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.