Recommended Posts

Well, today I have decided to have a little bit of fun by throwing $10 dollars into Coinbase since bitcoin is only $821. Lets hope it jumps back up to a grand (or higher...). :D  I'm not really expecting to make any large amounts of money by investing (for now at least) and mining is out of the question for now. 

 

So what about you guys? Do you have bitcoins? Any tips for n00bs?

 

 

Thanks! 

Link to comment
https://www.neowin.net/forum/topic/1195703-jumping-into-bitcoin/
Share on other sites

If you're looking for a proper investment, I'd recommend the stock market.  Bitcoin is way too unstable right now, and it's not exactly an established form of "currency" yet.  It crashed in value when China turned its back on it, so it probably wouldn't take much to completely devalue it.  A hack or security breach would probably bring it to its knees.

 

One suggestion I could give you it look for stocks with high dividend yields.  I have investments in a few that give 15%-25% dividends per year, so that's a lot of free money (given that the stock value stays steady).

 

Though I guess if you aren't looking to invest much, then it might not be worth your time.  I trade through Scottrade, and they charge $7 per trade.

Don't.

 

That is all.

 

I appreciate your opinion. :) I will try not to get too far into it. :D

 

 

I don't see the issue with this, as long as you're not expecting anything. It's kind of cool to understand how it works.

 

Yup. This is basically for educational purposes. If I made .10 cents I would be happy. LOL! 

If you're looking for a proper investment, I'd recommend the stock market.  Bitcoin is way too unstable right now, and it's not exactly an established form of currency yet.  It crashed in value when China turned its back on it, so it probably wouldn't take much to completely devalue it.  A hack or security breach would probably bring it to its knees.

 

One suggestion I could give you it look for stocks with high dividend yields.  I have investments in a few that give 15%-25% dividends per year, so that's a lot of free money (given that the stock value stays steady).

 

Though I guess if you aren't looking to invest much, then it might not be worth your time.  I trade through Scottrade, and they charge $7 per trade.

 

It's funny you mention that! I was actually looking into investing in Office Depot since they are currently merging with Office Max and things might heat up. In terms of investing with a company, I would probably invest a lot more than what I am with Bitcoins. (Maybe $10-12,000 in various companies) With bitcoins, I'm a bit more skeptical, so I'm testing the water with $10. :D Are there any companies you would personally recommend? 

It's funny you mention that! I was actually looking into investing in Office Depot since they are currently merging with Office Max and things might heat up. In terms of investing with a company, I would probably invest a lot more than what I am with Bitcoins. (Maybe $10-12,000 in various companies) With bitcoins, I'm a bit more skeptical, so I'm testing the water with $10. :D Are there any companies you would personally recommend? 

An interesting area you can look into are REIT (real estate investment trust) stocks.  In simple terms, they are companies that deal with real estate, and they are mandated by law to give back something on the lines of 90% of their income back to the shareholders in the form of dividends.  So some of these stocks give dividends of 15% or more.  This sector was actually hit really hard in the last 6 months or so and lost a lot of value (not exactly sure why), but it is predicted to make a strong comeback.  So if you'd get into these, you might get gains in the stock value itself plus the dividends.  One I'm invested in is American Capital Agency Corp. (ticker: AGNC).  They used to have a dividend of about 20%, but it's been cut to around 13% due to their value dropping.  Regardless of that, I've basically doubled my money just on the dividend payouts.  This has been one of my favorite stocks of the past few years and I'm investing more into them since the price is low (and will hopefully go back up).

 

Energy stocks are also a hot commodity.  Nuclear would have been a huge one to invest in hadn't Fukushima happened.  Oil and Natural Gas will probably be booming industries in this country moving forward.  Chesapeake Granite (ticket: CHKR) has been one I've been eyeing up.  It has a 25% dividend and it's near year lows.  It's mighty tasty!

 

Besides that, I've invested in everything from banks to tech stocks such as Intel, AMD, Sony, and Micron.  All of them have done really well except for AMD.

 

I'm not too knowledgeable about this stuff, but I've basically played the "buy low, sell high" strategy.  Find a big company that's stock value is close to year lows, and you'll almost guarantee to make profits fairly quickly.  Yeah there's risk of losing money too, but there's potential for a buyout or an executive change, which will make the stock value explode.  It's a great feeling when the crappy stock you've been "married" to goes up 120% in one day when it gets bought out.

 

www.marketwatch.com and www.seekingalpha.com are the two websites that I follow religiously.  If anything, you'll learn a bit more about the business and finance world. :)

If you're looking for a proper investment, I'd recommend the stock market.

 

Proper?

 

 

Generally, the priority of claims on the company's assets will be determined in the following order:

  1. Liquidators costs
  2. Creditors with fixed charge over assets (bond holders)
  3. Costs incurred by an administrator
  4. Amounts owing to employees for wages/superannuation
  5. Payments owing in respect of workers's injuries
  6. Amounts owing to employees for leave
  7. Retrenchment payments owing to employees
  8. Creditors with floating charge over assets (bond holders)
  9. Creditors without security over assets
  10. Shareholders

 

 

 

Shareholders are on the bottom of the list in the priority of claim and they are the last group to get paid out of what's left when a company goes belly up. It's one of the riskiest instruments. It can be a good way to quickly get rich or lose all your money.

 

A proper investment is something that gives you a guaranteed, a near risk-free return such as bonds (federal, state, municipal and corporate debt obligations). 

Proper?

 

Shareholders are on the bottom of the list in the priority of claim and they are the last group to get paid out of what's left when a company goes belly up. It's one of the riskiest instruments. It can be a good way to quickly get rich or lose all your money.

 

A proper investment is something that gives you a guaranteed, a near risk-free return such as bonds (federal, state, municipal and corporate debt obligations). 

Err, I'm not really seeing what your point is.  Perhaps you misunderstood what I said.

Stocks are an actual form of investment, whereas Bitcoin isn't meant to be.  All I said was that since he's looking to invest money somewhere, he should do it in an established market.  Regardless, the word "proper" is an subjective term.

i have never spent any money on bit coin just using bitcoinget and a few others as well as having a very small bit coin mining operation going on (3 computers) and i have 1.0234 Bitcoins at the moment.

I've used a couple of websites where you get free bitcoins for doing things like watching commercials.  I've racked up a whopping $0.75, although when I first started it was like $0.16, it has jumped up with the value of bitcoin.

  • 1 month later...

bitcoin took a hit from that one exploit they found that allowed bitcoin to be spent twice.. they fixed it but bitcoin is still hurting.

 

I would say .. try the bitcoin Ponzi scheme out. invest $1, get $1.20 back. it's amazing. and is totally legit if you  want to participate ...

This topic is now closed to further replies.
  • Posts

    • 2TB Crucial X9 external SSD for just $103 makes it hard to resist on Amazon Prime Day by Sayan Sen This Amazon Prime Day 2025, Crucial is offering its external 4TB X10 Pro SSD for only $230 which makes it a great buy considering the drive can push data at up to 2000 MB/s. And it is not just external SSDs, the company is also offering the P310 (2280) 4TB for a price of $235. However, not everyone may have the budget for it. As such, if you are willing to spend around just $100 for an external drive, then Crucial's X9 2TB SSD is now available for just $103 (purchase link down below). Crucial promises up to 1050 MB/s on the X9 for both the sequential speed metrics. To enable such speeds, the SSD supports USB 3.2 interface and comes with a type-C to type-C USB cable in the box. In terms of durability, the X9 packs IP55 water and dust resistance and the firm claims that the drive's drop-proof durability is up to 7.5 feet or just over 2 meters. The X9 has a lanyard hole. Keep in mind that the X9 comes with QLC (quad-level cell) NAND flash, unlike the X10 Pro linked above (that is TLC), and thus it may not be ideal for constant sustained reads and writes due to QLC's inherent lower endurance. However, it should still be great for occasional bursts for long durations and backups (Speaking of backup, check this 24 TB Seagate CMR HDD deal for just $245). Get the Crucial X9 2TB at the link below: Crucial X9 2TB Portable SSD - CT2000X9SSD902: $102.99 (Sold and Shipped by Amazon US) This Amazon deal is US-specific and not available in other regions unless specified. If you don't like it or want to look at more options, check out the Amazon US deals page here. Get Prime (SNAP), Prime Video, Audible Plus or Kindle / Music Unlimited. Free for 30 days. As an Amazon Associate, we earn from qualifying purchases.
    • Why does Samsung need an alternative to every Android app.
    • Samsung's alternative to Android Auto may be called Auto DeX by Sagar Naresh Bhavsar When it comes to smartphone integration systems in cars, Android Auto and Apple CarPlay are the only two players in the segment. They let you enjoy most of your phone's apps on your car's screen, either through a wired or wireless connection. However, it appears that Samsung may be working on an alternative to Android Auto. A few months ago, an app called "Samsung Auto" was allegedly available in certain markets. It could easily connect to a wide range of vehicles from brands like Audi and BMW, among others, through Baidu CarLife+ or ICCOA CarLink. The catch? It was only compatible with cars sold exclusively in China. Fast forward to now, according to leaker who goes by the name GalaxyTechie on X suggests that Samsung may have an alternative ready for the global market. The leaker discovered a new feature in Samsung software called "Auto DeX," and it is purported to support over 8,500+ car models from over 120 brands. In the attached screenshot, an Android Auto/Apple CarPlay-like UI is visible, with Samsung's One UI take. In the center, there is a section for showing navigation, then on the top-right, there is a Now Brief panel, and just below that, a music player widget. To the far left, there is a horizontal list of apps along with time at the top. On the bottom right, there is Samsung's three-button navigation. Interestingly, GalaxyTechie suggests that anyone will be able to use Auto DeX on their phone—even if their car doesn't support it or they don't have a car at all. For now, things are a bit hazy regarding which app Samsung will present to the world as an alternative to Android Auto. Who knows, Samsung may even give us a glimpse of its Android Auto alternative at the upcoming Unpacked event. Image via GalaxyTechie on X
    • Nope error still listed in Event Viewer
    • Microsoft is working on AI-powered dynamic desktop backgrounds in Windows 11 by Usama Jawad Windows 11 Insider Preview builds are rolled out on a frequent basis, bringing new features and enhancements. While Microsoft publicizes most new capabilities via dedicated blog posts, there are some improvements which are hidden - or dormant - because they are still under development and the company isn't ready to take off the wraps just yet. A recent example of this is the upcoming redesigned battery indicator which is actively being worked on. Now, prolific Windows enthusiast @phantomofearth on X (formerly Twitter) has uncovered a few details about Microsoft's latest, unpublicized Windows efforts. It seems like the firm is yet again working on AI-powered desktop backgrounds. Strings inside recent Windows 11 preview builds refer to Dynamic background and a dialog message noting that "Your background will automatically update based on your selections". Although these references are present in the Insider builds, they have not been developed yet, so it is impossible to enable and test them, at least for now. This also means that it is unclear what factors will influence the dynamic nature of the desktop background. The "selections" indicate that users will have to give at least some sort of input in order to take advantage of this feature. However, it would be really interesting to see Windows using other local indicators present on your PC such as telemetry about your digital routine and preferences to figure out what AI-generated or AI-rotated dynamic background would suit your style. This is not the first time we have seen hints about Microsoft making headway in this area. Back in March 2023, we saw references to Depth effects, Parallax Background, and WallpaperMotion, but those were fairly difficult to enable and test too. You would think that Microsoft would be ready to roll out AI-powered dynamic desktop backgrounds soon to ride this wave of AI, but given that it has been at least two years since the company has been working on this front, it's difficult to predict timelines for general availability.
  • Recent Achievements

    • One Month Later
      Higante88 earned a badge
      One Month Later
    • One Year In
      trlambert1 earned a badge
      One Year In
    • Dedicated
      Gromvar earned a badge
      Dedicated
    • First Post
      Ubersonic earned a badge
      First Post
    • One Month Later
      tnodir earned a badge
      One Month Later
  • Popular Contributors

    1. 1
      +primortal
      396
    2. 2
      ATLien_0
      129
    3. 3
      +FloatingFatMan
      126
    4. 4
      Xenon
      75
    5. 5
      macoman
      73
  • Tell a friend

    Love Neowin? Tell a friend!