I have $40,000 to invest

[Beta-coiner1]

If it were me I would split it evenly between mining hardware and buying BTC.

I would put in a range of buy orders for BTC of ~15,000 when the market seems to be plunging and buy the rest in LTC.For any BTC ASIC,I would wait until one of the .28 nm ASIC companies to deliver on one of their products first and if it is successful invest in their upcoming generation.

I think by the end of the year we might be looking at devices closing in on well over 200 terahash next year.

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[davewr2013]

If you want to buy a miner and can't get immediate delivery -- or close to it.

I would recommend using the money as a down payment on a cottage or a boat.

[creativex]

If you want to dabble in mining hardware then bitfury 55nm products for Oct delivery = easy decision. Ignore all the 28nm magical unicorn powered ASIC hype until someone actually makes a real live tangible product AND ships it...hold the vapors. Even then, do not be drawn into a long lead time order queue, these are ROI meat grinders with massive risk and little associated upside at this point.

Exchange some fiat for bitcoin and then exchange some bitcoin for litecoin. Something along the lines of a 90/10 BTC/LTC split. Ignore all the other alts.

Then if you're really feeling adventurous down the road and have done mass quantities of research you can deploy some portion of your cryptos and invest in a few established crypto securities. If you do this last then do so in an absolutely sterile emotionless fashion(or as near as you can manage). This is the unregulated wild west and there are people all over that attempt to cause large price swings just to shake out weak hands and increase their profits at others' expense.

Best of luck whatever you decide.

[BitcoinMillionaire]

thanks to everyone. I have decided to just invest in the coin and not worry about mining. it seems to be falling now so I might wait a few weeks. hopefully i can pick it up at $100/each.

[fellowdj]

thanks to everyone. I have decided to just invest in the coin and not worry about mining. it seems to be falling now so I might wait a few weeks. hopefully i can pick it up at $100/each.

Investing can be fun! Have you thought about trading in altcoins? I have been and it's kept me entertained seeing the prices go up

I use Vircurex and have this Referral Code that gives you 10% off fees + extras if you want to give it a go:

Referral Code: 534-2017

More info:
https://bitcointalk.org/index.php?topic=287997.0

[fivesky55]

thanks to everyone. I have decided to just invest in the coin and not worry about mining. it seems to be falling now so I might wait a few weeks. hopefully i can pick it up at $100/each.

Investing can be fun! Have you thought about trading in altcoins? I have been and it's kept me entertained seeing the prices go up

I use Vircurex and have this Referral Code that gives you 10% off fees + extras if you want to give it a go:

Referral Code: 534-2017

More info:
https://bitcointalk.org/index.php?topic=287997.0

Hi,
As current volatility in bitcoin market and exchanges, it is actually not a good time to trade in bitcoin! Due to the high charges as compared to forex market or commodities, maybe another 5 times of current daily trading volumes only will view as a profitable chances to jump in! Just for reference!


Cheers