Topic: If you had $50,000 to invest into mining, or coins... - page 6. (Read 2420 times)
If I have that huge amount to invest then without thinking much I will prefer to invest majority of my money in bitcoins and hold it for long term and rest I will diversify in different coins like ETH, Waves, XRP and XMR which has potential to go much higher in future.
i think i would invest almost everything in crypto , and buy 1 or 2 ASICS...
there are coins that worth the investment
but its only if you are really able to spend 50,000$...
its psychological thing
not because are going to lose this money
its because you need to hold and be patient.. and if this money is too important to you, you can not hodl . .. .
there are coins that worth the investment
but its only if you are really able to spend 50,000$...
its psychological thing
not because are going to lose this money
its because you need to hold and be patient.. and if this money is too important to you, you can not hodl . .. .
That's big money dude. I will probably put 50% of the money in to my wallet in the form of bitcoin. This is because I don't want to be complete loss with that kind of money. Saving this for cold storage would be ideal as my money will still grow and it would be my back up money in long run.
Rest of the amount is still bug and I will choose ASICS rather than gpu. The gpu are getting costly and you will need lot of them to cover the block problem solving capacity. With ASICS you will get the power and the money that you investing a lot to maintain at lest 10 units. That would be great rig to start with. From the profits you can buy more and keep multiplying your rig to have great profits in the future.
Rest of the amount is still bug and I will choose ASICS rather than gpu. The gpu are getting costly and you will need lot of them to cover the block problem solving capacity. With ASICS you will get the power and the money that you investing a lot to maintain at lest 10 units. That would be great rig to start with. From the profits you can buy more and keep multiplying your rig to have great profits in the future.
If you had $50,000 to invest into mining, or coins...
Would you GPU Mine, or buy Asics?
What percentage would you put into altcoins?
I'm curious to see how others would spread their money.
For me, I would probably start with half GPU mining, half Asics. I'm new though so I'm not sure what is best if I had that type of money.
Would you GPU Mine, or buy Asics?
What percentage would you put into altcoins?
I'm curious to see how others would spread their money.
For me, I would probably start with half GPU mining, half Asics. I'm new though so I'm not sure what is best if I had that type of money.
$50,000 is too big for an investment and I'm going to be wiser for spending that money. I'm always looking for positive results and though the difficulty in mining with GPU's and asics are even higher today. I'm going to focus with trading on this thing but I'll still mine. I'm going to build 2-4 GPU rigs on this money and will certainly buy a lot of ETH and bitcoins. Trading has less maintenance unlike mining though it's also profitable.
For me I would diversify it 3 ways. No. 1 Buy ASIC's along with GPU to mine other alts. 2. Also I would pick some new alts that have yet to be shilled or have proven track record of more than 2 plus years and are in consolidation zones.
Before you think of going into mining, I will gladly urge you to go through the mining section of this forum and learn more on the present mining trend. Hopefully this can even be moved for you to mining section by the admin. Mining so far is not a child's play! However, if you want to, I'd consider ASICs instead. If I were to have such amount of cash though, mining would actually be the last thing on my mind. I will consider splitting at least about 40% of it into some altcoins with huge prospect, while I use the rest for bitcoin. Then I will consider trading at least 40% of the 60% bitcoin I purchased to earn more. Now, I am a trader, So I am speaking from the trader perspective by assuming you already know how to trade and if you don't, there are so many resources online to help you with that. Trading to me will get you the best and quickest profit in no time.
If I have such amount of money I will rather invest it in different coins and new project during ICO since I don't know much about much about mining. The problem in mining is the cost of electricity which very high in my country.
I would go for coins and would diversify the investment in multiple coins including BTC, ETH, XRP, LTC and other smaller coins.
Wish I had 50,000 to invest and I would go for it!
Wish I had 50,000 to invest and I would go for it!
If you are an experienced trader, then trading is significantly better for returns. If you dont know how to trade (never done it outside of crypto or only been trading in crypto less than a year) then go for mining as its guaranteed long term gains.
The best solution in this case would be to buy good old bitcoin and simply wait for a couple of years till the investment is about twice as big. Really, I wouldn't go for mining, because it requires a lot of your attention and knowledge, plus there's quite a risk of the things getting broken even before you can get your money back from mining. Moreover, the extremely high bills for electricity will result in unneeded attention of the governmental institutions to your business.
As for me I'd prefer put money in a long term investment in BTC, ETH, NEM.
With a lower capital, I've done both.
Mining has lesser risk (hardware failure) but is slow and steady income. Pro-Predictable results Con-Longer ROI
Trading/holding coins are high risk but gives immediate profit.
Mining has lesser risk (hardware failure) but is slow and steady income. Pro-Predictable results Con-Longer ROI
Trading/holding coins are high risk but gives immediate profit.
I will choose mining because it is safer than trading and you should know that there are many bad currencies that can cause you huge losses.
I would say definitely investing. If you have $50,000 to invest then you have the time to learn about the different coins, and watch closely to buy and sell.
Mining while might be perceived as safer, its actually not. Sure coin prices fluctuate a lot, but the overall trend for mining at all times is a downward spiral. While getting more people buying a coin makes the price go up. Having more and more people jumping into mining actually makes the profitability fall. IE Difficulty rises.
If you do go the mining route. At the very least find a coin that doesn't have ASIC's yet. While ASIC's are the best for mining, it's also the easiest entry point, which also makes it the ones with the most competition, and every few months it seems some company is releasing a new ASIC that totally destroys the hashrate of the older miners making them essentially paperweights.
Mining while might be perceived as safer, its actually not. Sure coin prices fluctuate a lot, but the overall trend for mining at all times is a downward spiral. While getting more people buying a coin makes the price go up. Having more and more people jumping into mining actually makes the profitability fall. IE Difficulty rises.
If you do go the mining route. At the very least find a coin that doesn't have ASIC's yet. While ASIC's are the best for mining, it's also the easiest entry point, which also makes it the ones with the most competition, and every few months it seems some company is releasing a new ASIC that totally destroys the hashrate of the older miners making them essentially paperweights.
I am not comfortable with mining as well the equipment to buy and set up and final return is very slow if investing 50000$ I could invest on promising Ico and som altcoin trading before put my hard earn money will do lots of research atleast for a week.
Mining requires some experience, not anyone can just buy rigs and sit back and mine you need to know how to run the software etc. Investing is easier since you simply have a wallet and put your coins in them and sit back. That also takes some educating since you need to becareful where you put your money, not all coins are bound to shoot to the moon, most of them flop.
i'd take the top 10 coins and spread it evenly with eth, lite, and btc being a heavier majority % of the portfolio.
If you choose mining, you have to search a lot otherwise you can not manage it. You can buy 20-30 gpu mining rigs (6 gpu each). You need to find cheap electricity proper room and proper cooling method.
If we have $50k worth of money then splitting them into various options would be the best thing to do as they say never invest all of your money into a single entity. So i would probably buy some rigs and start up with mining. I won't mine BTC as it is not cost efficient, so may be altcoins would be the best choice to mine. Then I will invest some of the money into altcoins and the rest in Bitcoin. I will also keep 20% of the amount in fiat as it will be needed at some of time in future to invest further into the investment.
Not really sure what I would do with all that money but please dont put all your eggs in one basket.
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