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Author Topic: Best investment at this time?  (Read 1521 times)
thirdprize (OP)
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May 17, 2014, 10:33:01 AM
 #1

Say I have some money (not A LOT but enough) and I want to invest it in something bit coin related.  What is my best bet?  As I see it there are several things I can do with my money.

1)  Get some hardware and start mining.  LOL.
2)  Buy some Bitcoins.
3)  Invest in virtual cloud hashing.
4)  Something else?

The first one is a no go.  The third one sort of assumes you earn more btc than you spend on the contract (or its monetary equivalent).  Lots of ifs there.

Buying btc seems a good option but if you look at the price charts for the last year, the prices are high and they are still going down.  They re still about 4x what they were last year.  If you buy now the value may go down before it goes back up again.  In which case its best to wait till it bottoms out and buy then.

Any suggestions on option 3?

My gut says do something but my brain says leave it 6 months.


Bit-Gods
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May 17, 2014, 10:44:15 AM
 #2

You can try to get into the crypto-currency world.
you need to learn a little bit before you put big amount of money. just start with 10% of what you got to study the market.
I can always help and give some tips to start.

For example,  NAUTcoin and DARKcoin rised in more than 600% in couple days. Some people made a nice ride on it  Cool

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May 17, 2014, 10:47:13 AM
 #3

You will only identify the bottom afterwards.

Definitely don't buy.

It is always advantageous to not have other people do what youre doing.  If you're in buy mode you want a nice low price so you want others selling.

And vice versa.

Make your own decisions.  Don't ask for advice.

And don't buy.  Always wait until the hordes are buying.  Stick with the flock so you can be fleeced

Gathering bitcorns.
thirdprize (OP)
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May 17, 2014, 11:13:59 AM
 #4

You can try to get into the crypto-currency world.
you need to learn a little bit before you put big amount of money. just start with 10% of what you got to study the market.
I can always help and give some tips to start.

For example,  NAUTcoin and DARKcoin rised in more than 600% in couple days. Some people made a nice ride on it  Cool

Might check that out.  Toyed with the idea of investing 1/5 in each of the 5 big crypto coins, to hedge my bets.  Most of them seem to be in a slump at the moment though.

I suppose find out whatever is big on Silk Road II and go with that.  Wink

Bit-Gods
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May 17, 2014, 11:23:31 AM
 #5

You can try to get into the crypto-currency world.
you need to learn a little bit before you put big amount of money. just start with 10% of what you got to study the market.
I can always help and give some tips to start.

For example,  NAUTcoin and DARKcoin rised in more than 600% in couple days. Some people made a nice ride on it  Cool

Might check that out.  Toyed with the idea of investing 1/5 in each of the 5 big crypto coins, to hedge my bets.  Most of them seem to be in a slump at the moment though.

I suppose find out whatever is big on Silk Road II and go with that.  Wink

make a research before you put the money in.

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May 17, 2014, 11:26:42 AM
 #6

Buy the underlying (Bitcoin) not a derivative.
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May 17, 2014, 11:34:33 AM
 #7

I would say option two makes the most sense at this time since the price is down
Can invest it in just dice or just hold it and see where it goes in the long run.

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Bit-Gods
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May 17, 2014, 12:20:23 PM
 #8

I would say option two makes the most sense at this time since the price is down
Can invest it in just dice or just hold it and see where it goes in the long run.
Dice=lose your money  Angry

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May 17, 2014, 12:24:13 PM
 #9

I would buy btc initially, and as I learned more diversify into other coins
Mining is tricky to do profitably, alt mining maybe once you get a feel for relative value

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May 17, 2014, 12:26:57 PM
 #10

In my opinion you buy some btc and keep them for long term purpose its give you some better profit in future or invest in some alt coins but first do some your own research about this

RCHumphrey
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May 17, 2014, 01:22:51 PM
 #11

Do nothing.

Spend more time around here, really keep an eye on the charts and speculation, then when you are ready to buy in BTC you will not need to post asking other people Smiley

Definitely don't start mining or cloud hashing imo.

If you are really keen take a look at alt coins and find some reputable and active devs starting coins which are different (i.e. have an actual benefit over Bitcoin, or at least a perceived benefit), investing a small amount there could pay off.

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May 17, 2014, 01:43:34 PM
 #12

Buy some btc now.  These low prices won't last forever.
zuqka
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May 17, 2014, 02:12:44 PM
 #13

buy NXT while is still affordable....you cant go wrong!

nxt: NXT-2V7G-C8BY-KTYY-CAHNU * btc: 19UcQHepGvXb2fDcAMBJo1a3iduqBNXaGw * byte: XJBP46RQ7OZ6KKY4IXKL73VQBDKRIYJ4
Bit-Gods
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May 17, 2014, 02:18:10 PM
 #14

buy NXT while is still affordable....you cant go wrong!

Stop trolloing  Angry

thirdprize (OP)
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May 18, 2014, 09:23:16 AM
 #15

... you will not need to post asking other people Smiley

Just though there might be something else that I was missing. 

RCHumphrey
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May 18, 2014, 11:04:26 AM
 #16

In truth, it is important that you understand 100% the risks and possible gains from any investment so its a fair question, but already we have someone in this thread pumping away and you will have a lot of biased opinions here in my opinion. That in itself is a risk.
devphp
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May 18, 2014, 11:38:46 AM
 #17

Something else
Malin Keshar
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May 18, 2014, 12:25:37 PM
 #18

something else = from time to time go to section service to see if you can get some bitcoins, and be part of a signature renting campaign. Also from participate in the free giveaways and IPOs of new altcois, you might hit the jackpot and win some decent money for free.

If you going to invest in altcoins, see if they offer something new and have a viable market segment where they can live and grow. Simply copycats with another name most probly will die sooner or later.
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May 18, 2014, 12:26:44 PM
 #19

The best invest is :
4/ buy or build your own house.
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May 18, 2014, 12:28:33 PM
 #20

You best choice if you want to invest in Bitcoin-related items would be to choose... Bitcoin. Really just buy some now, store them away in something safe and come back in five years time and check out how you've done. You'll probably be pleasantly surprised. That being said as with any investment I wouldn't advise going full blown and chucking everything you own into it - on the chance it fails you'll be set back quite a bit. Just buy enough that you'd be comfortable with the losses - Bitcoin is still experimental despite how far its come.
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