine BTC now - actually buying Bitcoin is likely to offer a lot better return on investment If it isn't, then who mines the rest coins? I've understood there is still some. Some don't understand the affect of difficulty on profitabilty. Some mine for fun and to support the bitcoin network. |
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byt411
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February 07, 2014, 05:49:53 PM |
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I probably isn't worth trying to mine BTC now - actually buying Bitcoin is likely to offer a lot better return on investment If it isn't, then who mines the rest coins? I've understood there is still some. Some don't understand the affect of difficulty on profitabilty. Some mine for fun and to support the bitcoin network. Some just want to earn money, some want the BitCoin Currency to be accepted as a currency. |
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