I asked for a loan to resolve some personal expenses and I still have about $1200 left, I have the intention to invest this money and with all the cryptocurrency uproar I do believe this new universe is probably the best place to invest this money, (if I'm wrong, let me know)
Now, I have two main ideas, either I purchase $1200 worth of bitcoins and hold on to them expecting a higher capitalization, or I invest in mining equipment to mine some altcoins.
I currently have a gaming rig with a R9 270X card, which, for mining purposes is profiting me about $20 a week.
What would you suggest me to do?
I suggest you pay off your loan before investing, although investing it may be profitable, it is extremely risky. You may end up asking for another loan if things go wrong.
You have a gaming rig which you earn $20 a week, that seems to be a good start. Combine it with hard work, maybe a job or if not, try to join campaigns here in the forum and earn bitcoins or altcoins. Not only that you didn't put out cash, you also paid off your loans and more importantly(might happen) extra income that may give you what you want(buying bitcoin/buying mining equipment).