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Author Topic: $50k to Invest - Convince Me!  (Read 8881 times)
boumalo
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June 15, 2014, 03:40:53 PM
 #21

Right now is a bad time to invest in BTC. There should be a consolidation during the next 1 - 2 weeks.
If after that it breaks up, it should reach 800$ before a downward correction. If it breaks down, then it will drop well below 340$.

It has gone from 1200 to 700 then 560 now (after it went lower), it is better to buy when the sentiment is lower than it should be

We don't know if it will go much lower than this before it spikes up

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makebitcoin
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June 15, 2014, 04:48:42 PM
 #22

Don't put all your money in one basket. Diversify your bonds brother!
Justine
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June 15, 2014, 05:29:29 PM
 #23

If this guy is asking an advice from strangers in this forum, how long do you think his money will last?
joshraban76
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June 15, 2014, 05:34:14 PM
 #24

If this guy is asking an advice from strangers in this forum, how long do you think his money will last?


Is it a must to ask someone I know well "family,friends" to be convinced ?

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Justine
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June 15, 2014, 05:41:15 PM
Last edit: June 15, 2014, 06:04:51 PM by Justine
 #25

If this guy is asking an advice from strangers in this forum, how long do you think his money will last?


Is it a must to ask someone I know well "family,friends" to be convinced ?


To be a good investor, he must do his own homework and know the risk and potential payoff.
boumalo
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June 15, 2014, 05:54:14 PM
 #26

Don't put all your money in one basket. Diversify your bonds brother!

He said he has 50k$ to invest in Bitcoin; he probably has much more invested

For diversification it is important to think about geographic, sector, systemic risk, tax and politics

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June 15, 2014, 06:10:05 PM
 #27

A fool and his money would soon departed.

Yup. No sure thing about making money other wise it would be completely covered, especially when it sounds so good.

Also doing your own homework is a great way to find out BTC rather than us, unless you want us to invest it for you OP.
joshraban76
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June 15, 2014, 06:24:15 PM
 #28

If this guy is asking an advice from strangers in this forum, how long do you think his money will last?


Is it a must to ask someone I know well "family,friends" to be convinced ?


To be a good investor, he must do his own homework and know the risk and potential payoff.


Where does this contradict with what the OP is asking for ?

Did he tell us, I will be making X, kindly make it for me and I will just enjoy the profits ?

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OROBTC
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June 15, 2014, 08:02:59 PM
 #29

...

boumalo is offering excellent advice: diversify!

And if you do not own any gold, then buy some.  The real thing, not "paper gold".
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June 15, 2014, 08:59:02 PM
 #30

If this guy is asking an advice from strangers in this forum, how long do you think his money will last?


Is it a must to ask someone I know well "family,friends" to be convinced ?


To be a good investor, he must do his own homework and know the risk and potential payoff.


Where does this contradict with what the OP is asking for ?

Did he tell us, I will be making X, kindly make it for me and I will just enjoy the profits ?

This forum is known to be full of scammers. I have a toll bridge to sell if you are interested.


Bit_Happy
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June 15, 2014, 09:05:49 PM
 #31

Convince Me!
The traditional ACH system for transferring money is very slow compared to Bitcoin. You are witnessing a rare opportunity to be part of a major change in the way the world moves, stores and uses money.

Gimmelfarb
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June 15, 2014, 09:14:54 PM
 #32

Right now is a bad time to invest in BTC. There should be a consolidation during the next 1 - 2 weeks.
If after that it breaks up, it should reach 800$ before a downward correction. If it breaks down, then it will drop well below 340$.

i agree generally -- though i feel that we saw seller exhaustion last night. either higher lows or lower low w/ bullish rsi divergence on all exchanges. and i think we saw the first breakout of resistance this morning.... Smiley
Bit_Happy
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June 15, 2014, 09:34:42 PM
 #33

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

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.

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June 15, 2014, 09:36:15 PM
 #34

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

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.

i certainly think $700 will happen later this month... i think we may see it sooner than some bulls think, even. i think we saw real seller exhaustion here, so when this starts to break up, there will be a good amount of panic this time -- not just short squeeze like the last bounces...
Bit_Happy
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June 15, 2014, 09:40:49 PM
 #35

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

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.

i certainly think $700 will happen later this month... i think we may see it sooner than some bulls think, even. i think we saw real seller exhaustion here, so when this starts to break up, there will be a good amount of panic this time -- not just short squeeze like the last bounces...

$50k to Invest - Convince Me!
OK, I'm convinced...Now I need to come up with $50,000 in extra income.  Cheesy

Carra23
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June 15, 2014, 09:57:16 PM
 #36

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.
ShakyhandsBTCer
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June 15, 2014, 10:04:30 PM
 #37

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.
boumalo
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June 15, 2014, 10:29:21 PM
 #38

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

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

Gimmelfarb
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June 15, 2014, 10:29:58 PM
 #39

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.
transient858
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June 15, 2014, 10:30:47 PM
 #40

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

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