Post
Topic
Board Trading Discussion
Re: I've got $20k to invest. Please recommend!
by
safari88
on 22/08/2016, 15:19:11 UTC
Hey folks,

I've finally got around $20k to invest in long-term. No, unfortunately I cannot put this on a bank to get like 10-15% per year, I'd need something way more good.
What would you recommend? Mining? Other crypto?

Investors, please get me some cool ideas.

Thanks in advance,
Marcell

I would either go with mining or to buy bitcoins for that amount, you  can invest that money into good mining site to earn profit, or you can buy and sell bitcoins for profit too
Hm.. I don't think mining will be profitable to invest because the electric cost + maintenance fee will take off your profit !and after halving the profits have been halved so i don't recommend investing to mining but its good to start your own some small business with it !
But before you can make a final definition about the mining is profitable or not after halving better to make calculate about it, if until this time mining is not profitable and why a lot of miners doesn't retire from this job?and still doing this job until this time?
during the bitcoin price above the mining operating costs, meant the miner is still profitable. although revenue decreased very much. but eventually the market will adapt itself to the reduced number of bitcoin coming into the marketplace every day.