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Author Topic: Bitcoin investment ? Cloud mining ?  (Read 5947 times)
picolo
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February 19, 2015, 04:41:41 PM
 #61

I would absolutely suggest trading. Bitcoin hasn't found its bottom yet, nor did it stabilise. You can play off volatility well, but only after doing some research on trading and how it should be done.

Trading is not easy. It just seems easy.
sifter
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February 21, 2015, 06:29:05 AM
 #62

Don't look into cloud mining.

Chances are you're never going to ROI.

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Herbert2020
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February 21, 2015, 06:55:33 AM
 #63

I would absolutely suggest trading. Bitcoin hasn't found its bottom yet, nor did it stabilise. You can play off volatility well, but only after doing some research on trading and how it should be done.
i would suggest trading too. BUT it is not like you can just wake up some morning and say i am going to start trading BTC. it needs experience or information otherwise you will lose money

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
ranochigo
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February 21, 2015, 07:00:57 AM
 #64

I would absolutely suggest trading. Bitcoin hasn't found its bottom yet, nor did it stabilise. You can play off volatility well, but only after doing some research on trading and how it should be done.
i would suggest trading too. BUT it is not like you can just wake up some morning and say i am going to start trading BTC. it needs experience or information otherwise you will lose money
Also, there have been many exchanges which got hacked, you may lose money in the process of trading. It comes with much more risk than you think.

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February 21, 2015, 07:12:37 AM
 #65

I would absolutely suggest trading. Bitcoin hasn't found its bottom yet, nor did it stabilise. You can play off volatility well, but only after doing some research on trading and how it should be done.
i would suggest trading too. BUT it is not like you can just wake up some morning and say i am going to start trading BTC. it needs experience or information otherwise you will lose money
Also, there have been many exchanges which got hacked, you may lose money in the process of trading. It comes with much more risk than you think.
No, I would not go as far and claiming that using exchanges is risky. It is not if you are doing it right. If you want to keep large sum of BTC directly on exchange's servers you are doing it wrong. Sell only small amount of btc or transfer your desirable amount just before you want to sell or buy. That way you are minimizing chances of exchange being hacked with your money on their account.
Bitcoin Explorer
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February 21, 2015, 07:29:52 AM
 #66

I would absolutely suggest trading. Bitcoin hasn't found its bottom yet, nor did it stabilise. You can play off volatility well, but only after doing some research on trading and how it should be done.
i would suggest trading too. BUT it is not like you can just wake up some morning and say i am going to start trading BTC. it needs experience or information otherwise you will lose money
More importantly, you need to choose the right exchange with enough trust and even though this is done, exchanges can be hacked.
Moreover, trading crypto is a very difficult task. not cakewalk

pereira4
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February 21, 2015, 11:20:39 PM
 #67

Lots of mining bussines went broke cloud wise, its not very profitable unless you want to hold the coins long term and be on a lose for a while.
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February 22, 2015, 12:37:07 AM
 #68

never ever invest in cloud mining , its just another big big ponzi. you wont ever profit from it.
bitwarrior
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February 22, 2015, 12:59:23 AM
 #69

At the current setting, investing on cloud mining is a no go. You will not even break even on the investment you made. You might better try trading instead to make a profit than investing it on cloud mining.
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February 22, 2015, 12:31:05 PM
 #70

never ever invest in cloud mining , its just another big big ponzi. you wont ever profit from it.
Don't assume every single cloud mining service as a ponzi, there are some legit ponzis which are proven to be mining on actual hardwares and paying using it. Most wouldn't roi however.

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fcc323
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February 22, 2015, 03:13:46 PM
 #71

Do not do cloud mining. Price is low right now, not very profitable.
steven.G999
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February 22, 2015, 03:41:17 PM
 #72

Just buy as many as BTC you can
Hold it , and sell it later after price up Smiley

either way it's not done now, because bitcoin prices always go down. I fear too much to buy and the price is getting down, would make him mad
Dr Charles
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February 22, 2015, 03:43:40 PM
 #73

CHeck out the Bit from the Block Mining Project.

It is the first Diversified Cloud Mining Platform available.

https://coinsortium.co/project/BFTB

Join the Bit from the Block thread at Hashtalk.org and Bitcointalk.org
https://hashtalk.org/topic/16505/bit-from-the-block-mining-ipo-diversified-mining-1gh-at-a-time/
https://bitcointalk.org/index.php?topic=851442.0

Dread Pirate Roberts
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February 22, 2015, 06:00:50 PM
 #74

everythin will be over with run away . hack news
so dont invest in hyip thats for me.
champbronc2
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February 22, 2015, 06:50:16 PM
 #75

1. Get job
2. Get paid in money
3. Buy bitcoin with said money
4. Huh
5. Profit

DO NOT DO CLOUD MINING. It is a ponzi.

Earning Bitcoin is the exact same thing as earning dollars. Except its harder because less people will pay you Bitcoin. So instead just earn dollars, and buy bitcoin.

Bitcoin is not a get rich quick scheme by any means.

https://bitquick.co - Buy bitcoins instantly with cash at 2% fee or Sell Bitcoins at 0% fee with BitQuick.co. Encourage safer, more secure trading! Stop selling on LocalBitcoins.
Safe trading resource: https://bitcointalk.org/index.php?topic=208203.0 Read it before you ever make a trade! Know what you're getting yourself into!
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February 22, 2015, 07:01:31 PM
 #76

I haven't yet met a person who would be talking positively about cloud mining in a long-term.
I don't want to jump to conclusion too quickly, but it is a red flag for me.

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ChuckBuck
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February 22, 2015, 07:07:36 PM
 #77

OP, just skip Cloud mining or hardware mining altogether.  Not only do you have deal with possible theft or loss if the cloud mining websites turn up to be Ponzis(most of them are), the whole reason you're thinking about any of this is ROI.

For the most part, ROI or profit is gone from any type of Bitcoin mining.

Just buy BTC, man, it's fool proof and fastest way to get in this thing.   Cool

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February 22, 2015, 11:33:30 PM
 #78

I haven't yet met a person who would be talking positively about cloud mining in a long-term.
I don't want to jump to conclusion too quickly, but it is a red flag for me.

Services seem profitable at first, but then they either disappear or simply become non-profitable.
They charge such high maintenance fees that your coins are virtually nothing. Pretty much the only one who profits from cloudmining is the service provider

They invest in hardware, they sell it virtually. They calculate the maintenance fee in such a way that it includes the risk of hardware failure, so you are also paying for replacement hardware and/or maintenance. Introduce some trading fees on share trading between users and voila.
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February 23, 2015, 06:23:07 AM
 #79

you should try to invest  in Trading btc/altcoin
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February 23, 2015, 11:19:55 AM
 #80

I haven't yet met a person who would be talking positively about cloud mining in a long-term.
I don't want to jump to conclusion too quickly, but it is a red flag for me.

Services seem profitable at first, but then they either disappear or simply become non-profitable.
They charge such high maintenance fees that your coins are virtually nothing. Pretty much the only one who profits from cloudmining is the service provider

They invest in hardware, they sell it virtually. They calculate the maintenance fee in such a way that it includes the risk of hardware failure, so you are also paying for replacement hardware and/or maintenance. Introduce some trading fees on share trading between users and voila.
From what you wrote, it looks like a perfect description of a Ponzi scheme where all the risk (enormous risk) is put on the newly coming investor in exchange for not so promising gains. Risk-reward ratio screaming 'no go'. Pretty much in-line with my observation until now. Keep away from that.

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