$8,168 What the best to invest in Crypto-currencies?
suggestions?
Nowadays too many coins are released, relaunched or die.. But there are many opportunities in crypto-currencies.
I have some options..
- Have some rigs, mining with PoW? or
- Hunt some IPO/ICO or from Exchange Market, then keep it for PoS? or
- Playing buy/sale in Exchange Market? or
- Build another alt-coin?
- Or .... .... ....
(I'll do some small research to break down these options..)
Have some Rigs for PoW
- GPU Card (AMD/nVidia)
- CPU and peripherals
- Internet connection
- Electricity
- Room space
- Wallets and Miners software
- ---------- looks fun and yes, it's a lot todo!
Hunt for IPO/ICO/Exchange for PoS
- Research for coins
- History and Predictions
- Buy or Leave
- Internet connection
- Electricity
- Wallets software
- 24/7 CPU for staking
Play in Exchange Market
... ...Build another coin
... ...
Really need some suggestions for best future results....
Get in very early on a promising new project, and never feel bad about taking a x2 or x3 profit!
Mining or ICO.
Some x10+ examples have been:
Bitshares (PTS, AGS pre-sale and then Bitshares)
Ethereum (Pre-Sales)
And our own Steemit
Take the time to learn how to build and run a mining rig, learn how to use the hyperscale cloud providers for mining and follow the forums closely [Bitcoin Forum > Alternate cryptocurrencies > Announcements (Altcoins)] (https://bitcointalk.org/index.php?board=159.0)
Post in steemit to ask us steemians if we think a project has promise and worth investing.
Top Tip : Get prepared to mine ZCash
So, I understand you have a little more than $ 8k
In my country i have cheap electricity about 0.08$. This is the maximum rate
If I had 8100, I built a 3 rigs (with 5 R9 390)
Each somewhere 150 Mh/s (ethereum) + 3000-4000 Mh/s Decred (with dual miner)
It`s near 25-27$ for each per day
Payback about 120-150 days (I dont know how cost electricy in your country)
But, if it not possible. I`ll invest in these coin:
ETH + DAO + LISK + WAVES
Do lots and lots of research and don't just listen to any one source and you will see the most benefit
I see..
One question, could you show me the easiest and best reference about the DAO (or token?) Seems hot, but it's not clear understand how it works compare to common altcoins.
https://daohub.org/ should be your best bet in somewhat understanding the idea.
Roughly, the DAO is a organiazation that you put your ether (ethereum token) into the contract and proposals are made to use the funds (hopefully with a strong strategy to produce profits) and users that own DAO tokens vote on the proposal. When voting closes if a quarum was reached the ether is sent to the proposer and they will attempt to produce profits for the investors. Last I checked 1.15 ether = 100 DAO tokens. The DAO also allows you to "Split" and obtain your ether back from the contract. You can only split with ether that was not used to vote/invest in a successful proposal.
That is a very rudimentary version of how the dao works. I would do some additional research and post any questions you have to /r/ethtrader or /r/ethereum, the community is helpful most of the time.
Side note on mining (ethereum sepcifically): if you are using a GPU make sure to use AMD cards. Buying a new mining rig can be a costly risk since there is no guarantee of making back your lost profits (but you may be able to use/resell the cards afterwards to make back some losses)
Hope this helps!
As a reference I have over 3 years in the crypto currency space with everything from mining, trading, research and on coins from Bitcoin, Ethereum and many altcoins that have collapsed.
(imho, read here and there..) the DAO, can be good for people or any start-up team, but on other hand, it might born more scammers or ponzi program.
I love Ether! I tried to mine it from one of cloud mining, which I'm saying is stupid.
3 years for many methods, algos, coins, etc.. it's long run, dude.. Let me ask you, is it worth?
I think so, Bitcoin seems so stuck and unable to make significant changes because of mining centralization. While Ethereum has been thriving and will still be minable for the next year
If you live in Italy, for Electricy cost, mining is proibitive. The profit/cost balance is really low. And if you get an hardware fault (psu or asic miners / graphic cards), all profit is lost. After a little time of mining, (btc with rockminer), i've switched from mining to exchange forex. I'm "playing" with exchange, like bitstamp or kraken.
However, An intresting coin is Ethereum, is growing right now. And mining eth can be profitable.
Steem powah
How much budgets to cover for build another alt-coin? I'm just thinking might be for another option.
Gamebet will be good coin for perfect pump - good team & cheap ico price. You have still time for buy at lows
All the coins are one in the same in the blockchain. Each has it's own goals and modules that are run on the blockchain, inevitably to fork it then merge into one. Personally I like BTC>ETH>SP>LISK>Waves>UNITY>FCT>SIA>NASACOIN ( I think its going to be called ShuttleCoin ) .. If you are new to crypto-currency then research,research,research.. read about what you are buying and only sell to re-invest. Oh yea! ICO's are the best!!
Very good post. Thanks for bringing this to our attention. The quality coins are here to stay and it's like buying in at the S&P 500 50 years ago. Cryptos will fall and rise at a more rapit phase any investment market has ever seen. Just hold (literaly) and enjoy the ride. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). I really advice people to take a look at: https://www.coincheckup.com They researched and analyzed every tradable coin out there from a investment, team, product, transparency perspective. Really interesting.