First time investment

[SimplyRouge2]

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

If your savings are $80 per month, my advice is consider investing some (if not all) of it in a riskier investment such as an ICO.  Do your research and pick at least one to put some money into.  You have the opportunity to do well in the ICO and can get a solid 'chunk' of coin to do some more serious investments if even one of the ICOs does well.

[1715099271]

1715099271

[Simple Plan(ned)]

I will advise you to spend good time to learned how trading work before we can actually said how to invest. If you know how trading stock and commodities then you can trade and invest in cryptocurrency perfectly. Investing in other coins outside bitcoin and ethereum is more profitable if you know how things work.

Do you have some link of them?

[carlfebz2]

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

If your savings are $80 per month, my advice is consider investing some (if not all) of it in a riskier investment such as an ICO.  Do your research and pick at least one to put some money into.  You have the opportunity to do well in the ICO and can get a solid 'chunk' of coin to do some more serious investments if even one of the ICOs does well.

I cant really deny that ICO investment can really give you out the chance to make some solid chunks but choosing up the opportunity wont really be that easy since this would be most likely
similar on gambling  coz no matter how you research there wont really be no assurance on what you have chosen.

Do you have some link of them?

You can search up projects on this board https://bitcointalk.org/index.php?board=159.0

[jakezyrus]

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

If your savings are $80 per month, my advice is consider investing some (if not all) of it in a riskier investment such as an ICO.  Do your research and pick at least one to put some money into.  You have the opportunity to do well in the ICO and can get a solid 'chunk' of coin to do some more serious investments if even one of the ICOs does well.

I cant really deny that ICO investment can really give you out the chance to make some solid chunks but choosing up the opportunity wont really be that easy since this would be most likely
similar on gambling  coz no matter how you research there wont really be no assurance on what you have chosen.

Do you have some link of them?

You can search up projects on this board https://bitcointalk.org/index.php?board=159.0

i wouldnt suggest ico's at all due to the reason that most of them are purely frauds . they will only collect the money from the public and will run away pretty easy .

@op not bad for a first timer . congrats because you manage to earn on mining , i  really thought mining is only a waste of time but you prove us wrong .  anyway , if you feel that mining can give you a good stable income , then you can just continue doing it . dont ever risk your profit from unsure investments like ico's or even on cryptos .

[carlfebz2]

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

If your savings are $80 per month, my advice is consider investing some (if not all) of it in a riskier investment such as an ICO.  Do your research and pick at least one to put some money into.  You have the opportunity to do well in the ICO and can get a solid 'chunk' of coin to do some more serious investments if even one of the ICOs does well.

I cant really deny that ICO investment can really give you out the chance to make some solid chunks but choosing up the opportunity wont really be that easy since this would be most likely
similar on gambling  coz no matter how you research there wont really be no assurance on what you have chosen.

Do you have some link of them?

You can search up projects on this board https://bitcointalk.org/index.php?board=159.0

i wouldnt suggest ico's at all due to the reason that most of them are purely frauds . they will only collect the money from the public and will run away pretty easy .

@op not bad for a first timer . congrats because you manage to earn on mining , i  really thought mining is only a waste of time but you prove us wrong .  anyway , if you feel that mining can give you a good stable income , then you can just continue doing it . dont ever risk your profit from unsure investments like ico's or even on cryptos .

If that $80 is just a save up for a small partition of profits on monthly basis then we can say it is indeed profitable but if you do talk about earning $80 on OP's side deducted on the expenses then i would say hes just wasting his own time.

Im not literally advising to invest on ICO since we know the chance of profitability or success but still anyone can took up the risk if they liked to.Lets say we arent sure on such decision and we dont have much idea on what to do then its better to save up those coins instead of risking it out on things which you arent even sure on what to do.

[Ayomiqueen]

What a great idea and am sure by now you should realize how much or how lucrative Bitcoin is for every month constant invest in it, I think is better idea and I which you could continue till when btc worth enough of your dream.

[Alex_Zi]

First time investment in crypto... So romantic time!))) It's a good time to begin, to join good projects with low price! I remember my first investment - it was aeternity project. And I still looking forward for them)))

[binhkieu]

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

Yes. It's not too bad. But the later it is harder to exploit. It also depends on Bitcoin prices.
 

[Ridwan Fauzi]

i wouldnt suggest ico's at all due to the reason that most of them are purely frauds . they will only collect the money from the public and will run away pretty easy .

@op not bad for a first timer . congrats because you manage to earn on mining , i  really thought mining is only a waste of time but you prove us wrong .  anyway , if you feel that mining can give you a good stable income , then you can just continue doing it . dont ever risk your profit from unsure investments like ico's or even on cryptos .

I guess for everyone who saves money in cryptocurrency in 2018 will meet the same thing, be it invest in ICO or in the coin/token that has been listed on the exchange. Take a look at the ICO project in 2017, very promising and only a little of the project is a scam. However, this year with a continuously to decline in prices caused by a number of things from the government or a company, it has an impact on a project, not a few of them who failed to reach the target then ended up in a scam. I just think if the cryptocurrency market is still the same in 2017, the ICO scam will not be there.

[onrise]

First time investment in crypto... So romantic time!))) It's a good time to begin, to join good projects with low price! I remember my first investment - it was aeternity project. And I still looking forward for them)))

It is a good time considering the market is quite stable and being low as well. So you can buy more coins at lower rates rather than spending the high value once the market keeps on rising and then buying it. So wishing people luck for the their best investment and looking for the crypto price to start rising and be used in daily needs as well.

[timoshani]

The market really now assumes certain stability. The price of crypto not strongly fluctuates. It is possible to look narrowly not only at bitcoin. I think - it is quite a good time for investments.

[omonuyak]

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

I hope you were able to take the decision and buy bitcoin at that very time because I could remember that bitcoin was below $1000 in February 2017. If you buy then I large quantities and sell now you should be in big profits if you sell in December 2017 or even now.

[LUCKMCFLY]

I have a fairly clear concept about Investor and Speculator, in your case you talk about Investment, for many both in cryptocurrencies and in the stock market, investments tend to give their results in the long term, the knowledge of fundamental analysis is used a lot and to try establish an Intrinsic value on the currency or stock, in the current case, if it is advisable to invest at this moment in Bitcoin, since I have read a lot about important speculators like Wyckoff, Livermore, which, following their teaching, leading to the plan of the cryptocurrencies, we are in the accumulation phase, which implies that we can stay a long time in this phase, if you buy now, and wait when the bitcoin price starts to rise, what is going to happen, when? I do not know, but it will happen, when it is in new price peaks, at that moment you must sell, take your profit, and win when it is in a bearish trend, now if you want to speculate, just trade the phase for now of accumulation, the market will give you clear tickets and so little by little you can make yourself profitable.

[palle11]

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

I hope you were able to take the decision and buy bitcoin at that very time because I could remember that bitcoin was below $1000 in February 2017. If you buy then I large quantities and sell now you should be in big profits if you sell in December 2017 or even now.

I thought Op talked about making $80 per month and if he does not have the zeal and determination to invest in bitcoin, he would have given up because, it was not as if he had $1000 at hand then. He would have needed to save up to 10 to 12 months to acquire a bitcoin going by his earnings then.