Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
I would wait a little longer before investing If I were you OP because many of the coins in the market is overpriced IMO. you should just wait for things to go down in price before ever investing in them. It would also be good to buy your own setup and mine yourself rather than cloudmining because cloudmining is not that reliable since these type of sites always ends up as scam. Even if you dont profit on a coin, you can still profit from another via mining so it would be very profitable to invest in mining with your own setup. With a 1000$ im sure you can set up a good equipment to use for mining. 
Topic: I want to invest 1000 USD into crypto - page 8. (Read 2967 times)
Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
$1000 is very big amount of money. I think you should invest it in the trading because for sure you can generate big amount of profits in trading. There are many altcoins nowadays that are really full of potential in the market and it is good for investments. 
Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
Maybe you should make more research and try to know what’s happening in the bitcoin platform before investing, cause I believe there is likely to be a split on November. So if you are planning to invest by buying bitcoin, you have to chill first and wait till after November, and don’t ever invest in cloud mining. 
Welcome in crypto. As a trader, i want to say invest on crypto. You can buy some good coin with good future.For this just create an account on bittrex or poloniex or any good exchange platfrom and buy your desire coin.try to buy two or more coin.don't put all of your money in one eggs.its so risky because you can lost all of your money for that.Before buy a coin do your own research.I am suggesting you for buy Waves,ETH, & XMR.
Crypto trading is good but at the present time why not invest 1000USD directly in bitcoins. The bitcoin value is near 4600$ and it will soon reach out to 5000$ + and currently it is best investment. Currently all the alts are down and we cannot say when they will again begin to rise. I dont see them rise again unless the BTC price stabilizes.
It takes more than 1k to start mining and make it worth it. I would recommend you learn to trade. Invest your 1k and start trading. Then when you make enough, maybe buy a mining rig then.
Now is an excellent time to invest in the crypto currency. The price of almost all alternative coins and bitcoin went down. And this means that soon we will rise again.
I would recommend that you divide the amount into equal parts and purchase the most popular alternative coins.
I would recommend that you divide the amount into equal parts and purchase the most popular alternative coins.
Welcome in crypto. As a trader, i want to say invest on crypto. You can buy some good coin with good future.For this just create an account on bittrex or poloniex or any good exchange platfrom and buy your desire coin.try to buy two or more coin.don't put all of your money in one eggs.its so risky because you can lost all of your money for that.Before buy a coin do your own research.I am suggesting you for buy Waves,ETH, & XMR.
Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
Among the three options you mentioned, I believe buying cryptocurrencies is most feasible one.
The 99.99% of cloud mining sites are scam and rest 0.01% are nothing more than long-term investment platform while $1000 is too low for mining and it may not be remunerative.
Now coming to best coins. While don't invest on others recommendation, do your own study and choose the ones you think best. But keep in mind, don't go for small cap coins
Mining and investing into some cloudmining services, no... Investing some larger sum of money in bitcoin, maybe. But if I were to invest into bitcoin I'd be doing it maybe 50% now since the price has corrected a little and the next 50% in november (btw you'd probably earn something untill the end of october with the price rising). Also, investing in ETH is not a bad idea at all and I'm thinking of taking a loan from the bank to invest in ETH.
The best way to invest in cryptocurrency is divide your funds like 70:30 to buy bitcoin and ethereum right now. Current price of these coins still on the dips and will be rise again in this month, if you can wait at least few weeks, you can make another $1000.
I won't recommend to build your own mining rig as you will need more than $5000 to start and there's no guarantee you can make profits. And do not invest on cloud mining due to they offer long time taround 4-8 months to get ROI.
I won't recommend to build your own mining rig as you will need more than $5000 to start and there's no guarantee you can make profits. And do not invest on cloud mining due to they offer long time taround 4-8 months to get ROI.
Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
Never spend Money on cloud mining lies, they're totally scammers. They never do mining. If you wanna start mining, you need bigger capital. Instead, directly buy coins from exchanger web sites. This is more guaranteed for you if you're long run player.
If you're in China you might attempt to mine but otherwise, just buy the coin and hold. If you're not comfortable sitting on your bitcoins, just take a part of it and trade that. There at least you might be able to add a few more µBTC per trade.
Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
If you do mean about bitcoin mining then that amount of yours wont really be sufficient enough knowing that price of asic miners are expensive but somehow it would be possible on mining some altcoin which you can possibly able to buy some gpu rigs.If you arent knowledgeable on mining field then better to purchase that amount on some potential alts than hassling yourself. 
Good question. Given the amount of money you have to invest I would suggest instead to purchase the cryptocurrencies that you think have LT potential (BTC, ETH, OMG, etc.) and sprinkle small amounts into smaller speculative plays to get larger potential payouts short term (IOC, XZC, etc.) just as a few examples not recommendations.Right now Bitcoin and other cryptos are going up as much as 200% per week. You want to own the coins and get them as quickly as possible.You should forget about mining all together and just use that $1000 to buy Bitcoin and other cryptos instead. You waste a lot of money buying equipment or waiting for coins when mining. 
Since your funds are low to invest in a lower value currency like Ethereum, I would also like to recommend that You should practice Investing with that currency or other currencies with lowest cost before you tackle on to bitcoin. Today due to the volatile behaviour of Bitcoin you can easily gain good returns comparing to other products just by holding it for few days. You aren’t going to do much trading with .24 btc.
Since your funds are low to invest in a lower value currency like Ethereum, I would also like to recommend that You should practice Investing with that currency or other currencies with lowest cost before you tackle on to bitcoin. Today due to the volatile behaviour of Bitcoin you can easily gain good returns comparing to other products just by holding it for few days. You aren’t going to do much trading with .24 btc.
With only 1k in your pocket the best way to invest on bitcoin is just buying it. Do not even think about cloud mining.
Also to make such investment safer do not even try to speculate in bitcoin on exchanges, buy tokens or altcoins. Just buy bitcoin (not any other crypto) and forget about it for the next year (or even more). Do not even read any cryptonews, that will save your nerves and prevent panic selling.
Also to make such investment safer do not even try to speculate in bitcoin on exchanges, buy tokens or altcoins. Just buy bitcoin (not any other crypto) and forget about it for the next year (or even more). Do not even read any cryptonews, that will save your nerves and prevent panic selling.
Don't invest it in only 1 coin, for you to have a less risk investing in different coins is the safest choice. Its not that I hate bitcoin or something but as of now the value is static so I do not recommend it but for long term then its profitable then, I would recommend only ETH since it's getting some interest over investors.
Take the opportunity you have right now.
At the moment the market is shaken.
If you really want to invest into crypto currencies, I can not think of a much better opportunity to buy coins than you have right now.
Maybe you can even consider to buy some altcoins and retrade them later against bitcoin once they have recovered.
At the moment the market is shaken.
If you really want to invest into crypto currencies, I can not think of a much better opportunity to buy coins than you have right now.
Maybe you can even consider to buy some altcoins and retrade them later against bitcoin once they have recovered.
Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
That is surely a huge amount of money. You may want to invest that to Bitcoin since its value is continuously rising. Also its market demand and market value are way high compared to other coins. If you'll invest that amount of money to Bitcoin, assured and big profit will be on its way for you. And investing to Bitcoin will be a good idea especially if you want to earn huge profit from your investments. 
Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
If you want to start mining, then you should order some Miners and start mining, but for a noob I would advise first study about what you are going to start and then put your money in it as you can easily loose that money. And if you want to buy crypto then from a general prospective just buy and hold bitcoins only for now, or maybe start trading with those after gaining more experience.
I think you should invest half of your amount in Bitcoin and other half in ethereum. You can expect a profit in near future without any doubt since both coins are very progressive.
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