Post
Topic
Board Beginners & Help
Re: Bitcoin investment ? Cloud mining ?
by
Kryza
on 27/01/2015, 15:04:08 UTC
In Canadian Dollars, the price of a Bitcoin 2 days ago was like 364$ and now it's 331, based on Preev Rates.
I'll probably just send all of my BTC's on bter.com and wait for the prices to go up, then sell. Then buy when it's cheaper.

edit: Yup, i'll do that, just realised that cloud mining was not a really good way to make btc's. Gambling either.

If you don't know what you're doing, you're very likely to lose your money this way.

If buying low and selling high was that easy, everyone would be rich by now.

There's plenty of people who bought 'cheap' at $700 and still waiting for price rise (or the other way around). There's no guaranteed average price.

Just look at bter.com, when the price of DOGE/BTC is at -10%, just buy some for 5 btc(example) and when it goes back to 0% or even +1.25% (Happens every 3 to 12 days) Pam, made 11.25% profit, you now have 5.56 BTC. More than 100$ profit. But you have to be damn lucky to make 11.25% profit, the more I made was yesterday for a test, the prices got to -10% and I sold back at -3.75%, but I only took for 0.225 btc, so it's not a really high profit.