Topic: LOOKING TO INVEST MY LIFE SAVINGS NEED ADVICE - page 7. (Read 6030 times)
in my opinion bitcoin mining is currently not profitable because of high oppressional costs such as electricity while the results are not much, my advice is you are looking for another business that is more profitable and with little risk
for investment then you can use the advice of some people from the people here, I suggest you buy as much bitcoin as you can by buying bitcoin you also participate for investment.
The only advise that is necessary for anyone who is trying to invest his life savings is to know what he is doing exactly and also understand this space is not a get rich quick scheme and if that is the mentality is coming in with to invest his whole life savings, then, he is already threading on the wrong part. A lot of people keep investing and getting greedy for the wrong reasons, but really, the idea is to be investing in the future, and if you have to do that, you will still need to consider the risk involved as well first to be able to have a concrete info for making your decisions.
I will not recommend using all of your life savings to invest in cryptocurrency because you don't know what will happen with the crypto market. it is better to use only 30%-40% of the total of your life savings so you still have money for your life. I always telling this to every people who want to join in the cryptocurrency because cryptocurrency price is always fluctuating and some of us cannot calm down to see the price is always changing. but it is up to you and I hope that you can think twice to use all of your life savings money.
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
Life savings is not something you should joke about, you know how hard it was for you to raise that amount of money and you should be very careful on how and where you’re going to invest that money so you don’t end up losing it in the process of trying to gain more from what you already have. 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
If it’s trading that you choose, then make sure that you’re very good at that and knows how it works. Then if you choose to invest and Hodl, then make sure you try to do it at the right time and also follow up with it.
Maybe you should reconsider when your going to try investing your life savings in something like mining and buying mining hardware's because ive heard that mining crypto's like ETH and BTC are less profitable and much more costly because of the bills and the revenue you get is isn't enough due to increase difficulty.
if you want to find the best cryptocurrency for investment then you should be able to buy as much bitcoin as you can because bitcoin is a good step for investment.
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
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
First of all, how much are you planning on investing? Second of all, start small. Invest no more than half, see where it takes you. Don't put all your eggs in one basket... Although to be honest, depending on where you live, mining can be a dumb idea.
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
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. 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
I think if you want a long-term investment then you can invest by buying as much bitcoin as you can because indeed from moment to moment the price of bitcoin can provide a lot of benefits.
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.
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.
for investment then you can use the advice of some people from the people here, I suggest you buy as much bitcoin as you can by buying bitcoin you also participate for investment.
If you wish to get rich like early bitcoin investors you need to find hidden gems. But its hard our days, as most are just scams. But for safe one choose top 10 from coinmarketcap.
if you are looking for a place for good investment and can provide very many benefits then I can advise you to invest in bitcoin by buying bitcoin and hold it until the price increases and you can get very much profit.
Your life savings?
Entirely??? I should let you know that the ROI on Bitcoin mining has reduced considerably in recent times and it is speculated to continue in that reduction trend...
Please, spread your investments. That's my most sincere advise to you
Entirely??? I should let you know that the ROI on Bitcoin mining has reduced considerably in recent times and it is speculated to continue in that reduction trend...Please, spread your investments. That's my most sincere advise to you
Really bad idea to invest your life savings into any single thing. It is imperative that you spread your mony about. I would suggest that bitcoin and for that matter any other investment should never exceed more 20% of your portfolio.
my advice is you need to learn first about crypto so you know what you need to buy for your investment. I think you don't have to use all of your life savings for investing in the crypto and I think you need to prepare for the worst thing, for example, the price of your coin is getting down for a long time. maybe you can use 50% of the total of your life savings so you still have money for your daily needs.
I see him should balance his personal finances first. Then use excess money to invest and increase your chances of making money. Do not expect a source of income, turn them into passive money. Only then will it be better and it takes time.
Mining these days requires a lot of things to consider, and the most important is the rate of electricity where you are.
Once all this can make mining feasible, then choosing the right hardware for the coin you want to mine is just the best and that can be done from research.
Once all this can make mining feasible, then choosing the right hardware for the coin you want to mine is just the best and that can be done from research.
Be very careful going all in. Some of the greatest investors in the world say never invest more than 5% of your portfolio into something risky.
Like my stepmom used to say NEVER put all your eggs in one basket!!!!
Like my stepmom used to say NEVER put all your eggs in one basket!!!!
Investing more than spare money in crypto is a big NO!
It is still a fairly new sphere. And it's still very possible that cryptocurrencies get to near zero value.
Always invest what you can afford to lose.
It is still a fairly new sphere. And it's still very possible that cryptocurrencies get to near zero value.
Always invest what you can afford to lose.
Investing you life savings is not a good Idea, because what if the price of the bitcoin that you mine or bought decrease or dump the price you lose big.
Maybe I suggest invest only the 50% of your lifesavings because incase they have not good happen you have money that can help to you to recover again . But if you have fully decided to invest all of your money to cryptocurrency just be careful of what investment or coins you invested to prevent losing of your life savings. Best of luck for you bro I hope your money will grow so you can buy all of your needs and wants.
This is an advice only and it's up to you if you want to use it or not.
Maybe I suggest invest only the 50% of your lifesavings because incase they have not good happen you have money that can help to you to recover again . But if you have fully decided to invest all of your money to cryptocurrency just be careful of what investment or coins you invested to prevent losing of your life savings. Best of luck for you bro I hope your money will grow so you can buy all of your needs and wants.
This is an advice only and it's up to you if you want to use it or not.
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