Quote from: Oasisman on December 25, 2017, 02:37:34 PM

Quote from: Mineboi on February 08, 2017, 09:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

Starting to invest in any field, knowing what you invest for is the first knowledge you must gain first before anything else. In regard with Bitcoin mining, I dont have much knowledge about this, but mining is very expensive. Specially in terms of electricity usage and hardware maintenance, you need to put up big amount of capital and you need to deal with the noise of the rig. I assume you knew about this. In my opinion, why dont you just buy Bitcoin and hold them for long time? Or if you have experience or skills in trading (like in stockmarket or forex) you can also trade altcoins here. Its a much easier and I can say lesser-risk investment.
Dont hesitate to invest your savings in Bitcoin it'll surely grow faster than depositing in to banks. Right now will be the perfect time to buy, while Bitcoin value is falling.

It would really be much wiser for you to save up your money in bitcoin form because it would really interest as the days goes by which we cant really see on those banks been offering. $80 every month savings would really take more some time for you to accumulate for you to buy your own miner (antminer s9) knowing that it do cost thousands of dollars which means you would really need to wait up some months or even years if we do try to look on its actual price. You do have other options though to fasten it up like trading.