LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE

[pedangrusak]

investment in mining tools is currently less profitable in my opinion because the price of bitcoin and altcoin continues to decline and this will burden the operational costs that must be paid every day or week, if you are serious for long-term investment then buy some potential crypto coins which are divided into portfolios and you must do in-depth research on the selection of coins to support profit and minimize losses

[1714829445]

1714829445

[Akagum]

The investment plan is good even though there isn't much profit in it these days .
I for one would not advice anyone to investall there life's savings in one investment.
You can diversify so your fingers don't get burnt in situations where the investment fumbles.

[ApocalypseNow]

That is why it is called life savings because it serves as an emergency fund for you in case anything happens to you that need immediate cash. You shouldn't use it and you should use an amount that is outside that savings like your money for your hobbies or vices.

[gabmen]

The investment plan is good even though there isn't much profit in it these days .
I for one would not advice anyone to investall there life's savings in one investment.
You can diversify so your fingers don't get burnt in situations where the investment fumbles.

Well who would be foolish enough to advise such risk? And who would be foolish enough to heed such advise? It's common knowledge among investors to diversify your portfolio. And you'd also want to keep some as your savings in case of emergency pusposes.

[cryptolord2077]

All that I can advise you is not to invest everything, limit yourself to a small part and even break this part into smaller parts. All the same, investments involve risks, and it is not so easy to accumulate now.

[boyptc]

All that I can advise you is not to invest everything, limit yourself to a small part and even break this part into smaller parts. All the same, investments involve risks, and it is not so easy to accumulate now.

Remember the words of Warren Buffet about not putting your eggs in one basket though this guy hates bitcoin.

[Genamant]

Rule number one of investing; don’t invest more than you can afford to lose.
well if you decide to invest youre life saving you as well be decided to lose it.

[virasog]

Mining is really very expensive one because of the fact that you have to build your mining rig with the most new model of its hardware. Also, don't forget to include your power consumption through mining that will certainly costs you a lot.

Mining will not be suitable if you do not have some technical knowledge about it and also if the electricity in your area is not cheap. I will not recommend mining at all.

If you can, you can try investing in China's stock market, which is just like the US stock market ten years ago.

So you are advising investment outside cypto ? Well, people here want to look for the investments with the crypto currencies.

[noormcs5]

Rule number one of investing; don’t invest more than you can afford to lose.
well if you decide to invest youre life saving you as well be decided to lose it.

Well, if the life saving are invested in a proper way and place, they will never be lost. The best advise from me is to invest in bitcoins only. If you are not a trader and not a tech related person, saving the bitcoin in your wallet for long term could be the best and safest option and you cannot lose anything if you invest in bitcoin now. (As BTC is cheap these days).