speculative scenario -- what would you do?

bcp19

hero member

Activity: 532

Merit: 500

Quote from: mccoyspace on September 02, 2013, 04:03:14 PM

If you had about $1500-$2000 of FREE money available between now and a year from now. (say it's from your parents, your employer, an envelope found on the street, from God, whatever....)
You also had free electricity and network resources.
Nothing on pre-order, no place in any queue.

What course of action would you take vis-a-vis mining?

Buy BTC and move it to a cold wallet.

Bitweasil

sr. member

Activity: 420

Merit: 250

Quote from: mccoyspace on September 02, 2013, 04:03:14 PM

What course of action would you take vis-a-vis mining?

I wouldn't.

There is no winning move with regards to buying mining hardware right now.

If I were forced to do something mining related with it, I'd split it across various mining securities.

jspielberg

sr. member

Activity: 490

Merit: 255

Hold off until March... we are entering the beginning days of DIFFIPOCALPYSE!

No... seriously... hold your money. When everyone gets discouraged with the difficulty, and their fancy 400GH+ miner that they have been using since November is making .05 btc/day (I am thinking Feb./March) and starts dropping out would be best time to jump in.

Alternatively, if the whales start dumping cheap coins... might want to consider bottom feeding. I haven't had much luck catching the falling knife though... so be warned.

The best advice I can give you is not to take anyones advice on the internet. Do you own analysis.

mccoyspace

full member

Activity: 237

Merit: 101

If you had about $1500-$2000 of FREE money available between now and a year from now. (say it's from your parents, your employer, an envelope found on the street, from God, whatever....)
You also had free electricity and network resources.
Nothing on pre-order, no place in any queue.

What course of action would you take vis-a-vis mining?

Topic: speculative scenario -- what would you do? (Read 768 times)