Quote from: willy_00 on June 15, 2016, 09:59:39 AM

And hey since your here here's something about me.

I started investing bitcoin last year and I was born at the wrong time. Now since GPU mining is dead and the difficulty is now over the moon. I am kinda new to bitcoin because of my stupidity, I ha I lost like almost 1BTC(that's a lot to me) to hyip and never learnt my lesson. Now at least I know how to make profits out of hyip but its kinda too late. I have ran out of money and now stuck with 50 dollars, and cause of playing safe and pass experience I dare not take a risk.

I now invest in cloud mining hashflare which now soon will turn out to be a scam. So I am starting a new plan soon which is why I need the 300 for. I hope I can learn more from this fourm.

I don't know if you are for real or not, but when we were investing in things like that, this was the system that worked and it is based on the "hedge fund" technique of investing in stocks

1. Never invest everything in one site or system. If it fails, you lose everything

2. For mining rental and "investing", pick ten sites and equally invest in each. Some will fail, some will run, some are useless and some will make a little money. Do not change the investment system based on the success of a site. You can drop the sites that are failing or not making anything, but do not start throwing more than the ten percent of your investment in one site because it is doing well. Instead, each week put ten percent into ten mining sites. Lose the garbage sites and replace them with new ones, while continuing to put the same ten percent into the ones that are working.

3. Always take your money. If an investment is online, pretty unknown and happen to pay off, take the money. You can put the same amount as the original investment back into the site(maybe), but never let money sit there on the same unknown site for months, most sites fail and you are just waiting for that to happen

4. Get an extra computer and fill it with the wallets of new altcoins. Do not listen to what others tell you to buy and sell. Choose the coins that you think you want to be part of and do at least five per week. Mine the coins for a few days and leave the coins in the computer wallet. You can stop running the wallet, but do not delete it. New Scrypt coins will fill to a good number fast. Keep the wallet for six months and check what is happening with that coin halfway through. After the initial mining(generating) the wallet takes up little space because the chain is short. If the coin takes off, then slowly feed your into the system. DO NOT DUMP large quantities of coins just because the price is high, that will disturb the price and cause the coin to become fallible. Personally, after the six months I did delete the wallet, but I used cloud storage for a simple text files of the private and public keys, plus I kept a local file of the key phrases.

5. Avoid trying to get rich quick and stay calm. Just think about all those people that sold their bitcoins early this year. Maybe they paid $250 for a BTC and sold it for $450, that's great, but you can sell half at $450 and hold half and that would mean that you spent $250, six months later(price is $500), you sold half the the coin and now you have broken even, but still have half a coin. Now, Price is $800 and that half a coin is worth $400 with zero expenses.