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Topic: Should I keep or sell? (Read 2575 times)

legendary
Activity: 3206
Merit: 1069
September 11, 2013, 03:52:23 PM
#24
eh i haven't called you dumb, just what you have doing is dumb, but it's ok people make mistake, don't take it  like an offensive post...

legendary
Activity: 1372
Merit: 1000
September 11, 2013, 04:03:14 AM
#23
Hi it's rofl not rotfl. Anyway ost here any need to go around calling people dumb? I must admit after reading your reply I could tell that you have a far superior iq. I think you are the most intelligent person I have ever encountered actually.


For the alt coins that's a good idea! Can I mine them through cgminer?
legendary
Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
hero member
Activity: 910
Merit: 501
September 10, 2013, 05:13:06 PM
#21
But always never invest in ANYTHING unless you can afford to lose it.

Definitely. Of course that includes cash or bank deposits, which themselves aren't risk free.

CDIC insurance says otherwise...
legendary
Activity: 3206
Merit: 1069
September 10, 2013, 04:56:31 AM
#19
rotfl just buy BTC directly next time, i know mining is fun and all, but honestly this is atrociously dumb
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
September 09, 2013, 06:12:13 PM
#18
But always never invest in ANYTHING unless you can afford to lose it.

Definitely. Of course that includes cash or bank deposits, which themselves aren't risk free.
legendary
Activity: 1372
Merit: 1000
September 09, 2013, 04:23:53 PM
#17
Chances are.... yes very good point. I remember a year or so ago I bought some shares in an oil and gas exploration company for 3k. they were set to more than quadruple. Alas literally 2 days after I bought they came plummeting down to the value of 1k and never recovered. Its typical for me this kind of investment. But I am firmly believing I have taken enough hits now that surely one will pay off Smiley
Come on Bitcoin PLEEEEEEEAAAAAAASSSSSE

But always never invest in ANYTHING unless you can afford to lose it.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
September 09, 2013, 10:28:17 AM
#16
Yeah well I have sold it for 750. Also I have spent that on 10 bitcoins and I am going to continue buying 10 bitcoins a week for the next year. That is a lot of money Smiley

Famous last words. Wink

I like your style though. Keep it up, and the chances are that £750 worth of bitcoin won't amount to BTC10 for very long...
full member
Activity: 238
Merit: 100
September 09, 2013, 10:15:35 AM
#15
The miner in me says you should destroy them, as they are a curse on your soul and every bitcent you make, takes a fraction away from me. 

But in reality, just keep it and mine.  Is it really that big of a loss?  You spend a dollar in power a month to do something pretty cool that very few on the planet are even aware of or can even understand.  You're a part of something great even if it might not be profitable.... and stuff.
sr. member
Activity: 504
Merit: 250
September 07, 2013, 04:28:38 PM
#14
Mining and selling as you make them has never been profitable. If you keep your coins and sell later. you probably will.

I bought second hand GPU's, mined for a year and a half, and by then, my first coins have given a 10 fold return on their production costs, but I paid my electricity bill with real money and not by selling my home made coins right away.

So yes you might get in the red while mining, especially if you expect to recoup your hardware costs the first year.

But you are also right, if I had never bought any mining hardware and put my investment directly into coins, at the time I bought my GPU's, I would have had a greater return, but less nerdy fun!
legendary
Activity: 1372
Merit: 1000
September 07, 2013, 04:04:07 PM
#13
Yeah well I have sold it for 750. Also I have spent that on 10 bitcoins and I am going to continue buying 10 bitcoins a week for the next year. That is a lot of money Smiley
full member
Activity: 151
Merit: 100
September 07, 2013, 08:27:16 AM
#12
What do you want more: 1 BTC or $120? I'd go with 1 BTC, but whatever makes you happier.
legendary
Activity: 1372
Merit: 1000
September 07, 2013, 07:20:03 AM
#11
Very big noob mistake I could have bought a new mac book pro for that lol and its 3 days salary too! But anyway it was fun and I did learn quite a bit doing the set up
sr. member
Activity: 448
Merit: 250
September 06, 2013, 10:47:04 PM
#10
total noob mistake. this should be a sticky in noob sub-forum as a cautionary tale.
legendary
Activity: 1764
Merit: 1756
Verified Bernie Bro - Feel The Bern!
September 06, 2013, 09:05:52 PM
#9
I love these people that drop thousands on hardware and then do the profitability calcs.

So do the resellers and manufacture's
full member
Activity: 557
Merit: 101
September 06, 2013, 01:54:35 PM
#8
I love these people that drop thousands on hardware and then do the profitability calcs.
hero member
Activity: 792
Merit: 1000
Bite me
September 06, 2013, 10:20:44 AM
#7
if you can get 750 then go for it .
legendary
Activity: 1372
Merit: 1000
September 06, 2013, 10:05:04 AM
#6
OK well thanks for the tip
newbie
Activity: 24
Merit: 0
September 06, 2013, 09:55:38 AM
#5
Ok, I would probably if I were you.
Have you been offered £750? If so get rid Tongue
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