Quote from: portalufonet on January 21, 2014, 11:04:37 PM

Guys, I don't know what to do, I have $ 41,000 dollars to invest in bitcoins and litecoins but I am in doubt. Many people saying to wait for the outcome of the meeting of the senate 28~29th january, others saying to wait until after the 31 January (not sure why).

I need more opinions, URGENT, please.

thank you

What exactly are you waiting for? Is the 41k that you have completely separate from your savings, or is that all the money you have to your name? If it is all of your savings, i wouldn't suggest investing that big of a portion of it.

If I were you I would invest maybe about 10-15k right now, and hold the rest, and see how things develop throughout the remainder of the month. The market has held pretty flat over the past week or so (which isn't too long in real time, but in bitcoin time, it seems like an eternity).

I would spread maybe 65% BTC and 35% LTC, or maybe 70/30 if you are more comfortable with that. I wouldn't put all of it into one or the other. Another thing you have to take into account is how long you are going to plan on holding the coins. If you are just looking to flip them for a quick profit, then the price right now may be kind of expensive (therefore) you may want to wait to see what happens with the senate meeting. If you are holding long term and believe in the true growth and potential of bitcoin, then the price right now is cheap and you should get as much invested as possible.

Regardless of the outcome of the senate meeting, we may see some short term dips or panic sells if it is bad news, and then it will rebound back over time. If it is all good news, then the price will spike (but will probably correct itself back down slightly thereafter).

Ultimately, don't invest an amount that is going to negatively affect the way you live your life, or make you have sleepless nights over the value of BTC or LTC.