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Author Topic: What can I do with a small amount of BTC?  (Read 3345 times)
KaChingCoinDev (OP)
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March 06, 2015, 12:09:07 AM
 #1

I am going to get between $25-$50 worth of BTC in my signature campaign. I can't decide what to do with it. I could pick up a cheap miner, and mine the crap out of a new altcoin, I could offer loans, I could trade Altcoins, what should I do?
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March 06, 2015, 12:14:44 AM
 #2

How about saving so it can be much more useful in the future when it will probably worth a lot more. Smiley

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March 06, 2015, 12:17:25 AM
 #3

you should find something nice you could use on ebay and just buy it.
Investing 20-50$ wont get u far, and from my experience it will only bring you small profits that u will later on try to increase exposing yourself to greather risk, and in the end u will just loose it all.
Trading altcoins, lending .. whatever you do, with that small investment wont get you far.
I know its not what u wanted to hear, but it is what it is.

cheers
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March 06, 2015, 12:17:32 AM
 #4

I am going to get between $25-$50 worth of BTC in my signature campaign. I can't decide what to do with it. I could pick up a cheap miner, and mine the crap out of a new altcoin, I could offer loans, I could trade Altcoins, what should I do?

It depends.
If you need reputation try the loans.
If you treat mining as a hobby and have cheap power you could buy a miner.
Maybe you just want to have some fun. Invite your friends for some beer and pizza.

KaChingCoinDev (OP)
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March 06, 2015, 12:17:57 AM
 #5

How about saving so it can be much more useful in the future when it will probably worth a lot more. Smiley

Okay, I will consider that. I might just put aside the $25 every week from the sig campaign, and then I have $1,300 at the end of the year. And if BTC is up...
KaChingCoinDev (OP)
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March 06, 2015, 12:18:49 AM
 #6

you should find something nice you could use on ebay and just buy it.
Investing 20-50$ wont get u far, and from my experience it will only bring you small profits that u will later on try to increase exposing yourself to greather risk, and in the end u will just loose it all.
Trading altcoins, lending .. whatever you do, with that small investment wont get you far.
I know its not what u wanted to hear, but it is what it is.

cheers

LOL I don't care about it being what I don't wan to hear. So what do you suggest?
KaChingCoinDev (OP)
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March 06, 2015, 12:19:11 AM
 #7

I am going to get between $25-$50 worth of BTC in my signature campaign. I can't decide what to do with it. I could pick up a cheap miner, and mine the crap out of a new altcoin, I could offer loans, I could trade Altcoins, what should I do?

It depends.
If you need reputation try the loans.
If you treat mining as a hobby and have cheap power you could buy a miner.
Maybe you just want to have some fun. Invite your friends for some beer and pizza.

Is $0.14 KWH cheap?
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March 06, 2015, 12:27:08 AM
 #8

you should find something nice you could use on ebay and just buy it.
Investing 20-50$ wont get u far, and from my experience it will only bring you small profits that u will later on try to increase exposing yourself to greather risk, and in the end u will just loose it all.
Trading altcoins, lending .. whatever you do, with that small investment wont get you far.
I know its not what u wanted to hear, but it is what it is.

cheers

LOL I don't care about it being what I don't wan to hear. So what do you suggest?

Read first line of what i wrote; just find something nice for yourself with that budget and buy it, and i dont mean a miner or similar, but something for fun like a necklace for your gf, night out with ur buddys, a hat .. anything. Investing it will be a waste of time, unless u can hold it for decades ..


Is $0.14 KWH cheap?

Its pretty cheap, yes, but that doesnt mean the miner will pay it self out.
cheers
BlindMayorBitcorn
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March 06, 2015, 12:27:26 AM
 #9

All into shitcoins!!

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March 06, 2015, 12:36:54 AM
 #10

All into shitcoins!!

Actually, this is a good idea, reserve one "paycheck" and buy litecoin with it, it might be a good payoff in the future.

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March 06, 2015, 12:56:26 AM
 #11

Why don't you just hold on to it.

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March 06, 2015, 12:58:01 AM
 #12

Save it or spend it on something in at a local pizzeria or cafe that accepts BTC.

Successful mining costs a lot more than what $50 can get you and mining alt coins is a waste. The alternatives to bitcoin are just temporary noise. They'll be long gone.

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March 06, 2015, 01:52:19 AM
Last edit: March 06, 2015, 04:31:16 PM by Nerazzura
 #13

I am going to get between $25-$50 worth of BTC in my signature campaign. I can't decide what to do with it. I could pick up a cheap miner, and mine the crap out of a new altcoin, I could offer loans, I could trade Altcoins, what should I do?
The capital is used for rental miner later. Unless you have a tool mind miner.choose POW coins short period (proof of work) or activities of the coin mining.must own wallet and coins that have the pool.choose premine 0 or premine reasonable.
nextblast
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March 06, 2015, 02:27:00 AM
 #14

You can consider saving it and earn interest.
That will stop you from dumping it at a low price like now, and keeps your digital asset growing.
https://bitcointalk.org/index.php?topic=774359.0
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March 06, 2015, 02:32:52 AM
 #15

try gambling, if you are smart in gambling, it would be something big  Grin

KaChingCoinDev (OP)
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March 06, 2015, 02:33:28 AM
 #16

try gambling, if you are smart in gambling, it would be something big  Grin

No, gambing is not an option.
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March 06, 2015, 02:36:32 AM
 #17

I am going to get between $25-$50 worth of BTC in my signature campaign. I can't decide what to do with it. I could pick up a cheap miner, and mine the crap out of a new altcoin, I could offer loans, I could trade Altcoins, what should I do?

Try saving it until it will be a bigger sum and then try day trading on altcoin exchanges to increase your btc further. Just dont invest all your coins on one coin, learn to diversify.
Webnet
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March 06, 2015, 05:27:22 AM
 #18

play dice. I see there are a lot of casinos here

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March 06, 2015, 05:55:43 AM
 #19

play dice. I see there are a lot of casinos here

Actually, this is best way to use your small amount of bitcoins

Invest into altcoins, the risk even bigger than gambling

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March 06, 2015, 06:09:09 AM
 #20

I also suggest you to save your bitcoins, when you will reach a good amount then you can start to think to buy whatever you want (using them). The other option could be the dsyTrading of altcoins (but it is so risky).
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