Should I invest $70,000 in Bitcoin? How should I do it?

[rauderce]

A great idea would be to invest 2-4k in Bitcoins (money that you can lose), and bring the rest to a trusted financial adviser.
If you are fully comfortable with the possibility of losing more money you can use the cash to invest in BitCoin startups or companies, to be honest, it would be better than speculating in BTCs directly. 

Wrong!

http://www.youtube.com/watch?v=psPr1dRiyeY&feature=youtu.be

great video, great point taken

[totemITnow]

If you are fully comfortable with the possibility of losing more money you can use the cash to invest in BitCoin startups or companies, to be honest, it would be better than speculating in BTCs directly. 

I personally wouldnt invest in BitCoin startups or companies. It seems extreme risky to me.

[leannemckim46]

I am about to receive $70,000 in a couple days. My parents want me to put it into an investment account, but I am thinking about investing in BITCOIN. Do you think that I should do this? What would be the best way to invest in BITCOIN? How long should I keep it invested? What is my probability of loosing money? Thanks a lot for your opinion.

You can invest in Bitcoin but maybe about 25% - 50% of your total portfolio..

The rest go to high interest CD, gold, stock and etc.

[Herp]

If you are fully comfortable with the possibility of losing more money you can use the cash to invest in BitCoin startups or companies, to be honest, it would be better than speculating in BTCs directly.  

I personally wouldnt invest in BitCoin startups or companies. It seems extreme risky to me.

Among the few startups I find interesting is the Neo&Bee bitcoin bank/payment network https://www.havelockinvestments.com/order.php?symbol=NEOBEE. They are basically a bet on the rise of Bitcoin as a commodity as they'll basically be buying Bitcoin with customer's euros. It's also a bet on the future of banking. So you get to hit two birds with one stone.

[faiza1990]

If you are fully comfortable with the possibility of losing more money you can use the cash to invest in BitCoin startups or companies, to be honest, it would be better than speculating in BTCs directly. 

I personally wouldnt invest in BitCoin startups or companies. It seems extreme risky to me.

agree currently investing in bitcoin is very risky just watch then do something any bad decision and you lost all money

[Scorscribler]

eggs and baskets my friend. baskets and eggs.

[Birdy]

Buy a small amount of Bitcoins first to get used to it (especially how to store them securely).
Avoid the tons of other investments that are going on here, unless you really know what you are doing (altcoins, mining equipment, securities)!

The biggest risks are trojans stealing your Bitcoins (avoidable by storing offline) or you screwing up something (e.g. accidently deleting the wallet, having no backup)

[oyeTorry]

What would be the best way to invest in BITCOIN? How long should I keep it invested? What is my probability of loosing money?

Buy at respectable Exchange like Bitstamp or Coinbase (if your US based). Learn to use secure handling of BTC with small amounts first (Armory offline or paper wallets)

[Falcon68]

i'd wait until the price drops again I don't see it staying as high as it is right now.

[Birdy]

i'd wait until the price drops again I don't see it staying as high as it is right now.

That's pure speculation, but of course the price could go lower.
You could buy only some now to avoid missing the boat entirely and buy more if it drops to get a better average.

[Eternity]

Bitcoins rates are very high now

Wait for sometime so the rates comes down you can then invest half of the amount

[wachtwoord]

Only if you have the ability to leave it alone for at least 10 years, even if the price crashes, or when it rises rapidly. Don't look at the market price if you have to.

If you cannot do this, don't do it.

[rascal777]

Use CoinBase to Buy Bitcoins...  Keep some bitcoins there, and transfer a few to your bitcoin wallet.  Backup and Encrypt your bitcoin wallet.  Do not loose your Password or lose your wallet.dat file.

Risky is to invest in some bitcoin startups... I wouldnt do that.

Possibly take some bitcoins and transfer to BTC-e and buy some Litecoins.  But not a lot, say 10 BTC worth.


Also if in the US, and you are using coinbase, use my referral linky, because I haven't even gotten one referral yet:

https://coinbase.com/?r=51b32620106c3c3d58000001&utm_campaign=user-referral&src=

[Bullionado]

Go for the 20% rule.

Invest 20% each in Bitcoin, Gov/Corporate Bonds, Gold, Silver and Platinum.

[waltermot321]

Go for the 20% rule.

Invest 20% each in Bitcoin, Gov/Corporate Bonds, Gold, Silver and Platinum.

20% rule is good but too much on commodity. I would suggest only 20% on Gold, Silver and Platinum....

[Bitcoinking27]

diversify put 10-20k in bitcoins, the rest elswhere

[Gemminyc]

i'd wait until the price drops again I don't see it staying as high as it is right now.

That's pure speculation, but of course the price could go lower.
You could buy only some now to avoid missing the boat entirely and buy more if it drops to get a better average.

The averaging works, I buying small amount almost every month. I dont look at price often so I am immune from panic sell 

[ninjaboon]

Buy MasterCoins then. It  was 0.01 few weeks back and now it' selling for 0.29 per MSC on http://buymastercoin.com/
MasterCoin Buyer/Seller Thread : https://bitcointalk.org/index.php?topic=287145.0

[Bullionado]

Go for the 20% rule.

Invest 20% each in Bitcoin, Gov/Corporate Bonds, Gold, Silver and Platinum.

20% rule is good but too much on commodity. I would suggest only 20% on Gold, Silver and Platinum....

Value acquisition is the name of the game. The precious metals market has been the target of panic selling in 2013, which makes it ripe for buying.

Physical bullion will never let anyone down over the long run.

[pinger]

Buy MasterCoins then. It  was 0.01 few weeks back and now it' selling for 0.29 per MSC on http://buymastercoin.com/
MasterCoin Buyer/Seller Thread : https://bitcointalk.org/index.php?topic=287145.0

I don't think invest in another alt coin is a good investment long term, at least is higher risk than bitcoin.