Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE - page 13. (Read 6031 times)

When it comes to altcoins, things don't only depend on being smart, but also the willingness to take that extra bit of risk. It's no secret that the far majority of the altcoins are blatant copy and paste coins adding absolutely nothing. How do you expect people to diversify in 'good' projects while 95% of the market is filled with these garbage scam coins just thriving on pump and dumps to gain attention. There are just a very few coins that actually solve a problem and at the same time worthy of investing in with a long term perspective.

You really have a lot of point there and most especially trying to invest in some coins that are so undervalued right now with some huge potential to give something big in the long run. It is not all about going all in.

The truth is that for someone who could have just put about 200USD into Ethereum early this year, would have been worth about $9000 just before the end of this year already. It is about being smart and trying as much as possible to diversify into some good projects.

right now ETH mining is not profitable (from the time f ROI and the power consumption) my advice is if you want to miningin cryptocurrencies try to mining monero its a good one and have a shorter ROI than ETHEREUM

Hi, I’m Helen, PMM at BANKEX company.
Our Token Sale begins tomorrow/sale is live - don’t miss it!💰

Why join BANKEX Token Sale?

Top 50 FinTech company worldwide

Top 6 most anticipated Token Sale 2017

Developers world's first working Plasma-like protocol

Supported by Microsoft Azure, Enterprise Ethereum Alliance, ConsenSys Formation Balanc3, and many more


Sign up for Token Sale: https://bankex.com/

Talk to the team: https://t.me/bankex


📆 Start date: November 28

📆 End date: December 28

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.

Nearly everything that people do is based on greed. Important factor is the massive growth of this year, and that's something they try to recreate even at this point.

In order to compensate for not having invested sooner, they will go all in to book larger gains, or at least, that's what they are hoping for. It's basically similar to what happens when people lose with gambling

In order to win back what they lost (in this case earn profits that they missed out on), they go big and bet their entire capital/savings on a potentially good outcome. These people are mentally unstable, and a danger to themselves.

I failed mining  because of those cloud mining. But if would really invest your own tech to mine, their is a high chance that you would actually get profit than mining or any other investments in the market. You just have find the good coins and the right tech for each of them.

Most people who started out mining and failed are those who really did not do some feasibility studies before venturing into mining. Mining is not for everyone and as much as it pays some people, it does not pay some.

Moreover, how will someone put all their savings into an investment they know nothing about because I would not expect OP to be asking this question if he actually knows one or two things about mining. I would rather just take part of it and buy into bitcoin and hold or just learn how to trade instead.

I will suggest you not to invest all your savings in bitcoin because the price of bitcoin is so volatile and it may dropped to the lowest level and you may lose your investment. Invest some of your savings and keep the rest in your bank accounts for day to day life expenditures so you will be mentally relaxed and when the price grow more and more you can also invest your earnings in bitcoin to increase your profit ratio.

The specification you mentioned is enough to purchase the antminer series hardware so you can directly have the ASIC miners to start the mining earning in the bitcoin platform. There are many videos also available in the Youtube about ASIC mining process that will be enough to learn the mining as well.

L3+ and antminer s9 are the best miners being used in the many mining farm. You will be able to get the 500 USD atleast with these single rig. If you able to afford for multiple hardwares you please purchase the multiple cards.

actually you only need to buy new computer with good specification like asrock btc mobo, 4-8 gb of ram, ssd hard drive or physic hardware and I think 1 terabyte is enough, vga card like r9 or high-end vga, pure power supply 1000watt. but unfortunately I don't know how much the price and I think you can visit amazon or ebay to see the price. the important thing vga card hardware you need to buy is the high end hardware because with this hardware you can expecting to mining a lot of coins although to mining bitcoin is really difficult. or if you don't want to get trouble, you only need to buy hardware like D3 or L3 and then you need to connect the hardware with your pc and then the hardware will work by itself.

Life Savings. Hmm. This is serious stuff.

1. You should learn about different investment instruments available to you.
2. You should evaluate your own risk profile.
3. You should approach a investment specialist/portfolio manager
4. Don't invest in the same category of investments, spread it out, if you are investing in the same type of investment instruments. diversify within it.

You should know what you are getting yourself into, this is your money, and you just can't follow the hype, be it crypto or equity. Once you think you know what you have available at your disposal, talk to people, your friends, co workers etc. It's highly likely that they have invested in at least one type of instrument. I've been in situations where I've flown completely blind into discussions about investments. It's always good to know stuff, you can ask real questions. There are two main types of investments, fixed income and equity.  
Evaluate your own risk profile. This might be a touch hard for you, but sit down and think to yourself are you a risk taker, or a risk averse investor. Do you want to take more risks with higher rewards, do you want to take medium risks with lower rewards, or do you just want to sit back and invest in very low risk investments.
Do talk to an investment specialist, they want your money, yes, but they do know their investments. This is where your knowledge about different investment instruments would be valuable to you.
Don't put all your money in the same basket. Spread it out.  Come up with a portfolio, for example 60% in fixed income, 20% equities, 10% Government securities, 10% Crypto. Stick to it. See how you fare. Good luck.
  

I think you should buy coins instead of machinery.

It's great that you are discussing with us before making a decision! My advice for you.
Never keep in your all eggs only a pot.  We know that electric machinery do not have any guarantee! Even We can not guarantee our life! so, do not invest your all things in only one place. Always remember that "There will be profits / losses in the business.
Thank you!

It looks serious, they are right never invest all you have, earning through mining is good but you need a lot of money for that as well as skills.
I guess you should study first mining and put your life savings to bitcoin, bitcoin is a good investment.

First you don't know anything about how is the mining works, you better learn it first before buy the mining tools/hardware. If you still not sure don't spend all your life savings into it. If I were you, I prefer invest my life savings into a good ICO that have a good future. It's more worth it.

Hey ctuka, referral links are not allowed in the forum.

As for OP, as long as you will be profitable in mining then just invest a portion of your savings not all of your savings because we still don't know the future. Though it is looking bright right now, there may be some circumstances that might change that. There are many investment option as well like investing in stocks or in ICOs or you may want to start a traditional business. As long as you diversify your investments and spread the risk then you can do whatever is comfortable for you. Just don't invest in HYIP sites because you might lose your life savings sooner.

I suggest you think more than twice before investing your savings, there is a reason it is called life savings, you save them to save your life, it is used in times of emergency, in times of need if you do not have it as a back up, you can never have a fulfilling investment, you will always be weary. When it come to investments, make sure what you use are the extra cash that you have, since Bitcoin is volatile, once the price drops and you need cash, it will be an entire loss for you, make an educated decision first before you go to any investments, since everything is always risky, even saving.

Don't get in if you will be left with nothing. I know investing is needed but to the extent that you will be out of savings. You have to secure yourself and don't forget that investment is not what we all need. There might be some other things that you can fill with that money. But if you had decided and very serious about it, I can't do anything with it. That's your money and your decision.

LOL. Come on bro! Let me ask you one thing. If you had gone all in back in 2010, would you have been putting on that Fundcru signature you are wearing right now ?

I absolutely bet my last card that you wouldn't. Everyone knows the level of risk they can take and life sure is all about risk.

I totally understand that going all in is a very risky move to make as that tends to be centered on greed which can make one lose all, which is better to set some money aside, no matter how little, just in case the unspeakable happens. But really, sometimes, I normally wish I had gone all into bitcoin back in 2010 when I got to know about Bitcoin.