I want to invest 1000 USD into crypto

[salihno71]

It depends on what you want out of those 1k$. Long term it's probably best, to buy BTC and wait. Short term, you will probably have better income by trading if you have any experience with it. Or lending it. Of course each possibility has its own possible bad outcomes.

[btc-facebook]

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.

If you have great knowledge for mining , it's worth for you to try it since AFAIK, mining bitcoin are better than invest
But if you're looking easy way to invest, just buy and hold and wait for next 4 year, you're a millionaire in the future

[karmamiu]

             It should be more wiser to seek first some guidance and learning references, like what you did here, ask some opinions and further advises for you to understand. For me and in my own point of view, you can buy directly bitcoin or any other crypto or alternate coins that are promising for me, and then if you are not in a hurry just keep it inside your wallet maybe someday it could be worth double or more than you have invested, but if you are much likely like a day trader you can search guides on how to make some TA for your own entry and exit points.

[budiartha]

I think if you want the mining cloud you must calculate the costs incurred and the results will be accepted if profitable so do it, in addition you can invest in some altcoin that has the popularity and development of a good long term like bitcoin, until now has reached $ 4000 and I'm sure the next few years bitcoin prices will be increase. 

[Lieldoryn]

If you have experience in trading crypto currencies you earn on the stock exchange more and faster. If you have no such experience, you'd better to buy equipment for mining coins. Only with such a budget it will be very difficult to earn enough coins to regard it as income. Carefully count and make allowances for unforeseen expenses. Only then make a decision.

[sandrun]

maybe for the crypto mining capital is still lacking. because the cost is expensive and the electricity that you have to pay each month goes up. you should buy a coin directly for you invest. sara recommends bitcoin as your long-term investment. you will get a lot of benefits from storing bitcoins. probably not today but in the future your money will be doubled. if you want additional income. you can use your bitcoin for trading .. buy at a cheap and sell it when expensive. I think it's an easy way to make a profit

[neurotypical]

I think if you want the mining cloud you must calculate the costs incurred and the results will be accepted if profitable so do it, in addition you can invest in some altcoin that has the popularity and development of a good long term like bitcoin, until now has reached $ 4000 and I'm sure the next few years bitcoin prices will be increase. 

I don't think you are going to do much with a 1000 USD investment when it comes to mining, at least any of the bigger coins. The way to benefit from mining with a modest hashrate is to mine a coin that's under the radar and ends up blowing up, but honestly at some point you become lazy to keep mining every altcoin under the sun hoping that you luck out by holding the right one at the right time.

You are probably better off going 60% BTC, 40% altcoin speculation hoping to catch a nice pump and make some extra BTC for the long term. Remember that BTC is the only safe bet to get rich long term.

[Nathland]

I think you should invest half of your amount in Bitcoin and other half in ethereum. You can expect a profit in near future without any doubt since both coins are very progressive.

[TrueCryptonaire]

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.

If you want to start mining, then you should order some Miners and start mining, but for a noob I would advise first study about what you are going to start and then put your money in it as you can easily loose that money. And if you want to buy crypto then from a general prospective just buy and hold bitcoins only for now, or maybe start trading with those after gaining more experience.

[Eugenar]

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.

That is surely a huge amount of money. You may want to invest that to Bitcoin since its value is continuously rising. Also its market demand and market value are way high compared to other coins. If you'll invest that amount of money to Bitcoin, assured and big profit will be on its way for you. And investing to Bitcoin will be a good idea especially if you want to earn huge profit from your investments.

[Carlsen]

Take the opportunity you have right now.
At the moment the market is shaken.
If you really want to invest into crypto currencies, I can not think of a much better opportunity to buy coins than you have right now.
Maybe you can even consider to buy some altcoins and retrade them later against bitcoin once they have recovered.

[Gaaara]

Don't invest it in only 1 coin, for you to have a less risk investing in different coins is the safest choice. Its not that I hate bitcoin or something but as of now the value is static so I do not recommend it but for long term then its profitable then, I would recommend only ETH since it's getting some interest over investors.

[Beerwizzard]

With only 1k in your pocket the best way to invest on bitcoin is just buying it. Do not even think about cloud mining.
Also to make such investment safer do not even try to speculate in bitcoin on exchanges, buy tokens or altcoins. Just buy bitcoin (not any other crypto) and forget about it for the next year (or even more). Do not even read any cryptonews, that will save your nerves and prevent panic selling.

[hasmukh_rawal]

Good question. Given the amount of money you have to invest I would suggest instead to purchase the cryptocurrencies that you think have LT potential (BTC, ETH, OMG, etc.) and sprinkle small amounts into smaller speculative plays to get larger potential payouts short term (IOC, XZC, etc.) just as a few examples not recommendations.Right now Bitcoin and other cryptos are going up as much as 200% per week. You want to own the coins and get them as quickly as possible.You should forget about mining all together and just use that $1000 to buy Bitcoin and other cryptos instead. You waste a lot of money buying equipment or waiting for coins when mining. 


Since your funds are low to invest in a lower value currency like Ethereum, I would also like to recommend that You should practice Investing with that currency or other currencies with lowest cost before you tackle on to bitcoin. Today due to the volatile behaviour of Bitcoin you can easily gain good returns comparing to other products just by holding it for few days. You aren’t going to do much trading with .24 btc.

[Quidat]

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.

If you do mean about bitcoin mining then that amount of yours wont really be sufficient enough knowing that price of asic miners are expensive but somehow it would be possible on mining some altcoin which you can possibly able to buy some gpu rigs.If you arent knowledgeable on mining field then better to purchase that amount on some potential alts than hassling yourself.

[Mometaskers]

If you're in China you might attempt to mine but otherwise, just buy the coin and hold. If you're not comfortable sitting on your bitcoins, just take a part of it and trade that. There at least you might be able to add a few more µBTC per trade.

[NavySeals]

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.

Never spend Money on cloud mining lies, they're totally scammers. They never do mining. If you wanna start mining, you need bigger capital. Instead, directly buy coins from exchanger web sites. This is more guaranteed for you if you're long run player.

[Rahar02]

The best way to invest in cryptocurrency is divide your funds like 70:30 to buy bitcoin and ethereum right now. Current price of these coins still on the dips and will be rise again in this month, if you can wait at least few weeks, you can make another $1000.
I won't recommend to build your own mining rig as you will need more than $5000 to start and there's no guarantee you can make profits. And do not invest on cloud mining due to they offer long time taround 4-8 months to get ROI.

[Tyrantt]

Mining and investing into some cloudmining services, no... Investing some larger sum of money in bitcoin, maybe. But if I were to invest into bitcoin I'd be doing it maybe 50% now since the price has corrected a little and the next 50% in november (btw you'd probably earn something untill the end of october with the price rising). Also, investing in ETH is not a bad idea at all and I'm thinking of taking a loan from the bank to invest in ETH.

[webtricks]

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.

Among the three options you mentioned, I believe buying cryptocurrencies is most feasible one.
The 99.99% of cloud mining sites are scam and rest 0.01% are nothing more than long-term investment platform while $1000 is too low for mining and it may not be remunerative.
Now coming to best coins. While don't invest on others recommendation, do your own study and choose the ones you think best. But keep in mind, don't go for small cap coins