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Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE - page 11. (Read 6030 times)

member
Activity: 314
Merit: 11
I would say you should never invest all your saving in something that could be perceived as gambling (in the sense you never know what could happen in the future with cryptocurrencies)...
legendary
Activity: 1526
Merit: 1001
Invest in crypto,
jr. member
Activity: 546
Merit: 1
For me on my own i think much better to invest you a bitcoin because it could be triple you get..and have more income to come than to save your money in bank ..
full member
Activity: 143
Merit: 120
I'm not sure why everyone is saying don't mine, cause even if everything goes wrong u can still sell your cards and get back 60%~ of money. I would strongly advice you to invest into mining, you dont have to mine ETH or BTC, you can mine ZEC aswell, or like 1 week ago electroneum was super good to mine. There is always going to be something to mine and once u get ur ROI, after that its all profit. Personally I like mining more cause it's safer, again its my personal preference. Good luck !
full member
Activity: 252
Merit: 105
Stake & Vote or Become a IoTeX Delegate!
I think you shouldn't invest all your life saving in mining cause at the moment it's really hard to earn good profit everyday by mining cause the mining difficulty of both ETH and BTC are really high at the moment and they'll keep increasing day by day so invest in mining is not a good idea. Maybe you should take a look at invest in BTC or ETH only, spend a little of your life saving money to buy some ETH or BTC and you just need to hold it for years or few months if you want Cheesy
full member
Activity: 294
Merit: 101
Streamity Decentralized cryptocurrency exchange
Invest here in bitcoin is good but why life savings?,i think don't invest like that because life is important than anything in the world so you need to risk here in crypto but not risk your life.Try to invest only just a little like 0.005 btc because when i start here i only invest like this and i already earn in that even it just a little,It's only $25 so life is not needed here in crypto to earn money and for secure and assurance of your life,i think also try some faucets here first then invest your earnings there for not taking risk here to earn or try also to invest in gambling site or try to read a lot of airdrop and join in that for free coin
full member
Activity: 193
Merit: 100
Friendly advise.
Never go full retard.
which means- never invest everything you have.

Eth mining currently has a long ROI. bitcoin mining- S9 costs around 1500 usd from the manufacturer. also dont forget to factor in your power costs..

No mining is pretty technical for him right now. Later he will learn that. Youve better buy the top cryptocurrencies and hold it for a long term. I can assure you that it is a pretty good investment.

Never forget to invest also in real world properties because mostly real states are the physical things that you can use in everyday life.

Business is a pretty good choice and learn how to trade and Mine if you have poaitive cash flows. There are so many investments nowadays. If I have a life saving I will go full all in at BTC at the moment.
hero member
Activity: 686
Merit: 500
Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley
I would say that it would be better for you to buy bitcoins with half of your investment and remaining amount in mining.First ensure that cheap electricity is available in your area for more profits.Ethereum could be mined with even GPU systems.You should buy ASIC miners for mining bitcoins as its not as easy as before now.China is the leading manufacturer of ASIC miners at low price.Bitmain is the leading manufacturer there.By this way,you cold enjoy income from both holding and mining bitcoins.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
Hello,

I will advise you to never invest something you are not ready to loose.

Try with some smaller budget, learn from mistakes and then invest something more.

Investing life saving sounds pretty risky and dramatic to me Smiley

So true because some beginners want a sure and big profit so they tend to invest big without thinking that they might also loss big. Starting with small then just add little by little until you fully manage what you're doing. Using your life saving isn't a wise move and just use your extra money for investing.
member
Activity: 686
Merit: 26
★777Coin.com★ Fun BTC Casino!
Hello,

I will advise you to never invest something you are not ready to loose.

Try with some smaller budget, learn from mistakes and then invest something more.

Investing life saving sounds pretty risky and dramatic to me Smiley

I was thought this by my professors that always first save and then invest only in such things which you understand. Also ensure that you divide and invest in several things and not in one thing. Though at present investing in btc is very lucrative but going by the principles it is important to only invest a certain % in cypto currency.
newbie
Activity: 49
Merit: 0
Hello,

I will advise you to never invest something you are not ready to loose.

Try with some smaller budget, learn from mistakes and then invest something more.

Investing life saving sounds pretty risky and dramatic to me Smiley
full member
Activity: 363
Merit: 101
Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley

I think you should take your time and think about what you are going to do. It is clear that you are new to mining and don't have enough experience.

At least don't invest all your money, you can start with a small amount and if every thing goes well you can invest more.
I hope we will hear good news about your mining experience in the near future.
Mining is really good when you understand how you can set up a good rig and what to mine. Once you are able to get back your return on investment, then the rest is just plain profit for as long as you want to keep mining. However, I have always personally have a thing for trading right from the start and luckily, bitcoin gave me the chance to make the best out of crypto trading which can be more profitable than mining if you are good at what you do.
member
Activity: 296
Merit: 13
I do understand your eagerness to throw everything you have into investing believing that you will get a big profit in return.  Everybody says that there is a risk in everything,  and so with this.  You are saying it is your life savings,  so I think it is best to invest only atleast half of what you have and then wait for it to gow,  surely you will get good income which  can be added to your capital.  But still you are on safe side,  having left some savings for other important things for your self and family.





newbie
Activity: 52
Merit: 0
don't go all in.  It may make you some profit at first, but the market may have a major fall and you'll be left with pennies.
member
Activity: 331
Merit: 13
One more thing, consider everything you read here as recommendations, not advice you have to follow. Remember, you'll bear the full responsibility.
Waves and Ethereum are two coin I think have grer potential in 2018.
legendary
Activity: 1288
Merit: 1036
I think to devide the investment is the best advice anyone can give, I’m a bitcoin users and altcoin believers at the same time. We know how hard to earn bitcoin and the price is so highly to buy some but altcoin is much cheaper and much easier to earn if giving some effort to do so. Take this advice as a reminder that open your mind in every option that is available and don’t look for one but all profitable coins.
Diversifying is really good and with that at least, you can get some good amount in value later on if you are at least saving for the long run. All the above, I won’t suggest going all in as the OP wants to do. That is a whole lot of risk to swallow at once. We may be optimistic now with the crypto world booming, but anything can happen and unless OP understands that risk and is willing to go ahead all the same, then that would be his own call.
full member
Activity: 182
Merit: 100
You yourself told that it is your life saving and you want to invest. As you are a Newbie still need some time in this forum to understand what is cryptocurreny and its importance and what is the role of Bitcoin in this world and what are the benefits you will get. After that my suggestion is invest in Bitcoin 50% only and hold for few months and understand the benefits practically and if any correction took place in bitcoin you buy more with the rest of saved amount so that you should be 100% secure your investment.

If you see the track record of bitcoin performance the rate is proven that all time favourate investment for best returns is bitcoin it is practically proven and thus the bitcoin rate is booming day by day.
legendary
Activity: 1386
Merit: 1058
Just invest it in crypto, but generally stick to those that are real like bitcoins, ethereum and the like. Don't go spending it on scammy ones that come and go. Stop looking at those fly by night ICOs. Do your due diligence before you even send your life's savings and you lose on that investment. Right now it's pretty hard to determine which investments are pretty good from those shitty ones so just be extremely careful.
There are so many alts that are undervalued right now and only if people can do some research to find them. Waves is one of them and in a short while I won’t be surprised if it ends up having the same boost Ethereum had this year in coming years. Not just waves, there are so many alts and even upcoming ICOs and it is all about being smart.

Like someone rightly tells me, you do not have to work hard; you just have to work smart. I would not consider investing life savings into being smart though as you also have to consider all the risks involved.

I would have to agree its not just those huge altcoins that has the potential, you gotta have the time to research each of them. If you can pick the ones with better project and team, you can exponentially profit than you thought. If I have the money, I probably would buy the cheapest ones but have the best technology. Some of them might just be ADA which I already have some, IOTA and EIDOO a good wallet with their exchange.
IOTA has really been a coin I have always looked forward to it getting huge in the future and so far it has really blown far beyond what I have been expecting and it is still growing. That is one way to invest into a coin with prospect and hope for the best.

Not all coin will survive but there are just some coins that you should not just miss investing in them for the long run. I am having a really good time with IOTA now, after taking the opportunity to buy so much at the dip.
hero member
Activity: 910
Merit: 512
Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley
Look spend everything you have on something you have not yet mastered 100% and a very dangerous thing, this is usually done by desperate people. But if you want to take this risk I would point you to the new s9, if you find it for good value you can make lots of money with it.

Unlike the S8 it consumes much less energy and the gains are much better than its previous models. Today she must be going from about 1000 dollars to about 3000 thousand dollars, try to buy her within that margin so she does not lose.
hero member
Activity: 1092
Merit: 523
Hello Everyone,

I need your help! I have been doing research on what hardware to buy to mine Ether and Bitcoin. I'm investing my life savings so this is really serious for me so if you can help it would mean alot. I have alot of space for equipment so that wont be a problem. I need help figuring out what equipment to buy for ether and bitcoin minning, and how much it will cost me? Any advice will be much appreciated.


Thank you
Smiley
The price of BTC today is an absurd thing. Not only in China, we can do a quantitative analysis of data for many countries and what a monthly gain of workers for a year, certainly tens if not thousands of those countries that have been surveyed will point the annual gain lower than the value of the BTC today .

If a person is aware of the functionality to do business with the currency, it can make a lot of money and break this wage paradox.
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