$50k to Invest - Convince Me! - page 5.

scribbles

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Quote from: boumalo on June 16, 2014, 06:30:17 AM

Quote from: transient858 on June 15, 2014, 05:30:47 PM

Real estate price, over long term, will go up also.

You may need to consider investing in real estate than bitcoin.

Why would they?

You don't really own the property since you need to pay a myriad of taxes and you need to repair it; if the taxes are raised or if the interest rates go up, the price of "your" property is likely to go down; I am not even talking about a revolution or a natural disaster that will reduce the price tremendously

Don't really own the property? That's a negative oversimplification of real property rights.

Also, my last mortgage was LESS per month (including taxes and ins) than the going rate for rent in my area. Then I sold the house after three years of ownership and net profited 70k USD. That's net profit.

I'm sure you can find plenty of negative stories too, but to say you can't make money in real estate right now is patently false. It just takes a smart investment.

AdamSmith

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Quote from: joele on June 16, 2014, 03:56:30 AM

My advice is to put your $50k in bitfinex.com and invest in lending, the interest rate now is 0.25% a day.
So for $50k that is $125 daily interest, then buy bitcoin with your interest.

Good strategy.

Just make sure to pay news to bitfinex from time to time in case they try to gox depositors.

ljudotina

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Quote from: JessyMatt on June 14, 2014, 09:18:57 PM

I have just allocated some serious money and thinking about investing about $50k on bitcoin. Someone convince me why I should buy $50k worth of bitcoins right now!

If you need someone to convince you to invest into something, than you should NOT invest!
You should invest into something you understand and if you need convincing, than you don't understand BTC at all. Plus....what if you'r investment, for a reason or two fails...that you can blame others for convincing you? That's not the way it goes. Your money, your decision, your responsibility.

boumalo

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Quote from: TheTracker on June 16, 2014, 06:36:40 AM

I'd probably diversify my investment, putting all of your hard earned cash on one horse seems a little rash don't you think? Instead, buy bitcoins for 10k and use the rest for something else! Maybe buy some Gold & Silver (plus a safety deposit box) or invest in a start-up or two in your neighborhood.

He is thinking of buying 50k$ worth of bitcoins but as stated previously he has more available; 50k$ out of a 1m$ portfolio isn't that extreme if you are young

TheTracker

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I'd probably diversify my investment, putting all of your hard earned cash on one horse seems a little rash don't you think? Instead, buy bitcoins for 10k and use the rest for something else! Maybe buy some Gold & Silver (plus a safety deposit box) or invest in a start-up or two in your neighborhood.

boumalo

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Quote from: transient858 on June 15, 2014, 05:30:47 PM

Real estate price, over long term, will go up also.

You may need to consider investing in real estate than bitcoin.

Why would they?

You don't really own the property since you need to pay a myriad of taxes and you need to repair it; if the taxes are raised or if the interest rates go up, the price of "your" property is likely to go down; I am not even talking about a revolution or a natural disaster that will reduce the price tremendously

600watt

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http://dealbook.nytimes.com/2014/01/21/why-bitcoin-matters/?_php=true&_type=blogs&_r=0

http://www.telegraph.co.uk/technology/news/10881213/The-coming-digital-anarchy.html

http://www.bbc.co.uk/programmes/b045c1wg

here are two good articles and a bbc radio broadcast i recommend. i think your idea is great. i did the same move about 12 months ago in the 130 $ region. right after i bought btc price fell 40%. it felt so bad. so if you invest this amount, you have to be honest to yourself and admit you are gambling here. write the $ 50k off, as if lost already.

keep only 10% of the coins you buy on the exchanges if you feel the need for some trading. put the rest on cold storage. it is not that difficult, but very important. bitcoin itself is gambling, but leaving btc on an exchange is gambling on top of gambling.

if you make decent profit (and i think you will be able to 10fold your investment) don´t forget to direct some btc towards charity. it is good for your karma Wink

joele

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My advice is to put your $50k in bitfinex.com and invest in lending, the interest rate now is 0.25% a day.
So for $50k that is $125 daily interest, then buy bitcoin with your interest.

boumalo

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Quote from: ?? on ??

Quote

Hey bro, you forget www.btcjam.com !

So, if you want to invest in sure way, buy some bitcoin, then send its to a paper wallet !

When price will rise up, sell it and get your money Grin

Why do foreign scammers always call everyone "bro".

Why not just wear a sign that says, "I'm trying to hustle you, kind sir."

Maybe it is the same guy trying to sc.am

sukamasoto

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Black Panther

This might be your choice to invest cryptory

JessyMatt

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Quote from: ChiliPowder on June 16, 2014, 12:19:45 AM

One of the double your bitcoins ponzi's

I'm not looking for quick money making schemes

JessyMatt

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Quote from: Berghoff on June 14, 2014, 11:12:20 PM

I think you need to do your own homework rather than asking to be convinced. Its a risky investment. It could continue to grow or it could drop to zero.

Do you have specific questions?

Just want to hear other people's insight before I make a decision. I've already done some research but want to hear people that are already invested on this thing.

ChiliPowder

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One of the double your bitcoins ponzi's

keithers

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This is the land of wolves now & you're not a wolf

Unless this is completely disposable investment money, I would not recommend allocating it all to BTC at once, unless you are looking at it from the medium to long term. Regardless, you should be diversifying it amongst several investments...

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: Gimmelfarb on June 15, 2014, 05:29:58 PM

Quote from: ShakyhandsBTCer on June 15, 2014, 05:04:30 PM

Quote from: ?? on ??

Quote from: JessyMatt on June 14, 2014, 09:18:57 PM

I have just allocated some serious money and thinking about investing about $50k on bitcoin. Someone convince me why I should buy $50k worth of bitcoins right now!

If you need random anonymous strangers on the internet to convince you, then you should not invest.

This.

A public forum is a horrible place to get information when you are trying to determine where to put your money.

With that being said I think that bitcoin will succeed over the long term and that the price will increase over the long term.

well, to be fair, i could see someone posting some compelling TA charts, or links and explanation of fundamental analysis, and it could be quite useful in fact. this is a new asset class -- and there is not much from the professional sphere that breaks it down for retail investors.

Maybe, but I would still not consider this forum to be a good place for information regarding where to put my money. For technical information, yes. But there is just too much of a conflict of interest (most people here hold bitcoin) and there are many scams here.

transient858

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Real estate price, over long term, will go up also.

You may need to consider investing in real estate than bitcoin.

Gimmelfarb

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Quote from: ShakyhandsBTCer on June 15, 2014, 05:04:30 PM

Quote from: ?? on ??

Quote from: JessyMatt on June 14, 2014, 09:18:57 PM

I have just allocated some serious money and thinking about investing about $50k on bitcoin. Someone convince me why I should buy $50k worth of bitcoins right now!

If you need random anonymous strangers on the internet to convince you, then you should not invest.

This.

A public forum is a horrible place to get information when you are trying to determine where to put your money.

With that being said I think that bitcoin will succeed over the long term and that the price will increase over the long term.

well, to be fair, i could see someone posting some compelling TA charts, or links and explanation of fundamental analysis, and it could be quite useful in fact. this is a new asset class -- and there is not much from the professional sphere that breaks it down for retail investors.

boumalo

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Quote from: Bit_Happy on June 15, 2014, 04:34:42 PM

Quote from: Gimmelfarb on June 15, 2014, 04:14:54 PM

...and i think we saw the first breakout of resistance this morning....

I normally enjoy checking BTC prices frequently, but the last couple of days I stopped watching for changes. This will just take time to get moving again, and $700 should happen later this month.

It was exciting and fun to be back closer to 700$ but we are @ 570$ now

It is Bitcoin so we could be @ a few thousands and on TV in a few months Grin

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: ?? on ??

Quote from: JessyMatt on June 14, 2014, 09:18:57 PM

I have just allocated some serious money and thinking about investing about $50k on bitcoin. Someone convince me why I should buy $50k worth of bitcoins right now!

If you need random anonymous strangers on the internet to convince you, then you should not invest.

This.

A public forum is a horrible place to get information when you are trying to determine where to put your money.

With that being said I think that bitcoin will succeed over the long term and that the price will increase over the long term.

Carra23

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Need a campaign manager? PM me

Quote from: Berghoff on June 14, 2014, 11:12:20 PM

I think you need to do your own homework rather than asking to be convinced. Its a risky investment. It could continue to grow or it could drop to zero.

Do you have specific questions?

Sound advise. Your money, your risk, you have to do your own due dilligence.

You can also look around for some so called 2.0 coins, though I do not have much faith in them.

Topic: $50k to Invest - Convince Me! - page 5. (Read 9117 times)