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Author Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE  (Read 5973 times)
michellee
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October 03, 2018, 09:19:12 AM
 #261

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.

Invest in bitcoin is the best thing that he can do but don't use all the money in crypto and put some money in your bank account, so you don't have any problem when you need to buy something. But it depends on how much your life savings because this will impact with the investment that you want to use. The bigger money that you can use to invest in crypto, the bigger the profit that you can expect, but this is not always guaranteed since we don't know what will happen in crypto itself.

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October 03, 2018, 10:41:29 PM
 #262

This may be not so useful to the topic starter as I reply to a post from a year ago, but may be useful for future investors.
In my opinion, it`s way too risky to invest all your life savings only in mining equipment. Don`t put all the eggs in one basket - separate your investment.
Find several projects you are interested in, study the WPs and divide your funds between them. Buy some BTC as well, I`d say.
And don`t forget to keep some fiat currency on your bank account for everyday needs, Cryptocurrency may be not that common in everyday life in your country.
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October 04, 2018, 11:44:29 AM
 #263

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.
I suggest you not to invest all your money in cryptocurrency because it is very risky and there is no guarantee that you will earn money from your investment. It is better to keep some money in your bank account and if you realize that crypto investment is more beneficial than bank account then you can invest the rest of your money but don’t take risk to invest all your money.
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October 05, 2018, 07:43:18 AM
 #264

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
Yeah it is good to split your money in different coins. Bitcoin and Altcoin both are good for investment. It is clear that there is a lot of difference between bitcoin and Altcoin but it is also a fact that there are some good Altcoin which are not only authentic but also reliable for investment. They can give you big investment in the near future.
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October 05, 2018, 07:45:12 PM
 #265

Bitcoin is a unique profit-making investment, it brings a lot of profit to investors. Mining means you will lose money on mining rather than trading. Consider before making a decision.
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October 05, 2018, 10:52:21 PM
 #266

if you are looking for the best investment for now and for the long term then you can use it to buy bitcoin, buy as much as you can because bitcoin every year will rise in price.
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October 06, 2018, 09:22:21 AM
 #267

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.
I have no idea about mining but you can search in Google and YouTube. There you will find the best solution for your problem. I just know that mining is just a waste of time in these days, because the price is low and miners are making no profit. They are just passing their time in hope that the price will go up in the future and they will earn some money.
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October 06, 2018, 09:59:38 AM
 #268

if use you saving to invest. you should choose bitcoin market. buy now and hold until next year. maybe you can get rich.
In these days the price of bitcoin is very reasonable and you can buy bitcoin for your future. If you have patience and courage to bear any circumstances then you should invest in bitcoin. If you have trading experience, then it is much better and you can make handsome money in the future. Don’t be panic if you want to put your money in cryptocurrency.
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October 07, 2018, 12:53:48 AM
 #269

If you are planning to invest for a good life saving, it's better if you invest in bitcoin because it's really good to have an investment like bitcoin and hold it for a long time because the longer you hold it, the higher the value it becomes.

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October 08, 2018, 11:33:09 AM
 #270

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
For me I’d say that’s a huge risk for anyone to take, especially this time around that the price is down. It’s always good to make investment, but always have something left in case things happen to go south, so you will have something left at least. Divide the money you want to invest and make sure that any amount you’re going to put into this investment is any amount that you can afford to lose.
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October 08, 2018, 11:53:17 AM
 #271

If you are planning to invest for a good life saving, it's better if you invest in bitcoin because it's really good to have an investment like bitcoin and hold it for a long time because the longer you hold it, the higher the value it becomes.
how can you say bitcoin price will increase in future? bitcoin price is very volatile nowadays. every day it drops and increases. but not going above a specific range. I think if someone want to invest his saving and want to do that in crypto then he should do trading. first, he starts with less amount when he gets experience and understands tricks of trading, he should increase his investment.
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October 11, 2018, 12:31:08 PM
 #272

if use you saving to invest. you should choose bitcoin market. buy now and hold until next year. maybe you can get rich.
In these days the price of bitcoin is very reasonable and you can buy bitcoin for your future. If you have patience and courage to bear any circumstances then you should invest in bitcoin. If you have trading experience, then it is much better and you can make handsome money in the future. Don’t be panic if you want to put your money in cryptocurrency.
It is good decision that you want to put your money in cryptocurrency. I really appreciate your courage, because cryptocurrency investment is very risky and you may lose your coins with one wrong decision. It is better to split your money in different coins. By this way you will be mentally relaxed and satisfied. If one coin downs other will go up and you will remain constant.
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October 11, 2018, 12:37:40 PM
 #273

if use you saving to invest. you should choose the bitcoin market. buy now and hold until next year. maybe you can get rich.
In these days the price of bitcoin is very reasonable and you can buy bitcoin for your future. If you have patience and courage to bear any circumstances then you should invest in bitcoin. If you have trading experience, then it is much better and you can make handsome money in the future. Don’t be panic if you want to put your money in cryptocurrency.
It is a good decision that you want to put your money in cryptocurrency. I really appreciate your courage, because cryptocurrency investment is very risky and you may lose your coins with one wrong decision. It is better to split your money into different coins. By this way, you will be mentally relaxed and satisfied. If one coin downs other will go up and you will remain constant.

Yes, instead of losing all your money in one coin it is better to split the coin by dividing your money into different coins. It is very good to research before investing into any coin which should give good income for your holding.
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October 13, 2018, 11:08:59 AM
 #274

If you are planning to invest for a good life saving, it's better if you invest in bitcoin because it's really good to have an investment like bitcoin and hold it for a long time because the longer you hold it, the higher the value it becomes.
Yeah bitcoin is the leading crypto in the world and the market cap and earnings ratio is higher than any other coin in the market. You can make big money in the near future, while other coins will take long time because of the low price and growth. But you should search and analyze the market thoroughly before investing your money in cryptocurrency and make sure it is good for you.
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October 14, 2018, 03:42:35 AM
 #275

How much capital to actually occupy the cryptocurrency?. And it makes me rich or poor. I am also confused about the investment process.
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October 14, 2018, 09:31:39 AM
 #276

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.

I believe so. There are exchanges that allows margin trading which is quite good than just waiting for the bullrun before you can profit. There are several of these exchanges one that anyone can be their liking is the bitfinex.  Its risky due to the leverage but you can handle it after all its bear market so shorting is the safest. One exchange that has this feature which is right now just in the development stage is the EOSex.com Hope to see it launched fully this year end.

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October 14, 2018, 12:58:40 PM
 #277

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

If you are really serious to risks your life savings then start a business that can give you continous earnings on regular basis that will take you on long term. Earned and saved money to the point that you have an extra ammos for misc things.

Consider entering mining world once you are sure now that even you will loss on mining, you still have other sources. It's a bit of a suicide if you will invest your savings to the things you are dumb about.
I think you have some point the idea of having business can actually help you out when you want to start investing for long term purposes and just make sure you can actually gain enough benefits and make a wise decision before and after the result of the investment you have made.
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October 14, 2018, 07:01:31 PM
 #278

Why are you discussing this? A man asked for advice almost a year ago, I do not think that this is relevant for him now, as well as mining in general for individual mining is not a very promising direction for a very long time.
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October 14, 2018, 07:45:15 PM
 #279

How much capital to actually occupy the cryptocurrency?. And it makes me rich or poor. I am also confused about the investment process.
It is all about the investors who want to invest if a person have money he should invest all of it, and if a person have less amount of money he should invest less but will have to hold longer for high profit,. Crypto currency investment makes all investors really rich because in my friends circle it has make a lot of people rich now who were  not having anything in long ago but now they bought houses and own business only because of bitcoin so just buy and hold you will get rich.
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October 16, 2018, 08:01:24 AM
 #280

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
For me I’d say that’s a huge risk for anyone to take, especially this time around that the price is down. It’s always good to make investment, but always have something left in case things happen to go south, so you will have something left at least. Divide the money you want to invest and make sure that any amount you’re going to put into this investment is any amount that you can afford to lose.
Mining is very risky especially in these days because the profit margin is very low and if the price of bitcoin falls little more miners will stop mining because of no profit. It is better to start trading. Trading is better than mining and you can make good profits in short time. For trading you need to get experience and knowledge about the market situation.
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