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BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: zoran on January 27, 2014, 10:49:58 AM

Buy bitcoins tomorrow (700$) , sell them after 12th of february (1238$ they say

). Profit. Then think again what to do with your 20k$.

This is actually a real issue. I invested in BTC a long time ago. When it gets higher I sell a few. Now I got all these stupid USD so what do I do with them? Put them in the stock market? Government paper? Corporate paper? Money market?

So I put them back in BTC (on the dips)!

zoran

member

Activity: 82

Merit: 10

Buy bitcoins tomorrow (700$) , sell them after 12th of february (1238$ they say

). Profit. Then think again what to do with your 20k$.

Nova!

full member

Activity: 140

Merit: 101

Quote from: jonanon on January 20, 2014, 09:33:07 PM

Bitcoin may increase in value if demand exceeds supply and more shops start taking BTC as a method of payment

Actually I think the opposite will happen. As more shops take BTC directly the price will drop. The problem right now is hoarding. When the price increases stop coming there will be some blood letting as the hoarders wake up 2 years later and realized they would have made more money in US Treasuries and then dump.

There is more than enough BTC to supply everyone's needs. However the US Government is holding the silk road wallet and will eventually dump the silk road coins. Eventually PirateBryan may want to spend his BTC as well. That would free up substantial liquidity.

Still BTC will have it's ups and downs. I would not be shocked to see $10k/BTC by the end of 2014.

5thStreetResearch

full member

Activity: 126

Merit: 100

if you are gonna try to trade btc, coinbase wont be of much use, check out btc-e, they have numerous altcoins on there

harkonnen

full member

Activity: 210

Merit: 100

Quote from: bitcoinsrus on January 20, 2014, 02:31:00 PM

Hello, I have nearly $12,000 dollars and would like some advice on how to invest with bitcoin. Should I buy mining contracts from cloudhashing, cex.io, black arrow mining contracts
should I just short trade on coinbase, should i mine myself

Please help me out with some advice. Thanks

Don't listen to others, specially for those saying mining is at loss.
They probably run small mining gear, and don't want any competition causing difficulties going up.
Their arguments are half true. It is true that difficulty level is at prohibitively high that miners are in danger of losing money. But how else are you going to get bitcoin? Invest on them and hold on to it for few years? Good advice, but only half truth. If everyone hold on to bitcoin, and do not use them, the function of bitcoin will suffer. This is bad for everyone. Most of bitcoin must be circulated like cash.

Don't even listen to me, read everything on http://en.wikipedia.org/wiki/Bitcoin including all links in it.
Follow available standard investment guidelines like from investopedia.com
Spread your investment. Buy few bitcoins, do some cloudhashing, and mine yourself using some good gear from CoinTerra or KnC.

I personally use cex.io. But their hashing price is about three time more expensive than butterflylab, and a lot more than mining yourself. But I think it's good choice to parallel with other mining options. I currently have 5GHS, and will put two bitcoins in them soon. I'm waiting for coinbase to clear my purchase.
I am also trying to get mining machine from CoinTerra. KnC looks really good, but I live in USA, therefore, I will choose CoinTerra over KnC for various reasons.

But again, don't listen to anyone including me. It's your money.

geektang

newbie

Activity: 35

Merit: 0

no BTC mining,it's equal to working for machine seller and so diffcult to get reward

Trance

hero member

Activity: 551

Merit: 500

Quote from: bitcoinsrus on January 20, 2014, 02:31:00 PM

Hello, I have nearly $12,000 dollars and would like some advice on how to invest with bitcoin. Should I buy mining contracts from cloudhashing, cex.io, black arrow mining contracts
should I just short trade on coinbase, should i mine myself

Please help me out with some advice. Thanks

You could mind alt coins and trade them in for BTC, start off with doing your research as far as the hash rate for GPU's in order to mine scrypt coins, SHA256 coins cannot be mined without specific hardware.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: globalgaurav on January 23, 2014, 02:00:41 PM

Quote from: BurtW on January 21, 2014, 08:54:42 AM

No mining at all - long term you are better in BTC.

No alt/shit/crap/joke/scam coins - longer term almost all of them will fail.

Just invest in BTC on the dips.

My 0.02 BTC.

Gee, this is such a mind numbing 0.02 BTC

Thanks.

globalgaurav

full member

Activity: 199

Merit: 101

Quote from: BurtW on January 21, 2014, 08:54:42 AM

No mining at all - long term you are better in BTC.

No alt/shit/crap/joke/scam coins - longer term almost all of them will fail.

Just invest in BTC on the dips.

My 0.02 BTC.

Gee, this is such a mind numbing 0.02 BTC

Hanzie

newbie

Activity: 5

Merit: 0

In terms of return/hour you are much better buying and holding atm imo. Mining research is time consuming and returns aren't what they used to be.

As for buying you can maximize your investment buy picking the cheapest exchange and buying when that exchange is cheapest relative to the other exchanges. I would recommend spreading your investment across the 3 or 4 main cryptocurrencies. These track BTC fairly closely but give you more diversification.

I'd go with 70% BTC, 15%LTC, 15%PPC. You can purchase all of these at BTC-e which is also cheaper on average than the other main exchanges.

Before you buy look at the prices on http://bitcoinity.org/markets and check the other exchanges. If BTC-e is the cheapest then it's a fine time to buy. If not you're better off waiting a day or 2.

CaptainBeck

full member

Activity: 168

Merit: 100

Just throwing it out there,

You could give me the 12k to build rigs and invest in BTC. I make you FIAT and take a % for doing it.

Just an idea, but no different than giving ur money to a bank or hedge fund.

bitm3

full member

Activity: 135

Merit: 100

My advice is to invest in 2-3 mining machine and the remaining money in some bitcoins.
With the mining machine you will make some bitcoin and with the other bitocin you will invest in some trading process.

Good Luck !

garcias

member

Activity: 84

Merit: 10

Quote from: BurtW on January 21, 2014, 08:54:42 AM

No mining at all - long term you are better in BTC.

No alt/shit/crap/joke/scam coins - longer term almost all of them will fail.

Just invest in BTC on the dips.

My 0.02 BTC.

almost
im pretty sure Bitcoin will become redundant in some years and a lot of them will take bitcoin place(some years in future not now)
but i see some coins that are now at cents and will worth some $ in near future...

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

No mining at all - long term you are better in BTC.

No alt/shit/crap/joke/scam coins - longer term almost all of them will fail.

Just invest in BTC on the dips.

My 0.02 BTC.

CaptainBeck

full member

Activity: 168

Merit: 100

Depends if you want to get your hands dirty mining.

If you want to make bank in the future with little work. Spend all your money on buying BTC.

If you want to get dirty, spend your money on some scrypt rigs, and mine scrypt coins. You get some nice hash with that amount of FIAT.

garcias

member

Activity: 84

Merit: 10

I would buy 5K in bitcoins
2K in litecoins
and buy more 5K in bitcoins then exchange this 5K to--> EAC, DOGE, QRK, NXT, Zetacoin and others who can be really good
but this is me not you Wink

cz_miner

newbie

Activity: 45

Merit: 0

Try to make a portfolio of different altcoins. Some of them are pretty.

lucas.arvalo84

newbie

Activity: 28

Merit: 0

Quote from: okaynow on January 20, 2014, 10:24:11 PM

Buy low, sell high, keep some aside.
rinse, repeat, profit.

It seem to be easy Grin

bit-fxtrader

full member

Activity: 166

Merit: 100

Quote from: Revelations86 on January 21, 2014, 12:01:53 AM

I would say invest half in bitcoins and use the other half to build rigs for Scrypt mining (which is still profitable). This way, you don't put your eggs in one basket.

That's still the same basket.

jojofosho

newbie

Activity: 7

Merit: 0

If the crypto currency community is new to you then the best way to invest your $12,000 is to buy the coin outright. Make the purchase, store is securely, and watch the market as you would a stock.

Mining shares is still a possibility because of the fact that your $12,000 may go a little longer up front; however it goes back to your base knowledge of the community and you are more likely to get suckered going that route (plus there is more management on your part here)

Having your own miners is another option, but to manage that all on your own could become overwhelming, and not everyone is in the business of having hot/loud computers running in their homes (and this is probably the heaviest to manage).

All in all this is just like any other investment in life. The simple fact that you are looking at throwing $12,000 at something shows that you have made wise financial decisions in the past; so keep an open mind and do what feels right.

Duane Vick

member

Activity: 84

Merit: 10

I would invest about 25% of that in bitcoins at the current price. Then, look for any drops in price to purchase additional coins. Keep doing this until you are as vested in bitcoins as you want to be. This should give you a lower entry point into bitcoins. Then just sit on those coins.

I've been looking into mining bitcoins but after researching each option, I can't find any way to do it and feel sure of some degree of profit. Here's my take on bitcoin mining:

You have a box that you can put your cash into it and wait a year or two and in all probability, you will have a lot more cash when you open the box. On the other hand, instead of putting the money into the box, you spend all your money on a guy who promises to give you a box a few months from now only all the indications are that this box will have less money in it than the first box.

Revelations86

sr. member

Activity: 428

Merit: 252

I would say invest half in bitcoins and use the other half to build rigs for Scrypt mining (which is still profitable). This way, you don't put your eggs in one basket.

okaynow

hero member

Activity: 546

Merit: 500

PGP 9CB0902E

Buy low, sell high, keep some aside.
rinse, repeat, profit.

jonanon

full member

Activity: 154

Merit: 100

Bitcoin may increase in value if demand exceeds supply and more shops start taking BTC as a method of payment

bitcoinsrus

hero member

Activity: 518

Merit: 500

Can someone please explain why bitcoin will get higher. Everyone seems to think this. I hope it does as well.

Cryptopher

legendary

Activity: 1789

Merit: 1008

Keep it dense, yeah?

Quote from: bitcoinsrus on January 20, 2014, 02:31:00 PM

Hello, I have nearly $12,000 dollars and would like some advice on how to invest with bitcoin. Should I buy mining contracts from cloudhashing, cex.io, black arrow mining contracts
should I just short trade on coinbase, should i mine myself

Please help me out with some advice. Thanks

Avoid mining contracts, in fact, I dare say avoid mining full stop.

You are in a great position to invest in some coin and hold tight. If you are feeling fruity then try trade a few coins on the market, but no further than that.

Wait for a price that you feel comfortable to enter the market at and then go for it and never look back

rednalexa

member

Activity: 98

Merit: 10

Buy BTC for 12.000$ at a site, withdraw them to your wallet, encrypt the wallet, put the wallet on one USB drive, and a backup on 2 other USB drives. Store the USB drives in different locations. Wait...

bitcoinsrus

hero member

Activity: 518

Merit: 500

Yes bitcoin trading or holding long term seems best
Mining or cloud mining is based on difficulty.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Investing in Bitcoins is risky, but there is the possiblity of a high reward.

Investing in Bitcoin mining is more risky and the reward is less.

You can do the math from here.

inspiredinvestor

hero member

Activity: 658

Merit: 500

Quote from: bitcoinsrus on January 20, 2014, 02:31:00 PM

Hello, I have nearly $12,000 dollars and would like some advice on how to invest with bitcoin. Should I buy mining contracts from cloudhashing, cex.io, black arrow mining contracts
should I just short trade on coinbase, should i mine myself

Please help me out with some advice. Thanks

why mine? why not buy bitcoin and hold tight

at least a percentage

Johnny Bitcoinseed

full member

Activity: 154

Merit: 100

Johnny Bitcoinseed

Well, is that $12K you can afford to loose or is it all the money you have in the world? Answering that question is a good first place to start.

bitcoinsrus

hero member

Activity: 518

Merit: 500

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