Quote from: Upgrade00 on May 12, 2024, 09:10:34 PM

Quote from: VanKushFamily.com on May 12, 2024, 07:41:00 PM

2. I say, if You are going to invest $65,000, make Your own Currency or invest in an Altcoin, like STEEM, HIVE, or BLURT, then Turn around and Invest the Earnings in Bitcoin. So You always have Income coming in, in Cryptocurrency, that can be used to go Buy Bitcoins. There are also Cloud Mining Services that are not a Bad Idea, though some are Scams. Some are Good Though, I am going to Try some after the Tokens get Moving. So this Second Bullet Point actually extends into that I am going to Finance some kind of Bitcoin Research and Documentation, and we will also have Holdings.

It is not economically practical to invest your capital in high risk prospects with the expectation to invest the profit in a much more stake and reliable one. The common advice is to do the opposite, safekeep your capital in Bitcoin and risk some of the profits in altcoins or stick to Bitcoin entirely.

Also, cloud mining is a bad idea. Most are scams and possible real profits are low, making it not worth the risk you get into.

First, I don't want to make this a Thread about Steemit but I just had a Discussion with someone else about this, and he was saying "It seems like it has seen it's Day, and it's not doing so well anymore" but in fact those Technologies are undervalued and STEEM, HIVE and BLURT are all going to go up. So You can Rest assured that Your Investment is a Good One. The way You can tell is that there are so FEW USERS (but it can Grow like Facebook of Twitter), and again, if You don't want to invest, make Your Own (and Facebook was not Popular the First Year it existed). Make Your Own Steemit Clone, then Buy into Steemit. I made a HIVE-Engine Token, and I will be using that to invest in HIVE. But this is getting into Altcoins now. So I'll move on to the Cloud Mining Subject.

With Cloud Mining, Try to Find a Service that let's You switch between Coins whenever You want. And use the Earnings to Buy Other Currencies that are bound to Increase in Value. And there are Cloud Mining Services that seem to have Streamlined the Process, I still need to Test it, but I have seen some Cloud Mining Services (and we just mentioned Scams, so Everyone should be Careful) where You give them the Money, and however many Days later they give You back Your Money and the Profit, and You put it back in if You want to Mine more, instead of Buying a Hashrate and Hoping to get Your Money Back. This is Guaranteed Profits if these are Real, and there are some that seem Legit.