Post
Topic
Board Trading Discussion
Re: I've got $20k to invest. Please recommend!
by
Skylineman
on 18/03/2016, 15:50:33 UTC
You can invest in funds, where you can get out profit each month, so you can have cash for living. Or you can invest and then monthly profit also invest on auto mode.  Wink

Okay, but invest to what?

By mining, I was thinking about cloud mining.
How about Ether?

Thanks in advance!

It's even worst , most of the cloud mining services out there turned out to be a scam after sometime so it's not really recommended to use them.
I wouldn't recommend ETHER as-well , probably Bitcoin is the best choice for you . In the last couple of days ETHER dropped with like 200 million $ in Marketcap (from 1billion to 800 million) as you can see here : https://coinmarketcap.com/ , So in my opinion the market manipulation is real.

By mining, I was thinking about cloud mining.
How about Ether?

Thanks in advance!

Ethereum price suffers of a strong change in a price.... and I think it can be a really coins that could compete against btc.
No I think invest in ETH, is not actually the best choice.
With this value you can invest in some site... betting casino or similar.... you can run a good business!!!

Thanks a lot for info about Ether. You'd recommend to try to run an own one, or just to invest into a current, ongoing one?

By mining, I was thinking about cloud mining.
How about Ether?

Thanks in advance!
Cloud mining? Duh, I'd entreat you to read this -> https://bitcointalk.org/index.php?topic=878387.0 . BTW, I'd say(suggest) you to 've forbearance & you'll definitely come up with (big) profits (through trading).

Don't put all eggs in one basket, if i were you i would be bitcoins, ethereum a part of them holding and a part of them trading if you have knowledge, mining is only profitable if you have free electricity but we will not know what will happen at the halving time.

and there is also another problems as stated in mining speculation section....
The growth "exponential" of hashing power!
You can estimate by now up to 2/3 months.... Sad and even with free electricity you can't stay safe enough Sad
Of course it will be very very risky. But you never know what will happen later with the value so you can just invest not everything.
Just a bit. Because there is also a chance that the value can be down and that wont be good.

Thanks a lot for this, I've dropped the idea...