Hello everyone,
I have 5,000$ I want to invest in crypto currencies.
I'm wondering what's the best move right now?
Should I buy bitcoins directly ? Should I buy a miner ? Should I buy an other crypto currency ?
Buying Bitcoins would save me a lot of trouble, I would have my money directly converted into bitcoins?
Buying a miner could be fun, especially because I have free electricity but you have to wait to be delivered, it might be a scam, difficulty might increase and you'll never get a chance to earn enough btc to break -even ?
I'm not sure what I will do... What would you suggest at this moment ?
Thank you for your help, insights and time!
If you can afford to lose that money and want to take the risk (the potential rewards are huge, yes!) you should just go and buy some Bitcoins. Maybe only $2500 or so, because we may still go down from here. People agree that we'll most likely be in a definitive bull market as soon as we cross about $680...
There are trustworthy and legit miner manufacturers. Try CanaryInTheMine, CrazyGuy, SilentSonicBoom on this forum, they sell in-hand miners and are trustworthy. If you do have free electricity, you may consider getting an ASICMiner Tube - very cheap, since it consumes slightly-above-average power. But make sure you really don't steal the electricity, miners consume a lot.