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Author Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE  (Read 5987 times)
bitbunnny
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September 29, 2018, 08:17:56 PM
 #241

I think you are considering good options. Both Bitcoin and Ethereum are good choice for investment that will bring you profit.
Still both these investments are risky, like every other investment you can make, so I suggest not to put all your life savings into it, leave something in fiat too.
And whatever you decide, divide your investment, don't put all eggs into just one basket thus you will diminish the risk.

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September 29, 2018, 09:29:10 PM
 #242

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 will adviced you not to go into investing all your lifetime savings for mining I mean there are lots of ways out there where by you can make money from Cryptocurrency without investing all your lifetime savings just like we have bounty Hunting  that's another way to make money in CRYPTO it just require your time and other related materials to get you started.

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juragane
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September 29, 2018, 11:07:03 PM
 #243

for my advice maybe you can buy bitcoin as one of your ways to be able to make a profit because bitcoin has a very limited total supply so it can make bitcoin prices expensive and you can get a profit.

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September 30, 2018, 10:03:02 PM
 #244

As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky) Undecided Undecided
AdachiYumi
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October 01, 2018, 04:20:44 AM
 #245

insteaed of invest in bitcoin. you should invest the other coin man. tha merket of bitocin now look not good for you. you may loss all your saving with this market bro Angry Angry Angry
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October 01, 2018, 05:00:00 AM
 #246

As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky) Undecided Undecided

Mining may not be profitable in countries where the electricity costs per unit is high, then adding equipment, space etc may be very expensive and in between if btc values fall then you would end up in heavy losses. So better to invest in coins and balance your portfolio.

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DOH!
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October 01, 2018, 07:34:07 AM
 #247

for my advice maybe you can buy bitcoin as one of your ways to be able to make a profit because bitcoin has a very limited total supply so it can make bitcoin prices expensive and you can get a profit.
Currently the cryptocurrency market is showing signs of recovery and the coins in the top 10 on Coinmarketcap should be more concerned as it will rise sharply as the market recovers and the risk of investment is also lower than the coin has low trading volume. Have a clear investment plan to be able to develop this market well in the long run.

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October 01, 2018, 07:40:31 AM
 #248

It is better to stay with bitcoin only as your main investment and don't pick any altcoin if you are not sure. But you need to decide how much money you will use and don't use all of your money to invest in the cryptocurrency especially if you don't know what coin to buy. And like I said before, stick on bitcoin will be the best investment you can do right now because Bitcoin will recover and the price will rise again to the higher price. But you need to be patient and don't panic if, in the next three months, the price cannot increase.

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October 01, 2018, 07:41:42 AM
 #249

As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky) Undecided Undecided

Mining may not be profitable in countries where the electricity costs per unit is high, then adding equipment, space etc may be very expensive and in between if btc values fall then you would end up in heavy losses. So better to invest in coins and balance your portfolio.


yes you are right now mining is not very profitable anymore because at this time the difficulty level of the algorithm used to solve the block also I see more difficult and certainly the electricity is too high because it will require very high power for mining machines and you know that electricity also has a very expensive cost so the results from mining are not too much and surely the profits will be very long. it's better that you do a trade that is certainly not too much money needed and the results can be too much.

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October 01, 2018, 08:13:50 AM
 #250

do you want safety? if yes better you should not buy bitcoin at this time. just wait until next month bro. i think you can get a better price
JuggernautToken
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October 01, 2018, 10:35:55 AM
 #251

mining is the worst investment that you can do
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October 01, 2018, 10:59:34 AM
 #252

I will advice you to research first before you do it properly, because in your case if you got lose that you fall down in other way you're money will go in to nothing by the way i don't bet all your money in investment that you go do not put your self down just manage it all. I will advice you to invest in Bitcoin now because I pretty sure a few days or maybe a months Bitcoin will rise up again But don't bet all you money that you had, look for your future.
Actually since its your life saving money so better to not to put your all money in bitcoins. Seems you're newbie and not much aware about crypto currency.
It is good that you want to invest in cryptocurrency. I appreciate your courage because only courageous people can invest in cryptocurrency because they can lose their money due to fall in the price. You should invest half of your money initially. If you think that it is good then you can invest the rest but don’t invest all your money together.
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October 01, 2018, 02:53:39 PM
 #253

find a new ICO bro. it a good plan to invest for your future Sad Sad
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October 01, 2018, 03:04:25 PM
 #254

the better way for your future is gold. it's safety hahha. just kidding
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October 01, 2018, 08:57:36 PM
 #255

Never go all in. While crypto is here to stay, it is still volitile at the moment.
 
Easy Retired Millionaire is the first truly automated system to make money FAST
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October 01, 2018, 11:17:21 PM
 #256

Mining isn't as lucrative as it was back then.
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October 02, 2018, 05:00:04 AM
 #257

In my opinion, if you want to invest in mining, the cost will be very high as the cost of the rig, hardware and electricity as well as other input costs. It will cost you less money and most miners now. It is also a headache to exploit crypto for high costs. So think carefully.

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October 02, 2018, 09:48:12 AM
 #258

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’re just trying to take a huge risk by doing that, investing your life savings? Lol, are you serious with that? 😳I can never do that, I’d rather divide that money and keep like 50% in my savings and then use the other 50% to look for what I’m going to invest in, and while investing I’m not going to invest only in Bitcoin, I will diversify and invest in like two to three things.
You can search Google for your required mining hardware and other accessories. The important thing is that how much money do you have because you told that you want invest all your money? If you have very big money then you should not invest all your money in mining. Buy some coins because if you fail in mining your coins will recover your deficits.
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October 02, 2018, 02:09:46 PM
 #259

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 would advise you not to invest all your money in one thing. And in the light of the current situation, I advise you to dont start of any cryptocurrency mining, because it is not profitable enough, especially for young miners. Better try your money by buying and selling certain cryptocurrencies so you can earn from the margin.

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October 03, 2018, 07:34:06 AM
 #260

if you want to find a good and proper investment in my opinion you can invest by buying bitcoin because bitcoin can be very expensive because it has very high demand and has a very limited total supply that makes the price of bitcoin can be very expensive and can provide benefits which is very much for you.

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