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Author Topic: I want to invest 1000 USD into crypto  (Read 2746 times)
binhvo1505
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February 20, 2018, 01:47:43 PM
 #181

Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
I think you should invest in bitcoin at a time when its price has dropped sharply. Investing in bitcoin is a safe choice for you. Because bitcoin is a king of the crypto market and it will never collapse. So please be patient and wait for the price of it to buy. Hope you will achieve much success in your investment.

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befriendmywater
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February 20, 2018, 01:56:11 PM
 #182

Yes, your idea is really good. Trusting in the crypto market at the moment will make you rich. 2018 is really a year of development of the crypto market and you should take this opportunity to invest in the altcoins. I think you should invest in ETH or NEO. There are 2 altcoins that I feel have the most potential.

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February 20, 2018, 02:04:39 PM
 #183

Yes, your idea is really good. Trusting in the crypto market at the moment will make you rich. 2018 is really a year of development of the crypto market and you should take this opportunity to invest in the altcoins. I think you should invest in ETH or NEO. There are 2 altcoins that I feel have the most potential.
just because you feel that will have potential means OP should trust you?when i am sure you have not even a $100 on your wallet,lol. Dont let the OP to put investment in that coins with no assurance but FEELING.$1000 is not small amount so he must be aware on when to put the amount

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February 20, 2018, 03:36:53 PM
 #184

Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.

What I know in my small knowledge is Mining is not profitable for all.If your country's electricity bill is high then you should not mine.Because you will lose your all capital fast.So If this happen, I will suggest you to buy some alt crypto with $1000.We can see many promising and bright crypto like ETH,LTC, ripple and others.Buy at low price and sell when the price goes up.Though it's risky but if you give proper time and hard work you can make big profit from it.

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February 20, 2018, 04:23:23 PM
 #185

You might want to consider in investment and trading cryptocurrencies, then this might help you a lot to choose what coin to hold.

https://www.converge.today/stories/top-5-cryptocurrencies-in-2018

That is the top 5 coin that has the best potential this year, 2018.
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February 20, 2018, 04:55:28 PM
 #186

Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.

Mining is not very profitable for the small-scale and medium-scale players. I would advice you to purchase Bitcoins rather than investing your money in mining rigs and other equipment. It will be even better if you could divert 20% or 30% of that amount in to alts such as Ethereum or Bitcoin Cash.


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stantpro
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February 21, 2018, 06:47:37 AM
 #187

Investing in bitcoin and other researched alt-coins appear relatively better
option as compared with mining or trading.Mining is not cost effective due to hardware
purchases and recurrent electric bills.Trading needs skills and experience.Therefore, the
best option is to buy some crypto currencies, store them away for some time.Then sell when price
appreciates considerably.Thanks.

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