How much do you have invested in bitcoins? - page 5.

TyGrr

member

Activity: 84

Merit: 10

Quote from: evoorhees on October 03, 2011, 09:47:35 PM

Roughly $2,500 in coins themselves. Am buying more every month.

Don't invest any money you can't afford to lose. Bitcoins are wildly speculative. You should assume they will go to zero.

Sooner or later they will go to 0. Only question is will it go to 100$ first and for how many years will this work out:)

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Roughly $2,500 in coins themselves. Am buying more every month.

Don't invest any money you can't afford to lose. Bitcoins are wildly speculative. You should assume they will go to zero.

panerai

member

Activity: 84

Merit: 10

a few hundred dollars, which have made me profits so far

BurntSnow

sr. member

Activity: 462

Merit: 250

GET IN - Smart Ticket Protocol - Live in market!

I invested in 50...dollars.

OnyxCorp

newbie

Activity: 6

Merit: 0

I just started today lets see what happens

bronan

hero member

Activity: 774

Merit: 500

Lazy Lurker Reads Alot

Well i am new at bitcoins but to be honest i will not count my hardware since i already had these
But i would like to replace them for new so you might need to make a list of the money spend on the system
Now even if i would not count the hardware i have running now as a test on bitcoin, i currently wonder if it even is possible to not loose money on it.
Considering i live in the netherlands which has the biggest price on electricity, with a cost of 0.44 cent a Kwh its probably even not worth trying if i see what the current pool is showing me after some hours of running.
Now before someone starts babbling but on that or this site they say it is 0.23 cents a Kwh .... those are except the energy tax which has to be payed yearly and transport costs which is about another 0.09 cents extra and last and not least they count again another monthly fee for using the meter in the house ... these costs are separate from the normal bill
To make it even worse is that over these amounts they again make you pay 19% extra tax.
Guess who is gaining the most out of all this .... indeed the governements which are also the major share holders of those companies... profit in every way possible.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

about $230.

$130 for a 5830, and about $100 extra on the 2 cards that I was replacing anyway but I would of bought lesser versions of. IE got 6770 instead of a 6670 for the HTPC (replacing a 3850), and a 6870 instead of a 6850 (replacing a 4850) for the daily use rig.

helps that I was already set up pretty good for just dropping in cards: PC Power and Cooling and Antec PSUs, decent cases with good cooling etc. just add cards, software and go.

qxzn

hero member

Activity: 609

Merit: 506

Why invest in bitcoins when you can get in early on one of the alternate chains? Really, what makes bitcoin so special anyway? From what I can see, it has a network effect monopoly and the strongest core dev team and that's about it.

One of these days one of the alternate chains is going to take over. However, I suspect you won't be able to get rich off of it. That's because I think the one that's going to take over will have value stability built into it's design, and that's the whole reason it will take over.

See http://www.phauna.org/papers/freecoin/freecoin.pdf for more.

bigewok

newbie

Activity: 14

Merit: 0

I'm currently trying to figure out how much I feel comfortable investing. I know the difficulty will continue to climb and the value of a block will drop from 50 to 25 coins eventually... hopefully the bubble won't burst soon!

nmat

hero member

Activity: 602

Merit: 502

Quote from: nefanon on September 30, 2011, 09:07:56 AM

Because God knows there's always money in Gaming.

...and the Banana stand.

Kudos to you sir for mentioning the banana stand Cool

TyGrr

member

Activity: 84

Merit: 10

Quote from: nefanon on September 30, 2011, 09:07:56 AM

Quote from: TyGrr on September 30, 2011, 03:52:02 AM

I have invested more than 12k USD in them. However my builds are also set up as gaming rigs should bitcoin fail and I need to recover my money.

Because God knows there's always money in Gaming.

...and the Banana stand.

I meant I can sell off the gaming rigs. I built them with 955's and some i3s. Everything is semi rice or good looking. I will have no problem getting 70% of what I put into them back if I need to sell them fast. I might even get more not sure.

Schätzle

newbie

Activity: 5

Merit: 0

I invested ~5.000 euro for bitcoins Price per bitcoin 3.50 USD at the huge crash:) So it was a great deal.!

nefanon

member

Activity: 112

Merit: 10

Quote from: TyGrr on September 30, 2011, 03:52:02 AM

I have invested more than 12k USD in them. However my builds are also set up as gaming rigs should bitcoin fail and I need to recover my money.

Because God knows there's always money in Gaming.

...and the Banana stand.

TyGrr

member

Activity: 84

Merit: 10

I have invested more than 12k USD in them. However my builds are also set up as gaming rigs should bitcoin fail and I need to recover my money.

nefanon

member

Activity: 112

Merit: 10

Not enough.

worldinacoin

hero member

Activity: 756

Merit: 500

The bulk of my costs are in graphic cards, when things really get so bad they I have to exit, at least the graphic cards are high ended cards that will give some value.

Albert Schweitzer

newbie

Activity: 13

Merit: 0

About 300 €

fireball500

newbie

Activity: 22

Merit: 0

so far my only investment in btc has been $170 for a video card upgrade

ercolinux

legendary

Activity: 938

Merit: 1000

Quote from: GimmeDemBitz on September 24, 2011, 05:38:44 PM

Normal stocks don't fluctuate between $20 and one cent (bitcoin does). Everything in this post is wrong.

Quote from: nmat on September 23, 2011, 11:24:29 PM

Aren't stocks less volatile? I mean, last week Bitcoin price dropped 20% in one day.

With the possible exception of penny stocks, which are the stock market equivalent of roulette, Stocks generally tend to be stable. Why? Because they have things like the SEC, which makes sure that companies are reporting their earnings properly, aren't running off with shareholder's money *ahem*mybitcoin*ahem* or things of that nature.

Bitcoin dropped 20% in one day because pictures of Bill Cosby showed up on this forum, while 'normally' the price fluctuates by %30 every day. Magic: The Gathering Online Exchange was hacked and bitcoin crashed to one cent, all they did was call a do-over and reset everything the next day.

Here in Italy stocks can't fluctuate that much because there is a protection system that avoid any fluctaution over the 10% (both in high or in low) in a day halting the trade on that stock if that's occours. A lot of times there are stocks that can loose over 7-10% in a day, and are not penny stock but stocks in the mib20 (the top 20 stocks of the italian market).

But you're true that bitcoin is a lot more weak system: is really easy for speculator move the price up or down.

Valalvax

sr. member

Activity: 437

Merit: 250

250 in coins (don't ask about that, down to 90 or so Sad

)

140 in a mining rig, still significantly in the hole for that too..

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