Post
Topic
Board Economics
Re: Buy now or wait ? $41,000 to invest in bitcoins and litecoins
by
Crunchies
on 22/01/2014, 00:08:08 UTC
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).

Yes, this. Also use this time to get to learn how the exchanges work. Try the different wallet softwares available, maybe do some minor transactions but keep most in cold storage.

Quote
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.  

Yes, this. You want bitcoin to possibly improve your quality of life. Don't let it ruin it.