Topic: $1,500 to spend - buy btc, or buy another miner? (Read 800 times)
Don't buy miner, buy coins. It is basically riskier to buy miner and mine your coins than buy a coin and hold it. I suggest you to buy altcoins now since altcoins are all bleeding because of the recent hike in Bitcoin price.
I would spend it on altcoins if i were you , it is gonna be hard to even double your money with bitcoin.
For $ 1,500 I think you should invest in bitcoin. According to my predictions, bitcoin will increase in 2018. So if you invest in bitcoin, you will be profitable and use that amount for the miner buy. So the problem is only time. Or you can invest in minerals as long as you have time to mine. You will have a lot of choices. Hope you will make a wise decision.
I would buy Bitcoin with dollar cost average. That way the risk of losing my investment is not too bad. Also would probably invest in some altcoins with that money.
I think you'd better use your 1.500$ to buy BTC at the moment but buy miner I think it's a really bad idea for now 
). The mining difficulty of Bitcoin is increasing day by day so mining is not worth if you only invest 1.500$, you need to have thousands dollars if you want to earn good profit everyday from mining. So buy BTC and just hold or use it to trade is a better idea 
). The mining difficulty of Bitcoin is increasing day by day so mining is not worth if you only invest 1.500$, you need to have thousands dollars if you want to earn good profit everyday from mining. So buy BTC and just hold or use it to trade is a better idea Buying bitcoin is always better than mining one because it will take you long time to mine bitcoin equivalent to your initial investment as mining bitcoin is not as profitable as it was used to be.
Not only that bitcoin is moving so fast that recovering the amount of bitcoin you invest in a miner may take a lot of time and may be even impossible to do it if bitcoin skyrockets, the time to mine for the average person with those miners was when bitcoin price was more or less stable now that bitcoin is skyrocketing there is no doubt which of the two is the most profitable option and that is to buy bitcoin directly.
Mining nowadays is very expensive and its almost worthless, especially if you re looking to mine Bitcoin, unless you have very cheap electricity. My suggestion is buying BTC and ETH and some other valuable coins and tokens with this amount, despite its considered small.
Thoughts everyone? What would you do with $1500?
Just a general advice if I may: take your time. Don't FOMO. Plan ahead and don't rush anything. You got your bonus and you're now eager to invest it to don't miss anything. Keep in mind that markets move and even if there is a trend, there are also corrections if a movement is too strong/fast.
I personally would invest $1500 in those projects I researched and that I'm following. Take your time and don't rush
Thanks guys
I think i will invest in buying BTC right now, and then when new mining equipment comes out early next year, hopefully i will have made a little profit on my btc investment so i can use that to buy another miner!
Although i now think i have missed my chance to buy in a dip - the lowest i saw on coinbase was $9,500, but with it now being over $11,500, i dont think it will drop that low again!
maybe i just have to bite the bullet and buy at $11,500?
I think i will invest in buying BTC right now, and then when new mining equipment comes out early next year, hopefully i will have made a little profit on my btc investment so i can use that to buy another miner!
Although i now think i have missed my chance to buy in a dip - the lowest i saw on coinbase was $9,500, but with it now being over $11,500, i dont think it will drop that low again!
maybe i just have to bite the bullet and buy at $11,500?
I would buy another miner, if you really have time and skills for it, why not?
1500$ isn't a big amount so i would suggest you to buy Bitcoin for trading, 1500$ isn't enough for miner.
Buy btc rather than spending in any, btc will probably reach the price high than today. You can earn big by buying and investing in btc. Btc has the price to become huge for the future be wise and confident to earn.
Buy BTC while it's still cheap. Don't worry if you buy at $8k or $11k, it will make little difference in the long term. This is unlike any phenomenon the world has seen before and we humans are unable to make sense of it yet, but BTC is only going up. Remember this when the price hits $1M in just a few years. That if the USD is even worth anything by then. You're welcome.
buy btw. less stress, higher exp. return
As you indicated, I would also not invest in Bitcoin now at this high price level. I would also rather wait for the correction. Actually we are in a pretty similar situation, I want to buy a miner too, but decided now to wait until the new series comes out. As the wait is long anyway, I guess it wont matter much. And I also wait for the Bitcoin correction, having some money sitting in my exchange account and waiting for a serious correction for almost two months now. I missed the whole surge with that money... As you asked how low can it go: I have no idea, its really unpredictable, but I hope for $7500 or $8000 as an entry when the correction sets in.
It is more advisable to buy bitcoin than buying a miner, since a lot of people would've bought miners, before they even invested, the problem you will have with miners, will be the cost of maintenace, just by the power source or electricity, you might pay even higher price, though you have mined bitcoin. It is much better to buy bitcoin, hodl or trade it for the time being, and wait till it reaches its highest value.
Buying new miner would be good probably that would be a good decisions if it's an S9 one. I know there is hype of bitcoin price this time around but we may not know how long this hype might last, and moreover your mind might change too if you buy then dump would happen at the very short span you buy it. Somehow if you buy another miner and the crypto you mine is pumping it might be a good earning for you. Hope that you would take my suggestion if ever you may find it good and helpful.
i think you would prefer with buy BTC because BTC value is highly increase with parabolic curve.if minning site they have own power some sites are immediately shutdown after you will lose your money.
Buying bitcoin is always better than mining one because it will take you long time to mine bitcoin equivalent to your initial investment as mining bitcoin is not as profitable as it was used to be.
So after being paid a little bonus, i'm wondering what is best to do....
I'm not sure how low BTC will come down to after this monsterous surge, so i figure i have 2 options:
1 - Buy BTC when i figure is the best time. But when is that time?!?! Is it when it reaches $9,000? $8,000? Is it even likely to go that low again?
2 - Buy another miner and have it hosted somewhere. I already have a home miner so i'd like somewhere cheaper to run another one (expensive and inconvenient in the UK), and i'd like to skip the $200/250 import VAT duty. But then i have to wait 2 months or so for an S9. Or maybe worth waiting until the new Avalon 8 series comes out early next year?
With this amazing surge in price, i'm tempted to just buy more BTC, but then i am concerned the price might correct itself and lose out.
Thoughts everyone? What would you do with $1500?
I'm not sure how low BTC will come down to after this monsterous surge, so i figure i have 2 options:
1 - Buy BTC when i figure is the best time. But when is that time?!?! Is it when it reaches $9,000? $8,000? Is it even likely to go that low again?
2 - Buy another miner and have it hosted somewhere. I already have a home miner so i'd like somewhere cheaper to run another one (expensive and inconvenient in the UK), and i'd like to skip the $200/250 import VAT duty. But then i have to wait 2 months or so for an S9. Or maybe worth waiting until the new Avalon 8 series comes out early next year?
With this amazing surge in price, i'm tempted to just buy more BTC, but then i am concerned the price might correct itself and lose out.
Thoughts everyone? What would you do with $1500?
Maybe just buy a bitcoin , but mine is a good source too , worth it I think but , the bills of the power the electric bill I guess. And somehow Its better to just buy coin , the price of bitcoin now is almost $11k , so probably many people buying and investing. Yes we all know that it is an unstable or a decentrelized coin , but you can hold it. And maybe after you hold it and when that time is come , then buy a miner. And invest again through bitcoin , you can have an good profit. And definitely it may lose out or decrease the value of it , we don't know what will the price next day or in the future , but remember that right know as in right know , the bitcoin is still rising up.
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