$50k to Invest - Convince Me!

[JessyMatt]

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.

Not looking to gamble. I'm looking at bitcoin as a long term investment. I just don't know how solid that investment will be!

[JessyMatt]

Sellers are exhausted here. I don't think we'll see under $500 for a long time, if ever.

I got a little scared over the weekend though...was going back and forth!

[OROBTC]

...

@ JessyMatt

If $50,000 is a BIG part of your net wealth AND you were scared by the price volatility over just one weekend, then I would suggest that you not put all 50k in BTC...

Spread some of your money into other things, you will likely sleep better.

***

But, on Thursday I am going to a Meetup to learn more about BTC and do some buying myself...

[Corelianer]

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.

Not looking to gamble. I'm looking at bitcoin as a long term investment. I just don't know how solid that investment will be!

Whoever is interested in longtherm investing in Bitcoin should buy longtherm. As you know Bitcoin is volatile, if you buy several times you avoid buying at tops. You get more some sort of an average price. But since Bitcoin has a golden future (maybe in 5 or 10 years, hopefully sooner) you will be paid very well.

Spread your investment over a longer period and set some buy orders at redicculose low levels (for example this 340 USD). You might be lucky and a spike down gets your order fullfilled.

[boumalo]

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.

Not looking to gamble. I'm looking at bitcoin as a long term investment. I just don't know how solid that investment will be!

Whoever is interested in longtherm investing in Bitcoin should buy longtherm. As you know Bitcoin is volatile, if you buy several times you avoid buying at tops. You get more some sort of an average price. But since Bitcoin has a golden future (maybe in 5 or 10 years, hopefully sooner) you will be paid very well.

Spread your investment over a longer period and set some buy orders at redicculose low levels (for example this 340 USD). You might be lucky and a spike down gets your order fullfilled.

If you set buy orders you need to block some money on exchanges which is kind of risky

I have no problem with buying over the course of 3months 6months and a year as it may reduce your variance

[NapoleonBonaparte]

Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

[boumalo]

Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential

For exemple, Paypal valuation is 40Billions

[EcuaMobi]

I really think Bitcoin is going up. But of course there's a big risk.

I'd invest $50k only if I had $1M+, to be honest.

[NapoleonBonaparte]

Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential

For exemple, Paypal valuation is 40Billions

Bitcoin has many other competitors out there more than Paypal. And governments around the world are doing everything they can to discourage its usage.

[counter]

Start a thread asking how many people regret not getting into BTC when they first learned about it.  Then ask them how many would still invest today and I have a feeling you will begin to have a clue of how Big BTC could be. 

I'd look for all different kinds of ways to invest not just in buying and holding BTC itself.  Ofcourse I'd have a hefty stash of coins, I just think their are other opportunities to bad had.

[Corelianer]

Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential

For exemple, Paypal valuation is 40Billions

Bitcoin has many other competitors out there more than Paypal. And governments around the world are doing everything they can to discourage its usage.

Lots of people think that Bitcoin is great to do payments. I'm not sure if payment-protocol is the perfect use-case for Bitcoin.
But what I do know is, that Bitcoin is great in what it was intentionally ment to be. Good for hoarding. Good to put your savings away.

Costs you 0.- to hold it over years, compared to other commodities

The clue is that bitcoin needs to attract people, but it's only attracting people if the price is right.
And the price is only right if the chart is right.

The difference between the .com bubble and the Bitcoin bubble is that the .com companies burn money every day (because they have to pay bills, employees..... ).
The Bitcoin value doesn't get burned away by just sitting there. It only goes down if people sell and quit with Bitcoin. If more people leave than enter.

I'm here to stay

[zakalwe]

Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential

For exemple, Paypal valuation is 40Billions

Bitcoin has many other competitors out there more than Paypal. And governments around the world are doing everything they can to discourage its usage.

Lots of people think that Bitcoin is great to do payments. I'm not sure if payment-protocol is the perfect use-case for Bitcoin.
But what I do know is, that Bitcoin is great in what it was intentionally ment to be. Good for hoarding. Good to put your savings away.

Costs you 0.- to hold it over years, compared to other commodities

The clue is that bitcoin needs to attract people, but it's only attracting people if the price is right.
And the price is only right if the chart is right.

The difference between the .com bubble and the Bitcoin bubble is that the .com companies burn money every day (because they have to pay bills, employees..... ).
The Bitcoin value doesn't get burned away by just sitting there. It only goes down if people sell and quit with Bitcoin. If more people leave than enter.

I'm here to stay

Nice argumentation, I agree

+1

[GangkisKhan]

Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential

For exemple, Paypal valuation is 40Billions

Bitcoin has many other competitors out there more than Paypal. And governments around the world are doing everything they can to discourage its usage.

Lots of people think that Bitcoin is great to do payments. I'm not sure if payment-protocol is the perfect use-case for Bitcoin.
But what I do know is, that Bitcoin is great in what it was intentionally ment to be. Good for hoarding. Good to put your savings away.

Costs you 0.- to hold it over years, compared to other commodities

The clue is that bitcoin needs to attract people, but it's only attracting people if the price is right.
And the price is only right if the chart is right.

The difference between the .com bubble and the Bitcoin bubble is that the .com companies burn money every day (because they have to pay bills, employees..... ).
The Bitcoin value doesn't get burned away by just sitting there. It only goes down if people sell and quit with Bitcoin. If more people leave than enter.

I'm here to stay

The cost to have the infrastructure running and electricity for mining (as well as confirmation) aren't cheap. The cost for miners is not cheap also, which indirectly guard against 51% attack.

[FattyMcButterpants]

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!

free advice: people on this forum will only push you to benefit their own position. so the general rule (around here) is: bullish always, UP UP UP! this is a forum full of holders (some of them with heavy bags)....

[boumalo]

Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential

For exemple, Paypal valuation is 40Billions

Bitcoin has many other competitors out there more than Paypal. And governments around the world are doing everything they can to discourage its usage.

Lots of people think that Bitcoin is great to do payments. I'm not sure if payment-protocol is the perfect use-case for Bitcoin.
But what I do know is, that Bitcoin is great in what it was intentionally ment to be. Good for hoarding. Good to put your savings away.

Costs you 0.- to hold it over years, compared to other commodities

The clue is that bitcoin needs to attract people, but it's only attracting people if the price is right.
And the price is only right if the chart is right.

The difference between the .com bubble and the Bitcoin bubble is that the .com companies burn money every day (because they have to pay bills, employees..... ).
The Bitcoin value doesn't get burned away by just sitting there. It only goes down if people sell and quit with Bitcoin. If more people leave than enter.

I'm here to stay

I can add to your argumentation that you can travel with your wealth stored in a brain wallet and it's great to wire money

[faalhaas]

50k serious money ? hahaha
I'm 22 year toyboy with 300 btc , this is bitcoin and your nothing my man.
Go pump some alt coin , maybe your ego will get satisfied .

[boumalo]

50k serious money ? hahaha
I'm 22 year toyboy with 300 btc , this is bitcoin and your nothing my man.
Go pump some alt coin , maybe your ego will get satisfied .

You look like you have something to prove, you are frustrated and you are not happy

Care to sign an address which has 300BTC to give some credibility to your claim?

[Swordsoffreedom]

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!

The FBI is auctioning off its coins and the rich organizations and individuals are flocking to bid and buy them
For investment purposes or to have Bitcoin capital
If they were not a serious investment why would so much interest be around this auction.

[ShakyhandsBTCer]

Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential

For exemple, Paypal valuation is 40Billions

Bitcoin has many other competitors out there more than Paypal. And governments around the world are doing everything they can to discourage its usage.

Lots of people think that Bitcoin is great to do payments. I'm not sure if payment-protocol is the perfect use-case for Bitcoin.
But what I do know is, that Bitcoin is great in what it was intentionally ment to be. Good for hoarding. Good to put your savings away.

Costs you 0.- to hold it over years, compared to other commodities

The clue is that bitcoin needs to attract people, but it's only attracting people if the price is right.
And the price is only right if the chart is right.

The difference between the .com bubble and the Bitcoin bubble is that the .com companies burn money every day (because they have to pay bills, employees..... ).
The Bitcoin value doesn't get burned away by just sitting there. It only goes down if people sell and quit with Bitcoin. If more people leave than enter.

I'm here to stay

Bitcoin was not meant for hoarding.

Bitcoin was designed to be a P2P way of transmitting payments that is not centralized and resolves the double spending issues with other P2P payment methods.

If you think that bitcoin is meant for hoarding then what would give it it's value?

[boumalo]

Seem like everyone giving you advice think bitcoin still go up many folds over the foreseeable future.

Beside dotcom bubble which make a small number of early investors extremely wealthy, I can't think of any investment that will go up exponentially for late investors.

Bitcoin market cap is 7.7Billions it could reach hundreds of billions of market cap of today's dollar considering the potential

For exemple, Paypal valuation is 40Billions

Bitcoin has many other competitors out there more than Paypal. And governments around the world are doing everything they can to discourage its usage.

Lots of people think that Bitcoin is great to do payments. I'm not sure if payment-protocol is the perfect use-case for Bitcoin.
But what I do know is, that Bitcoin is great in what it was intentionally ment to be. Good for hoarding. Good to put your savings away.

Costs you 0.- to hold it over years, compared to other commodities

The clue is that bitcoin needs to attract people, but it's only attracting people if the price is right.
And the price is only right if the chart is right.

The difference between the .com bubble and the Bitcoin bubble is that the .com companies burn money every day (because they have to pay bills, employees..... ).
The Bitcoin value doesn't get burned away by just sitting there. It only goes down if people sell and quit with Bitcoin. If more people leave than enter.

I'm here to stay

Bitcoin was not meant for hoarding.

Bitcoin was designed to be a P2P way of transmitting payments that is not centralized and resolves the double spending issues with other P2P payment methods.

If you think that bitcoin is meant for hoarding then what would give it it's value?

Bitcoin is also used as a store of wealth, wealth you can move or transfer easily and cheapily without having a third party risk