After a month of hard work I have to pay quite a lot of things. I just got one about 200$ to invest in bitcoin. Should or should not. Please help me !
I think the title is not really clear, but I understand better now, so each month you have around of 200$ to spare each month, if you have anything important to do, you can invest in Bitcoin and trading some I'd say go for it, but keep in my mind that the money you invest can be lost this is the important rule if you think that the 200$ is better used somewhere else then don't, and always try to minimize you risks by trying things out small before going big.
If electricity is cheap or free where you live trying out experimenting with mining, of course unless your investement is in the 2K+ the return won't be worth, but the hardware you get can be resold, for example for 200€ you can get a second RX 470 which is good for 3$ a day or so if each month you add a new card you can scale pretty nicely, but this takes time and is under the usumption your electricity is free
Yes the explanation is rather ambiguous, it could mean:
1. op earns $200 every month but expenses eats them up, now he's worried and wants to start investing
2. op does not have regular income, but struggled to get $200, which he's thinking to invest amidst lots of bills.
First and foremost, the idea to start investing is a good one and interestingly, with cryptocurrency, one doesn't need so much to get started.
If op earns $200 every month, meaning he's likely to be residing in a third world country and in any such place, $200 is a lot of money. Op must have been wasting his money on frivolities and investing even a million dollars won't get things right for him, until he gets it right in his head!
If the situation is such that op just managed to raise $200 and prefers to invest same than spend it, that makes him wise! However a conducive environment is necessary for the investment to thrive, so investing the entire $200 would defeat the purpose, instead $100 should be invested in BITCOIN and the other used to take care of his vital needs! Then work harder to raise more and repeat till the size of his investment starts to bring and leave smiles on his face.
The only confusion comes from the title vs OP, if you read the OP you can understand that what he means is that he has 200$ left to invest (he refers to it by saying after paying the bills and all) but I'm not fond of the idea of him investing every penny he has to spare for a long time, he'd better keep some for himself and his hobbies.
