big problem

[Sparrow87]

Hello
I am new to all this and I am not so sure how all this works.
I have a big financial problem.My parents are broke, they have mortgages to pay and no income.Many people got rich with these virtual currencies and I would like to help my parents.I am going to put a mortgage on my house in order to get about 50000 euros from a bank.I need to invest that in something that can relatively easy get me enough money to pay for my parents loans and to pay of my mortgage.
Can anyone give me an idea, a tip on where or how to invest that money?I cannot afford to lose this because we are all going to end up on the street.
Thank you for any kind of help.

[Ritual]

Indeed I can give you an idea.

Step 1) Type up a CV
Step 2) Get a job - any job will do
Step 3) Pay your bills

Cheers!

Rit.

[YTREWQ]

Wow. You're in deep shit for sure. There is nothing you can invest in without risking your money. Especially not crypto-currencies. I mean, you could make a hell lot of money on it, but there is a really high risk combined with it. If you want to invest money in this you should really know what you are doing. That's my best advice!

[hilariousandco]

Hello
I am new to all this and I am not so sure how all this works.
I have a big financial problem.My parents are broke, they have mortgages to pay and no income.Many people got rich with these virtual currencies and I would like to help my parents.I am going to put a mortgage on my house in order to get about 50000 euros from a bank.I need to invest that in something that can relatively easy get me enough money to pay for my parents loans and to pay of my mortgage.
Can anyone give me an idea, a tip on where or how to invest that money?I cannot afford to lose this because we are all going to end up on the street.
Thank you for any kind of help.

The first rule is to not invest more than you can afford to lose, so it's not wise to make risky investments.

[somenormalguy]

Wow. What I would suggest is find a job, then invest a small portion of every check into the crypto of your choice. Remember that it's just as easy to lose money as it is to gain.

[bitgeek]

Don't put all your bets on crypto, it may backfire on you. Great investment if you have spare money but not in your current situation.

[lynn_402]

I'm not sure that's a good idea, but if you're going to do it, I'd suggest diversifying as much as possible.
You could keep some bitcoins in a safe wallet, invest in shares for mining companys on https://cryptostocks.com so you'll get regular dividends, trade bitcoins with other cryptocurrencies on https://www.cryptsy.com/users/register?refid=40264. You could also invest in new companys that deal with cryptos and may see explosive growth in 2014, such as Neobee on www.havelockinvestments.com/.

I think that would be your safest bet, it would be quite improbable that none of these work out.

[jzcjca00]

The potential for high profits is always accompanied by high risk.  Period.

If Bitcoin was a sure thing, then everyone would already be investing in it, which would make the current price a lot higher, which make the potential for profit would be a lot lower.

I personally recommend putting between 1% and 10% of your net worth in bitcoins.  1% if you are fairly conservative, and 10% if you are a huge risk taker.  What is your personal appetite for risk?

Also, once you invest, you should plan on holding for the long term.  The two big mistakes that beginners often make is buying in a panic after the prices goes up, and selling in a panic after the price goes down.  Be aware that the price is going to go up and down a lot, and just hold your position through whatever happens.  Don't sell too soon during a rally and miss most of the profits, and don't sell after a dip and miss the recovery.

Also, store the bitcoins somewhere very safe.  Not at an exchange, not in an online wallet.  If you invest more than a few thousand dollars in bitcoins, you should also invest a few hundred in a small computer that you keep disconnected from the internet for storing them, perhaps in Armory.

[abacus]

I think that put a mortage on your house to buy cryptocoins is one of the dumbest move you can do.
The risks are too high, it's simply asking for more troubles.

[Sonny]

Can anyone give me an idea, a tip on where or how to invest that money?
I cannot afford to lose this because we are all going to end up on the street.
Thank you for any kind of help.

Bitcoin is not a "get rich fast" schemes.

I cannot afford to lose this because we are all going to end up on the street.

Forget about your plan completely.
You can put part of your money into bitcoin for long-term investment, but NEVER put all your saving or borrow money to invest in bitcoin.

[CoinLearn]

Hello
I am new to all this and I am not so sure how all this works.
I have a big financial problem.My parents are broke, they have mortgages to pay and no income.Many people got rich with these virtual currencies and I would like to help my parents.I am going to put a mortgage on my house in order to get about 50000 euros from a bank.I need to invest that in something that can relatively easy get me enough money to pay for my parents loans and to pay of my mortgage.
Can anyone give me an idea, a tip on where or how to invest that money?I cannot afford to lose this because we are all going to end up on the street.
Thank you for any kind of help.

As long as u r with the internet, use www.coinlearn.org to earn some Satoshi and hold them till 2015 end. But do not invest whatever u have. Try learning this or that in the Bitcoin world. It has a huge potential. But DO NOT invest something here that u cant afford to lose.