My first Bitcoin , what now ?

[Hamuki]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid.  (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know  that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

Dont do mining and especially not on Genesis Mining.
It sucks.. Back when I bought hashrate in 2014, the payout suddenly decreased a lot even though the difficulty was the same and the price was stable.

So I would not do that.

[Silly Money]

Hello,

Alright , once I did about 0.8 BTC but ended up using them all . which I decided to not do anymore (let me know if it's the wise thing to do right now or not ) .

Did what?

You are 18 year old have an girlfriend ? Spend some money on her .
Or as i do i bought gaming pc And enjoy gaming .

I don't have one no , never had one and I will never have one . It has something to do with my religion just to clarify (I hope racist comments don't start)
Thanks for the suggestion tho , anything else you think I should do ? Only game I like is CS:GO and I can play it just fine on my PC

~ Madness

What religion forbids you from having a gf or do you mean you need to be married first? And what does your religion say about using the internet and bitcoin? 

[Madness]

What O_O

No girlfriend is allowed?

I am sorry for you when it comes to that.. I hope you are happy without one.

As of the BTC.. I would save it since the price is slowly rising and NEVER start gambling.
I havent done it with BTC, so I have never lost..

Or you could get into the altcoin world and see if you can find a new coin and throw some money into it.

Sometimes a new coin is worth less than 100 sat in the first few hours on the exchanges, and then they jump to over 1k sats.

Think of investing 1 BTC into that! xD

I'am a Muslim , even if there is some people who have  I know that it's not allowed And yeah you couldn't know how happy I'am , I don't need a girl to feel good or to feel that I worth something or whatever  (Marriage is something , girl friends is another thing) .

So we don't get off topic ... Speaking about Gambling , I do not gamble either . mm Idk about Altcoins , some pre-mined altcoins are getting created daily and most of them seems like a scam , and it's just a way so people earn some fast buck . was thinking on joining the Darkcoin world but idk ... how good it is . and the differennce between "Darkcoin" and "Darkwallet" for Bitcoin .

~ Madness

[muhrohmat]

His religion is islam i think .and i think having gf is bad as friend its good .

Edit: gamble is haram too .

[Madness]

Hello,

Alright , once I did about 0.8 BTC but ended up using them all . which I decided to not do anymore (let me know if it's the wise thing to do right now or not ) .

Did what?

You are 18 year old have an girlfriend ? Spend some money on her .
Or as i do i bought gaming pc And enjoy gaming .

I don't have one no , never had one and I will never have one . It has something to do with my religion just to clarify (I hope racist comments don't start)
Thanks for the suggestion tho , anything else you think I should do ? Only game I like is CS:GO and I can play it just fine on my PC

~ Madness

What religion forbids you from having a gf or do you mean you need to be married first? And what does your religion say about using the internet and bitcoin? 

I used them for buying Digital goods or traded them for Paypal (Paypal +15% or +20% good Deal I guess) .
I'am a muslim , and yes like you said need to be married first  What does it says about Bitcoin and internet ? nothing unless you use it for watching porn , or any other bad thing .
~ Madness

[Hamuki]

What O_O

No girlfriend is allowed?

I am sorry for you when it comes to that.. I hope you are happy without one.

As of the BTC.. I would save it since the price is slowly rising and NEVER start gambling.
I havent done it with BTC, so I have never lost..

Or you could get into the altcoin world and see if you can find a new coin and throw some money into it.

Sometimes a new coin is worth less than 100 sat in the first few hours on the exchanges, and then they jump to over 1k sats.

Think of investing 1 BTC into that! xD

I'am a Muslim , even if there is some people who have  I know that it's not allowed And yeah you couldn't know how happy I'am , I don't need a girl to feel good or to feel that I worth something or whatever  (Marriage is something , girl friends is another thing) .

So we don't get off topic ... Speaking about Gambling , I do not gamble either . mm Idk about Altcoins , some pre-mined altcoins are getting created daily and most of them seems like a scam , and it's just a way so people earn some fast buck . was thinking on joining the Darkcoin world but idk ... how good it is . and the differennce between "Darkcoin" and "Darkwallet" for Bitcoin .

~ Madness

Darkcoin does seem strong, but its not there you should go for profits.
I might be getting back into the game of altcoins since I used to make some good money on it.
Maybe you want to join me and go in small in the start to test the waters?

[mishax1]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid.  (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know  that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

[inigthz]

Just trade in btc-e.com. They don't ask your ID. And, for withdrawal.. just using perfect money and or another payment processor.

[Madness]

What O_O

No girlfriend is allowed?

I am sorry for you when it comes to that.. I hope you are happy without one.

As of the BTC.. I would save it since the price is slowly rising and NEVER start gambling.
I havent done it with BTC, so I have never lost..

Or you could get into the altcoin world and see if you can find a new coin and throw some money into it.

Sometimes a new coin is worth less than 100 sat in the first few hours on the exchanges, and then they jump to over 1k sats.

Think of investing 1 BTC into that! xD

I'am a Muslim , even if there is some people who have  I know that it's not allowed And yeah you couldn't know how happy I'am , I don't need a girl to feel good or to feel that I worth something or whatever  (Marriage is something , girl friends is another thing) .

So we don't get off topic ... Speaking about Gambling , I do not gamble either . mm Idk about Altcoins , some pre-mined altcoins are getting created daily and most of them seems like a scam , and it's just a way so people earn some fast buck . was thinking on joining the Darkcoin world but idk ... how good it is . and the differennce between "Darkcoin" and "Darkwallet" for Bitcoin .

~ Madness

Darkcoin does seem strong, but its not there you should go for profits.
I might be getting back into the game of altcoins since I used to make some good money on it.
Maybe you want to join me and go in small in the start to test the waters?

I don't know mate , not that interessted in Alternative coins to be honest   I may contact you if I change my mind
Thank for the offer tho .

~ Madness

[Hamuki]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid.  (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know  that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

Do you want to buy a miner?

I have an S1 Antminer stuck in the US atm.
10$+ shipping and its yours!

[Hamuki]

What O_O

No girlfriend is allowed?

I am sorry for you when it comes to that.. I hope you are happy without one.

As of the BTC.. I would save it since the price is slowly rising and NEVER start gambling.
I havent done it with BTC, so I have never lost..

Or you could get into the altcoin world and see if you can find a new coin and throw some money into it.

Sometimes a new coin is worth less than 100 sat in the first few hours on the exchanges, and then they jump to over 1k sats.

Think of investing 1 BTC into that! xD

I'am a Muslim , even if there is some people who have  I know that it's not allowed And yeah you couldn't know how happy I'am , I don't need a girl to feel good or to feel that I worth something or whatever  (Marriage is something , girl friends is another thing) .

So we don't get off topic ... Speaking about Gambling , I do not gamble either . mm Idk about Altcoins , some pre-mined altcoins are getting created daily and most of them seems like a scam , and it's just a way so people earn some fast buck . was thinking on joining the Darkcoin world but idk ... how good it is . and the differennce between "Darkcoin" and "Darkwallet" for Bitcoin .

~ Madness

Darkcoin does seem strong, but its not there you should go for profits.
I might be getting back into the game of altcoins since I used to make some good money on it.
Maybe you want to join me and go in small in the start to test the waters?

I don't know mate , not that interessted in Alternative coins to be honest   I may contact you if I change my mind
Thank for the offer tho .

~ Madness

No need to be interested in the long term. Its just as investments to make your pockets heavy with coins.
Aslong as it does not involve scamming ofc

[mishax1]

Just trade in btc-e.com. They don't ask your ID. And, for withdrawal.. just using perfect money and or another payment processor.

Don't do that either, lol  

Keep your bitcoins, and only invest in long term projects/altcoins..

[Madness]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid.  (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know  that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

So they do both Hardware mining (shipping the gears) and Cloud Mining ? sounds interessting . I may check Spondoolies because I never heard of it . are they Chinese ?

~ Madness

[mishax1]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid.  (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know  that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

So they do both Hardware mining (shipping the gears) and Cloud Mining ? sounds interessting . I may check Spondoolies because I never heard of it . are they Chinese ?

~ Madness

Spondoolies is an Israeli company.

[Madness]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid.  (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know  that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

So they do both Hardware mining (shipping the gears) and Cloud Mining ? sounds interessting . I may check Spondoolies because I never heard of it . are they Chinese ?

~ Madness

Spondoolies is an Israeli company.

Then definitly not going to use it , Yeah I have some hard feelings to that country .
I may try Antminer after calling my Electricity providers company and see how much it cost per kWatt then we see how thing goes and how profitable is it . ty

~ Madness

[mishax1]

I would strong advise against mining hardware and specially cloud mining. so unless the bitcoin price is going to rise really dramatically in the next 6-12 months I would use bitcoin for mining.

But, If you see the bitcoin is on the rise, slowly and steady, you may consider putting, over time, small amounts at cloud mining (not all in one investment..), just make sure it is a long time contract (lifetime maybe) so if the btc is going up you should be getting profits and your contract doesn't end.

Okey , got a question which I was always thinking about . don't call me Dumb please

If those Cloud Mining website accepts Bitcoin as payment only , it wouldn't make a lot of sense , would it ?
Let's say I paid 0.1 (30$ when I paid) BTC and I earned 0.08 BTC (50$ at the time I mine) . It still dosent make any sense if I mined , because I will earn the same amount , yes the USD price rised but it's the same/less amount of Bitcoin , so couldn't I simply hold the Bitcoins instead of Cloud mining ?

~ Madness

No, there are lifetime contracts, like with Spondoolies that say :
" * For lifetime contracts as long as the contract is profitable, a small maintenance fee of 0.0019$/GH/d is deducted. Please see the contract for details. "

Meaning that If you but a 100$ contract, as long as the mining is profitable your contract will be active and you keep getting paid.  (It sounds good, but the mining industry is very competitive and should be invested carefully)

I see, thanks for the clarification , sounds really interessting .
Never heard of spondoolies tho , any companies you recommend me to use ? I know  that CEX.IO shutted up lately because of the drop price on Bitcoin so it's not so profitable for them anymore .

~ Madness

All I know is that Spondoolies and Antminer are best companies to buy mining hardware from ( I say the best, but you still need to find out what is profitable)

So they do both Hardware mining (shipping the gears) and Cloud Mining ? sounds interessting . I may check Spondoolies because I never heard of it . are they Chinese ?

~ Madness

Spondoolies is an Israeli company.

Then definitly not going to use it , Yeah I have some hard feelings to that country .
I may try Antminer after calling my Electricity providers company and see how much it cost per kWatt then we see how thing goes and how profitable is it . ty

~ Madness

I am from Israel.. 

[Madness]

Woops .
I have nothing against you tho , so don't take it personally please

~ Madness

[mishax1]

I will stop quoting now since the quotes are getting out of control 

Not taking anything personally, you didn't accuse me of anything     I am also not so pleased with this country, too many idiots and assholes.

[izanagi narukami]

For me , I'm spending some bitcoin on fun needs ( like buying COC gems)
I'm also spend some on buying smartphone and watch cinema alone ( still single till now   )
and for the rest , I will keep it up until bitcoin reach $ 1000 or more ( I hope so )

I'm ever spend it on trading and gambling but all end with loss ....

[inigthz]

Just trade in btc-e.com. They don't ask your ID. And, for withdrawal.. just using perfect money and or another payment processor.

Don't do that either, lol  

Keep your bitcoins, and only invest in long term projects/altcoins..

??