I have 3 Million USD to invest into Crypto Currency - How should I do it?

[619mining]

I am in a situation where I must make some decisions on how to proceed with a budgeted investment into Crypto currencies.

Our group is looking to speak with all equipment manufacturers and anyone who might have some splendid ideas on how to best
capitalize on crypto. 

Specifically, we wish to entertain all avenues of investment.

Note that this investment can grow to as much as 10M over time however as a group we have elected to begin with 3M and take things
in stride.

We are wanting to see who can offer the best mining hardware and at the best price. Don't bother offering me used gear and/or crazy high prices for 1.4Th units etc...

We are also looking into ATM machines and establishing an ATM network for Crypto-Currency etc.

Feel free to contact me on skype: host.wanted

No phone calls please.  If you skype me I can give you my email address as a first form of contact, and then we can maybe get on a call.

I own a few datacenters so Im looking to fill them with my own equipment as well as other peoples colo bitcoin rigs and the like.

So the question of this thread is:  IF YOU HAD 3M, what would YOU do with it in Crypto?  let's get the creative juices flowing and see where it goes.

Ya'll ready?

[kickbit]

I don't believe a man who has gained 3M USD would ask an advice about investments on forum

[619mining]

I don't believe a man who has gained 3M USD would ask an advice about investments on forum

Pardon me? I assumed that I was in a place where those in the know about cryptocurrencies would be plentiful.
A fool is the man who invests into an idea without first marinating himself in its theory and pulse.

Now, if you are one of those who know and care to make a productive comment, please proceed.

And I am not here for you to believe me, it is I who must believe in bitcoin and/or its siblings.

Cheers.

VainGlorious
619Mining.com

[hirschhornsalz]

I would buy bitcoins and sell them when they get to $2000 

[619mining]

"I would buy bitcoins and sell them when they get to $2000"

How sure are you that it will get back to that point and please elaborate on your current state of confidence. Is your confidence driven by trends you see or just a gut feeling?  Has anyone done a true study of just how far bitcoin has gone in the world and if it's cementing itself in or not?

[boumalo]

If you want to get into mining you have to understand it is very hard to be among the best so you better invest a lot of time and get a lot of human capital to go with your 3m to be profitable

Buying bitcoins and securing them well is a good way to profit from the future adoption of Bitcoin and its development; you can invest in bitcoins websites or create one if you can as well.

[619mining]

"If you want to get into mining you have to understand it is very hard to be among the best so you better invest a lot of time and get a lot of human capital to go with your 3m to be profitable"

In this regard I am well covered as I have an entire technical staff to deploy, monitor and tune rigs. We already do this for our customers, some of which are at very high levels of hash rate.

What types of ideas are out there regarding what you refer to as bitcoin sites?  Like a coinbase type site or are you thinking something more?

[cobra89y]

From what I see a bitcoin ATM has high fees, maybe you could invest into a lower fee ATM it could be more profitable. Bitcoin is suppose to be easy to get/use. Right now that seems like a long way off to me. At least for mass market. Cash only to bitcoin would be viable for the privacy, help reduce chances of cc fraud and such.

[619mining]

I agree, ATM's should always be convenient and not overpriced. The guys who are running ATM's with nutty fees are only hurting
bitcoin as a whole. I know its fun to profit big right now in the early stages but in reality you have to make the cost similar to US$ ATMS
or people wont want to use them.  To much cost = lack of fans who like the product.

[ChuckBuck]

I voted Crypto ATM network.  Spread the BTC love across the land.

With that much capital, you can actually do all the above.  No need to go all-in in one single venture.

[bitstock]

My advice is to buy BTC, or you can consider to buy some ripple. Don't try to get a single investment

[619mining]

Do you see Ripple going anywhere?  I see google is funding this buttercoin thing.. seems a bit off the path for them when they are
trying to push Ripple right?

[beatljuice]

Seems like helping the cryptocurrency community by investing in a business that is promoting it would be the best for everyone.

1. If you're smart with the investment you'll probably make money.
2. The community will benefit from another business.
3.  You can get involved and express yourself through relationships and your own knowledge and experience.

Buying and holding is certainly a pretty safe bet, and so is mining, but neither will give you the rewards that real personal participation in something will.

NOTE: I'm saying this to myself also. Hiding in my office and mining and holding aren't doing much more than making me some money. Money's nice but I'd really like to get my hands dirty a bit more and participate more fully in this community.

[cloudminingreviews]

Well I thought  about it at Christmas when the media was all over BTC and decided that "during a gold rush, sell shovels", so instead of taking a risk and buying bitcoins or a mining rig I setup www.cloudminingreviews.com for $10 and made a profit the first month and a steady weekly commission since then plus BTCs from direct banner advertising.

If you notice the ones making it are the hardware providers, e-wallets, payment network etc. If you have 3-10M you should invest in the infrastructure or an ad-based platform.

I would entertain the idea of selling my site :-)

[619mining]

Seems like helping the cryptocurrency community by investing in a business that is promoting it would be the best for everyone.

I really am liking this thinking.  Support the community and the community will support you.

Now to come up with some ideas and ponder them.


I also like the whole idea of when there's a gold rush, sell shovels.   Thats how Levis Jeans got started.. during the gold rush the
guys needed more durable  pants, so the tent maker started making pants out of the canvas material used traditionally for tents
and voila, the miners were better protected and Levi's became a gold rush of its own.

I might consider taking on some miners gear for free in my datacenter in trade for a % of the mined coin.
If I do this enough it could multiply greatly and also save people the startup and monthly costs.
Just an idea though.

[boumalo]

"If you want to get into mining you have to understand it is very hard to be among the best so you better invest a lot of time and get a lot of human capital to go with your 3m to be profitable"

In this regard I am well covered as I have an entire technical staff to deploy, monitor and tune rigs. We already do this for our customers, some of which are at very high levels of hash rate.

What types of ideas are out there regarding what you refer to as bitcoin sites?  Like a coinbase type site or are you thinking something more?

Investing in JD's bankroll if it's legal in your country or buy a Bitcoin website

[619mining]

What the heck is JD's Bankroll?

[guitarplinker]

You could always split it up, say 25% towards mining gear, 50% into bitcoin directly and the other 25% into promising altcoins, that might be a good decision for you and your group.

[IamRichard]

Invest in BTC itself

When the bitcoin ETF gets released (hopefully q4)
I am willing to bet it will become the largest holder of bitcoin in the future. Just like USO, UNG, SLV, GLD etc

Joe 6 pack will be able to invest in btc directly, along with every mutual, hedge, pension, fund of funds etc.
It will be "uncool" for funds to not hold the ETF. They will also use it as a marketing point.

do your DD and you will see

[boumalo]

What the heck is JD's Bankroll?

It is a betting bitcoin casino https://just-dice.com/

"You can invest some of your balance with the site for other players to bet against. This both increases the maximum bets on the site, and you keep any profits made. You also 'keep' any losses."

I would keep a sizeable amount of BTC on a brain wallet or paper wallet with multisig; buy a few alt currencies in case for "small amounts"

On the other hand, if you know you can make money mining, maybe you should do that if making money means getting a positive ROI in BTC