Hey all,
I have a 1000$ 'budget' to invest in BTC/alts. I already have some mining gear (2.7 Mhs total) and I'm not that great at trading, apparently I can only get coins that immediately go down in value. :!
So if you were in my situation, what would you do with 1000$? There's just too much stuff to read/learn for me to make timely decisions and I don't want to miss a good opportunity. Can I get into a buying group with that money? Are there bonds I can buy instead?
What would you do? Thanks for any advice.
I have a 1000$ 'budget' to invest in BTC/alts. I already have some mining gear (2.7 Mhs total) and I'm not that great at trading, apparently I can only get coins that immediately go down in value. :!
So if you were in my situation, what would you do with 1000$? There's just too much stuff to read/learn for me to make timely decisions and I don't want to miss a good opportunity. Can I get into a buying group with that money? Are there bonds I can buy instead?
What would you do? Thanks for any advice.
I'd invest half directly into Bitcoin. The other half I'd put in slightly riskier Bitcoin investments. Maybe some ASIC miner shares, Bitcoin Global shares, or some Bitcoin mining equipment. Your return probably won't be as good as if you just invested directly into Bitcoin but you would be helping to support the network and the larger Bitcoin economy.
Also, I would suggest against investing into 'alt' coins. With the state of things right now groups are hyping up new coins, then selling once they hit a desired price leaving newcomers holding then worthless coins. If you really want to invest into one of these coins, do your research. Find one that has particularly favorable and inventive attributes. Most importantly, it needs a good development community supporting it. Without that it's probably just a pump and dump coin.