Topic: $50k to Invest - Convince Me! - page 3. (Read 9117 times)

I'm already convinced, over half of all investment funds should be put into Bitcoin right away, before the next big Rally. 

It is a horrible idea to gamble money that you intend to invest. When you gamble you will either earn somewhat of a return or will lose everything for that bet. When you invest you have the possibility of earning a wide range of both positive and negative returns. It would be possible to lose your entire investment when you invest, however the chances of this are relatively low

Don't do anything to your 50k until you know what you are doing, in the mean time put them in CDs.

Take a look at the charts, see the trends. I firmly believe in a years time bitcoin will be at the minimum of $1,250. Your best bet is to get in now as still 70%~ do not know about bitcoin!

he has to convince himself, otherwise it has no value and he doesnt understand bitcoin. dont listen to other people if you want to make an investment.

I would say storing wealth in Bitcoin is more likely scenario than thinking you will get rich with the 50k investment.

But never loan the Bitcoins actually, many learned it hard way. I mean keep private keys, or you have just some promise to pay back, not Bitcoins

Nobody try to convince you, if you know enough about Bitcoin you already invested with your everything.

Why not bet 50k on lottery then? The potential payout is even larger than what you have suggested here.

If i had that money now i would buy all 50k on Bitcoin, i think is cheap right now. Then i would invest a 10% in altcoins (DARK, LTC, DOGES

and another one of your choise), hold a 70% as possible because price will rise soon after the incoming June's end goverment auction, and

the 20% remaining i would bet it intelligently in this World Cup 2014. Believe me you can easily have twice 50k by the end of this year.

Technology is advancing all around us, so it makes sense that currency should evolve too. Do you remember rotary telephones? Well, some day, we'll be saying, "Do you remember when we were kids, and we used paper money?" and "Do you remember when bank transfers took several days, or even weeks at times?"

Evolve, man. Just evolve with the times.

I would say invest what ever you can afford to lose, though honestly if you're having to be convinced to invest that means that you're totally not sold on the idea of investing $50k. Regardless, if you do invest $50k be aware that anything can happen. It is bitcoin after all.

buying at a dip is allways a nice idea.
my advice is to definetly buy bitcoin, but dont spend all 50k at once, start with 10k and get use to trading.

if bitcoin price dips to 500$ next few days, i would definetly buy, and same thing goes to litecoin under 9$
cheers

You should not be selfish, but give neutral advice.

Is Bitcoin a buy? Yes
Is Bitcoin a buy right now? Nobody knows, so buy over a long period, several times to average the price.

And buying a car or making holidays is not an investment, it's an expense.

if we have to convince you, dont do it please. buy a nice car or make holidays.

If you can afford to lose the $50k, I say go for it.  But that's the caveat.  Bitcoin is a high risk, high return investment.  It's gone up exponentially so far.  And it could continue to do so. 

Or the governments decide they don't like it and collectively ban all the exchanges, which would effectively kill the market value.  Or the banks / credit card companies could decide they don't like bitcoin and build up enough mining rigs to execute a 51% attack and destroy bitcoin.  Right now, I think Bitcoin has been around long enough that if some huge technical flaw was going to be discovered that would sink it, it would have been discovered already. 

The real risk is not the technology, but the possibility that the bankers and government, who both benefit from the current system and would lose a significant amount of power under a world where Bitcoin is in control rather than fiat decide to take down Bitcoin.  Then again, the other risk is that most of the major gains have already happened.  Yes, it's possible that bitcoin will take over the financial world, and if that happens, the value that exists today will continue to skyrocket.  But it's also possible that the people who haven't invested yet will look at all the hacks and thefts and decide it's too risky, and stay far away from Bitcoin.  I can't say I'd blame them if they did.

If you do decide to invest the $50k in bitcoin, whatever you do, ignore the people telling you to loan your bitcoins out on bitfinex, and any other related sites like that.  Learn from those of us who lost money on Coinlenders, trying to lend out bitcoins or put your bitcoins in a site that lends them out is a sucker's bet.  If you really, really, want to do that, you may as well just go and take at least half that $50k and burn it to save yourself the trouble of waiting.  Then invest the rest and you'll be better off than if you had invested all of it in one of those sites.  (Yes, CL investors lost money due to a hack / theft.  But it could have easily happened because of a "bank run" due to the run up in price.  There's no such thing as FDIC insurance for bitcoins.)

Bitcoin is also used as a store of wealth, wealth you can move or transfer easily and cheapily without having a third party risk

Bitcoin was not meant for hoarding.

Bitcoin was designed to be a P2P way of transmitting payments that is not centralized and resolves the double spending issues with other P2P payment methods.

If you think that bitcoin is meant for hoarding then what would give it it's value?

The FBI is auctioning off its coins and the rich organizations and individuals are flocking to bid and buy them
For investment purposes or to have Bitcoin capital
If they were not a serious investment why would so much interest be around this auction.

You look like you have something to prove, you are frustrated and you are not happy

Care to sign an address which has 300BTC to give some credibility to your claim?

50k serious money ? hahaha
I'm 22 year toyboy with 300 btc , this is bitcoin and your nothing my man.
Go pump some alt coin , maybe your ego will get satisfied .