Quote from: Amph on September 17, 2015, 07:26:58 AM

Quote from: rusticforester on September 16, 2015, 10:28:20 PM

Quote from: btvGainer on September 16, 2015, 09:48:25 PM

Quote from: rusticforester on September 16, 2015, 03:53:03 PM

I have seen questions on the forum and it worries me to invest, I have about 8000 USD to invest and would like to know if it is a wise move or I should just keep my money.

Where can and how do I buy Bitcoins?

Thank you

8000 $ Is a big amount you can buy yourself mining hardware for this amount and mine bitcoin

my friend looked at this.

I could buy 3 x AntMiner S5+ Miners. That would cost me $7000

I would make roughly $1400 per month. - minus electricity I would make $900 per month. now to get my $7000 back, I would need 8 - 9 months. In which time difficulty would have rose so more like 12 - 15 months.

Let alone all the hassle and space. I would get my money back in BTC mining eventually, Or I could just buy 35 BTC now and hope it rises.

please correct me if my math is wrong.

don't do the first, it's too time consuming, while it's true that if you were to start mining on january for example, at this time you have roied, from now new asic with better efficiency are coming, so the diff will increase heavily

i don't believe bitcoin will fall sub 200, so it's kind safe to buy right now, if we move on the 230-250 range this is already 2-3 btc profit each time

Yes, just buy the coins. For all of $8,000 or for a part of it. It's really your call. But don't get into mining. Mining is to unpredictable and the tides change way too much and way too often. It's a big risk in my opinion.

While like Amph has said, the chances that Bitcoin goes under $200 do exist, but are not likely. It may even dip under but it will bounce back very quickly. So this is much safer bet in my opinion than investing into mining hardware.