LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE

[SixOfFive]

I don't think anybody in this forum will advice you put all your lifetime saving on the stake to something which is decentralized and not even legally approved. Still if you want to try your luck and can bear so much risk, i suggest you go for trading.
Mining need some technical skills and have 1 time investment on stake where as trading is comparatively a safe option you can enter with a small amount too and can exit any time you want.

[ija61]

I can't give you advice on what to invest and if you are looking to invest your life saving I will suggest to start reading and get a better understanding on crypto world. Is not wise to take your saving and ask someone what to do with them....

Another advice will be to not put all your money in one investment, especially on trading. This is called money management and you must find a comfortable ration.

But as mentioned before you do anything start to read un get a better understanding about this.

[Invest-or]

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

I really hope you are either not serious or you are very very young. Mining is rarely profitable... sometimes you may have a good day (Thank you electroneum for that first night) but normally not.

[carlisle1]

I strongly advise not to go "all in"

if you can comfortably afforded one miner for one coin, and have some left over as long as you have cheep power and reliable internet, then maybe consider it.

other than that I could not offer better advice than buy some btc and sit on it! no running costs and if you can sit out the roller coaster of a price ride, it will eventually pay off.

maybe OP has big capital having hes Life savings so we can consider
 that he can afford having couple of miner,but for me dont just go full in miner
 maybe OP can make some investments and i prefer he could learn trading even
 starting small capital i to it.

But always remember JUST INVEST WHAT YOU CAN AFFORD TO LOSE

[yojodojo21]

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

Maybe this post should be moved to mining hardware discussion thread if OP is looking for best mining hardwares, there you can ask elite and professional persona but always discern who is reliable.

You really do prefer to mine? I suggest you make it all in of your life savings converting it to btc and then do HODL this is the best way to invest as of now.

[Thanasis]

I think it is not a good idea to to start bitcoin mining because the mining difficult rate keeps increasing so in future you may get very very less award so it is better to buy some altcoins with your savings and hold it for some years then it will surely give good profits.
You also has another option like trading but it needs trading skills to get successful or you may lose your investments,so I suggest you to buy bitcoins for all the savings money and try to do trading with small amount of your holdings,if the trading is going okay for your just continue with it.

[serjent05]

I think it is not a good idea to to start bitcoin mining because the mining difficult rate keeps increasing so in future you may get very very less award so it is better to buy some altcoins with your savings and hold it for some years then it will surely give good profits.
You also has another option like trading but it needs trading skills to get successful or you may lose your investments,so I suggest you to buy bitcoins for all the savings money and try to do trading with small amount of your holdings,if the trading is going okay for your just continue with it.

Rather than mining, I think it is best to buy Bitcoin since once we have Bitcoin and the price started to uptrend just what happened in the recent days, we can easily see the profit. Unlike in mining, we have to buy equipments and wait for it to ROI and  after getting the ROI that is when we can count our profit.  It will takes longer in mining than buying BTC or ETH.  Anyway, either of the two can do depends on how you see the market.

[koinov]

I would stay away from mining because it has become real-real hard nowadays, consider investing funds to bitcoin or top altcoins, there are lots of promising projects at the market right now.

And don't forget to save a bit once you get an income, you always need something left to live on.

[zergenyt09]

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

I think you should take your time and think about what you are going to do. It is clear that you are new to mining and don't have enough experience.

At least don't invest all your money, you can start with a small amount and if every thing goes well you can invest more.
I hope we will hear good news about your mining experience in the near future.

This is really a good advice. The truth is no one can make the decision for OP and absolutely what everyone would tell the OP here is not to act insane and be realistic as you have to also consider the risks. However, everything about life is risky and as long as OP understands that and he is ready to face the consequences, then it is his call.

I remember the way people blasted Taihuttu when he sold all his stuffs and started trading when the value was around $5000, but now, I believe he should be smiling and must have gotten back all he put in both from trading as well as the increase in value. That is just life anyway!

[prtty2gal2]

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

The price of BTC today is an absurd thing. Not only in China, we can do a quantitative analysis of data for many countries and what a monthly gain of workers for a year, certainly tens if not thousands of those countries that have been surveyed will point the annual gain lower than the value of the BTC today .

If a person is aware of the functionality to do business with the currency, it can make a lot of money and break this wage paradox.

[BaraxLo]

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

Look spend everything you have on something you have not yet mastered 100% and a very dangerous thing, this is usually done by desperate people. But if you want to take this risk I would point you to the new s9, if you find it for good value you can make lots of money with it.

Unlike the S8 it consumes much less energy and the gains are much better than its previous models. Today she must be going from about 1000 dollars to about 3000 thousand dollars, try to buy her within that margin so she does not lose.

[coinplus]

Just invest it in crypto, but generally stick to those that are real like bitcoins, ethereum and the like. Don't go spending it on scammy ones that come and go. Stop looking at those fly by night ICOs. Do your due diligence before you even send your life's savings and you lose on that investment. Right now it's pretty hard to determine which investments are pretty good from those shitty ones so just be extremely careful.

There are so many alts that are undervalued right now and only if people can do some research to find them. Waves is one of them and in a short while I won’t be surprised if it ends up having the same boost Ethereum had this year in coming years. Not just waves, there are so many alts and even upcoming ICOs and it is all about being smart.

Like someone rightly tells me, you do not have to work hard; you just have to work smart. I would not consider investing life savings into being smart though as you also have to consider all the risks involved.

I would have to agree its not just those huge altcoins that has the potential, you gotta have the time to research each of them. If you can pick the ones with better project and team, you can exponentially profit than you thought. If I have the money, I probably would buy the cheapest ones but have the best technology. Some of them might just be ADA which I already have some, IOTA and EIDOO a good wallet with their exchange.

IOTA has really been a coin I have always looked forward to it getting huge in the future and so far it has really blown far beyond what I have been expecting and it is still growing. That is one way to invest into a coin with prospect and hope for the best.

Not all coin will survive but there are just some coins that you should not just miss investing in them for the long run. I am having a really good time with IOTA now, after taking the opportunity to buy so much at the dip.

[JTASSOCIATES]

You yourself told that it is your life saving and you want to invest. As you are a Newbie still need some time in this forum to understand what is cryptocurreny and its importance and what is the role of Bitcoin in this world and what are the benefits you will get. After that my suggestion is invest in Bitcoin 50% only and hold for few months and understand the benefits practically and if any correction took place in bitcoin you buy more with the rest of saved amount so that you should be 100% secure your investment.

If you see the track record of bitcoin performance the rate is proven that all time favourate investment for best returns is bitcoin it is practically proven and thus the bitcoin rate is booming day by day.

[upsidedown75]

I think to devide the investment is the best advice anyone can give, I’m a bitcoin users and altcoin believers at the same time. We know how hard to earn bitcoin and the price is so highly to buy some but altcoin is much cheaper and much easier to earn if giving some effort to do so. Take this advice as a reminder that open your mind in every option that is available and don’t look for one but all profitable coins.

Diversifying is really good and with that at least, you can get some good amount in value later on if you are at least saving for the long run. All the above, I won’t suggest going all in as the OP wants to do. That is a whole lot of risk to swallow at once. We may be optimistic now with the crypto world booming, but anything can happen and unless OP understands that risk and is willing to go ahead all the same, then that would be his own call.

[fempat]

One more thing, consider everything you read here as recommendations, not advice you have to follow. Remember, you'll bear the full responsibility.
Waves and Ethereum are two coin I think have grer potential in 2018.

[Fbo62]

don't go all in.  It may make you some profit at first, but the market may have a major fall and you'll be left with pennies.

[Nylelyn]

I do understand your eagerness to throw everything you have into investing believing that you will get a big profit in return.  Everybody says that there is a risk in everything,  and so with this.  You are saying it is your life savings,  so I think it is best to invest only atleast half of what you have and then wait for it to gow,  surely you will get good income which  can be added to your capital.  But still you are on safe side,  having left some savings for other important things for your self and family.

[Maddinson100]

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

I think you should take your time and think about what you are going to do. It is clear that you are new to mining and don't have enough experience.

At least don't invest all your money, you can start with a small amount and if every thing goes well you can invest more.
I hope we will hear good news about your mining experience in the near future.

Mining is really good when you understand how you can set up a good rig and what to mine. Once you are able to get back your return on investment, then the rest is just plain profit for as long as you want to keep mining. However, I have always personally have a thing for trading right from the start and luckily, bitcoin gave me the chance to make the best out of crypto trading which can be more profitable than mining if you are good at what you do.

[Praskatoon]

Hello,

I will advise you to never invest something you are not ready to loose.

Try with some smaller budget, learn from mistakes and then invest something more.

Investing life saving sounds pretty risky and dramatic to me

[newwest]

Hello,

I will advise you to never invest something you are not ready to loose.

Try with some smaller budget, learn from mistakes and then invest something more.

Investing life saving sounds pretty risky and dramatic to me

I was thought this by my professors that always first save and then invest only in such things which you understand. Also ensure that you divide and invest in several things and not in one thing. Though at present investing in btc is very lucrative but going by the principles it is important to only invest a certain % in cypto currency.