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Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE - page 4. (Read 6030 times)

hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky) Undecided Undecided

Mining may not be profitable in countries where the electricity costs per unit is high, then adding equipment, space etc may be very expensive and in between if btc values fall then you would end up in heavy losses. So better to invest in coins and balance your portfolio.


yes you are right now mining is not very profitable anymore because at this time the difficulty level of the algorithm used to solve the block also I see more difficult and certainly the electricity is too high because it will require very high power for mining machines and you know that electricity also has a very expensive cost so the results from mining are not too much and surely the profits will be very long. it's better that you do a trade that is certainly not too much money needed and the results can be too much.
hero member
Activity: 2604
Merit: 816
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It is better to stay with bitcoin only as your main investment and don't pick any altcoin if you are not sure. But you need to decide how much money you will use and don't use all of your money to invest in the cryptocurrency especially if you don't know what coin to buy. And like I said before, stick on bitcoin will be the best investment you can do right now because Bitcoin will recover and the price will rise again to the higher price. But you need to be patient and don't panic if, in the next three months, the price cannot increase.
full member
Activity: 812
Merit: 108
for my advice maybe you can buy bitcoin as one of your ways to be able to make a profit because bitcoin has a very limited total supply so it can make bitcoin prices expensive and you can get a profit.
Currently the cryptocurrency market is showing signs of recovery and the coins in the top 10 on Coinmarketcap should be more concerned as it will rise sharply as the market recovers and the risk of investment is also lower than the coin has low trading volume. Have a clear investment plan to be able to develop this market well in the long run.
sr. member
Activity: 1512
Merit: 316
As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky) Undecided Undecided

Mining may not be profitable in countries where the electricity costs per unit is high, then adding equipment, space etc may be very expensive and in between if btc values fall then you would end up in heavy losses. So better to invest in coins and balance your portfolio.
copper member
Activity: 18
Merit: 0
insteaed of invest in bitcoin. you should invest the other coin man. tha merket of bitocin now look not good for you. you may loss all your saving with this market bro Angry Angry Angry
member
Activity: 224
Merit: 12
As my friend's experience shows, it's more profitable to buy bitcoin rather to mine it. There are better ideas for investment, even outside the cryptoworld (which is now highly unstable and risky) Undecided Undecided
member
Activity: 476
Merit: 10
CAT.EX Exchange
for my advice maybe you can buy bitcoin as one of your ways to be able to make a profit because bitcoin has a very limited total supply so it can make bitcoin prices expensive and you can get a profit.
member
Activity: 785
Merit: 34
SOL.BIOKRIPT.COM
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 will adviced you not to go into investing all your lifetime savings for mining I mean there are lots of ways out there where by you can make money from Cryptocurrency without investing all your lifetime savings just like we have bounty Hunting  that's another way to make money in CRYPTO it just require your time and other related materials to get you started.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
I think you are considering good options. Both Bitcoin and Ethereum are good choice for investment that will bring you profit.
Still both these investments are risky, like every other investment you can make, so I suggest not to put all your life savings into it, leave something in fiat too.
And whatever you decide, divide your investment, don't put all eggs into just one basket thus you will diminish the risk.
newbie
Activity: 30
Merit: 0
at this time, don't buy bitcoin bro. the chart so bad. so you better choose the other coin to invest. Grin
hero member
Activity: 1204
Merit: 505
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 will advise you to further your research and think more about this and know if that’s really what you want to do. I have never done Bitcoin mining before, neither have I mined any cryptocurrency before, but I have seen a lot of people complain that mining is not profitable and that expenses you will encounter will be too much,. They said it consumes power a lot, which means you will be paying too much of electricity bills.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
I will advice you to research first before you do it properly, because in your case if you got lose that you fall down in other way you're money will go in to nothing by the way i don't bet all your money in investment that you go do not put your self down just manage it all. I will advice you to invest in Bitcoin now because I pretty sure a few days or maybe a months Bitcoin will rise up again But don't bet all you money that you had, look for your future.

Just a very simple advise , Do not invest everything in bitcoins and crypto. If you have gather good lot of money as your life earning, i will suggest you to invest some amount in digital currency and for the rest see what are other option available around you in your country to invest.
full member
Activity: 1162
Merit: 101
I would rather advise you to invest in these cryptocurrencies and possibly in others, as over time, Proof of work will decrease and the algorithm Proof of stake will be used
newbie
Activity: 94
Merit: 0
I really really hope that you did not invest your life savings into cryptocurrency, please tell me you did not! Unless you had been one of the lucky ones who bought back when the Bitcoin/cryptocurrencies were really really cheap either back in 2017 or earlier on in 2018 and managed to make good gains - in which case lucky you.
sr. member
Activity: 994
Merit: 252
Realy realy bad idea putting your life savings into 1 plan, mining is hard and expensive unless you can get free or nearly free electricity and broadband. Personally I would not put more than 20% of my savings into anything-just imagine how it will feel if you loose all you have worked so hard for for so long, By all means reinvest your profits back into crypto and with luck you will see a big capital gain.  
after learning many things about crypto and blockchain I dare to give my savings up to 30% for crypto. crypto is a modern financial technology and has many advantages over its lack, when people realize that all crypto have fantastic prices and we will regret not investing

I will suggest you not to invest all your money in one coin. Split your investment in different coins. By this way you will mentally relax because if the price of one currency falls other will recover your deficit. Putting all your money means that you are leaving other good investment options. There are some good coins apart from bitcoin. You can also invest in them.

If bitcoin  fall all other coin will also fall this is not safe at all
I suggest you not to invest all your money in cryptocurrency because it is very risky and if the price falls more you can lose your money. The best option is this that you should invest some of your money in cryptocurrency and keep the rest in your local bank account or invest in some regular business because if you lose your cryptocurrency investment there would be a safe place for you.
  This is really a foolish thinking because investing your life saving to bitcoin will save your life and it will give you best opportunities of buying coin and invest your money to bitcoin so that you will not be worry about bad days of your life as you will be prepared for it, time to change now, never follow negative thinkers just buy some bitcoin and invest your money fearlessly.
jr. member
Activity: 84
Merit: 1
The Exchange for EOS Community
I will advice you to research first before you do it properly, because in your case if you got lose that you fall down in other way you're money will go in to nothing by the way i don't bet all your money in investment that you go do not put your self down just manage it all. I will advice you to invest in Bitcoin now because I pretty sure a few days or maybe a months Bitcoin will rise up again But don't bet all you money that you had, look for your future.
This is the rules of business that you should collect all required data about the business or anything in which you want to invest your money. You may lose your money due to lack of knowledge and information about cryptocurrency. It is right that you should satisfy yourself about bitcoin and then put your money in it. it is better not to invest all your money at one time.
I will suggest you not to put all your savings in cryptocurrency, because cryptocurrency investment is very risky and you may lose your money due to fall in the price. It is much better to invest some of your money in regular business, so that if you lose your investment in crypto, your regular business will become your support for your future. It is much better idea.
full member
Activity: 308
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
You’re just trying to take a huge risk by doing that, investing your life savings? Lol, are you serious with that? 😳I can never do that, I’d rather divide that money and keep like 50% in my savings and then use the other 50% to look for what I’m going to invest in, and while investing I’m not going to invest only in Bitcoin, I will diversify and invest in like two to three things.
jr. member
Activity: 94
Merit: 2
I will advice you to research first before you do it properly, because in your case if you got lose that you fall down in other way you're money will go in to nothing by the way i don't bet all your money in investment that you go do not put your self down just manage it all. I will advice you to invest in Bitcoin now because I pretty sure a few days or maybe a months Bitcoin will rise up again But don't bet all you money that you had, look for your future.
Actually since its your life saving money so better to not to put your all money in bitcoins. Seems you're newbie and not much aware about crypto currency.
jr. member
Activity: 82
Merit: 2
if you are looking for the most appropriate investment then I can give advice to enter and buy as much bitcoin as you can, because bitcoin is the best place for investment.
You are right that bitcoin is the leading crypto and is best for investment, but I think that one should not keep all his money in bitcoin only, rather he can split his investment in different coins like Ethereum, litecoin, Ripple Liza etc. by this way he can be mentally relaxed. If the price of specific coin drops, other will cover his deficit. Therefore, it is better to buy more than one coin.
newbie
Activity: 42
Merit: 0
I will advice you to research first before you do it properly, because in your case if you got lose that you fall down in other way you're money will go in to nothing by the way i don't bet all your money in investment that you go do not put your self down just manage it all. I will advice you to invest in Bitcoin now because I pretty sure a few days or maybe a months Bitcoin will rise up again But don't bet all you money that you had, look for your future.
Start with low investment bitcoin is too much risky and i don't want you to lose your coins. Instead of asking others, you should ask yourself how much you can afford to take risk with.
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