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Question: should i invest in mining or coins?
mine - 7 (41.2%)
buy - 10 (58.8%)
Total Voters: 17

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Author Topic: I HAVE 50.000 dollars to invest, help please!  (Read 1172 times)
Amereum
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October 27, 2017, 10:26:16 PM
 #21

Buy Bitcoin and go to bed..
supersaltybaked
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October 28, 2017, 12:13:39 AM
 #22

Go to casino, put it on black. 

Alternatively, buy bitcoin, eth, or litecoin and forget about it for 6 months to a year.
wheelz1200
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October 28, 2017, 12:19:15 AM
 #23

Understanding the nuances of mining takes a bit to learn even if you are having them hosted.  Start with a small amount, get the hang of the echo system then decide if it's for you.  I wouldn't go in that deep without knowing..

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lunobird
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October 28, 2017, 12:31:43 AM
 #24

I put 10 percent of my profits and holdings into mining for hobby reasons. I pay 15 cents for electricity so I can't expect much. 90 percent into buying coins. I'm glad I kept this ratio. Way further ahead financially
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October 28, 2017, 12:36:13 AM
 #25

I put 10 percent of my profits and holdings into mining for hobby reasons. I pay 15 cents for electricity so I can't expect much. 90 percent into buying coins. I'm glad I kept this ratio. Way further ahead financially

This is a good approach.

Another is to make sure if you are buying hardware;  to consider an exit strategy for selling the hardware; if it will even have a viable resell market.

Link to my batch and script resources here.  

DO NOT TRUST YOBIT  -JK

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car1999
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October 28, 2017, 12:55:15 AM
 #26

50k$ means about 20 rigs, it isn't a trivial work to manage so many rigs.
Bombardier
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October 28, 2017, 12:57:09 AM
 #27

or approx. 25 S9s
Voltar
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October 28, 2017, 02:59:06 AM
 #28

I'll tell you how I do it.  I started with a lot less than you are starting with now and all I do now is coin related.   I guess I did put a lot of time and effort into it though.  And I still work more than most people when I'm working.   If you want to make serious money you will have to be willing to risk some. 

But I completely disagree with the statement that you would lose money when selling your asics.   Do you see how much they are going for these days?   

Not sure I want to share all my secrets with the world but I would say diversification is the key.
Chan8
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October 28, 2017, 05:09:52 AM
 #29

Diversify, thats all you need to do.. do some research, see what coins you believe in and pick some up on the dip. Find a good entry point.
Buy a few asic miners or gpus and build a few rigs.. you dont necessarily need to do only one or the other, also you dont need to dump all your eggs into 1 basket. You have a nice budget there, so beautiful thing is you have options.
And as you start seeing gains in profits, rinse and repeat.
Goodluck.
davemanet
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October 28, 2017, 07:47:33 AM
 #30

way too late to do ETH.  long learning curve for that many systems and low roi
dragonmike
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October 28, 2017, 06:10:49 PM
 #31

6 months ago I would have said "build yourself a GPU farm!"... But now it isn't worth it anymore. The time it'll take to get your money back is beyond reasonable... If it happens at all. Buy some selected coins that you believe in and go enjoy the rest of your money! Cheesy

Long ROI?... what has ZenCash done in the last 2 weeks? People have turned huge money on that
What has zcash done in the last two weeks?
What has lbry done in the last two weeks?
What has monero done in the last two weeks?

You can't just pick a coin and say you'd have made so much money.
Life doesn't work like that.
CryptoRama
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October 28, 2017, 06:19:11 PM
 #32

Go on trade exchange sites, like poloniex, bittrex, and then invest in some currencyes, like: bitcoin, ethereum, monero, digibyte, or anyother currency that you suspect it will grow some day, I recommend that you inform yourself about cryptocurrencyes you're investing in. it's a practice in trading, that when some currency that you own, increases very much, you trade for bitcoin about 10-35% of assets of that coin. So you accumulate bitcoin.

And if you are going to buy for that many bitcoin, I recommend you to wait for a price to be a little lower, you should wait for next bubble to pop and drop.

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als17
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October 29, 2017, 06:26:01 AM
 #33

I think it depend also in your skill to buy and sell cryptos on the exchanges !!!
I mean to rise more money but it's always risky.

For the mining it depend on how much hashing power you can reach and the coins you are mining.

Good luck.
Sev18
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October 29, 2017, 07:17:11 AM
 #34

If you are going to invest for about 1 year, buy.
For more than 2 years, mine.

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als17
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October 29, 2017, 09:29:19 AM
 #35

If you are going to invest for about 1 year, buy.
For more than 2 years, mine.

Can you explain your point of view ?
NeoTech42
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October 29, 2017, 09:33:24 AM
 #36

The ROI on mining is not so good, i would advise to directly buy coins, it won't be a pain to do all the configuration on mining coins.

Munz77
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October 29, 2017, 09:43:57 AM
 #37

40% on Bitcoin and lock away on a trezor for 2 years
30% on GPU farm - you can resell GPU's after 8 months and upgrade using funds and some coin you have mined
30% on various coins in top 10 coinmarketcap to trade
ROFLED
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October 29, 2017, 12:18:32 PM
 #38

40% on Bitcoin and lock away on a trezor for 2 years
30% on GPU farm - you can resell GPU's after 8 months and upgrade using funds and some coin you have mined
30% on various coins in top 10 coinmarketcap to trade
+1, best option. I myself adhere to this
BTCMILLIONAIRE
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October 29, 2017, 02:03:40 PM
 #39

40% on Bitcoin and lock away on a trezor for 2 years
30% on GPU farm - you can resell GPU's after 8 months and upgrade using funds and some coin you have mined
30% on various coins in top 10 coinmarketcap to trade
Mining farm really not worth it with such a small investment.

I'd go 40-60 into Bitcoin-Altcoin instead. If Altcoin investments fail, the Bitcoin investment would still end up making a decent profit overall by 2019/2020. And if Altcoins go well, he could be very close to or beyond a million.
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