Topic: What would you do with 1000$? - page 2. (Read 1183 times)
Invest in education "Trade crypto currencies"
Hey all,
I have a 1000$ 'budget' to invest in BTC/alts. I already have some mining gear (2.7 Mhs total) and I'm not that great at trading, apparently I can only get coins that immediately go down in value. :!
So if you were in my situation, what would you do with 1000$? There's just too much stuff to read/learn for me to make timely decisions and I don't want to miss a good opportunity. Can I get into a buying group with that money? Are there bonds I can buy instead?
What would you do? Thanks for any advice.
I have a 1000$ 'budget' to invest in BTC/alts. I already have some mining gear (2.7 Mhs total) and I'm not that great at trading, apparently I can only get coins that immediately go down in value. :!
So if you were in my situation, what would you do with 1000$? There's just too much stuff to read/learn for me to make timely decisions and I don't want to miss a good opportunity. Can I get into a buying group with that money? Are there bonds I can buy instead?
What would you do? Thanks for any advice.
I'd invest half directly into Bitcoin. The other half I'd put in slightly riskier Bitcoin investments. Maybe some ASIC miner shares, Bitcoin Global shares, or some Bitcoin mining equipment. Your return probably won't be as good as if you just invested directly into Bitcoin but you would be helping to support the network and the larger Bitcoin economy.
Also, I would suggest against investing into 'alt' coins. With the state of things right now groups are hyping up new coins, then selling once they hit a desired price leaving newcomers holding then worthless coins. If you really want to invest into one of these coins, do your research. Find one that has particularly favorable and inventive attributes. Most importantly, it needs a good development community supporting it. Without that it's probably just a pump and dump coin.
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Id go to the casino with $500 and see what I can make with that. Then probably buy some shares or something.
Given the track record of the bitcoin community, those two are not mutually exclusive.
Id go to the casino with $500 and see what I can make with that. Then probably buy some shares or something.
Use BTCT-CO (Think NYSE for bitcoin) to invest in ASICMINER-PT.
Buy bitcoins, and invest half of them in ASICMINER.
Only problem is that currently ASICMINER shares are quite expensive, so you may want to wait 1 or 2 weeks to see if they go down.
Of course, they might go up instead.
That said, I never invested large sums all of a sudden, instead I gradually bought some coins once per month, more or less.
Only problem is that currently ASICMINER shares are quite expensive, so you may want to wait 1 or 2 weeks to see if they go down.
Of course, they might go up instead.
That said, I never invested large sums all of a sudden, instead I gradually bought some coins once per month, more or less.
Buy 7.5 Bitcoins.
Hey all,
I have a 1000$ 'budget' to invest in BTC/alts. I already have some mining gear (2.7 Mhs total) and I'm not that great at trading, apparently I can only get coins that immediately go down in value. :!
So if you were in my situation, what would you do with 1000$? There's just too much stuff to read/learn for me to make timely decisions and I don't want to miss a good opportunity. Can I get into a buying group with that money? Are there bonds I can buy instead?
What would you do? Thanks for any advice.
I have a 1000$ 'budget' to invest in BTC/alts. I already have some mining gear (2.7 Mhs total) and I'm not that great at trading, apparently I can only get coins that immediately go down in value. :!
So if you were in my situation, what would you do with 1000$? There's just too much stuff to read/learn for me to make timely decisions and I don't want to miss a good opportunity. Can I get into a buying group with that money? Are there bonds I can buy instead?
What would you do? Thanks for any advice.
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