do you really think this make sense financially - I did the math - it does not look like a good investment to me.
If you are looking at btc vs. btc, it might not. If you compare fiat to fiat and can handle the risk of failure to pay "insurance", then this makes sense. Besides, using a credit card through paypal keeps you covered. My card covers transactions up to a year (man paypal hates that!)
yeah the risk for me for about 60 days is the price of btc no more no less. I have been doing this game for around 2 and a half years.
The keys are no delivery risk + slow delivery risk + doa gear risk must be avoided.
BTC price is the only risk you want to take.
So why not buy and hold coins?
I do buy and hold coins. In the USA buying and holding coins is passive investment subject to different tax laws. then mining. This deal would be mining and would be active income i.e. a small business. Different taxes etc.
I want a mix of btc setups for my tax purposes not all buy and hold withbtc.
So I have hosting here.
I will have hosting again with bobsag3
I have coins held.
I have mining in house. both script and btc
I have a very little bit of cloud at cex.io and scrypt.cc .
I do a little bit of ebay sales.
Each of the above are handled a bit different tax wise so I can legally move more to what works best for me tax wise. fast if need be . by fast a day or so.