Bitcoin Forum
May 23, 2019, 05:13:30 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Best way to invest my current crypto's for short term ROI - suggestions welcome!  (Read 1051 times)
SLicKZA
Newbie
*
Offline Offline

Activity: 8
Merit: 0



View Profile
April 22, 2014, 01:17:51 PM
 #1

Hi guys,

Been lurking for a while here and figured before I spend any of my cash/crypto's I'd ask the community for some advice.

Currently I have around ~200LTC and ~5BTC. I'm considering investing these coins into either scrypt asic's such as the Gridseed units or possibly trading.

My question is, if you were in my position how would you endeavor to grow your stash of coins? Do I simply buy more crypto's and hold? Do I spend my current crypto's in ASIC's and hope for the best?

Please let me know your thoughts.

BTC
1558631610
Hero Member
*
Offline Offline

Posts: 1558631610

View Profile Personal Message (Offline)

Ignore
1558631610
Reply with quote  #2

1558631610
Report to moderator
PLAY OVER 3000 GAMES
LIGHTNING FAST WITHDRAWALS
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558631610
Hero Member
*
Offline Offline

Posts: 1558631610

View Profile Personal Message (Offline)

Ignore
1558631610
Reply with quote  #2

1558631610
Report to moderator
1558631610
Hero Member
*
Offline Offline

Posts: 1558631610

View Profile Personal Message (Offline)

Ignore
1558631610
Reply with quote  #2

1558631610
Report to moderator
1558631610
Hero Member
*
Offline Offline

Posts: 1558631610

View Profile Personal Message (Offline)

Ignore
1558631610
Reply with quote  #2

1558631610
Report to moderator
BitchicksHusband
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
April 22, 2014, 02:33:33 PM
Last edit: April 22, 2014, 10:11:46 PM by BitchicksHusband
 #2

Hi guys,

Been lurking for a while here and figured before I spend any of my cash/crypto's I'd ask the community for some advice.

Currently I have around ~200LTC and ~5BTC. I'm considering investing these coins into either scrypt asic's such as the Gridseed units or possibly trading.

My question is, if you were in my position how would you endeavor to grow your stash of coins? Do I simply buy more crypto's and hold? Do I spend my current crypto's in ASIC's and hope for the best?

Please let me know your thoughts.

BTC

There are a LOT of people on these boards that regret trading their bitcoins for mining gear in the past, so I definitely wouldn't do that.  It's very easy to lose on mining.

The only people with no regrets are those that bought and held for at least 6 months.  Buy what you can while we are hovering around $500, because history shows that once we pass $1200, we'll most likely never see $500 again.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
Tripjammer
Sr. Member
****
Offline Offline

Activity: 394
Merit: 250



View Profile
April 22, 2014, 03:50:06 PM
 #3

The miners are only losing because BTC went down to $500. When BTC goes back up to $1200....ASIC scrypt and BTC mining will be very profitable.

Everything is still kinda tied to BTC.

If you got cash just buy LTC and BTC and doge.

If you got some BTC then either hold it or take half if it and buy a some scrypt asics.

I still think gridseeds are over priced compared to the KNC miner mini Titan.

But buying a mini Titan is like going all in.

If you think about it it's a gamble no matter how you play it.

Fuck it! Hold and trade on cryptsy and mintpal. That's the easiest way to grow you BTC/LTC/DOGE

WishFinanceAlternative lending platform for SMEs
      ▬▬▬▬▬▬▬▬      Oct, XX Crowdsale  |  Aim for +YY% bonus!      ▬▬▬▬▬▬▬▬       
[ WishFinance tread ]  ●  [ Whitepaper ]  ●  [ Telegram ]
odolvlobo
Legendary
*
Offline Offline

Activity: 2506
Merit: 1314



View Profile
April 22, 2014, 05:18:24 PM
Last edit: May 06, 2014, 03:43:41 PM by odolvlobo
 #4

Currently I have around ~200LTC and ~5BTC. I'm considering investing these coins into either scrypt asic's such as the Gridseed units or possibly trading.

Buying mining gear without first figuring out how much it will earn is a mistake, of course. Just to break even, the equipment must cost less than 6 BTC per TH/s, assuming you start mining immediately.

Trading involves a lot of skill and a lot of luck. If you don't have both of those, you will lose money.

The miners are only losing because BTC went down to $500. When BTC goes back up to $1200....ASIC scrypt and BTC mining will be very profitable.

You are confusing gains from holding BTC to gains from mining BTC. The gains from mining BTC are independent of the price of BTC because everything is measured in BTC. Basically, if the equipment (and power) cost more in BTC than the BTC you mine, you are losing money -- regardless of the price of BTC.

Buy bitcoins with cash from somebody near you: LocalBitcoins
Buy stuff on Amazon at a discount with bitcoins or convert Amazon points to bitcoins: Purse.io
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
cooldgamer
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003


We are the champions of the night


View Profile WWW
April 22, 2014, 05:23:56 PM
 #5

Hi guys,

Been lurking for a while here and figured before I spend any of my cash/crypto's I'd ask the community for some advice.

Currently I have around ~200LTC and ~5BTC. I'm considering investing these coins into either scrypt asic's such as the Gridseed units or possibly trading.

My question is, if you were in my position how would you endeavor to grow your stash of coins? Do I simply buy more crypto's and hold? Do I spend my current crypto's in ASIC's and hope for the best?

Please let me know your thoughts.

BTC
Provide liquidity on Bitfinex, lowest risk way I can think of (assuming you trust they won't get hacked/run off).  Do that while you HODL

mailmansDOG
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
April 22, 2014, 09:02:01 PM
 #6

Curently I'm invested in playt.in. It's a bitcoin casino and exchange. You can buy bankroll shares. You basically get a daily divedend for your shares depending on the profits the website had. It might take sometime to make a ROI solely by the dividends but you can sell your sales at anytime if all you want is a short term ROI.

BitchicksHusband
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
April 22, 2014, 10:13:14 PM
 #7

Curently I'm invested in playt.in. It's a bitcoin casino and exchange. You can buy bankroll shares. You basically get a daily divedend for your shares depending on the profits the website had. It might take sometime to make a ROI solely by the dividends but you can sell your sales at anytime if all you want is a short term ROI.

Cause that's not a shady site that will soon be "hacked" or anything...

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
mailmansDOG
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
April 23, 2014, 12:30:16 AM
 #8


Cause that's not a shady site that will soon be "hacked" or anything...

Truth is that they've been around for quite some time now. But the judgment is yours to make.  Smiley

SLicKZA
Newbie
*
Offline Offline

Activity: 8
Merit: 0



View Profile
April 23, 2014, 10:11:03 AM
 #9

Thank you for all the replies so far, you lot have given me a ton to think about! Smiley
thresher
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


View Profile
April 23, 2014, 11:52:18 AM
 #10

With your current stash, you gain nothing by holding bitcoin/litecoin at a lower price then you would sell them.
If you think you will be able to mine the amount you were holding before the coin will hit your desired value, buy mining equipment (almost there on my antiminers  Smiley)
...if you think the coins will increase more then hold them.
...if you buy mining equipment that will never mine what you could have bought with them (getting more stupid gpus  Grin) then your fucked no matter what decision you made. 
gagalady
Legendary
*
Offline Offline

Activity: 938
Merit: 1000


View Profile
April 23, 2014, 02:13:03 PM
 #11

Well, definitely buy more coins. This is probably the most effective way to increase your bitcoins stack. Buying ASIC's pays off only after several months and if you get lucky, It could never pay off so buy coins.
counter
Hero Member
*****
Offline Offline

Activity: 798
Merit: 500


Time is on our side, yes it is!


View Profile
April 24, 2014, 07:03:07 AM
 #12

I can't suggest any mining gear unless you know what your getting into and have done all the research first and have a great idea of the amount of risk involved.  I'd say hold but I'm sure you've heard that enough.  If your feeling like taking some risk maybe invest an newer coin that you believe has potential.  using the profits you've made thus far.
r34tr783tr78
Sr. Member
****
Offline Offline

Activity: 385
Merit: 250


View Profile
May 05, 2014, 09:48:10 PM
 #13

Charts are suggesting low prices ahead. Don't buy more coins now, wait for a breach of the 480/500. Actually, even keeping these ones is risky.

aigareth
Full Member
***
Offline Offline

Activity: 143
Merit: 100


View Profile
May 06, 2014, 06:01:02 AM
 #14

I sell all my altercoin into blackcoin,I just want to gamble blackcoin.

exciteme
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
May 06, 2014, 06:02:30 AM
 #15

I would say for the extreme risk, invest in doge or nxt.

if you want medium risk just buy btc.
Harley997
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile
June 10, 2014, 03:18:30 AM
 #16

Hi guys,

Been lurking for a while here and figured before I spend any of my cash/crypto's I'd ask the community for some advice.

Currently I have around ~200LTC and ~5BTC. I'm considering investing these coins into either scrypt asic's such as the Gridseed units or possibly trading.

My question is, if you were in my position how would you endeavor to grow your stash of coins? Do I simply buy more crypto's and hold? Do I spend my current crypto's in ASIC's and hope for the best?

Please let me know your thoughts.

BTC

ASICs for scrypt is probably a better investment. With that being said the difficulty of LTC and other scrypt coins will likely increase dramatically in the near future with ASICs being introduced into the network.

If you are very early into the ASIC market for scrypt then you may make a decent ROI, the question is that are you too late to enter this market? My opinion is yes, it is too late.

My advise is to transact business in BTC (and possibly LTC)

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
PRIMEDICE
The Premier Bitcoin Gambling Experience @PrimeDice
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!