Topic: Hello friends.. new guy here! (Read 1672 times)

I think that the best thing to do is definitely to hold your bitcoins until halving day, because all of the other options are way too risky to actually do. However, you could if you want to yourself.

Investing in a ponzi is not cool. You're robbing other people essentially.

You came at the right place bro...that thread helped me also as I am a newbie as well..started learning about bitcoins and cryptocurrency

How weird to see most of all agrees that cloud mining is most probably a scam due to the nearly impossibility to gain profit in reality whilst most people around me is super hyped in putting a lot of chunk of money into one cloud mining program - HashOcean. I am scared to tell them what you guys pointed out because I am new at this Bitcoin thing and they are the one introducing Bitcoin to me. How must I put it out to them in a gentle and subtle way so that they might see the light?? 

Yeah. That's right.  until now still rising the price of btc. 😇

for me you should wait till the halving comes . Cause for me its too risky  maybe some sites will go down after  halving .

Investments can be made in bitcoin as in fiat.
But you should know what are you doing.
Ponzi scheme was invented in 1882 to work vith fiat investment.

Actually bitcoin still at a very beninnig stage, all bitcoin company still in startup stage living with venture capital.

Investing betcoin at this time mean you use your bitcoins to pay workers(developers) and pay services(hosting) and start your own business with your own idea.

Investing in someone else idea is very very risky, as there are no old consolidated company in bitcoin economy.

Cloud mining can't be profitable as mining companies earn very little profits compared to their investments. Bitmain monopoly is killing every mining company selling very overpriced hardware, also hashnest ghs are so overpriced that most of the time you end up losing money.

Mining have to change, it can't be only buy the best hardware make it running where power is cheap and profit. Too simple to be sostenible. Difficulty grow too fast and bitmain become richer selling overpriced hardware. Miners should stop buying their hardware. Bitmain hardware is the best out there, but miners are selfkilling buying their hardware. Miners can't see how evil this monopoly is becoming.
Bitmain is manipulating difficulty, they can estimate better then everyone else how much difficulty will grow and price miners consequently.

My point is that investments produce cash flow. That cash flow serves as the basis for the bond ratings you're talking about. Bitcoin produces zero cash flow.

Things that don't produce cash flow are speculation, not investment. For example, art, jewelry, rocks. You say that you don't agree that none of the most successful investors made a fortune from cryptocurrencies. Then can you name anyone who has become a billionaire from bitcoin?

History shows that the biggest fortunes relied on cash flow. I don't see how bitcoin can produce cash flow. I don't need to wait 10 years for studies about bitcoin to come out. Do you think people will make bitcoin fortunes by earning cash flow from cloud mining services, HYIPs, or some fresh scheme?

There are different types of investments though.  When you talk about bonds lets say picking one there is MANY levels of ratings, to base  how risky it is.   So if you go out buy some AAA bonds... yes you will get money back but it's small return due to security of it as AAA does not normally default.

The huge difference is bitcoin would be ranked in the high risk/high reward investments.  This is in part as it is still pretty new we have no idea what it will look like in 10 years.   So you can possibly gain huge returns (or yes loss's aswell).  If your looking to study sucessfull investors it's going to be very hard to find the stats with BTC being so new compared to traditional investments.   The studies your looking at chances are most don't even include crypto investments.  

I don't agree with "None of them made their fortunes from cryptocurrencies.".  This means your looking at wrong study or one that does not include it (which is most chances are).  As there are some that have made fortunes without a doubt.

I'm new here too and not a guru of bitcoin. But I've had a keen interest in economics and finance most of my life. To understand what good investments are, it helps to study the most successful investors. None of them made their fortunes from cryptocurrencies.

A lot of people, including me, believe an investment is something that produces cash flow. For example, stocks, bonds, commercial real estate. Warren Buffett has said many times that gold is not an investment because it produces nothing. The same can be said of bitcoin.

Incidentally, some people bought bitcoin when it was worth $800, or $900, or $1,000. Last year it was down to $200. That shows that bitcoin doesn't always go up.

By the looks of this, we seriously need someone with enough experience and knowledge to investigate these "Cloud" mining services and to give advice on investing options between the true miners and

the Ponzi schemes. I have yet to see ANY proof that a single one is not a Ponzi, but I am no expert. I have tried them before, and I never ROI in any of those attempts. I doubt if I will ever drop one

dime into any "Cloud" mining site again, but that is just my decision, based on my previous experience with them. Good luck, and hold onto that Bitcoin for as long as you can. 

As the value is really increasing now and the halving is nearing up, it is better you hold the BTC you have earned. Go through the threads in forum. There are many ways to earn BTC now. Use your skills to develop and design things you are well ok of. This would also add more to your wallet.

I think it's still a good time to invest on bitcoin and you don't need to wait the halving first. Better you invest from now, because many people speculate the price of bitcoin will increase so high,.

Hi dude welcome on board. Join a best signature campaign. Go through the threads posted in this forum. These would really guide you earning BTC and how to fill in your wallet. Best thing is now, the value of BTC is really increasing. This is the time to earn more. All the best dude.

Yeah exactly rather than any form of investment or lending, holding is the right option to grab the profit without much risk. Also with the ongoing increase one can hope for a bigger price after halving.

Yep. Cloud mining companies are either scams or don't pay you your ROI back at all. All the legit ones wouldn't be giving you any profit, and all the scam ones will go scam due to ponzi structure eventually.

So holding is defintiely going to give you the best profits.

Thank you all  for the word of advice. I put the poll because that is the list of options that I can think of.. but it seems that none give a positive result. I'm gonna close em up. Right now the price already has gone high.. and retract a bit, but not as much as 50% from what it has gained. I think it can get down a little bit more but nothing is solid as there are a lot of fundamental and sentiments that can affect the movement. I have not yet bought any bitcoin and still watching the price market to consider its short term price target until Halving Day. Is there someone who analyse the market price and can give a quick analysis?

Yeah and either going for cloud mining or gambling where there is chance of loosing your coins, its better to hold till the halving, as it can give you best profits.

I'd definitely go for the holding till halving day. And remember, dump it if you feel like the price is going to be too unsustainable. However I don't think that's going to be the case after halving.

There might be minor adjustments, but the price will stabilize after halving.

definitely not cloud mining or any of the HYIPs, simply because they are all ponzi schemes. And ponzi schemes are all scams. Whether they collapse now or later, it's a matter of time.

Gambling could be an option, i guess it's really up to you and your risk appetite.

true! All the options do suck. This is starting to look more like a troll post then anything serious.