So after being paid a little bonus, i'm wondering what is best to do....
I'm not sure how low BTC will come down to after this monsterous surge, so i figure i have 2 options:
1 - Buy BTC when i figure is the best time. But when is that time?!?! Is it when it reaches $9,000? $8,000? Is it even likely to go that low again?
2 - Buy another miner and have it hosted somewhere. I already have a home miner so i'd like somewhere cheaper to run another one (expensive and inconvenient in the UK), and i'd like to skip the $200/250 import VAT duty. But then i have to wait 2 months or so for an S9. Or maybe worth waiting until the new Avalon 8 series comes out early next year?
With this amazing surge in price, i'm tempted to just buy more BTC, but then i am concerned the price might correct itself and lose out.
Thoughts everyone? What would you do with $1500?
I'm not sure how low BTC will come down to after this monsterous surge, so i figure i have 2 options:
1 - Buy BTC when i figure is the best time. But when is that time?!?! Is it when it reaches $9,000? $8,000? Is it even likely to go that low again?
2 - Buy another miner and have it hosted somewhere. I already have a home miner so i'd like somewhere cheaper to run another one (expensive and inconvenient in the UK), and i'd like to skip the $200/250 import VAT duty. But then i have to wait 2 months or so for an S9. Or maybe worth waiting until the new Avalon 8 series comes out early next year?
With this amazing surge in price, i'm tempted to just buy more BTC, but then i am concerned the price might correct itself and lose out.
Thoughts everyone? What would you do with $1500?
I don't think it makes sense to put that into mining right now. Try to get the best of a cycle and you may be able to make good returns on your bitcoin if you invest. Or you could look into some altcoins that have been performing well and work your money into them. It'll take some research, but if you do it right, you'll end up in the green. I just don't think mining is as profitable as it once was.