Investnment Advice

[JohnnyPierce]

I asked for a loan to resolve some personal expenses and I still have about $1200 left, I have the intention to invest this money and with all the cryptocurrency uproar I do believe this new universe is probably the best place to invest this money, (if I'm wrong, let me know)

Now, I have two main ideas, either I purchase $1200 worth of bitcoins and hold on to them expecting a higher capitalization, or I invest in mining equipment to mine some altcoins.

I currently have a gaming rig with a R9 270X card, which, for mining purposes is profiting me about $20 a week.

What would you suggest me to do?

[Frost000]

If that $1200 left over is from that original loan, depending on the terms of that loan, I'd probably just pay it back to minimize my loan as much as possible.

If you really want to have fun with it, I guess you could buy some BTC and hold.

I wouldn't buy mining gear because $1200 doesn't get you anything that'll be worth it. With the difficulty increases, it's harder to stay on top of the game with actual hardware... Unless you'd be able to sell it for a mini profit in a pinch.

[TKeenan]

I asked for a loan to resolve some personal expenses and I still have about $1200 left, I have the intention to invest this money and with all the cryptocurrency uproar I do believe this new universe is probably the best place to invest this money, (if I'm wrong, let me know)

Now, I have two main ideas, either I purchase $1200 worth of bitcoins and hold on to them expecting a higher capitalization, or I invest in mining equipment to mine some altcoins.

I currently have a gaming rig with a R9 270X card, which, for mining purposes is profiting me about $20 a week.

What would you suggest me to do?

For sure you should buy Dogecoin.  This way, you'll make enough money to pay back the loan AND still have some left over for investments next week. 

[DrBitcoin]

The answer is simple:

1) what is your monthly income? (How much do you make after taxes?)
2) what are your monthly expenses? (Add up all of your fixed and average your variable expenses)
3) how much do you out towards savings and retirement every month?

Income - expenses - savings = excess

If you have excess left over every month, then by all means spend it in a Bitcoin, Litecoin, Dogecoin, Potcoin...whatever. But realize that it is a risky investment, and prepare for the possibility of loosing everything you invest.

As far as the $1200 is concerned, what is the interest rate? If it is high, like >%7...then use it to start paying off the principal of the loan.

[bugboi5]

Mining equipment would be a safer way to invest in crypto currency in my opinion.. it provides a steady stream of income.. 

[BitWinner]

By all means, pay off the principal of your loan as much as possible.

Only invest with play money, not with loaned money.

[lazyfellaw]

Mining bitcoin makes much more sense than investment.

Think that even if bitcoin price come down but it will be worth for something and since you would be mining them so at least somewhere you will make profit.

My recommendation> Go for mining if instead buying it.

[boumalo]

By all means, pay off the principal of your loan as much as possible.

Only invest with play money, not with loaned money.

If you doesn't have any interest on the loan and you want to invest the money, why not? It is risky and it is always nice and often a good idea to pay back your loans asap but investing money that doesn't cost you anything can get you some profit

If you are new to mining, do all your calculations then do them again to be certain that you will have a profit

[BitWinner]

By all means, pay off the principal of your loan as much as possible.

Only invest with play money, not with loaned money.

If you doesn't have any interest on the loan and you want to invest the money, why not? It is risky and it is always nice and often a good idea to pay back your loans asap but investing money that doesn't cost you anything can get you some profit

If you are new to mining, do all your calculations then do them again to be certain that you will have a profit

Depending on the investment, sure. But investing in Bitcoin (which is considered high risk, no matter what anyone tells you here) with loaned money is a bad idea.

[acoindr]

Let me give you some solid investment advice: only invest in things you know about. Asking others for investment advice is already a bad start, but if you do that at least do it with money you can afford to lose.

That being said some people have a high risk tolerance (gamblers for instance) so I'll give my views regarding this space. First, I'd say this space has the most opportunities, but that doesn't necessarily mean it's the best place to invest, if you're not a professional investor. The best way to invest here is with your own time and energy. Take time to learn all you can because knowledge itself is valuable. If you have skills invest those too. Investing in the form of your own equity stake in what's going on here is probably the best investment approach and can be done many ways.

As to the question of mining equipment or coins I'd say mining hands down. Coins are too volatile, even Bitcoin, and often require the ability to hold for long periods through downturns. Mining OTOH has different dynamics and you can sell your equipment at the least if/when things fall apart (except asics of course).

[bitminerinthecloud]

I asked for a loan to resolve some personal expenses and I still have about $1200 left, I have the intention to invest this money and with all the cryptocurrency uproar I do believe this new universe is probably the best place to invest this money, (if I'm wrong, let me know)

Now, I have two main ideas, either I purchase $1200 worth of bitcoins and hold on to them expecting a higher capitalization, or I invest in mining equipment to mine some altcoins.

I currently have a gaming rig with a R9 270X card, which, for mining purposes is profiting me about $20 a week.

What would you suggest me to do?

Hmm,

Never ask the barber if you need a hair cut. I guess it is from Warren Buffet. One of the best investors all time.

People here are either speculators or miners. If they are miners they want you to be investor and if they are investors they want you to be miner. They may have vested interests.

Either way, I think you should think a lot by yourself.

Whatever you do (mine or speculate) it will be risky. If you do on loaned money, than the risk is even greater.

If you think the conversion of bitcoins is going up on the time horizon of the loan, then you should buy it, if it goes higher than the interests. This is already a lot risky. And mining is way more risky.

[BTCisthefuture]

Using loaned money as an investment is very risky,  especially with something as risky as bitcoins/altcoins.

Really depends on the nature of your loan I suppose,  but if it were me I'd be focused on paying off my loans.

[AltorXP]

Using loaned money as an investment is very risky,  especially with something as risky as bitcoins/altcoins.

Really depends on the nature of your loan I suppose,  but if it were me I'd be focused on paying off my loans.

+1
Don't invest money you can't afford to lose, or get gains in a short amount of time - BTC will most likely stay in the $800-$1200 range this whole year

[odolvlobo]

How about paying back your loan?

Seriously, if you have to ask strangers on some website how to invest your money, you really should stay away from investing.

[reymarkperry]

It’s much better if you will invest it in bitcoin. With bitcoin’s skyrocketing value, you will sure earn big profit if you put your money into it right now.

[Sonny]

Agree with others that you should just pay back your loan...
If you have some extra money on hand, you can invest part of it in bitcoin; but not with your borrowed money.

[Frost000]

It’s much better if you will invest it in bitcoin. With bitcoin’s skyrocketing value, you will sure earn big profit if you put your money into it right now.

Skyrocketing? Last Fall, sure. Now it's stabilizing at $800... We all wish it was, but skyrocketing it is not.

[superresistant]

Let me give you some solid investment advice: only invest in things you know about. Asking others for investment advice is already a bad start, but if you do that at least do it with money you can afford to lose.
That being said some people have a high risk tolerance (gamblers for instance) so I'll give my views regarding this space. First, I'd say this space has the most opportunities, but that doesn't necessarily mean it's the best place to invest, if you're not a professional investor. The best way to invest here is with your own time and energy. Take time to learn all you can because knowledge itself is valuable. If you have skills invest those too. Investing in the form of your own equity stake in what's going on here is probably the best investment approach and can be done many ways.
As to the question of mining equipment or coins I'd say mining hands down. Coins are too volatile, even Bitcoin, and often require the ability to hold for long periods through downturns. Mining OTOH has different dynamics and you can sell your equipment at the least if/when things fall apart (except asics of course).

Great advices :
 - Do not invest in things you don't understand
 - Do not invest in ASIC Bitcoin mining

I am keeping 100% of my wealth in crypto-currencies but it's been over a year I am into this and I am spending all my time on this forum to get more knowledge everyday.
Knowledge is the key in crypto-currencies, you can make huge profit like you can't imagine but you need to spend all your time getting informations.

[grever]

I think invstment is a good idea. Especialy now when world is overflowed with crypto curencies.
I invested some of my money into @Viberate_com platform.
You can read more about it on link bellow:

https://www.viberate.com/participation

Whish you all to invest the right way!

[audrey12]

Better invest the excess in bitcoin because of big turnover that you can get after quite sometime and who knows with the current pricing of bitcoin it pump more than 100% on few months and if this will continue thru bitcoin investment you could have paid all your debts with something left for you to start up. Bitcoin is a good investment to take just be wise and don't get scam.