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Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE - page 15. (Read 6030 times)

legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
I think it would be more profitable for you to buy directly bitcoin or other solid coin like STRATIS which has a great growth potential. Mining is profitable as well but it takes more work,maintenance and costs.
member
Activity: 154
Merit: 10
In my opinion, Crypto investment is sort of too volatile for that kind of money. I would suggest you to diversify, 40% property, 50% Gold, 10% crypto. once you do well with crypto then later you can readjust accordingly. Never put all eggs in 1 basket. Buy low sell high. Don't go panicking with fear and greed attitude. stay cool. I am newbie too but I have made quite good progress/profits.
full member
Activity: 154
Merit: 100
I would invest in networking now and then in something you'll find from networking... I'm going for this purpose to the BlockShow conference at the end of November in Singapore.
hero member
Activity: 1820
Merit: 515
★777Coin.com★ Fun BTC Casino
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 suggest you to mine monero which has great potential in the future and it also give good earnings,investing on ethereum and bitcoin mining is not profitable because these mining difficulty level is very hard than mining monero coin.The best hardware to mine monero is AMD gpu maybe you can setup a rig for around $ 2000.It will give monthly profit around $300 maybe you can earn more if your country has cheap electricity.
hero member
Activity: 1246
Merit: 588
If you have the guts then simply store your life savings to a cold bitcoin wallet. You could go back to that then after years. I guess that is the safest way to invedt your money rather than entering into a more risky type of scheme in this industry which is obviously almost all of it(if it is not a scam site on the other hand it is paying too low)
hero member
Activity: 630
Merit: 500
Investing is not for you. But just buy a coin with 30% of your total money ( privacy coin, ltc, btc when if corrects)and wait 3yr. Not sexy but atleast u wont go broke. And u will make some money maybe even rich if u pick the right coin.

Good luck
Absolutely right decision. I think also buying and holding coin is more profitable who has not enough experience on mining and trading. I believe that, holding is one kind of investment. But choosing coin is more important and it is good decision that not to invest all your capital in one place.

Choosing to invest at those top coin is much better but if he knows how to trade with some current blasted alts then he might gonna earn huge with that. But he shouldn't invest his life savings for just particular things since he might gonna lose all his money if he put it on unclear invesment things. And he should remember that theirs no easy way upon investing on online matters and he should think twice or better more so that he wouldn't be broke if things will not work on his side.
sr. member
Activity: 1750
Merit: 267
Investing is not for you. But just buy a coin with 30% of your total money ( privacy coin, ltc, btc when if corrects)and wait 3yr. Not sexy but atleast u wont go broke. And u will make some money maybe even rich if u pick the right coin.

Good luck
Absolutely right decision. I think also buying and holding coin is more profitable who has not enough experience on mining and trading. I believe that, holding is one kind of investment. But choosing coin is more important and it is good decision that not to invest all your capital in one place.
sr. member
Activity: 532
Merit: 280
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
My advice to you is do not invest all your savings just get some portion of your savings for investment and continue keeping your savings safe in where you keep.

Any method of investing online is very risky almost 70% are scam and 30% are legit or simple much high percentage of loosing your capital than gaining specially here in crypto currency world they used bitcoin and other coin to achieved their target amount to scam.

Also some of the method is based on the luck of users like gambling, mining and etc. Some of miners are not lucky to get income because of luck of knowledge in that field. That is why if you can keep your money safe just do it.
full member
Activity: 126
Merit: 100
The important matter should be your life and taking that high risk for a 50/50 decision is not suicidal but stupidity. In due time researching a poison in Internet is much easier than mining a cryptocurrency because it is. Most have tried and lot of them succeed not alone but corporate. This is the best and wisest thing to do make a group who have the same aggressive towards mining that you do. In that way you can sleep at night after a failure and if you succeed you know how to do it on your own now.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
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 give you advice that you are using your life time saving, that's why i feel afraid for you, because it is your life time hardworking earning, so better for you, use your little money in bitcoin and if you see that you are able and have skills to earn from bitcoin, then invest your more money in it. Actually, i want to say that not every one could handle bitcoin easily, that's why if you are first time doing investment in bitcoin then don't invest your all life time saving. But you choose a right way to invest your money in bitcoin, now it is depend on you. 
sr. member
Activity: 1190
Merit: 256
Investimg all your life savings is not really a good idea, because it will take sometimes for your investment to multiply and if things go wrong, you will definitely not anything to fall back on, and that's messy. Try to compare the costs of rigs, hardware and electricity and also other overhead costs.
full member
Activity: 210
Merit: 117
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
If you want to invest your life savings dont loose it all invest what you can afford to loose,or maybe you can start a business atleast its risky in loosing all your money.Remember that having a saving with all your life is not easy you need to work hard to save the money you have now.
legendary
Activity: 938
Merit: 1001
Mining with bitcoin hardware has gone farthest from profiting, however ethereum mining is still somewhat profitable.
Before buying gpu rigs for ethereum and altcoin mining process, you should know if it id worth investing for you by comparing charges like electricity, hardware price etc.
Some countries have to pay high electricity fee and later it come to know that Roi is worthless.
full member
Activity: 168
Merit: 100
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

Hi TS, I think you should go around the forum first and read from the popular topics about mining and trading as cryptocurrency is too complex, many ways to earm and many ways to lose. For me it is very risky to put all your hard earned money in one basket. In investing, you should always keep in mind that you only invest what you can afford to lose. I personally believe that gpu mining has the least chance of losing all your investment as long as you bought the right hardware, like gpu for instance because you can always sell them as a secondhand item if ever you want to quit mining. Crypto currency is volatile, 1 day it is up 10% the next day its 30% down. Research on what field you want to try and set the price you can afford to lose.Best of luck.
legendary
Activity: 3500
Merit: 6981
Top Crypto Casino
Friendly advise.
Never go full retard.
Ditto.

There was just a thread by some dude who stated that he was contemplating ending his life over a scam transaction that was less than a whole BTC.  And the first thing I thought was that this lying, attention-seeking cretin had invested way more money than he should have.  Anyone giving financial advice would tell you that if you don't have any savings and/or are living paycheck to paycheck, you shouldn't be making investments.  Especially not in something as volatile as bitcoin, because you'll be vomiting if the market crashes 50% or more in a single day.  Sane people wouldn't be able to handle that. 

So either start small or wait until you have about 6 months' living expenses saved up before investing in crypto.  Definitely don't go all-in.  That would be bad for anyone, even people with significant sums of money.  Yes, a lot of people have made money in the past 8 years with bitcoin, but there are no guarantees.
sr. member
Activity: 784
Merit: 262
AZBI NETWORK - Multichain system
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..
investing equally by giving up what we have,
we should not be willing to make an investment if we can not let the money disappear.
because investment is the same as gambling.
if we do not choose wrong profits will be ours
but this could be otherwise
hero member
Activity: 1834
Merit: 523
Invest only you can afford to lose because many people want to mine are failed because we don't know how mining will run .
Make a research what miner is good for ethereum and bitcoin because I cant start mining when Started in bitcoin world.
legendary
Activity: 1414
Merit: 1039
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

Why not do more research into stocks and put your money into there? If I was working with my life savings, I would want to put my money into a system with less volatility. Bitcoin and altcoins are fairly volatile; they're not a game to be playing around with when you put the upwards of your life savings into. If you do some good research into stocks, you might be able to make a safer long term profit.
legendary
Activity: 3122
Merit: 1398
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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

If you are really serious to risks your life savings then start a business that can give you continous earnings on regular basis that will take you on long term. Earned and saved money to the point that you have an extra ammos for misc things.

Consider entering mining world once you are sure now that even you will loss on mining, you still have other sources. It's a bit of a suicide if you will invest your savings to the things you are dumb about.
sr. member
Activity: 465
Merit: 252
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

Where are you located? If your in Canada I can provide personal assistance. I have helped many get started, within a safe budget of course.
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