.5 BTC reward if anyone can post an investment avenue that will net me 100% in one year.
Where should I put my money to make the highest ROI?
Here are the things I'm currently considering:
- Contracting out a company in India/Serbia to produce scrypt ASICS.
- Helping out Alpa-Technologies by partnering up and expediting production.
- Start a massive scrypt farm in a warehouse.
- Investing with Butterfly Labs.
- Investing everything back into NXT.
- Starting a new crypto exchange offshore, relocating offshore as well.
- Starting a high return crypto hedge fund. (I started my business at 16 with only 800 USD and here I am at 19 with 1 Million in total assets.)
Would anyone here take advantage of a crypto hedge fund?
I've been in the game only a couple months but here are my opinions:
1. If you can make this work, this could be the most profitable route. I've read that the richest players in the crypto game are the miner manufacturers like KnC.
2. There are other (supposedly) higher performing companies developing scrypt miners right now. I can't remember their names but definitely check them out before jumping in with Alpha.
3. I think this could be a good avenue depending on how cheap you can get the hardware. Right now GPUs are insanely overpriced but perhaps you can strike a deal with a certain manufacturer if you buy in bulk.
4. I would not jump in bed with BFL. Horrible reputation and I believe they're facing legal trouble because of their failure to deliver.
5. I would not recommend putting all your eggs in one basket as far as cryptos. If I had to though, I would go with Ethereum. Have you heard of the digital autonomous corporations (DACs) that will be possible in Ethereum? I believe that has the potential for massive opportunity and I would definitely prepare for opportunities that arise there.
6. This could be a smart and profitable venture long term. If I were in your position I may go for this one.
7. This might be the most fun and it sounds like you may have a nack for it. I highly recommend you start with lower amounts to learn how cryptos get their value and which qualities give their coin long term value. Its not as straightforward as you would think. There are poles which ask people on here what they look for when investing in a coin, but that doesn't always correlate with reality. Congrats on your success, my goal is to be in your position someday
Edit: For some easy (but risky) gains, I would take 1 or 2 btc and invest them each in a coin whose prices is in the single digit satoshi range like corgi, karma, burbu I think, etc. With each price fluctuation by 1 satoshi with 1 btc you can make about .2 btc. Also, if a coin happens to take off and you managed to buy in on one of these coins at 1 satoshi, you'll see some very nice gains.