Let me give you some solid investment advice: only invest in things you know about. Asking others for investment advice is already a bad start, but if you do that at least do it with money you can afford to lose.
That being said some people have a high risk tolerance (gamblers for instance) so I'll give my views regarding this space. First, I'd say this space has the most opportunities, but that doesn't necessarily mean it's the best place to invest, if you're not a professional investor. The best way to invest here is with your own time and energy. Take time to learn all you can because knowledge itself is valuable. If you have skills invest those too. Investing in the form of your own equity stake in what's going on here is probably the best investment approach and can be done many ways.
As to the question of mining equipment or coins I'd say mining hands down. Coins are too volatile, even Bitcoin, and often require the ability to hold for long periods through downturns. Mining OTOH has different dynamics and you can sell your equipment at the least if/when things fall apart (except asics of course).
That being said some people have a high risk tolerance (gamblers for instance) so I'll give my views regarding this space. First, I'd say this space has the most opportunities, but that doesn't necessarily mean it's the best place to invest, if you're not a professional investor. The best way to invest here is with your own time and energy. Take time to learn all you can because knowledge itself is valuable. If you have skills invest those too. Investing in the form of your own equity stake in what's going on here is probably the best investment approach and can be done many ways.
As to the question of mining equipment or coins I'd say mining hands down. Coins are too volatile, even Bitcoin, and often require the ability to hold for long periods through downturns. Mining OTOH has different dynamics and you can sell your equipment at the least if/when things fall apart (except asics of course).
Great advices :
- Do not invest in things you don't understand
- Do not invest in ASIC Bitcoin mining
I am keeping 100% of my wealth in crypto-currencies but it's been over a year I am into this and I am spending all my time on this forum to get more knowledge everyday.
Knowledge is the key in crypto-currencies, you can make huge profit like you can't imagine but you need to spend all your time getting informations.
