Topic: I need help, actually a little guidance. (Read 700 times)

I think you should look out for Virie Market. It's a market with a very user friendly payment system. It's very easy to understand that even the newest person in cryptocurrency will understand. It's safe as they have their own Escrow system and blockchain so trading it is because you can use it to exchange not only currencies but also goods and services. For more info, you might want to check the blog site that I'm following now: https://www.annerainwater.net/

When my first time I invested in cryptocurrency a year ago, my mind only focus on how to earn passively and tell my friends that they can also earn it if they try after showing those charts from last year. Losses are not actually visiting my mind since I don't know how technical and fundamental analysis works. To make story short, i lost my hard earned money when i invested the first time and unable to get back my losses that time. I would advise you to try joining multiple bounties first. Why? Because you will learn everything day by day once you receive your rewards which will be your funds to be invested in this industry.

The most simple decision - to buy and hold, if electriciry is cheap (or free in some cases :p) better buy mining rigs

Since electricity is very expensive in our country, I just take my time to get profits from trading. Sometimes I hold altcoins for a long time if I could see that there is a future in the project.

if you do not know how to do mining and do not understand the equipment, if you do not know how to trade, then just buy and hold

I think the sooner you start trading, the faster you will gain experience that will help you earn money on the market because if the market drops or grows, traders earn the same 

Yes, even if you find no scams. Now the prices on the market are very tasty. You can buy good washes that will grow well. And it will take you less time to get your first profit.  Now you can afford the best coins.

Just within your opening question, every single one of those methods can make you money.

They can also LOSE you money!

So much of it depends on your skill set, your understanding of each method, your time frame and also financial goals.

It also depends on how much time and effort you want to put in learning and understanding, as well as actually getting in and doing the work.

Also if you plan on being a HODLR, do you have the nerve and patience for it? Will you succumb to the ups and downs of the market and buy/sell/hold at the wrong times?

As others have said, if you plan on going the mining route, what are the power costs you will have to deal with, even the temperature of your area? Will you be able to stand the noise? What contacts do you have?

These are just the tip of the iceberg when it comes to some of the questions you have to ask yourself. My advice is to research them all thoroughly and choose one that you feel the most passionate about!

if you need guidance, it's definitely for bounty hunters with a low rank. but all the facts if we read in the information thread must be all there is to do and just apply it.

If you invest in mining I don't think this time will work well, many miners don't get profits, in my opinion if I have funds I will buy coins and hold some for some time and some of them I use for scalping

the problem is to find the new coin that can do a big % of price grow...we must look for coins that are not ico or bounty but people are too stupid for this....I regret I did not get bought coins like litecoin,vertcoin or viacoin when they were very very low in 2015...there is a good dose of luck of course, but you must always do your own researches...for example watch Elicoin in livecoinwatch , is not an ICO or bounty... it's a coin with low mc, low supply, PoW whit cpu, no premine, active dev...only trading it on CREX24 for now...do you own researches in the thread in bitcointalk: https://bitcointalksearch.org/topic/anneli-elicoin-cpu-mining-only-exchange-available-3028302... people are too stupid for DYOR and got scammed by ICO or bounty...just my 2 cents...hope it helps...cheers

If I personally look for free ones, because besides not enough capital to make trades,
it also minimizes the risk of loss, so I prefer the free ones.

I think it will not be profitable for you. That may be sophisticated fraud. Do not believe in something that can make you easy. In this market, the bad guys always make use of everything to fool us. be careful.

cloud mining is not worth mostly they are scam so don't join you will lose your money and time, for me the best obtaining cryptocurrency or just making profit in cryptos just doing trading, investments and joining campaigns.

To be honest, every way of getting altcoins or bitcoin is a good thing. It just depend on what coin you want to get. And also, your speculation and research are also very important because that will be the basis of your investments.

You need to take the giant steps ,you want to stay on safer side? They stay away from cloudmining even if they pay you it won't worth it in the end ,and don't buy mining rigs now ,now is a worst time to invest in mining rigs cos no profit mining any algorithm as of now ,your best safer bet would be to invest in good projects, both new and old ,do some researchs

Leave crypto market and built your own off line business or trading/ invest in stock/ currency/ commodities. This is realistic mindset I have not to scare you but stay is bad option. Market condition and low demand is negative sign to keep stay. Up to you I just see market condition and try to become realistic.

Many cloud mining companies have made their customers suffer. They're obviously not very reliable. Nevertheless, those who are really successful can arise.

My advice is don't join cloud mining, never join it. I'm not a trading expert and sometimes bad market let my emotion affects judgment, so I just spending money buying and holding, I've thought about mining rig before crypto bear market, currently market situation is not recommend build mining rig, use own cash direct buy coins is better than all of the option

You can try mining or staking POW/POS coins or if you want develop your own project there's plenty of guidance available in the technical boards, but if you're simply wanting to invest to potentially receive returns later then you're better off HODL'ing a few good quality assets considering the market should now be cheap enough for new buyers

cloud mining is a very tedious thing, and trading is very fun, even if patience is your main asset, and looking for the right time for all transactions, but looking at current market prices, being a holder is probably when he has the potential to get big profits, but buying a mining rig is also a good investment, as long as you have a good atmosphere, and of course good equipment

I suggest that if you want to get a cryptocurrency more likely you can do it by mining but I see mining at this time has not made much profit because many coin prices have fallen so much that the price is very cheap and not worth it if you do mining must pay for electricity and repair your device.

Tried the following and these are my experience and results:
1. Cloud mining: 2 year contract - not profitable
2. Trading with own money: High risk but very good opportunity last year. Try to learn how to short so you can make money whichever way the market goes. Will take lots of time to learn.
3. Buy and hold: not profitable in this year's bear market
4. Mining / Masternode (staking): Haven't tried the GPU or ASIC mining. I've tried Masternodes (staking). Very profitable last year, this year not so much but I continue to run low cap MN's. Setting up a VPS is better due to less management than using own PC at home (https://masternodes.online) . There are also Proof of Stake coins that only require a simple PC (https://www.poslist.org/)
5. Bounty programs: earn while performing some task as specified on the campaign - translation, signature, twitter, etc. This is a hit or miss but if it hits, sometimes a very good pay.
6. Airdrops: Not worth it now. Most are trash (in terms of amount/value).
I recall last year that there were airdrops that gave 0.25 btc one time coin giveaway and some as high as 3-5 btc total (once converted) but distributed in several weeks while performing some task. This is also due to bull market last year.

Welcome and good luck on your quest in the crypto universe!
We all started as noobs! Just ask here and someone will surely reply with good quality info.


 

Investing is the best way. But not the easiest way apparently. You will have to shell out a certain amount for it. But then the season right now is for buying. The top coins are so cheap. Cloud mining for me is more or less a waste of time and effort. Buying a mining rig as of this time might be another bad idea. Mining right now is not the best option. The market is clearly bad to start mining. Moreover, you need to study it first. You could actually try joining crypto campaigns, especially those that will pay you in BTC.

Cloud mining will not give results that are commensurate with the results obtained. need a long time to make this to produce and of course, will not be recommended. dare to take the risk with trade could give better results and at least doesn't take long. so may I suggest don't try Cloud mining than later too think hard of it.

Among the options you had stated, buying and holding is the one that might be suitable for you. It is the easiest and less stratigic one. You just buy the dips of the tops coins and wait until the next bull run. Trading requires a lot of skills and experiences. It is hard to trade without strategy.

I think a good thing to do with that amount of money would be buying yourself a mining rig because even the crypto currency market is in red you have many choices to what coin you mine.

Maybe i could suggest trading at your own money, i mean, short term trading. Cloud mining is not that profitable in some matters in such a way that you are holding your money, unlike trading you have the full control of your investments, but of course, you must have the right knowledge of what coins or tokens are you are trading in. There are hypes everywhere, and you must ride on it, holding might not be profitable this time, as we are all experiencing bad market condition.

From the options above I prefer to trade, buy some coins and then hold them for the long term ... because if I do other things like mining ... I don't have enough money to buy mining rigs.

Cloud mining is a big no-no, I suggest buying and hodling (but don't forget to get as much information about coins as possible before you buy smth), as now coins are really cheap and affordable. Trading is a nice option too, but it's riskier and requires time and efforts.

My suggestion is to avoid investing anything unless you are willing to lose it all especially in the current bearish market where everything is pure chaos at the moment. Many would suggest avoiding the market all together currently though I am not one of them. If you do wish to take the risk, I suggest doing your research before investing into any particular coin or token in this market. Majority of the coins and tokens are totally worthless which is why they will disappear most likely in the long term due to which the most popular cryptocurrencies are worth investing into like Bitcoin, Ethereum, Litecoin etc.

Nothing to be afraid of as everything in cryptospace is all good be it mining or trading , you only need some guidance to be very sure of how it works so your device never lost and surely you will enjoy it when you get to know more just take your time to study the use and the cost on electricity stuff with what you have to get and the cost , and also try to learn or seek advice before going in to any thing not just jump in cos you hear people saying it profitable.

Trading is more less risk and you can get more coins now because value of the altcoins are cheaper compared last few months ago. I did not like cloudmining because it is very risky to lose your investment. But it's up to you what you will choose it is only advice from my knowledge and information.

If your a bounty hunter and because of the current market your discouraged to push on ! My advice is this...push on with your campaign work as the future is bright . There's every tendency  the market might push up any moment from now .so many people have back out from working because of the market condition. Wise thing to do is now is stay committed and up worki g your result is waiting for you.

If you are asking me about the current situation now in the market? I think the best way is to buy while the price is so low and when the time it rises up, you will surely gain profit if you chose good coins. Be patient if you want to gain a bigger profit from what you have bought right now. Still, you have to study first and do some research. Mining for me is so impractical especially in our country which has a high cost of electricity.

whatever you do, do NOT start from mining. because mining will also require you to have some knowledge of different altcoins and their markets AND trading. so if you jump in with mining without having that prior knowledge you won't be as successful as if you had that prior knowledge.

so my suggestion is that you start small and start by trading some altcoins. learn how the market works and how you can make profit while becoming more familiar with the pump and dump concept. then if you decided mining is more profitable you can add that as a secondary income.

 To make money there are a few big prospects for the next few months.

I predict both Neo and Qtum will begin to run big time in December right up to Chinese New Year in Feb 2019.

In USA you will see a huge interest in Raven coin (RVN) from December onwards. Big announcement coming up in Q1 of 2019.

Finally, keep an eye on Qash, Komodo, HOLD, Stellar - as they are 4 real projects with real potential and real teams behind them.

Well i believe that there are so many ways to earn and I believe that we can know about it if we are going to research maybe we need to wait because the market is now really on dip and I believe that it will rise soon, maybe there are so many rumors and so many panic people now on the feild tgat needs guidance bit I believe that we can get it here.

Mining requires a lot of capital and better knowledge, by asking questions and continuing to seek knowledge, you can do this.
You will get a lot in this forum so you can do mining and good results.

There is no rigid plan to cryptocurrency activities you may one to explore.  Most of the things that happened in cryptocurrency are intetdepent and related.  If the market price of cryptocurrency is good,  mining will be profitable. And if the prices of coin are cheap in the market,  it is better to buy your favourite coin than to mine them!

Searching for the right information is an important thing before we invest in crypto, especially when there are too many scam projects that make crypto's reputation deteriorate, and this forum is the most appropriate reference for finding all things related to crypto.

no matter what you do, inform yourself correctly about it before. use google or this forum for your search. this is very important and never invest more than you can lose without harming you.

The best is through investment and trading, but what I am doing is joining some promising bounty campaigns and spending my time on it. Doing some jobs and earning free cryptocurrency on it. It is quite good income if the market is also good. Why not to try it?

Ok if it's cloud mining I would say no. Cause cloud mining is sometime profitable but in large time scale. And most of the cloud mining is lending project so you would easily can lost your money. If it's comes to real mining then it's ok but. In this bear market mining also not that much profitable if you are not doing it in a longer scale or in a form like that. I think trading and holding is better that mining. If you have good knowledge and time for research. Cause in bear market you will hand on those high price coin in a cheap price. And when people are talking about institutional investors then a bull rally maybe come so better start holding from now. I atleast go for long and mid term investment. Choose is yours. Whatever decision you take think about it first and do some research on your own.

Don't join in cloud mining because some that was scam the real mining was have your own hardware to mining a bitcoin but in cloud I doubt and forget it. Holding and trading I think it same because you are trading for long term so I think this is one of the best think that you need to do because like now the value was dumping so it means after the falling it was rising again so invest now and patiently wait for the rising.

I completely agree with you. Cloud mining is a big no no, even if they are big and legit ones. And yes, it's very correct, do his own due diligence. There are too much information here in the forum alone that he can munch and chew and learn a lot of things, either mining, staking, trading and others. He needs to learn how to tell if a certain coin is just a pump and dump or has real foundation to begin with. He doesn't need to follow the instructions of somebody here because at the end of the day, it's his money at stake.

I think that cryptocurrencies at the whole are good for investing. However, you should be really careful and patient to get some profit

There are many tips and guidance thru internet that can gives you a hint or advise about in crypto currencies but my advise for you is just do what you can afford to lose so that no regrets will be happen to you.

In my opinion buying yourself a mining rig would be great even though the markets red there's still profitable coins out there that can be mined and there are plenty of options for you to mine.

Forget the Cloud mining because most of them are scam, if you have funds for investment then try to divide it different coins to reduce risk. Do your own research first before investing and if you still not really sure which token to buy then try to start investing on those top 10 coins in the market because they had a lot of potential to grow in the future.

Trading with your money and spend a little money to create your own portfolios for long term investment is the best thing. If you are wanna creating your own mining and you must consider about how much ROI and remember the difficulty is always increase dude. I guess you have understood about this. It's not profitable for a new miners

I believe that this current bear market will soon recover and the best way to profit is to do day trading.  Buying cryptos this time is still an opportunity because price value are quite low.  Once market had pump again,  then you will have sell it and earn the profit. Don't wait until the market to drops again. Hodl is good but don't make it too long if the opportunity to gain the profit is already there.

In the current situation in the market, the most profitable would be to buy good coins and hold them. Or you can take part in bounty companies. Earn crypto and wait for the market to recover. Trading is also very profitable, but you need to have a very good experience to be able to earn especially in such a bad market.

Just do not do cloud mining. Only with a lot of luck do you make profit with cloud mining. Usually people do not reach roi and lose money. That is why i would not advise it. It is best, in my opinion, to invest directly in a good coin. But everyone has to know what he does and you should certainly inform in advance.

Just buy crypto's in any reputable trading exchange is the best way to obtain crypto's, as far as I know. Cloud Mining? - No, there are so many cloud mining scam's out there.

Again, as I have said, I buy crypto then I do some trades, however its hard to make profits today because of the worsening market conditions so If I'm in your coins I will buy coins and will just hold on it.

Cloud mining - no it's not worth it.
Trading with your money - I always advise this to everyone if they want to earn much. There's always opportunity with it but you need to gain experience and have the proper timing when to buy and sell.
Buying and holding - good for those folks that don't want to spend time in day trading.
Buying mining rig - it's good if your place has a good temperature and your electricity isn't costly.

Out of the few options, cloud mining is not advisable because you usually take long term to break even. You are better off buying the coin for holding or mining if it is profitable for you.

All that has been mentioned is good, but you should choose the one that is most convenient for you. I think those who do not have any other work that might keep them so busy, can venture into any form of mining, since it does not require one being online in person at all times, but for trading, which i feel is the most lucrative, requires a lot of time and skill and techniques.

Thanks folks

Cloud mining, nope. Forget about it.
Buying a mining rig, it depends on what kind of mining rig you are talking about. If you want to mine altcoins, I'm afraid it's not so profitable these days. But it might be good to learn how mining works.
The third option, buying and holding I would say is the best. Especially with the current low BTC prices, it could be a really good investment. The whales seem to driving the price of bitcoin down so the big players may accumulate more BTC. It's a good chance to buy cheap.
You may also try to buy some promising altcoins, but there is a substantial risk involved in doing that.
Don't take my word, however, do your own due diligence.
Good luck, whatever option you choose, because you can never know with 100% certainty if you have chosen well.  

I think there is an easy way to go about it, just be calm and positive, go striaght up to the drawing board.
Do your own research
Find out if the electricity in your country can afford you to buy a mining rig
find out if the interner access in your country can afford you to buy and sell (trade) or you resign to buy hodl and sell

With there being so many options out there for obtaining cryptocurrency what do you think is the best? Would it be Cloud mining, trading with your own money, just buying and holding, spending the 2,000 plus dollars and buying a mining rig, I'm completely ignorant when it comes to these things and would love to know some insight from people who deal with this constantly. Thank you very much