How to best invest in bitcoins?

[Andrewsiy]

Hi everyone! I'm just learning about bitcoins and I was wondering how to best invest in bitcoins on small but long term basis I live in the Philippines and cannot afford to buy hardware for mining. I've recently tried doing some faucets to better grasp how the wallet works and faucets seem like it will take forever to earn a single bitcoin. Any suggestions as to how to go about investing? The budget I can afford for this would be approximately $20-30 a month thanks in advance to anyone who would reply.

[Wusolini]

Hi everyone! I'm just learning about bitcoins and I was wondering how to best invest in bitcoins on small but long term basis I live in the Philippines and cannot afford to buy hardware for mining. I've recently tried doing some faucets to better grasp how the wallet works and faucets seem like it will take forever to earn a single bitcoin. Any suggestions as to how to go about investing? The budget I can afford for this would be approximately $20-30 a month thanks in advance to anyone who would reply.

Hi welcome to forum,

try cloudmining, but first make some search about.
check CLOUDMINING.GURU - YOUR #1 CLOUD MINING REVIEW SITE

e.g. pbmining is paying for long time.

or try newer [ANN] .0029 BTC per GH/s - 5 year contract or Cloudhashers - custom mining contracts starting from 0.01 BTC (no guarantee)

[Cryptocreek]

Buy GPU hardware and mine

[Andrewsiy]

@Wusolini - I was thinking of doing cloud mining but would investing in increments of $20 a month really gain a profit in cloud mining?

@Cryptocreek - Unfortunately I would not be able to afford purchasing a GPU and mining since my funds are very limited

Thank you

[Benjig]

Buy GPU hardware and mine

with gpu he will never make ROI, unless he starts to mine some altcoin in the beggining and it becomes succesful.

[Wusolini]

@Wusolini - I was thinking of doing cloud mining but would investing in increments of $20 a month really gain a profit in cloud mining?

@Cryptocreek - Unfortunately I would not be able to afford purchasing a GPU and mining since my funds are very limited

Thank you

cant tell you sure, Iam on same boat, I have few investments but nothing serious.

cloudhashers gives you 3% daily so thats very good profit. Too good, so be careful!

Pbmining, few of my friend joined from begining, now have invest back and still profiting, but mostly due to referrals

also can try cex.io, but rahter stay away from them.

 

[galbros]

Seriously, buy bitcoins, wait.  Mining is just buying bitcoins in a different way.  This is not to say never mine, but unless you know what you are doing or educate yourself you accomplish the same result.  Mining can be fun though!

Good Luck!

[lynn_402]

Hi everyone! I'm just learning about bitcoins and I was wondering how to best invest in bitcoins on small but long term basis I live in the Philippines and cannot afford to buy hardware for mining. I've recently tried doing some faucets to better grasp how the wallet works and faucets seem like it will take forever to earn a single bitcoin. Any suggestions as to how to go about investing? The budget I can afford for this would be approximately $20-30 a month thanks in advance to anyone who would reply.

Hi welcome to forum,

try cloudmining, but first make some search about.
check CLOUDMINING.GURU - YOUR #1 CLOUD MINING REVIEW SITE

e.g. pbmining is paying for long time.

or try newer [ANN] .0029 BTC per GH/s - 5 year contract or Cloudhashers - custom mining contracts starting from 0.01 BTC (no guarantee)

I would definitely not suggest "investing" in cloud mining. The gh/s on these site are 5x overpriced.
Before considering buying that, please make calculations on vnbitcoin.org/bitcoincalculator.php to see what a gh/s should really be worth.
Plus, these cloud mining sites mine on large pools which contributes to the centralization of Bitcoin mining.

I'd suggest instead to simply buy Bitcoins and hold them in a secure wallet.

[CEG5952]

I highly recommend against investing in mining or cloud mining contracts, unless you think you have a knack for altcoin speculation. I would set aside what spare money you have and just buy when you can. Are there sellers in your area on localbitcoins.com?

[chaosPT]

What i think is don invest in mining , invest on alt coin and you might get rich real quick

[lynn_402]

What i think is don invest in mining , invest on alt coin and you might get rich real quick

But don't take advices from the "Alternate Currencies" section of this forum
Investing in altcoins requires a lot of research on a coin's technology and community.

[Chicowash]

Simply invest directly in BTC and hold.

[jbrnt]

Mining used to be profitable, but now is like giving someone a load of money and have them return them to you bit by bit in diminishing amounts. The best way to get bitcoin is to buy them with fiat, sell stuff in bitcoin, or offer services in bitcoin.

[komakino]

I'm in the same situation as you.

Buying bitcoin is safe with slow profit and buying altcoin feels like gambling with fast profit or loss.
I guess the choice depends on character…me not sure what to do either   

[z7z7z7z]

buy hashes, alt coins or bitcoins and hold

[dbshck]

I suggest you to NOT invest on mining related.

Just buy your Bitcoin and hold it for months and year
But if you want a riskier, more exciting, and higher profits, then try to "invest" on altcoins

[commandrix]

Even if you buy just a tiny amount of Bitcoin every month, eventually you will get one Bitcoin. But if you want to do it faster than $20-30 a month will allow, I suggest earning some in your spare time by picking up jobs right here in the forum whenever you have some free time.

[Joca97]

i would invest in a gambling site )))

all btc and they will grow and grow because you o most everytime lose!

[Benjig]

Invest in bitcoin and altcoins trough ANXPRO exchange, and by now you can receive 15,000 dogecoin for first trade.

[Brewins]

try signature selling stuff(wait until you are member, or get a member account)
buy bitcoins and HODL or trade(not sure how easy is for you to buy them)
go to the service sections and see if you can find or create good stuff