$50k to Invest - Convince Me!

[JessyMatt]

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!

[virtualrealityau]

look at the graphs ..  it looks like it might be heading back up now, so now would seem like the right time.

[Chef Ramsay]

W/ all the investor money going into BTC peripheral companies, I'm way bullish on our crypto. Coinbase's latest deal where they allow merchants to be able to offer discounts to purchasers is great as it shows that using BTC gets you a better deal. The more this catches on will make average person want to use it more.

[Habeler876]

Well, depends what school of thought your looking at. Fundamental analysis? It's not very clear-cut -- quite different than stocks, etc. Technical analysis -- well, obviously there are many differing opinions from that perspective. A look at the long term log growth trend would indicate that it's certainly a good time to buy. But the question is, will that trend continue, and for how long?

Personally, I'm a bull.... but I can't be irrational about it.

[bl4kjaguar]

With bitcoin, you can earn great interest rates by "safely" loaning out your money on sites like BITFINEX, ICBIT, Playt.in, or really any borrower who you can trust.

[MNDan]

I think this is all you need to look at - and check out the second tab on the bottom as well.

https://docs.google.com/spreadsheet/ccc?key=0ArD8rjI3DD1WdFIzNDFMeEhVSzhwcEVXZDVzdVpGU2c#gid=1

[Berghoff]

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?

[arruah]

you can invest my loan
https://btcjam.com/listings/14276

[Gimmelfarb]

With bitcoin, you can earn great interest rates by "safely" loaning out your money on sites like BITFINEX, ICBIT, Playt.in, or really any borrower who you can trust.

it's not particularly safe. i don't know about the latter two sites (they sound shady and i've never heard of them), but on bitfinex, i'd say the order book is extremely thin for the amount of leverage traders can/have taken out. they don't guarantee you that money, you know, in the case of margin calls that can't cover liquidity provided. they may pay out, they may not....

[bananahunter67]

look at the graphs ..  it looks like it might be heading back up now, so now would seem like the right time.

+1, I was estimating 2K at the end of August, however, not sure why the price started to go back again...

[JessyMatt]

With bitcoin, you can earn great interest rates by "safely" loaning out your money on sites like BITFINEX, ICBIT, Playt.in, or really any borrower who you can trust.

What are my guarantees?

[cr1776]

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 to be convinced, probably best not to do it.

Loaning it out is even riskier. If you don't have your private keys, you don't have the coins.  If you do buy, don't leave the coins anywhere (eg avoid a Gox type situation) and use cold storage.

[boumalo]

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 are not sure buy 25k$ worth of bitcoins and use a very secured cold storage

Use the rest of it for an other investment like Gold or shares of natural ressources companies

[CaptainBeck]

"Rather than dig for gold, why not sell shovels"

With that much $$, why not invest in BTC tools of some kind, find companies you think are doing cool stuff and go with that.

[bitgold]

With bitcoin, you can earn great interest rates by "safely" loaning out your money on sites like BITFINEX, ICBIT, Playt.in, or really any borrower who you can trust.

What are my guarantees?

Your guarantee will be that Brooklyn bridge that I own 

[Gianluca95]

With bitcoin, you can earn great interest rates by "safely" loaning out your money on sites like BITFINEX, ICBIT, Playt.in, or really any borrower who you can trust.

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 

[Tzupy]

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$.

[joshraban76]

Because simply, the price is going up again, you can read more in the speculation forum.

Or, you can come with a solid UNIQUE idea which is bitcoin-oriented and make profit from it.

[CaptainBeck]

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$.

Depends if you think it will spike up or down again, if you think it will spike up, then a good time to buy in on BTC, if you think its only the start of a drop, then yes its a bad time to get in on this.

[Keyara]

A fool and his money would soon departed.

Putting money in bitcoin is a gamble. You might double your money if you are lucky. You might also lose it all if you are not so lucky.