Title: Where to invest £500 monthly? Post by: ezzbeez on December 23, 2013, 05:54:36 PM Hello everyone,
I've been a lurker on BTC talk for a while. I've decided to become more involved with the community and hope to gain some good chums too! I'm looking for some input on my following scenario;
Whats your thoughts? I can guess these types of questions get asked a lot and opinions vary greatly. Is it more sensible to invest like 50% BTC, 30% LTC and 20% alt coins? Thanks Title: Re: Where to invest £500 monthly? Post by: mistress_magpie on December 23, 2013, 05:56:51 PM Beyond btc and ltc, other altcoins are far too volatile so I would avoid investing in them.
You could also consider investing in a website that sells goods or services for bitcoins - profiting through this business and expanding the btc economy. But this is the topic I am constantly harping on about :) Title: Re: Where to invest £500 monthly? Post by: silicone on December 24, 2013, 07:10:15 AM invest in the hordes of bitcoin casinos, of course!
Title: Re: Where to invest £500 monthly? Post by: infinitybo on December 24, 2013, 07:25:45 AM Hey mate, my first thought is you are welcome on this board then choose a good partnership.
Title: Re: Where to invest £500 monthly? Post by: totemITnow on December 24, 2013, 07:36:35 AM I believe only Bitcoin is viable in long term, and if Bitcoin doesnt succeed, no altcoin does
Title: Re: Where to invest £500 monthly? Post by: aragalie on December 24, 2013, 08:17:22 AM Whats your thoughts? I can guess these types of questions get asked a lot and opinions vary greatly. Is it more sensible to invest like 50% BTC, 30% LTC and 20% alt coins? Thanks Here's a suggestion: loan out your money on an exchange (e.g Bitfinex) to people who are trading/speculating with them through margin trading. Your risk is much smaller than simply trading them (where you actually have to know what you're doing, and even then luck and slippage play a huge role in your success or failure), and you can make quite some money from it. To prove that, i've made a small excel calculation for you for 1 year, adding 500 pounds to the account every month and lending out all your account balance and the interest at an average 0.5% interest per day (quite common on Bitfinex). 1st month 581 2nd month 1,255 3rd month 2,038 4th month 2,948 5th Month 4,005 6th month 5,232 7th month 6,657 8th month 8,312 9th month 10,234 10th month 12,467 11th month 15,059 12th month 18,147 In other words, you keep your money in the account for 1 year and you make 202% interest on a acummulated 6k capital (the 500 you put in the account each month). Now, i don't know about you, but for me that sounds like a good proposition :) Of course there's the usual risk of not getting your money back from the loaner (this is managed by the platform through the margin call mechanism) and also the platform itself going bankrupt; but i guess you can't expect more certainty for the benefit of tripling your money in 1 year. Title: Re: Where to invest £500 monthly? Post by: infinitybo on December 24, 2013, 12:23:56 PM @aragalie you are good but not enough because 0.5% is too low ! anyways Ezzbeez can make much more pounds.
Title: Re: Where to invest £500 monthly? Post by: bakedrice on December 24, 2013, 01:29:14 PM Start growing your own farm in your home garden; produce your own food!
If you believe that Bitcoin will change the world, and bring down the centralized banking system & economy; then you should believe that food prices will also be skyrocketing soon. So why not learn the basics of farming, could be essential in a few years time =) http://www.youtube.com/watch?v=fMY3mM9CteA (http://www.youtube.com/watch?v=fMY3mM9CteA) Title: Re: Where to invest £500 monthly? Post by: mistress_magpie on December 26, 2013, 05:58:53 PM Local food production is better for the planet anyway :) x
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