Quote from: traderethereum on January 19, 2018, 06:23:45 AM

Quote from: Mineboi on February 08, 2017, 09:20:26 PM

I just opened my eyes to Bitcoin mining, I save up 80$ every month and was thinking maybe investing them in bitcoins wouldn't be that bad an idea? Whats your thoughts on this, what should a first timer know?

you have a good choice to invest $80 every month but if I can give advice, you need to determine how long you want to invest and if for example, you want to invest for 5 months and then you only hold your bitcoin without selling, this will be good for you and you can use that money to buy the other things or you can buy altcoin too. I am sure that in the future, you can make a big profit because once you sell your bitcoin at a high price, I am sure you can make a lot of money. and if you have altcoin as your investment, then you can make another profit in the future so it will great for you if you can do both.

Good to invest in bitcoin and if you start $80 every month and you do it 5 consecutive months much better if you buy some altcoin because it is good to hold altcoin with that amount of capital than letting your fund sleep in bitcoin. For me it is not good to hold $400 only in bitcoin you need to divided it into multiple coin but be careful on buying altcoins because there are many shit coin in the market.

If you are wanting to have bitcoin mining you need huge capital for that if you want faster income which is need to have powerful mining rigs.