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Author Topic: Is there anything worth buying?  (Read 2037 times)
sgk
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January 13, 2015, 11:23:28 AM
 #21

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring. 

Is there any gear that would be just as enticing as buying bitcoin right now?

You can split your investment 50% - 50% between Bitcoin and alt-coins.
Keep 50% in Bitcoin to be safe since alt-coins are comparatively risky.

Have a look at this, it gives some idea of promising alt-coins to invest in 2015:
http://fuk.io/january-2015-report-best-altcoins-and-cryptos-to-mine-and-invest-in-for-high-profits/

This is really a good guide, thanks.

You're welcome, but remember to not fall in love with any currency. If you read the title of the article carefully, you'll know what it says: "cryptos-to-mine-and-invest-in-for-high-profits" - it means you should never forget to sell when you think it has reached its peak value. Or better yet, don't wait for the peak value (nobody knows the peak value anyway) but set your own profit target and sell when this target is achieved.
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picolo
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January 13, 2015, 12:21:23 PM
 #22

So I'll have about $1K that I want to put towards bitcoin investment or generation of bitcoins somehow.  I've parted out my gpu rigs but am still interested in a mining aspect.  I've looked into cloud mining and some rigs that are coming out.

Mostly, the advice I've gotten is to just buy bitcoin.  But I want to do something that would be more enduring. 

Is there any gear that would be just as enticing as buying bitcoin right now?

You can split your investment 50% - 50% between Bitcoin and alt-coins.
Keep 50% in Bitcoin to be safe since alt-coins are comparatively risky.

Have a look at this, it gives some idea of promising alt-coins to invest in 2015:
http://fuk.io/january-2015-report-best-altcoins-and-cryptos-to-mine-and-invest-in-for-high-profits/

This is really a good guide, thanks.

You're welcome, but remember to not fall in love with any currency. If you read the title of the article carefully, you'll know what it says: "cryptos-to-mine-and-invest-in-for-high-profits" - it means you should never forget to sell when you think it has reached its peak value. Or better yet, don't wait for the peak value (nobody knows the peak value anyway) but set your own profit target and sell when this target is achieved.

It's gambling when most alt coins don't have a function and when Bitcoin is superior.
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January 13, 2015, 02:26:57 PM
 #23

At this fiat price of almost $200 a coin, there really is no reason to mine at all.  NONE.

If you're interested in Bitcoin at all and want to get involved, buy 5 coins with $1000.

You'll never mine back 5 BTC no matter what you buy with a $1000 budget.

CharityAuction
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January 13, 2015, 02:56:06 PM
 #24

At this fiat price of almost $200 a coin, there really is no reason to mine at all.  NONE.

If you're interested in Bitcoin at all and want to get involved, buy 5 coins with $1000.

You'll never mine back 5 BTC no matter what you buy with a $1000 budget.

Said like that it seems smart but you can still profit from some cloud mining companies.
ChuckBuck
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January 13, 2015, 03:11:31 PM
 #25

At this fiat price of almost $200 a coin, there really is no reason to mine at all.  NONE.

If you're interested in Bitcoin at all and want to get involved, buy 5 coins with $1000.

You'll never mine back 5 BTC no matter what you buy with a $1000 budget.

Said like that it seems smart but you can still profit from some cloud mining companies.

Profitting for a payment or 2 doesn't mean it's really worth it.  As a senior member yourself, you should be educating the noobs to not trust these cloud mining sites, PERIOD.

All newbies please ignore what he said and look at this guide, before you even click on these scam cloud mining sites:

https://bitcointalk.org/index.php?topic=878387.msg9697654#msg9697654

Looks like the site you're promoting cloudminr.io is a ticking timebomb ponzi as well, so I'd get out before they up and vanish.

CharityAuction
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