Quote from: JoelKatz on February 10, 2014, 12:19:48 PM

Quote from: Searing on February 10, 2014, 09:40:57 AM

although a truely smart noob woulda hedged bets with both (i was not such a noob but got lucky with a knc product)

You're not really hedging your bets. If Bitcoin goes down in price, you lose on both.

well I'm optimistic even if mining it would eventually go back up..or if not bitcoin is eventually doomed....but the point is
it would take quite the far sided noob to dump say 7K into just plain bitcoin speculation...(hey if it was easy people would do this
with gold/silver as noobs)

but people being people seems they have no problem dumping 7K into a bitcoin mining machine (or me anyway)

go figure

either camp mining or buying only or both....bitcoin has to rise at some kind of legit pace in regards to worth with other fiat dollars
or the whole thing kinda becomes moot to invest in either bitcoin or mining...as a transaction mechanism it has to be used and grow
it is not there yet in growth imho...

but then again what do I know I'm still waiting for my noob equipment I got (ordered april 2014) from Butterflylabs and due to no refund was forced to
upgrade the 65mm bricks I was supposed to get in May and would have got at thanksgiving to future bricks as a hail mary pass
ie the monarch 600gh card bricks sometime in the future (they said dec then jan then feb now they say march....great racket....sell something
no one ever gets and don't refund)

don't listen to me imho

my 2c worth

Searing