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Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE - page 6. (Read 6030 times)

jr. member
Activity: 76
Merit: 1
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.
You are going to invest all your money in cryptocurrency. It is good but I will suggest you to invest in different coins like bitcoin, Ethereum, litecoin and Ripple etc. there are thousands of coins in the market but you should only invest in top 5 currencies, because there are many scams in this world. You should be careful while investing your money.
jr. member
Activity: 92
Merit: 3
In my Humble opinion don't  put all your life saving in one investment.  Try to invest the 30% in cryptocurrency and seek good advisor. Keep the 40%  for yourself, you must treat yourself because you work hard for it and the 30% remaining  I suggest that you should also invest it in a physical  business  not in cryptocurrency.  Believe me.
I like your suggestions. I think nobody should invest all his money in one place. Anything could be happen. The investment options you have given is good. 30% for bitcoin investment and the rest should be in cash in local banks because if you need money, you would be able to withdraw your money from banks but not from cryptocurrency because it is not easily cashable.
hero member
Activity: 1596
Merit: 502
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

yes you are right if the price of bitcoin falls then the price of some other altcoins will also fall, but at least we know everything if bitcoin has a very limited total supply and very high demand making bitcoin very difficult to fall again. so it doesn't hurt to try investing in bitcoin.
newbie
Activity: 81
Merit: 0
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
jr. member
Activity: 58
Merit: 2
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.
newbie
Activity: 81
Merit: 0
Tip Don't invest in crypto with your life saving.
full member
Activity: 1008
Merit: 101
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 think 30% is enough to invest in cryptocurrency because you still save the other money for your daily needs and I think this can work well for you especially if suddenly, all of your coins are getting an increase so you can make a big profit. and from 30% of the investing, you can diversify to many coins and you can buy a lot of amount from each coin and I am sure that it will give you a nice profit in the future.
Well if I was at your place I must invest more than 50% than 30% because I am sure investing my money will never disappoint me but it will give me huge amount of profit and with the passage of time my income will get bigger day by day, I suggest you not to think even twice before investing your life saving to bitcoin, spare only 30% for our daily needs because other investment will make money for you so fast.
member
Activity: 350
Merit: 10
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
Yup it is really new things which is full of benefits, after some months price of bitcoin will be very high and those who are for now not investing and waiting for it to be low will cry then because then price will be very high it will be out of reach so better if you have money try to buy right now and never wait anymore because it will increase your profit for investing right now.
Yes you are lucky if you have thinking about to invest your money to bitcoin because I have seen a lot of people who are now sad because of waiting and not investing money with bitcoin, price of bitcoin get high and low so better to buy when it is low and sell when it is high, if you are investing your saving it will make your future brighter, so invest now and no need to wait anymore.
I will suggest you not to invest all your money in cryptocurrency especially in bitcoin because the price of bitcoin is not guaranteed. If the price falls more you will lose your investment. It is better to split your investment in different currencies. By this way you will be mentally relaxed and hope that you will make some money in the future, but still keep some cash out invest in regular business.
Yeah it is a terrible mistake to invest all the money that you have in cryptocurrencies especially when you do not know what you're doing, this is a mistake that a lot of people make because they are excited about the possibility of investing in cryptocurrencies and making a lot of money with them but unfortunately the excitement very rapidly turns into disappointment when they lose money.
jr. member
Activity: 80
Merit: 2
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
Yup it is really new things which is full of benefits, after some months price of bitcoin will be very high and those who are for now not investing and waiting for it to be low will cry then because then price will be very high it will be out of reach so better if you have money try to buy right now and never wait anymore because it will increase your profit for investing right now.
Yes you are lucky if you have thinking about to invest your money to bitcoin because I have seen a lot of people who are now sad because of waiting and not investing money with bitcoin, price of bitcoin get high and low so better to buy when it is low and sell when it is high, if you are investing your saving it will make your future brighter, so invest now and no need to wait anymore.
I will suggest you not to invest all your money in cryptocurrency especially in bitcoin because the price of bitcoin is not guaranteed. If the price falls more you will lose your investment. It is better to split your investment in different currencies. By this way you will be mentally relaxed and hope that you will make some money in the future, but still keep some cash out invest in regular business.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
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 think 30% is enough to invest in cryptocurrency because you still save the other money for your daily needs and I think this can work well for you especially if suddenly, all of your coins are getting an increase so you can make a big profit. and from 30% of the investing, you can diversify to many coins and you can buy a lot of amount from each coin and I am sure that it will give you a nice profit in the future.
jr. member
Activity: 275
Merit: 1
https://customcontract.network
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
member
Activity: 742
Merit: 42
In my Humble opinion don't  put all your life saving in one investment.  Try to invest the 30% in cryptocurrency and seek good advisor. Keep the 40%  for yourself, you must treat yourself because you work hard for it and the 30% remaining  I suggest that you should also invest it in a physical  business  not in cryptocurrency.  Believe me.
newbie
Activity: 184
Merit: 0
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
Yup it is really new things which is full of benefits, after some months price of bitcoin will be very high and those who are for now not investing and waiting for it to be low will cry then because then price will be very high it will be out of reach so better if you have money try to buy right now and never wait anymore because it will increase your profit for investing right now.
Yes you are lucky if you have thinking about to invest your money to bitcoin because I have seen a lot of people who are now sad because of waiting and not investing money with bitcoin, price of bitcoin get high and low so better to buy when it is low and sell when it is high, if you are investing your saving it will make your future brighter, so invest now and no need to wait anymore.
newbie
Activity: 126
Merit: 0
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
Yup it is really new things which is full of benefits, after some months price of bitcoin will be very high and those who are for now not investing and waiting for it to be low will cry then because then price will be very high it will be out of reach so better if you have money try to buy right now and never wait anymore because it will increase your profit for investing right now.
hero member
Activity: 3010
Merit: 629
Dont go all in dude investing is risky there's no guarantee you can gain profit even you invest your life savings, and given the fact that you are not knowledgeable enough to enter in mining business I have doubts you're not going to make it.

Dont put all your money in just one basket its better to diversify so if something happen with your investment you still have other investment to count on. But before you do that make sure you know everything and you have done your own research.
full member
Activity: 476
Merit: 100
Please don't. Just think if you had an emergency and you need your life savings and then you remembered that you already invested in btc and now the price is sinking but then you have no choice but to sell it with losses. You could use your leisure allowance but not just your life savings because it is important.
legendary
Activity: 2240
Merit: 1993
A Bitcoiner chooses. A slave obeys.
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 need to be careful on what you are planning with pal, so I the better way or things to do is why don't you try to study and learn everything first before you make a tough decision, at least in the end you won't blame yourself. it is much better if start investing in some other altcoins in the exchange platform, or you can also invest in some good ico project where you can make your capital be multiply by x 10 up to 1000%.

I would not recommend ico investing until they are bound by regulations. Too many scam icos out there...
hero member
Activity: 1148
Merit: 504
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 problem is not the room, the problem is your electricity bill, if in your country electricity is expensive then you are never going to make any kind of return with your mining hardware, on the other hand if you have cheap electricity then you have a chance to make profits, however right now is not the best time to mine since the price of every coin is very cheap and you could make more money by just buying coins.
The problem is also not on the electricity bill but the long term, whether it will remain profitable and ROI or not? because you know bitcoin mining will be increasingly difficult, reward mining will get smaller, especially if the cost of electricity in your country is expensive, if you really want to mine, look for altcoins to mine
sr. member
Activity: 798
Merit: 258
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 need to be careful on what you are planning with pal, so I the better way or things to do is why don't you try to study and learn everything first before you make a tough decision, at least in the end you won't blame yourself. it is much better if start investing in some other altcoins in the exchange platform, or you can also invest in some good ico project where you can make your capital be multiply by x 10 up to 1000%.
full member
Activity: 462
Merit: 100
Friendly advise;

If you want to invest money in something, you need to be precise and make sure you know its context until you have them down pat. If you have doubt about your investment or you have doubt about your knowledge about that something that you will invest, don't invest. Gain more information, read more and be %100 about your knowledge about that.

Shortly, if you cannot plan what you do next, don't invest; because it shows you truly don't know all things about that and you will be investing blindly and this is just gambling.
So far, this is just one great advice I can ever imagine and it is even surprisingly coming from a newbie. Right, what the OP thoroughly is to get as much as information needed to be able to make quality decisions in the space which I believe if he has, he would not be considering putting his whole life savings into crypto unless he is just totally done with the fiat system and so much believe in the long term of cryptocurrency.
Investing blindly is one thing that has made people lose so much money and whining today about how much they have lost since they cannot deal with the short term volatility alone and that makes me wonder, what information they actually had in the first place before even investing in the space.

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