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My advice would be to stay away from ICOs entirely. BTC and ETH are the "safest" bets right now. LTC has been really steady and is probably the most sensible i

My advice would be to stay away from ICOs entirely. BTC and ETH are the "safest" bets right now. LTC has been really steady and is probably the most sensible investment, but will probably not take off like BTC did. BCH (Bitcoin cash) is the newest fork of BTC and has been volatile but has a lot of people backing it. I would look it to it at least. I've been keeping an eye on EOS and DASH but not really sold on them yet. Biggest advice I can give is - don't let FOMO guide your decisions. Diversify your portfolio and don't micromanage it or keep an eye on the charts all day. You'll drive your self mad. Also - don't expect to make ANY money of crypto. It's a gamble, like a scratch ticket. Only invest what you can absolutely afford to lose, because chances are you will.

jrs95 9y ago
What about GPU mining ETH and others via something like nicehash? Is this a reasonably safe bet (relative to just buying the coins outright)? I'm mostly looking at it as a means of building a new workstation and have it pay for itself over the course of a year or so while I'm not using it.
- jliptzin 9y ago
  Unless you are situated next to a hydro electric power station that provides very cheap electricity stay away from this. you will build a rig then as the difficulty goes up you'll watch all your profit eaten away by electricity costs.
  - jrs95 9y ago
    Yeah, I was sort of concerned about what 20xx Nvidia cards could end up doing to the difficulty. I'm really only considering it because I'd also use those cards for other things.
- where_do_i_live 9y ago
  A year? the ROI for that would be like 5 years - you over-estimate the profits currently. It was profitable back in March far more than it is now - the gold rush with mining is over.
  - jrs95 9y ago
    Based on my electricity costs it looked like it should be a little over 8 cents an hour for a ~$500 GPU, but I could've had something wrong there.
    - where_do_i_live 9y ago
      Sure, but how much crypto currency are you going to get out of it from a pool? if you get 8.1 cents per hour, well that's not exactly that exciting. I've been a miner for years, and I'd recommend you take a look at your expectation of profit, it is profitable still, but get ready to be disappointed.
- xur17 9y ago
  If you're going to use the video card anyways, mining will easily cover the electricity cost of mining in most areas, and can be a decent way to cover part of the cost of the card. That said, I wouldn't buy video cards specifically for mining unless you have access to very cheap (or free) electricity.
  - jrs95 9y ago
    What is "cheap" though exactly? In my area, costs vary a lot, between 3.5 and 10.5 cents per KWh
    - xur17 9y ago
      It's profitable at most electricity rates: https://whattomine.com https://whattomine.com
discombobulate 9y ago
I'm not sure about bcash! Edit: agreed on the token sales, currently. Difficult to get a feel for the price.
ph0rque 9y ago
Is there a "reputable cryptocurrency" index fund one could buy into?
- nxsynonym 9y ago
  not that I'm aware of, and they would probably charge high fees. Personally I target a 60%/30%/10% spread of ETH/BTC/MISC. I use Gemini for ETH/BTC and Kraken for the smaller coins. My total crypto monthly spending is between 15-25% of my monthly savings budget, FWIW. The rest gets split between a traditional index fund and a regular savings account. If the whole crypto market burns down tomorrow I'll only be out 15-25% of my total invested savings since I started putting money into crypto, and if it takes off I'll get nice returns but I'm not banking on it. I invest in crypto because I believe in the tech, not in getting rich off of it. Me putting money into is my vote of confidence and nothing else.
- 0x4f3759df 9y ago
  Not directly to the point, but look at this: "Hedge Funds Investing in Cryptocurrencies ‘Exploding’ – 62 in Pipeline" https://news.bitcoin.com/hedge-funds-investing-in-cryptocurrencies-exploding-62-in-pipeline/ https://news.bitcoin.com/hedge-funds-investing-in-cryptocurr...
- ashleysmithgpu 9y ago
  https://www.iconomi.net/dashboard/#/INDEX https://www.iconomi.net/dashboard/#/INDEX Might be what you are looking for

jrs95 9y ago

What about GPU mining ETH and others via something like nicehash? Is this a reasonably safe bet (relative to just buying the coins outright)? I'm mostly looking at it as a means of building a new workstation and have it pay for itself over the course of a year or so while I'm not using it.

jliptzin 9y ago
Unless you are situated next to a hydro electric power station that provides very cheap electricity stay away from this. you will build a rig then as the difficulty goes up you'll watch all your profit eaten away by electricity costs.
- jrs95 9y ago
  Yeah, I was sort of concerned about what 20xx Nvidia cards could end up doing to the difficulty. I'm really only considering it because I'd also use those cards for other things.
where_do_i_live 9y ago
A year? the ROI for that would be like 5 years - you over-estimate the profits currently. It was profitable back in March far more than it is now - the gold rush with mining is over.
- jrs95 9y ago
  Based on my electricity costs it looked like it should be a little over 8 cents an hour for a ~$500 GPU, but I could've had something wrong there.
  - where_do_i_live 9y ago
    Sure, but how much crypto currency are you going to get out of it from a pool? if you get 8.1 cents per hour, well that's not exactly that exciting. I've been a miner for years, and I'd recommend you take a look at your expectation of profit, it is profitable still, but get ready to be disappointed.
xur17 9y ago
If you're going to use the video card anyways, mining will easily cover the electricity cost of mining in most areas, and can be a decent way to cover part of the cost of the card. That said, I wouldn't buy video cards specifically for mining unless you have access to very cheap (or free) electricity.
- jrs95 9y ago
  What is "cheap" though exactly? In my area, costs vary a lot, between 3.5 and 10.5 cents per KWh
  - xur17 9y ago
    It's profitable at most electricity rates: https://whattomine.com https://whattomine.com

discombobulate 9y ago

I'm not sure about bcash! Edit: agreed on the token sales, currently. Difficult to get a feel for the price.

ph0rque 9y ago

Is there a "reputable cryptocurrency" index fund one could buy into?

nxsynonym 9y ago
not that I'm aware of, and they would probably charge high fees. Personally I target a 60%/30%/10% spread of ETH/BTC/MISC. I use Gemini for ETH/BTC and Kraken for the smaller coins. My total crypto monthly spending is between 15-25% of my monthly savings budget, FWIW. The rest gets split between a traditional index fund and a regular savings account. If the whole crypto market burns down tomorrow I'll only be out 15-25% of my total invested savings since I started putting money into crypto, and if it takes off I'll get nice returns but I'm not banking on it. I invest in crypto because I believe in the tech, not in getting rich off of it. Me putting money into is my vote of confidence and nothing else.
0x4f3759df 9y ago
Not directly to the point, but look at this: "Hedge Funds Investing in Cryptocurrencies ‘Exploding’ – 62 in Pipeline" https://news.bitcoin.com/hedge-funds-investing-in-cryptocurrencies-exploding-62-in-pipeline/ https://news.bitcoin.com/hedge-funds-investing-in-cryptocurr...
ashleysmithgpu 9y ago
https://www.iconomi.net/dashboard/#/INDEX https://www.iconomi.net/dashboard/#/INDEX Might be what you are looking for