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Topic: How to best invest in bitcoins? - page 4. (Read 3167 times)

staff
Activity: 2454
Merit: 1617
Crypto Swap Exchange
July 03, 2014, 04:43:07 PM
#16
I suggest you to NOT invest on mining related.

Just buy your Bitcoin and hold it for months and year Smiley
But if you want a riskier, more exciting, and higher profits, then try to "invest" on altcoins
newbie
Activity: 55
Merit: 0
July 03, 2014, 04:32:46 PM
#15
buy hashes, alt coins or bitcoins and hold
newbie
Activity: 51
Merit: 0
July 03, 2014, 04:18:46 PM
#14
I'm in the same situation as you.

Buying bitcoin is safe with slow profit and buying altcoin feels like gambling with fast profit or loss.
I guess the choice depends on character…me not sure what to do either   Smiley
hero member
Activity: 672
Merit: 500
July 03, 2014, 04:02:35 PM
#13
Mining used to be profitable, but now is like giving someone a load of money and have them return them to you bit by bit in diminishing amounts. The best way to get bitcoin is to buy them with fiat, sell stuff in bitcoin, or offer services in bitcoin.
newbie
Activity: 48
Merit: 0
July 03, 2014, 03:19:43 PM
#12
Simply invest directly in BTC and hold.
sr. member
Activity: 462
Merit: 253
July 03, 2014, 03:08:36 PM
#11
What i think is don invest in mining , invest on alt coin and you might get rich real quick Smiley

But don't take advices from the "Alternate Currencies" section of this forum Wink
Investing in altcoins requires a lot of research on a coin's technology and community.
hero member
Activity: 896
Merit: 1000
July 03, 2014, 03:04:57 PM
#10
What i think is don invest in mining , invest on alt coin and you might get rich real quick Smiley
hero member
Activity: 658
Merit: 500
Buy and sell bitcoins,
July 03, 2014, 01:35:24 PM
#9
I highly recommend against investing in mining or cloud mining contracts, unless you think you have a knack for altcoin speculation. I would set aside what spare money you have and just buy when you can. Are there sellers in your area on localbitcoins.com?
sr. member
Activity: 462
Merit: 253
July 03, 2014, 01:34:07 PM
#8
Hi everyone! I'm just learning about bitcoins and I was wondering how to best invest in bitcoins on small but long term basis I live in the Philippines and cannot afford to buy hardware for mining. I've recently tried doing some faucets to better grasp how the wallet works and faucets seem like it will take forever to earn a single bitcoin. Any suggestions as to how to go about investing? The budget I can afford for this would be approximately $20-30 a month thanks in advance to anyone who would reply.
Hi welcome to forum,

try cloudmining, but first make some search about.
check CLOUDMINING.GURU - YOUR #1 CLOUD MINING REVIEW SITE

e.g. pbmining is paying for long time.

or try newer [ANN] .0029 BTC per GH/s - 5 year contract or Cloudhashers - custom mining contracts starting from 0.01 BTC (no guarantee)

I would definitely not suggest "investing" in cloud mining. The gh/s on these site are 5x overpriced.
Before considering buying that, please make calculations on vnbitcoin.org/bitcoincalculator.php to see what a gh/s should really be worth.
Plus, these cloud mining sites mine on large pools which contributes to the centralization of Bitcoin mining.

I'd suggest instead to simply buy Bitcoins and hold them in a secure wallet.
legendary
Activity: 1022
Merit: 1000
July 03, 2014, 01:24:59 PM
#7
Seriously, buy bitcoins, wait.  Mining is just buying bitcoins in a different way.  This is not to say never mine, but unless you know what you are doing or educate yourself you accomplish the same result.  Mining can be fun though!

Good Luck!
legendary
Activity: 1190
Merit: 1000
no need to carry heavy money bags anymore
July 03, 2014, 01:24:37 PM
#6
@Wusolini - I was thinking of doing cloud mining but would investing in increments of $20 a month really gain a profit in cloud mining?

@Cryptocreek - Unfortunately I would not be able to afford purchasing a GPU and mining since my funds are very limited

Thank you

cant tell you sure, Iam on same boat, I have few investments but nothing serious.

cloudhashers gives you 3% daily so thats very good profit. Too good, so be careful!

Pbmining, few of my friend joined from begining, now have invest back and still profiting, but mostly due to referrals

also can try cex.io, but rahter stay away from them.

 
sr. member
Activity: 462
Merit: 250
July 03, 2014, 01:23:15 PM
#5
Buy GPU hardware and mine Smiley

with gpu he will never make ROI, unless he starts to mine some altcoin in the beggining and it becomes succesful.
newbie
Activity: 8
Merit: 0
July 03, 2014, 01:14:02 PM
#4
@Wusolini - I was thinking of doing cloud mining but would investing in increments of $20 a month really gain a profit in cloud mining?

@Cryptocreek - Unfortunately I would not be able to afford purchasing a GPU and mining since my funds are very limited

Thank you
member
Activity: 73
Merit: 10
July 03, 2014, 01:01:50 PM
#3
Buy GPU hardware and mine Smiley
legendary
Activity: 1190
Merit: 1000
no need to carry heavy money bags anymore
July 03, 2014, 12:39:21 PM
#2
Hi everyone! I'm just learning about bitcoins and I was wondering how to best invest in bitcoins on small but long term basis I live in the Philippines and cannot afford to buy hardware for mining. I've recently tried doing some faucets to better grasp how the wallet works and faucets seem like it will take forever to earn a single bitcoin. Any suggestions as to how to go about investing? The budget I can afford for this would be approximately $20-30 a month thanks in advance to anyone who would reply.
Hi welcome to forum,

try cloudmining, but first make some search about.
check CLOUDMINING.GURU - YOUR #1 CLOUD MINING REVIEW SITE

e.g. pbmining is paying for long time.

or try newer [ANN] .0029 BTC per GH/s - 5 year contract or Cloudhashers - custom mining contracts starting from 0.01 BTC (no guarantee)
newbie
Activity: 8
Merit: 0
July 03, 2014, 12:21:21 PM
#1
Hi everyone! I'm just learning about bitcoins and I was wondering how to best invest in bitcoins on small but long term basis I live in the Philippines and cannot afford to buy hardware for mining. I've recently tried doing some faucets to better grasp how the wallet works and faucets seem like it will take forever to earn a single bitcoin. Any suggestions as to how to go about investing? The budget I can afford for this would be approximately $20-30 a month thanks in advance to anyone who would reply.
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