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Spend IM earnings on Bitcoin or backlinks?

Discussion in 'Making Money' started by Bucketbot, Dec 15, 2014.

  1. Bucketbot

    Bucketbot Regular Member

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    So I'm not so sure about buying backlinks anymore & have not had a lot of success with BHW services in the past. I was planning on spending all of my earnings from my IM related activity on backlinks for my website. Now I'm considering just buying Bitcoin & litecoin just for the hell of it. Below is a link to my journey thread:

    http://www.blackhatworld.com/blackh...y-100-authority-site-ads-yt-more-methods.html

    So my IM earnings are pretty paltry to begin with. Not a whole lot of cash can be funneled in to backlinks with the high price of most services. It's also a shot in the dark when ordering as I have no clue as to what will truly benefit my site and increase my ROI in the end. Overall I feel like snatching up some cryptocurrency would be easier and would hold more promise than shooting in the dark with SEO services.

    Probably gonna do a mix of both but would like to have a discussion with BHW on what you all would do in my position.
     
  2. royserpa

    royserpa Jr. VIP Jr. VIP Premium Member

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    Buy bitcoins, then buy backlinks with the bitcoins ;)
     
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  3. Jeremy96x

    Jeremy96x Junior Member

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    Why buy crytocurrencies? Just to leave it there waiting for a rise on the prices?2
     
  4. Bucketbot

    Bucketbot Regular Member

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    That too is also worth considering.

    Long term holding of 5+ years with full understanding that it may be usurped or fail miserably. At least hold until the block reward halving in 2016. Would be a nice suplement to my retirement if digital currency gains traction in the years to come.
     
  5. Jeremy96x

    Jeremy96x Junior Member

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    You could invest in other things that are not SEO services and you could see results in less time.
     
    Last edited: Dec 15, 2014
  6. Bucketbot

    Bucketbot Regular Member

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    Something like lending club? Or what else do you have in mind? I'd be fine with anything that can beat out inflation over a 2-5 year period.
     
  7. lord1027

    lord1027 Elite Member

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    If you don't want to invest in businesses/ stock markets, then just buy Gold. I can't remember anyone losing money with gold.
     
  8. SocialMediaManager

    SocialMediaManager Elite Member

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    Bitcoin is good investment in current Price If you can hold them for 5+ years then surely buy them
     
  9. SeoElf

    SeoElf BANNED BANNED

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    Bitcoin then satoshi casino! go big lol.
     
  10. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

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    Save IM money, Build your backup and than start spending money on back-links.
     
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  11. Bucketbot

    Bucketbot Regular Member

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    It's gonna be slow at first but this may be what will work out best for my website.

    As for precious metals, I was considering buying a couple years back when gold was around 1400 and silver at 40. Glad I didn't because it looks like those were bubble prices. Might be a good time to reconsider seeing as how they're both trading at much lower prices at the moment.
     
  12. sajeneika

    sajeneika Junior Member

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    Do you believe in bitcoins going up? They are in 300-400 price range for pretty long time, and almost all big websites already accepts btc... Backlink packs wont get you rankings, they are good only for anchor text diversity. Best way to get rankings is to build private blog network. I've got pretty good results with pbndozer . com
     
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  13. Bucketbot

    Bucketbot Regular Member

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    Can also save up a little and pay the $97 to become a JR. VIP. Can anyone chime in on if that is worth the cash or not?
     
  14. Kikerinka

    Kikerinka Senior Member

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    Don't be stupid, investing into the castle of sand... First of all, I checked your journey thread... For authority sites, these big packages of PBN links are just not a good choice... it's more suitable for churn&burn sites. So, avoid it!!! You worked on your site too long to lose it due to one stupid investment into links.

    And bitcoin, well, I would not recommend that one too. I mean, why don't you invest in something real, if you have spare money? Why to invest in something virtual?
     
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  15. mootonandy

    mootonandy Supreme Member

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    I saw a Tim Sykes penny stock trading coaching thing, I might try that. I think he teaches how to sniff out pump and dump and then short it.
     
  16. Bucketbot

    Bucketbot Regular Member

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    Yeah I have bought PBN links in the past & they didn't produce long lasting rank increases. The reason I'm willing to invest in BTC is because I've been involved with it since early 2011. Was around for the first $30 bubble on Mtgox and subsequent crash. It has turned into something that I could have never imagined at that time. If only I could still by $8 and $10 dollar bitcoin like I did in 2011.


    Not so sure about penny stocks. Sounds far too risky. Would rather purchase index funds with low fees & forget about trying to play the stock market.