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Author Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE  (Read 4257 times)
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November 15, 2017, 01:17:20 PM
 #21

The important matter should be your life and taking that high risk for a 50/50 decision is not suicidal but stupidity. In due time researching a poison in Internet is much easier than mining a cryptocurrency because it is. Most have tried and lot of them succeed not alone but corporate. This is the best and wisest thing to do make a group who have the same aggressive towards mining that you do. In that way you can sleep at night after a failure and if you succeed you know how to do it on your own now.
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November 15, 2017, 01:23:24 PM
 #22

Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley
My advice to you is do not invest all your savings just get some portion of your savings for investment and continue keeping your savings safe in where you keep.

Any method of investing online is very risky almost 70% are scam and 30% are legit or simple much high percentage of loosing your capital than gaining specially here in crypto currency world they used bitcoin and other coin to achieved their target amount to scam.

Also some of the method is based on the luck of users like gambling, mining and etc. Some of miners are not lucky to get income because of luck of knowledge in that field. That is why if you can keep your money safe just do it.
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November 15, 2017, 02:55:50 PM
 #23

Investing is not for you. But just buy a coin with 30% of your total money ( privacy coin, ltc, btc when if corrects)and wait 3yr. Not sexy but atleast u wont go broke. And u will make some money maybe even rich if u pick the right coin.

Good luck
Absolutely right decision. I think also buying and holding coin is more profitable who has not enough experience on mining and trading. I believe that, holding is one kind of investment. But choosing coin is more important and it is good decision that not to invest all your capital in one place.














 

 

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November 16, 2017, 04:12:40 AM
 #24

Investing is not for you. But just buy a coin with 30% of your total money ( privacy coin, ltc, btc when if corrects)and wait 3yr. Not sexy but atleast u wont go broke. And u will make some money maybe even rich if u pick the right coin.

Good luck
Absolutely right decision. I think also buying and holding coin is more profitable who has not enough experience on mining and trading. I believe that, holding is one kind of investment. But choosing coin is more important and it is good decision that not to invest all your capital in one place.

Choosing to invest at those top coin is much better but if he knows how to trade with some current blasted alts then he might gonna earn huge with that. But he shouldn't invest his life savings for just particular things since he might gonna lose all his money if he put it on unclear invesment things. And he should remember that theirs no easy way upon investing on online matters and he should think twice or better more so that he wouldn't be broke if things will not work on his side.

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November 16, 2017, 05:35:30 AM
 #25

If you have the guts then simply store your life savings to a cold bitcoin wallet. You could go back to that then after years. I guess that is the safest way to invedt your money rather than entering into a more risky type of scheme in this industry which is obviously almost all of it(if it is not a scam site on the other hand it is paying too low)


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November 16, 2017, 08:22:17 AM
 #26

Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley

I suggest you to mine monero which has great potential in the future and it also give good earnings,investing on ethereum and bitcoin mining is not profitable because these mining difficulty level is very hard than mining monero coin.The best hardware to mine monero is AMD gpu maybe you can setup a rig for around $ 2000.It will give monthly profit around $300 maybe you can earn more if your country has cheap electricity.

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November 17, 2017, 04:36:39 AM
 #27

I would invest in networking now and then in something you'll find from networking... I'm going for this purpose to the BlockShow conference at the end of November in Singapore.
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November 17, 2017, 06:16:19 AM
 #28

In my opinion, Crypto investment is sort of too volatile for that kind of money. I would suggest you to diversify, 40% property, 50% Gold, 10% crypto. once you do well with crypto then later you can readjust accordingly. Never put all eggs in 1 basket. Buy low sell high. Don't go panicking with fear and greed attitude. stay cool. I am newbie too but I have made quite good progress/profits.
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November 17, 2017, 07:36:09 AM
 #29

I think it would be more profitable for you to buy directly bitcoin or other solid coin like STRATIS which has a great growth potential. Mining is profitable as well but it takes more work,maintenance and costs.

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November 17, 2017, 08:13:49 AM
 #30

Seriously, put life saving to mine bitcoin... Huh Are you sure? You don't know what you're doing do you?
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November 17, 2017, 10:12:02 AM
 #31

Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley

By now i think you got that needed advice you wanted that don't spend all of your savings . But seriously man you are planning to do mining and you did'nt even study about its technicalities and the required hardware. Still if you want to know about the good hardware you could have a idea by reading it here https://www.buybitcoinworldwide.com/mining/hardware/
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November 17, 2017, 03:50:14 PM
 #32

Friendly advise.
Never go full retard.
which means- never invest everything you have.

This....


I found this hilarious when your signature says 'go big or go home'.

But yea man, in my opinion, mining has never let me down, but you have to BE SMART about it. Don't get crazy at first, grow over time, buy and sell coins too with the coins you mine, make more. Be Smart.
Go big or go home! As hilarious as it may sounds, there is just a lot right about it and at the same time, you still have to be smart not to go all in, which is totally different from going big anyway. One thing with mining is that one should never expect too much from the start and as time goes on, you keep growing.

It is an investment that pays once you know how to go about it and you have done all your necessary research which obviously the OP has not done yet. Everything about investment involves being smart as that is the only way you can earn big.


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November 17, 2017, 03:54:17 PM
 #33

Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley

A piece of advise men, dont put all your eggs in one basket. you can try to invest in different coins. learn Trading. Smiley

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November 17, 2017, 04:03:46 PM
 #34

Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley

My friendly advise, stay away from mining specially bitcoin because its no longer profitable in the long run. Why not just invest your money into something? Or better just buy bitcoin and ethereum hold it for longer term. And its better just to buy it because the profit will be there specially holding it like 2-3 years.

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sparveenat
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November 17, 2017, 04:11:41 PM
 #35

If I am in your place I will not take risk. There is simple way to get best returns. The best way is buy bitcoin for the 50% of money which I have and rest I will keep it for backup if anything goes wrong or a big dip come it will be help to accumulate more as bitcoin has a very big potential to grow.

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November 17, 2017, 09:38:09 PM
 #36

Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley

You are aware that ETH is changing to proof of stake soon. Right? So you would be wasting your money by buying hardware to mine ether. As for mining bitcoin, I would say go for it if you live in a cheap electricity country. If not, then its not... Unless you will have a mining farm.
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November 18, 2017, 05:24:23 AM
 #37

Instead of going all in for mining, consider buying and holding some coins for long term. What you needed is diversification of funds.

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November 19, 2017, 07:36:16 AM
 #38

Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley
Going all in would be the first mistake any investor would make and you should have at least some little amount down as an extra savings in case the unspeakable happens. Sure, mining is something you can really go into which can help you earn something good, but you have to consider the cost of electricity in your country as well to know if it is going to be feasible or not.

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batang_bitcoin
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November 19, 2017, 03:50:28 PM
 #39

That's a risky one if you'll invest your life long savings for mining rig. First if I were you, you don't have to do that with mining. Hashrates are changing from time to time and you can't guarantee that after you buy those mining rigs that suits for ETH mining will be reliable. Since it is your savings, you can just go with buying and holding this is no worries at all. You don't have to put all in if you don't know much.

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November 19, 2017, 06:39:32 PM
 #40

Investing is not for you. But just buy a coin with 30% of your total money ( privacy coin, ltc, btc when if corrects)and wait 3yr. Not sexy but atleast u wont go broke. And u will make some money maybe even rich if u pick the right coin.

Good luck
Absolutely right decision. I think also buying and holding coin is more profitable who has not enough experience on mining and trading. I believe that, holding is one kind of investment. But choosing coin is more important and it is good decision that not to invest all your capital in one place.

buying coins and hodling them still counts as investment indeed, but this isn't bad idea at all, it is quite risky to invest everything that he has as coins market is very unstable... He would get huge profit in few years even if he invests only 10% of his savings.
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