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Posted on 11/7/13 at 9:04 pm to WikiTiger
This bitcoin shite confuses me too. How do you make money on it? Is it like investing in the market?
Posted on 11/7/13 at 10:50 pm to phil good
its a digital currency.
i think its too late in the game to really make alot of money off of it. when the price was below 100 you had a chance. but with it being so high now you would have to invest alot with no real way to know if the price will keep going up.
i think its too late in the game to really make alot of money off of it. when the price was below 100 you had a chance. but with it being so high now you would have to invest alot with no real way to know if the price will keep going up.
Posted on 11/8/13 at 2:57 pm to WikiTiger
quote:
No. Mining is a fast moving game nowadays and pretty much requires a hefty capital investment and a 40+ hour a week time investment. There is definitely money to be made in mining, but you pretty much have to make it your job.
Why is this the case? I thought you could buy a few ASC miners, let them run, and you would be on your way. I keep thinking about it, and keep putting it off. Now, the price is ridiculously high again, and once again thinking about it :)
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