Firstly I don't think anyone knows what will happen with bitcoins they have years of 400% growth and years of 80% losses so whether buying bitcoins is a sound investment strategy. you'll find some biased opinions here, but really its a question of risk tolerance and what you want to do.
as for joining a cloud mining op and mining shit coins? fuck that noise if you wanna be a hash nest is almost certainly going to be the most secure cloud mining set up. and they charge double for the asic you want to mine, I don't recommend fucking with cloud mining. that said I have no experience with cloud mining but it doesn't take a genius to see it fucks up ROI vs running an asic.
Thanks for your inputs mate. I do agree to some extent, but i think you missed my point. Im not going to expect to earn from mining activities anymore, it's pretty clear to me and my research that that is a lottery, not a business. My goal here is to mine for a while and gather some coins to hold. My question is really, perhaps there are still uses to cloud mining for "quick mine and hold" operation only, as opposed to putting together a mining rig (which will cost me some valuable time due to the shortages) . anyway just playing with the idea.. but i definitely agree with you, cloud mining for ROI and profit (like running a business) is really stupid given the numbers.