Money Talk

How to get a good start in Bitcoin?

Submitted by Sui, , Thread ID: 8495

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RE: How to get a good start in Bitcoin?

#7
04-08-2015, 09:22 AM
Faded Wrote:
Only way of getting bitcoin now is buying it, mining isn't worth it anymore.
Pretty much do what Gummy said. Buy when the prices are low, and sell when the prices are high. It does have a risk tho.

It's pretty much gambling at this point. However that is what investing is :x
If you do want to mine tho Sui then do a fairly new coin, and just invest into a rig
just for mining, transfer that into USD if possible, and invest in bitcoin, or just take
that coin and trade it for bitcoin.

However why I say transfer it to USD first before bitcoin, is because people normally
don't want newer coin that isn't used/trusted/accepted but instead will invest
in it, just like bitcoin while the prices are low ect; So in conclusion, you will have
a better chance at trading the newer coin for USD.
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