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Buying any cryptocoin right now is a BIG risk. Though, bitcoin sure has been on a tear lately. There are many altcoins that you could invest in... but those are even riskier. Everything in the cryptocoin world is risky right now.
Honestly, if I was going to spend some money, I would think about picking up some Litecoin. The prices are ultra-low right now. 9/10 the price of Litecoin will go back up. Once Litecoin hits Mt. Gox there will be a big boost. Not sure about the future of Litcoin in the long run.
Buying an ASICs is a waste of money. Buy the time it's delivered it's already outdated.
You can make quite a bit of money day trading altcoins. But that takes a lot of time and knowledge about which altcoins to invest in.
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