Some great advice here.  J&J thank you for all the tips.

Both Jack and Jill will keep their day jobs.  The main consensus is to to buy and hold BTC.  Jill will take a portion of the funds and play the volatility. Taking a portion of any profit to HOLD.  Wash and repeat.  Any losses will have to be subsidized by J&J's normal income.

IF the profits arise in a timely fashion, as speculators believe they will, then that should provide initial funding for a mining operation for Jack down the road.  Jacks plan would be to start small while increasing capacity steadily and consistently.  Reinvest in the Mine with generated and earned BTC. 

In theory it sounds nice but most of us should know that Murphy's Law steps in and stomps on nearly everything.  So... lets see. 

Why does it take so G.D.L. to move USD'ers from a bank into an exchange?  A WEEK!!!  Really!  I thought this train was moving at internet speeds not using the Pony Express. 

Jack and Jill have a bathtub full of 20 Dollar bills that some old Baby Boomers left them when they kicked the bucket.  The contents of that bathtub total 5,000 USD.  Jack has a good Job with plenty of flexibility while Jill works from home.  They have no children with no plans to have any.

Jack comes home after reading all the news about BTC's soaring prices.  He says to Jill he would like to get involved and see what BTC is all about first hand.  Jill turns around and says i heard about it as well... I want to trade the volatility during the day.  Jack says he would like to run a Mine. This would allow him to generate passive income. 

How would we best accommodate Jack and Jill in the above scenario?