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?
Hmm,
Never ask the barber if you need a hair cut. I guess it is from Warren Buffet. One of the best investors all time.
People here are either speculators or miners. If they are miners they want you to be investor and if they are investors they want you to be miner. They may have vested interests.
Either way, I think you should think a lot by yourself.
Whatever you do (mine or speculate) it will be risky. If you do on loaned money, than the risk is even greater.
If you think the conversion of bitcoins is going up on the time horizon of the loan, then you should buy it, if it goes higher than the interests. This is already a lot risky. And mining is way more risky.