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Well depends on what you're planning on doing - what niche etc.
Normally I would always say listen to your gut but if you still feel the urge ask yourself why you want to get back in. Is it potential for money? networking? lifestyle? babes? There are many reasons - figure out which one and decide whether it's worth it.
The 50k can start a good site but depending on what I described above it may or may not go fast.
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