First time investment - page 4. | Bitcointalksearch.org

FUD Expert

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Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

Very good decision my friend. The first thing you should know is how to keep them safe from hackers so research that.

MinerHQ

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Quote from: The Cryptologist on October 29, 2017, 09:38:46 PM

Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

It's not a bad idea but the best idea and decision that you will make. Just focus only in bitcoin but if you want you can also invest in altcoins because they are much faster to pump.

If you failed to find a good altcoin then they can also be dumped very fast and then it may or may not recover the price. Since OP is new to Bitcoins it is better to start with bitcoins because it is safer. After gaining some knowledge about bitcoins and altcoin trading then slowly can move to altcoins otherwise as a newbie may lose money.

jamids

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Quote from: ApocalypseNow on November 19, 2017, 03:00:27 AM

Just continue to buy those precious bitcoins sir. I won't recommend like what others say that you go trade some altcoins because I can see that you have a good job and just wait for bitcoin to shoot to the moon after a few years and those bitoins that you saved throughout the years will pay off.

Since OP has a good job and he didn't really need that money but a pure investment then I would recommend also to just continue and invest monthly so that it will be a dollar cost averaging kind of investment. Just continue to hold it and you will see in a few years or maybe just a year that your investment already fold up to ten times more or less. Trading needs time and dedication and if you have a job and stressed when you are home then you cannot really concentrate. Trading needs concentration and control of emotions so unless he is willing, he wouldn't be able to push through it. If he is half-hearted in doing it then better stick to investing.

ApocalypseNow

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Just continue to buy those precious bitcoins sir. I won't recommend like what others say that you go trade some altcoins because I can see that you have a good job and just wait for bitcoin to shoot to the moon after a few years and those bitoins that you saved throughout the years will pay off.

kojoannan

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I will advice you to look to altcoins token section. Involve those cash in ICO, you can get a discount of 10,20 or 30 % depending on timings of the pre sale of the coins. As soon as the coins get to market on major exchanges. Exchanges your coins to Bitcoins at 1:1 ratio and get your profit back. hope this help.

BigTeeths

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Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

Yes, its a good idea. At least, you are not like other people that still wait and saying it's too expensive to buy now. Go ahead and I know that we will both receive the fruits of our investments from btc.

The Cryptologist

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Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

It's not a bad idea but the best idea and decision that you will make. Just focus only in bitcoin but if you want you can also invest in altcoins because they are much faster to pump.

madwica

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Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

For me do not mine if your capital is not enough to build your own mining site because if you invest that in cloud mining that was too risky and you can not get good amount of profit, much better if you save your money in the form of bitcoin and keep it for long period of time for sure it will generate huge profit it has a big possibility to make it doubled in a year since bitcoin value is continuous increasing it can be earn profit quickly.

noobinvestor

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Quote from: crairezx20 on October 10, 2017, 02:32:54 PM

Quote from: noobinvestor on October 10, 2017, 02:27:08 PM

Quote from: Qartersa on February 08, 2017, 11:56:14 PM

Quote from: ethereumhunter on February 08, 2017, 11:51:24 PM

Quote from: OgNasty on February 08, 2017, 11:01:11 PM

Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

Investing in Bitcoin is always a great idea. Investing in Bitcoin mining as others have stated, largely depends on the price you pay for electricity.

i think he can invest his money in bitcoin before he decide to bitcoin mining, with only 80$, i think its difficult to get big hashrate and in a month, we can only get less and we need long time before we can get ROI. i think its better to use 80$ to buy bitcoin when the trend is down, hold it in his wallet and sell it when its up. do it over and over until you can buy the hardware you want to mining bitcoin.

Yeah, it might be even better to just buy hashrate from reputable cloud mining operators. It would remove the hassle of setting up and maintaining it. You'd just have to wait for it to profit. Also, you can buy only a fraction of the hashing power and not really have to spend a lot of money as your initial investments.

Interesting. I'll research how to do this, but if you have an easy link/example, please share.

Not a Good idea to buy hashrate from any cloud mining sites there is no reputable cloud mining until now the can stay alive for a long time almost all are turn into scam. and honestly its not really profit even its legit or not. ..
If you really wanted to mine there is other way to mine you can try coinhive.com and use your pc to mine xmr converted directly to bitcoin or you can make your own website and start to looking for miners and earn commissions.. they earn.. This is much safe that i know for now base on what i searched and testing..

Thank you. I will research this as well.

crairezx20

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Quote from: noobinvestor on October 10, 2017, 02:27:08 PM

Quote from: Qartersa on February 08, 2017, 11:56:14 PM

Quote from: ethereumhunter on February 08, 2017, 11:51:24 PM

Quote from: OgNasty on February 08, 2017, 11:01:11 PM

Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

Investing in Bitcoin is always a great idea. Investing in Bitcoin mining as others have stated, largely depends on the price you pay for electricity.

i think he can invest his money in bitcoin before he decide to bitcoin mining, with only 80$, i think its difficult to get big hashrate and in a month, we can only get less and we need long time before we can get ROI. i think its better to use 80$ to buy bitcoin when the trend is down, hold it in his wallet and sell it when its up. do it over and over until you can buy the hardware you want to mining bitcoin.

Yeah, it might be even better to just buy hashrate from reputable cloud mining operators. It would remove the hassle of setting up and maintaining it. You'd just have to wait for it to profit. Also, you can buy only a fraction of the hashing power and not really have to spend a lot of money as your initial investments.

Interesting. I'll research how to do this, but if you have an easy link/example, please share.

Not a Good idea to buy hashrate from any cloud mining sites there is no reputable cloud mining until now the can stay alive for a long time almost all are turn into scam. and honestly its not really profit even its legit or not. ..
If you really wanted to mine there is other way to mine you can try coinhive.com and use your pc to mine xmr converted directly to bitcoin or you can make your own website and start to looking for miners and earn commissions.. they earn.. This is much safe that i know for now base on what i searched and testing..

noobinvestor

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Quote from: Qartersa on February 08, 2017, 11:56:14 PM

Quote from: ethereumhunter on February 08, 2017, 11:51:24 PM

Quote from: OgNasty on February 08, 2017, 11:01:11 PM

Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

Investing in Bitcoin is always a great idea. Investing in Bitcoin mining as others have stated, largely depends on the price you pay for electricity.

i think he can invest his money in bitcoin before he decide to bitcoin mining, with only 80$, i think its difficult to get big hashrate and in a month, we can only get less and we need long time before we can get ROI. i think its better to use 80$ to buy bitcoin when the trend is down, hold it in his wallet and sell it when its up. do it over and over until you can buy the hardware you want to mining bitcoin.

Yeah, it might be even better to just buy hashrate from reputable cloud mining operators. It would remove the hassle of setting up and maintaining it. You'd just have to wait for it to profit. Also, you can buy only a fraction of the hashing power and not really have to spend a lot of money as your initial investments.

Interesting. I'll research how to do this, but if you have an easy link/example, please share.

xbl1008

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bitcoin mining is still profitable and good but as time goes by the difficulty is increasingly fast i would recomment to do trading at the same time so your growth would be diverse. the risk is there why don't you utilized it

glowing10

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Investing in Bitcoin at present is little dicy beacuse as per the expectation instead of price moving towards 4k mark it started to fall back again and not sure the exact reason as well for this . So analysis the situation if it's going to fall and then you can buy later when the market is at lower point .

MarioLuck990

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Investing to BTC is a good idea, especially now, or dash , eth...

webdevmastery

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Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

If your going to invest and yet you do not have a knowledge how the market works then i suggest that you try to do a lot of research because there is different coins and also different potential on increasing or might decrease. Try to research about bitcoin in google or crypto currency and just read articles.

Emworks

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Quote from: Mineboi on February 08, 2017, 05:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

A lot of good advice and opinion are mention above, its up to you decide which one are you going to start, before that ask your self a few question.
-Do i have a capacity and ability to start the bitcoin mining ?
-Am i willing to wait and spend a lot time before seeing the result of mining?
-Base of my current knowledge, skill, capital and experience which one of the alternative option are right for me?

pragna

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Hi Guys,

Investment is a very good idea for every person who can know how to invest. Before you invest you should know the market place well and as you have more coin you can invest. But my suggestion is as a first time investor you can invest small coin and by result of that you can invest more and more. If you invest more at a time and if some hassle done you will a sufferer.
Thanks

shohelalam

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Your investment money never loss if you invest with bitcoin. bitcoin always give profit. but when you invest with mining that's time you have to think about expense and maintenance. because its depend where you stay now if your mining expense low and your electricity bill expense low then you can go mining. at this moment coin mining is not good idea. Its my Opinion.

If you have good money for investment then you can invest with bitcoin. when price up that's time you sell bitcoin get profit.. you can also some good altcoin or token after some time you can also profitable from here.

Thank you.

arwin100

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Jack of all trades 💯

Well if you have a lot of budget to spend on investment much better if you split it into ICO's,Tradings and Casino investment so that you may have a choice and will not be wrecked if you losed some money on one of them, And This splittings would be nicer if you'd select those great sites since provably your money will be double on short period of time if your decision about this is excellent.

nattybit

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Investing bitcoin is a good idea. But i would suggest to divesify your porfolio i investing also in a different form like stock market,trading and small business.

Topic: First time investment - page 4. (Read 6286 times)