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Topic: Could use an advice 2BTC/Month (Read 3295 times)

sr. member
Activity: 252
Merit: 250
June 14, 2014, 12:50:14 PM
#50
Why not and try investing in mining again and again ?

It seems not a bad number, but for sure you will make a quick jump.
legendary
Activity: 826
Merit: 1000
amarha
June 14, 2014, 10:47:14 AM
#49
I would hold most of it, but find places to spend it too. The way the Bitcoin economy will grow is when it's used. If you need a part for your computer use TigerDirect, if you're going out to eat find a nearby restaurant that accepts Bitcoin, donate some to charities that you like. And if your favorite charity or business doesn't accept it, ask them to.

I think Bitcoin will dominate. At least for the next few years - especially if side-chains are integrated.

If anyone has heard there is a new debit card coming by the end of june that will allow us to instantly turn bitcoin to cash and pay on the spot for something in bitcoin anywhere. buy gas, shoes, watches, pay your mortgage. whatever it may be. so cool

Is there any news on this at all? This sounds really interesting.

What company is bringing this out?
full member
Activity: 224
Merit: 100
June 14, 2014, 09:04:56 AM
#48
Don't touch them keep them on a cold wallet because you never know when you need them.
sr. member
Activity: 406
Merit: 250
June 09, 2014, 12:36:02 PM
#47
Getting and staying with BTC would be your overall best bet. They will Sky rocket soon.
Its best tip for you currently holding btc is very good investment alt coins going down badly and very few chance of recovery
legendary
Activity: 1596
Merit: 1000
June 09, 2014, 12:25:44 PM
#46
Cash our some BTC to cover up electricity cost and upgrade of mining rig. Invest a quarter of them to alt coin.
legendary
Activity: 1522
Merit: 1000
www.bitkong.com
June 09, 2014, 11:23:54 AM
#45
Getting and staying with BTC would be your overall best bet. They will Sky rocket soon.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
June 09, 2014, 07:30:06 AM
#44
Hey guys, currently with my hashing power i'm making 2 btc each month.
the question is what would you do with those 2 btc? my mining is not my main income so i don't mind saving my bitcoins on the side for now.

do you think btc will go above 450-500$? I mean way above
would you buy VTC with them? cause i heard they will worth a lot a year from now.

or should i just change them to money? what would you do?

thank you

btc could, and i this will return to 1k by end of the year, but if you are looking for prices above 1k usd/btc, that will happen much harder.
everytime btc hits new ATH, a lot of traders tend to go into fiat, fearing massive sellouts.

as far as VTC is concerned, its price was looking at high numbers, but soon after n-scrypt algo came coins with x11 algo that got much more audience among crypto-comunity due to low heat and lower noise levels.
invest your money wisely, dont spend what u can loose

cheers
hero member
Activity: 812
Merit: 1000
June 09, 2014, 12:48:55 AM
#43
If you're making upto 2 btc per month, I'd say invest a little in altcoins which show a bit of promise, I've purchased few vericoins since I feel like it might be going up and invest in other currencies as well , forex and bullion trading is an option too. Don't keep all your eggs in one basket.
sr. member
Activity: 266
Merit: 250
June 09, 2014, 12:29:47 AM
#42
Hey guys, currently with my hashing power i'm making 2 btc each month.
the question is what would you do with those 2 btc? my mining is not my main income so i don't mind saving my bitcoins on the side for now.

do you think btc will go above 450-500$? I mean way above
would you buy VTC with them? cause i heard they will worth a lot a year from now.

or should i just change them to money? what would you do?

thank you

Personally I would keep the coins you earn in BTC. IMO over the long term the price of BTC will increase.

You may wish to cash out a portion of your BTC to pay electric costs and possibly part of your costs to buy your miner but that is up to you.

If you other income can cover the above costs then keep your BTC or possibly spend your BTC for goods/services from merchants that accept BTC.
full member
Activity: 153
Merit: 100
May 29, 2014, 01:45:02 AM
#41
Hey guys, currently with my hashing power i'm making 2 btc each month.
the question is what would you do with those 2 btc? my mining is not my main income so i don't mind saving my bitcoins on the side for now.

do you think btc will go above 450-500$? I mean way above
would you buy VTC with them? cause i heard they will worth a lot a year from now.

or should i just change them to money? what would you do?

thank you

CureCoin will be the best long-term investment you will ever make.

http://curecoin.net/index.php/en/

https://bitcointalksearch.org/topic/ann-curecoin-20-is-live-mandatory-update-is-available-now-dec-2018-603757
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
May 28, 2014, 03:16:51 AM
#40
I suggest that you just hold onto the coins that you are hearing each month by mining as well. The whole reason you got into it in the first place was to hopefully make btc, and in turn make long term money (I am assuming). You should stick to the original plan. Day trading will probably list you money, especially if you are just going to trade at random and hope to get lucky...
legendary
Activity: 1974
Merit: 1007
May 27, 2014, 10:37:47 PM
#39
If you want to keep btc, then invest it in just-dice.




Peerbet would have made a much better investment in the short-term. They had a 20 BTC or so profit in a day or two and only had 300 BTC invested (that's basically 10% in a day or two).
full member
Activity: 165
Merit: 100
May 27, 2014, 10:25:50 PM
#38
If you want to keep btc, then invest it in just-dice.


newbie
Activity: 10
Merit: 0
May 27, 2014, 08:38:10 PM
#37
Start putting a small chunk like 20% or so in smaller coins (and do some daytrading), but only if you have the time. Do some research on coins and find good entries. Subsequently, find good exits Tongue. You can get very good results from that, 1 big hit on .5 btc investment is enough to put the initial investment to the side again and start trading solely with the profits you made.

For long term only thing I hold is BTC Wink
full member
Activity: 126
Merit: 101
Be Here Now
May 27, 2014, 08:05:55 PM
#36
Hey guys, currently with my hashing power i'm making 2 btc each month.
the question is what would you do with those 2 btc? my mining is not my main income so i don't mind saving my bitcoins on the side for now.

do you think btc will go above 450-500$? I mean way above
would you buy VTC with them? cause i heard they will worth a lot a year from now.

or should i just change them to money? what would you do?

thank you


May 27 - $573

So yes, if you held onto them, they've made you a bit of profit. If you took the advice of the one posting next after your OP, that money is likely gone.

It will fluctuate up and down but it's steadily rising...you'd be crazy to not "hodl" your btc.

Will revisit in June to see where we are then!
legendary
Activity: 1974
Merit: 1007
May 27, 2014, 02:53:29 AM
#35
Keep them or gamble or invest in a business

Gamble and invest sucks, never get anything back from them especially invest (always gone in a poof).

Investing is the smart thing to do, but you have to be careful. If you've had a lot of issues with investments, you probably shouldn't be investing in the first place. Far too many people around here are throwing money at anything and everything in the hopes it will make money. If real investors did that they would be broke.

I'm extremely careful with where I put money at, and I've had a 100% success rate across every investment I've made. It's called due diligence. If one does happen to tank, that's why you do risk management and spread out your portfolio.
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
May 27, 2014, 02:46:25 AM
#34
Probably wise to just buckle in and hold for the long term is money is not an issue for you and probably avoid holding the bag on alt coins for too long cause they generally always come crashing down.
sr. member
Activity: 392
Merit: 250
May 26, 2014, 09:32:55 PM
#33
Keep them or gamble or invest in a business

Gamble and invest sucks, never get anything back from them especially invest (always gone in a poof).
sr. member
Activity: 406
Merit: 250
May 26, 2014, 08:27:53 PM
#32
Thanks for the help guys

i will save my coins, the question is which coin would you save these times?

1.0 BTC vs 500 VTC vs other coin?

-----Also------

how secure is Cryptsy? i heard they store most of the wallets offline.
what cloud wallets+exchanges do you recommend

Storing them offline is the most secure. Exchanges can be hacked. A paper wallet cannot. 
full member
Activity: 224
Merit: 100
May 26, 2014, 02:37:31 AM
#31
Keep them or gamble or invest in a business
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