Topic: Any investment advice? (Read 1079 times)

but-but-but it says demo on the front page.

Why dont you try putting a little bit into a group buy? There are quite a few out there and some are a little dodgy, but some are the real deal and you can make quite a bit of money if the market favours Bitcoin.

Check this one out http://ultibit.com. Its a legit group buy operation.

Else if you have enough, maybe buy your own ASIC rig... Although thats a much riskier option cos if it fails you lose much more...

I wish you luck though, wherever you choose to invest your money 

It is not a real demo, it is a real website.

the demo apparently takes your bitcoin "play money" very seriously

I see what you did there.

Excellent advice! Thanks a ton! I know I need to utilize litecoin, but have yet to do anything. I haven't been tracking it like bitcoin. I am also quite intrigued by Primecoin at the moment.

My advice would be to buy some Bitcoin, then....

Hold a certain %. 

Use the rest to, (number one rule - DON'T BE GREEDY)

Buy some alts.  Do your research as some can be very high risk.  Trade accordingly. 

Websites for trading...

www.btc-e.com
www.mcxnow.com
www.cryptsy.com

You could invest in some stocks, bonds at BTCT.co.  Again do your research.  Even if its pretending to buy shares, you will soon learn when is the best time to buy/sell certain stocks.

www.btct.co

Also if you have some Litecoins you can visit www.litecoinglobal.com

If you start trading alts and securities, information is a big factor.  You need to be in the loop at all times.  Sometimes small rumors can greatly impact the price of certain coins.  Keep up to date with crypto news and services.  Subscribe to blog updates, lurk in the trollboxes.

Some good places would be Reddit www.reddit.com/r/bitcoin as well as other subreddits such as /r/litecoin etc etc.  The exchanges have good chat boxes to keep up to date, but take advice very lightly some can be absolute bull****.  Form your own opinions.

One thing I have found with the cypto community is that there are a lot of scammers (as with anything involving wealth).  Always be careful what websites you deposit coins to and you an escrow if buying or selling goods outside an exchange.

I started out in BTC, but I find the crypto world very addicting and now hold a few alts as well.  Best of luck!

Investing into trading is fine, when you reduce the risk with fundamental analysis and have strong nerves and belief in your judgement! Not saying its 100% sure but worth investing a part of your capital into an aggresive method such as trading!

You could split your investment into many instruments don't just go all in on a certain type of investment on a market as fluctuating as btc market is.

Try buying high end GPUS and mine with them

Yes, I do need to invest in some ancillary currencies. Primecoin seems especially interesting. I think it is very likely that it will generate decent media buzz at some point, as it's already discovered 3 Cunningham Chains. LTC also seems like a necessity.

dont buy shitcoin. Invest 50% in bitcoin. rest in NVC,LTC,PrimeCoin,WDC,DGC,PPC

Don't invest in hardware just buy BTC or LTC and keep on buying a little each month.  

Thanks! Coinlenders seems really awesome.

Start out with a little bit of each, and invest more heavily in what seems to be working well for you, or just what you like the best. Diversify until you have found the money, and then keep diversifying with profits in case your first method stops working for you.

Depends on what you want to get out of it. Are you looking for short-term, long-term?

From an investment standpoint, these markets are highly volatile. If you dump your money into shares or coins they could double in a month, or be worth half what they are now.

If you buy hardware, your only loss is the depreciation of value. At any time you can sell your gear and hopefully get a decent recovery out of it. On the downside, if there's a wild upswing in coin value you're not going to be on that gravy train unless you've been up and running for a while. You'll also be investing time into maintenance, troubleshooting, etc.

less risky:

coinlenders
just-dice

risky

btcjam

scam

everything else. literally.

Firstly, thanks for the information. I'm not overly concerned with immediate ROI. Sorry for being vague about the amount, I was a bit uncomfortable stating the specific amount, but it's nothing crazy. In the single-digit thousands. Hardware investment seems so iffy, since I have to hope that it ships on time and can earn no btc while waiting, while concurrently hoping that the competitors hardware is delayed. I did buy some btc when they dipped in price in July. I've been looking into purchasing a contract with a cloud hosted company, or shares. Having a share or contract based on scalable hardware seems like a necessity at this point.

"substantial sum" is pretty vague - I've opted to split my 'investment/s'  up between hardware and coins (keeping a majority of it in coins) and further splitting up the hardware amongst multiple vendors.

At this point if you buy hardware, it's going to be hard to make ROI in a reasonable time-frame unless the prices climb or the difficulty drops but I wanted to spread my funds around and I'm not interested in getting ROI in 90 days.

The best advice I've seen yet is DON'T invest more than you are willing to LOSE.  Don't cash out your retirement funds, don't mortgage your house, don't quite your job...  bitcoin is fascinating but it's still VERY young.

Only for legal reasons. You can read:
https://bitcointalksearch.org/topic/what-is-actually-going-on-with-coinlenders-open-discussion-283777
https://bitcointalksearch.org/topic/coinlenders-script-bitcoin-bank-borrowdeposit-software-demo-available-283756





It is fully operational, it means that you get fee rebates every day at 1 am.

coinlenders.com is apparently just a "demo" site. Not sure if it's actually true, or it's a weasel word for legal reasons.