where should i invest 1 btc?
how to trade?
how to trade?
Topic: where should i invest 1 btc ? - page 2. (Read 2597 times)
It sounds like you haven't done a whole lot of research into trading strategy and technical analysis, so I wouldn't jump into it quite yet. At the very least, do some research into common charting patterns and how to properly use indicators. The TradingView.com bitcoin chat has been a great resource to me as well.
You can go ahead and invest in altcoins, or go ahead and gamble if you feel that it's less risky than altcoin investment.
If you are asking where to invest it then you should just hold it.
As of ~a week ago I would have told you to put it in a casino (invest in their bankroll) however with the closing of JD, I don't think this would be a viable option anymore. If PD would allow investors to invest in their bankroll then I would def recommend them.
Check out litecoin.
In my experience.
Hold it.
I invested about 15 BTC (at the time) into mining gear, but have not yet reached that # again.
Hold it.
Hold it.
I invested about 15 BTC (at the time) into mining gear, but have not yet reached that # again.
Hold it.
HODLLLLLL!!
You are asking people to hand you money because you are a college student who wants to make money. YOu have not taken into account the WIIFM principle which says, "What's in it for me?" Honestly, the fact that you are asking for a free handout does not give me much confidence that you will successfully turn the bitcoins donated to you into profit. To be successful in business endeavors you must have a business mindset.
If you took the most successful business man in New York (a Donald Trump type) and erased his entire history and fortune and made him start over as a college kid with one bitcoin and a crappy miner and told him to make profit, his first step would not be to ask people for free bitcoin donations so that he could get started.
His first step would be research. He'd learn how others have made profit. He talk with those others. He'd watch how they make deals and he'd see where their bitcoins go to become investments. He'd come up with the money he needed by providing perceived or actual value in return for what he was asking for. This is the way business is done. You have offered no value by asking for free bitcoins. People have no interest in whether or not you succeed. I would gain nothing by giving you a second Bitcoin, what would you do with it? Ask people for more? Even if you miraculously turn it into 1000 bitcoins, what would I gain from that? What value do I get from giving you free money?
The time you spend begging for handouts is time you could be spending researching and learning. You must create value and offer it in exchange for what you ask for. Consider these four paragraphs my donation towards your efforts. Good luck!
EDIT: this post was in response to the original thread before it was changing to "Where should I invest 1 BTC?" Good change! Now you're on the right track! Personally I'd just keep the 1 BTC and try to buy as much more as possible. Bitcoin is probably the greatest investment opportunity since the invention of the internet and probably even better than that. To invest bitcoin into something else is probably not a good idea imo. I'd say investing everything else into Bitcoin is the way to go. Start working on how to get to 2 BTC. That's my two Satoshi's anyway.
If you took the most successful business man in New York (a Donald Trump type) and erased his entire history and fortune and made him start over as a college kid with one bitcoin and a crappy miner and told him to make profit, his first step would not be to ask people for free bitcoin donations so that he could get started.
His first step would be research. He'd learn how others have made profit. He talk with those others. He'd watch how they make deals and he'd see where their bitcoins go to become investments. He'd come up with the money he needed by providing perceived or actual value in return for what he was asking for. This is the way business is done. You have offered no value by asking for free bitcoins. People have no interest in whether or not you succeed. I would gain nothing by giving you a second Bitcoin, what would you do with it? Ask people for more? Even if you miraculously turn it into 1000 bitcoins, what would I gain from that? What value do I get from giving you free money?
The time you spend begging for handouts is time you could be spending researching and learning. You must create value and offer it in exchange for what you ask for. Consider these four paragraphs my donation towards your efforts. Good luck!
EDIT: this post was in response to the original thread before it was changing to "Where should I invest 1 BTC?" Good change! Now you're on the right track! Personally I'd just keep the 1 BTC and try to buy as much more as possible. Bitcoin is probably the greatest investment opportunity since the invention of the internet and probably even better than that. To invest bitcoin into something else is probably not a good idea imo. I'd say investing everything else into Bitcoin is the way to go. Start working on how to get to 2 BTC. That's my two Satoshi's anyway.
mining, very risky but little to no labour (human interaction):
in my opinion ROI is so narrow i wouldnt recommend mining especially on your low investment level, all you will be getting is pennies per day meaning it would take a year to get your bitcoin back
exchanges, risk but requires human involvement and judgement:
i have ALOT of bitcoins.. not saying how many. .. but when it comes to trading on exchanges i only throw 1btc in for 'sh*ts and giggles'. and i am able to make profit on it.
first lesson to learn DO NOT put the whole 1btc on a single order price. break it up into 5 orders atleast. that way if one order sells and the price continues to rise you still have spare amounts to sell higher. rather then waiting and waiting and waiting for the price to fall..
the old addage is "dont put all your eggs into one basket."
yes the are price swings in 48 hour periods of 5% ($600-$630, $610-$640) but dont be so gready to try riding it to the top and waiting to buy back in at the bottom to try to only get 5% everytime.. aim for 1.5% (1% profit 0.5% fee turn around).
be smart. play small amounts for small profits regularly. do not risk big amounts for the big rewards, as its risker and takes longer to achieve. play smart!!
if unsure dont throw the $600 into an exchange in one go, put 0.1btc in and break that down into small amounts of 5-10 orders, then when confident risk adding more to an exchange.
retail safer investment:
buying a few products that you can sell for a 20%-50% marked up price for bitcoin is the safer route, keep the profits (20%-50%) and rebuy stock, and repeat over and over again. research 'dropshippers' as they dont require you to hold stock, you simply pay as you go, handing them the delivery address of your customer and they deal with it.
simply holding:
by simply holding bitcoin and leaving it at the back of your mind, in a few months time the $600 could be worth alot more
in my opinion ROI is so narrow i wouldnt recommend mining especially on your low investment level, all you will be getting is pennies per day meaning it would take a year to get your bitcoin back
exchanges, risk but requires human involvement and judgement:
i have ALOT of bitcoins.. not saying how many. .. but when it comes to trading on exchanges i only throw 1btc in for 'sh*ts and giggles'. and i am able to make profit on it.
first lesson to learn DO NOT put the whole 1btc on a single order price. break it up into 5 orders atleast. that way if one order sells and the price continues to rise you still have spare amounts to sell higher. rather then waiting and waiting and waiting for the price to fall..
the old addage is "dont put all your eggs into one basket."
yes the are price swings in 48 hour periods of 5% ($600-$630, $610-$640) but dont be so gready to try riding it to the top and waiting to buy back in at the bottom to try to only get 5% everytime.. aim for 1.5% (1% profit 0.5% fee turn around).
be smart. play small amounts for small profits regularly. do not risk big amounts for the big rewards, as its risker and takes longer to achieve. play smart!!
if unsure dont throw the $600 into an exchange in one go, put 0.1btc in and break that down into small amounts of 5-10 orders, then when confident risk adding more to an exchange.
retail safer investment:
buying a few products that you can sell for a 20%-50% marked up price for bitcoin is the safer route, keep the profits (20%-50%) and rebuy stock, and repeat over and over again. research 'dropshippers' as they dont require you to hold stock, you simply pay as you go, handing them the delivery address of your customer and they deal with it.
simply holding:
by simply holding bitcoin and leaving it at the back of your mind, in a few months time the $600 could be worth alot more
I seriously doubt anyone is going to just give you bitcoin but I wish you luck in your panhandling endeavors. I think with a bit of research you could start to generate your own bitcoin with little to no investment. How about selling some of your stuff to get some btc?
where should i invest 1 btc?
how to trade?
how to trade?
Jump to: