$4,000 to invest in GPU miner. What do?

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: bitpop on January 28, 2014, 05:21:11 AM

Don't be stupid, buy Bitcoin

Yes, sir.

Quote from: Quiksilver on January 27, 2014, 09:41:02 PM

My objective is to mine doge (for now) and transfer into BTC.
...
Im here to have fun and pay rent. (1060month)

IMHO, it is better to just buy bitcoin directly.
But if you really want to mine, go ahead and have fun. Tongue

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: 156216 on January 27, 2014, 09:21:54 PM

Quote from: shorena on January 27, 2014, 07:55:47 PM

Buy and hold is not going to make you money

Long-term, you are wrong. Imagine the guy that brought @ 266 in April, must have been kicking himself so he sold for a loss. Should have just held it. Buy it, and put it in cold storage. Don't even bother looking at the charts everyday or you'll go nuts. I'm am not saying to completely disconnect oneself from the bitcoin community, but rather to stay informed and never risk more you are willing to lose.

Just my two satoshis.

Id have to do the calculation for exact numbers. But if you followed a decent trading strategy youd have a greater profit compared to someone just buying and holding.
And looking at the chart every morning is not stressfull. You dont have to trade hourly candels, you can trade daily or even larger candels or somewhere in between. That way you will follow the size trends that fits your life the most and still make profit. E.g. currently the trend for my indicator goes down. Selling point was the 15th and the downward trend is going on ever since (~840 downto 751). Thats for daily candels and not very stressfull. I usually have a signal every few weeks, depending on the length of the trend.

bitpop

legendary

Activity: 2912

Merit: 1060

Don't be stupid, buy Bitcoin

Mobo

member

Activity: 84

Merit: 10

Dont bother mining dude!

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: shorena on January 27, 2014, 07:55:47 PM

Quote from: Quiksilver on January 27, 2014, 05:00:06 PM

Quote from: Smileyftw on January 27, 2014, 10:07:53 AM

I’d strongly advise everyone reading this to treat mining as a hobby, and not a “get rich quick” scheme

I'm not looking to "get rich quick", I'm looking to have some fun and make some money. Basically, money is my hobby because I play professional poker. I'm just looking to leave my machine running

Read into technical Analysis and invest into bitcoins. Buy and hold is not going to make you money, but with the right strategy when to buy BTC and when to sell you can get some profits. And with your job you should be able to handle the stress Wink

I suggest you listen to this person. Buying and holding, because the price can go insanely high one day.

Quiksilver

newbie

Activity: 16

Merit: 0

Quote from: shorena on January 27, 2014, 07:55:47 PM

Quote from: Quiksilver on January 27, 2014, 05:00:06 PM

Quote from: Smileyftw on January 27, 2014, 10:07:53 AM

I’d strongly advise everyone reading this to treat mining as a hobby, and not a “get rich quick” scheme

I'm not looking to "get rich quick", I'm looking to have some fun and make some money. Basically, money is my hobby because I play professional poker. I'm just looking to leave my machine running

Read into technical Analysis and invest into bitcoins. Buy and hold is not going to make you money, but with the right strategy when to buy BTC and when to sell you can get some profits. And with your job you should be able to handle the stress Wink

My objective is to mine doge (for now) and transfer into BTC.

I dont want to buy and hold. If I wanted to do that i would asic mine at 600G/Hs x 10= 20000USD

http://s3.postimg.org/fylrg2k0z/Untitled.png

Im here to have fun and pay rent. (1060month)

156216

newbie

Activity: 17

Merit: 0

Quote from: shorena on January 27, 2014, 07:55:47 PM

Buy and hold is not going to make you money

Long-term, you are wrong. Imagine the guy that brought @ 266 in April, must have been kicking himself so he sold for a loss. Should have just held it. Buy it, and put it in cold storage. Don't even bother looking at the charts everyday or you'll go nuts. I'm am not saying to completely disconnect oneself from the bitcoin community, but rather to stay informed and never risk more you are willing to lose.

Just my two satoshis.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: Quiksilver on January 27, 2014, 05:00:06 PM

Quote from: Smileyftw on January 27, 2014, 10:07:53 AM

I’d strongly advise everyone reading this to treat mining as a hobby, and not a “get rich quick” scheme

I'm not looking to "get rich quick", I'm looking to have some fun and make some money. Basically, money is my hobby because I play professional poker. I'm just looking to leave my machine running

Read into technical Analysis and invest into bitcoins. Buy and hold is not going to make you money, but with the right strategy when to buy BTC and when to sell you can get some profits. And with your job you should be able to handle the stress Wink

Quiksilver

newbie

Activity: 16

Merit: 0

Quote from: Smileyftw on January 27, 2014, 10:07:53 AM

I’d strongly advise everyone reading this to treat mining as a hobby, and not a “get rich quick” scheme

I'm not looking to "get rich quick", I'm looking to have some fun and make some money. Basically, money is my hobby because I play professional poker. I'm just looking to leave my machine running

Smileyftw

member

Activity: 70

Merit: 10

I’d strongly advise everyone reading this to treat mining as a hobby, and not a “get rich quick” scheme

Quiksilver

newbie

Activity: 16

Merit: 0

Thanks for all of the help guys. I will look into the cryptobadger site later today.

I would invest in BTC but I have a feeling they will fall for the next 3-6 months.

Ritual

member

Activity: 84

Merit: 10

This might help:

http://www.cryptobadger.com/build-your-own-litecoin-mining-rig/

CoinLearn

sr. member

Activity: 329

Merit: 251

Quote from: Quiksilver on January 24, 2014, 11:01:42 PM

Alright so here's the deal, I am new to this whole mining thing and am currently using my gaming machine for a miner (it gets 120k/h).

I am tired of taking a lot smaller bites than I could if I invested some real money into a rig.

I have $4,000USD to invest in a ltc mining rig and dont really want to mess with the whole ASIC thing.

Since I am soooooo dang new to this whole scene I was wondering if you guys could help me build a list to complete my newly founded dream.

I've looked at the Sapphire 290X's and the GIGABYTE 290X's as well.

Basically, I have no knowledge of what I need to buy but I am very well versed when it comes to putting the machine together.

All I need is (yes this is asking for a lot) is a list of stuff to be able to have a fully functional rig.

If they're any other post pertaining to this then please refer me to them.

Thanks for all of your help in advance!!!

If u have USD 4000 to invest, better invest it in Bitcoin.

Quiksilver

newbie

Activity: 16

Merit: 0

Alright so here's the deal, I am new to this whole mining thing and am currently using my gaming machine for a miner (it gets 120k/h).

I am tired of taking a lot smaller bites than I could if I invested some real money into a rig.

I have $4,000USD to invest in a ltc mining rig and dont really want to mess with the whole ASIC thing.

Since I am soooooo dang new to this whole scene I was wondering if you guys could help me build a list to complete my newly founded dream.

I've looked at the Sapphire 290X's and the GIGABYTE 290X's as well.

Basically, I have no knowledge of what I need to buy but I am very well versed when it comes to putting the machine together.

All I need is (yes this is asking for a lot) is a list of stuff to be able to have a fully functional rig.

If they're any other post pertaining to this then please refer me to them.

Thanks for all of your help in advance!!!

Topic: $4,000 to invest in GPU miner. What do? (Read 1208 times)