Bitcoin risky? It actually feels very, very safe to own Bitcoin right now :) - page 2.

pneumatic5

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Quote from: lister storm on February 14, 2016, 09:32:50 AM

yeah i have a small amount of bitcoins and i hold it without any doubts that the price will not drop at all

At a moment I think the price will rise, its better to hold bitcoins at a moment, but do not hold it too long, if it is giving you profit at any mode of time, I suggest you to sell it.

lister storm

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yeah i have a small amount of bitcoins and i hold it without any doubts that the price will not drop at all

2legit2

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There's always a small risk to have bitcoins, but if you buy them to sell them later for higher price then they're pretty safe

chokesir

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It always have been safe in my opinion if you have just at least 1 bitcoin in your hand.
The other bitcoin that you have earn or bought you can just trade or other things to earn more money.
So people who says is not safe will is not safe, but at least you can earn money if you careful enough.

Cconvert2G36

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Quote from: disclaimer201 on January 07, 2016, 11:47:09 PM

First of all, please learn some basic English. The language in this thread is so terrible that I need to guess half of the time what you want to say.
-snip-

To whom are you try responding?

disclaimer201

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First of all, please learn some basic English. The language in this thread is so terrible that I need to guess half of the time what you want to say.

Everyone here who shares the opinion that the Bitcoin price "will have to go up" because of the halving event has no clue about how Bitcoin is distributed. If halving will have an effect on the price it will take >many< months. There are now 15 million Bitcoins in circulation, and the only thing changing in summer is that the rate of newly mined coins will slow down but most coins that will ever be available will have already been mined and are for sale. If we will see a price increase apart from speculative bubbles (like today by the chinese, cheap volume trick by the way) I'm sure it will not be before 2017. Everything else is speculation, or perhaps new user adoption but has 0 to do with mining.

Raimonn

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It could be risky if you need the money in few days, no one can be sure that it will have the same price or higher in one week. But if you go to long time, it wouldn't be a problem. In few months the reward of minners will be the half (halving event), and its normal that prices increase with this. Also a lot of companies are investing in bitcoin directly or in bitcoin applications. In my opinion its safe. But no one can be 100% sure.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: johnyj on January 07, 2016, 11:08:15 AM

Not as safe as you think, the bitcoin in the end is just a protocol runs on thousands of servers around the world, if those servers agree, they can take your coin without your consent, especially when you don't own one of those servers

How?

denam

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Bitcoin is not risky anymore.It is safer investment opportunity for everyone.Price will go much more higher by the end of this year and will explode in couple of years.

boopy265420

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It is quite safe to own Bitcoin and best time to grab some while these gifted prices are available.The way is clear ahead towards stability,freedom and prosper future for Bitcoin as well as its holders.There is no such a risk to loose if you buy even at current prices.The price after halving if doesn't increase then too mining cost will not let them drop much.It see it safer now then last year.

ObscureBean

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If you're investing in Bitcoin on the side then the current situation can be quite thrilling especially with the halving around the corner but it would be a different story if you depended on Bitcoin for your food, rent, bills. That is the main reason people consider Bitcoin risky, because you can never really predict when Bitcoin moves up or down.

mtnsaa

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It's not really stable, it's better than stable! If you've bought like me 4 or 5 months ago at around $200 then it was always up. Of course it's a bumpy ride, but Bitcoin has been appreciating year after year, so it's completely safe to say that if you buy now, it will be worth much more in the next couple of years if everything remains relatively normal.

maku

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Couple Reddit threads being overly optimistic about stagnant price of bitcoin is not gonna change that bitcoin could be extremely volatile at times.
But it is true that people (me included) are surprised that bitcoin value is quite stable (last year a year before we always had bitcoin price crash in January).

bearex

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Right now it is safe, but it might crash at any momment. Or rise for that matter. But i will still keep them, because i think it will rise in the future.

BellaBitBit

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Seems safe to me!

The price seems pretty healthy right now and I just cannot see it crashing down anytime soon.

I saw an article today that Stanford is now offering an engineering coarse in Bitcoin, Stanford is top notch in academics and if they are on board that is a good sign.

Each day more and more mainstream articles are coming out about Bitcoin and banks are scrambling to create their own version.

All of these things make me feel it is very safe. I also believe strongly in the technology itself outside of the monetary gain possibilities.

Erkallys

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That's indeed that Bitcoin is a safe asset. The only thing that could cause a mass drop in the price would be that another crypto-currency become more adopted than Bitcoin (that we all obviously know will never happen).

johnyj

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Beyond Imagination

Not as safe as you think, the bitcoin in the end is just a protocol runs on thousands of servers around the world, if those servers agree, they can take your coin without your consent, especially when you don't own one of those servers

Kprawn

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I watched what happened in Greece closely and feel more comfortable having full control over my money, than trusting a back to keep it safe for me. I think the stock markets

can collapse every day. Why do they close the markets when there is a huge threat or something major happens? It's not to protect the investors interest, but to protect

themselves. Bitcoin place the financial responsibility squarely in your hands. You have FULL control. Grin

LFC_Bitcoin

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Quote from: bitpump on January 07, 2016, 02:08:04 AM

Bitcoin risky? It actually feels very, very safe to own Bitcoin right now

Some more thoughts:
https://www.reddit.com/r/Bitcoin/comments/3zmc53/i_am_becoming_convinced_that_were_headed_for_a/
https://www.reddit.com/r/Bitcoin/comments/3zthbr/bitcoin_crashing_up_stock_market_crashing_down/
https://www.reddit.com/r/Bitcoin/comments/3ztirs/i_dont_usually_do_short_term_price_predictions_but/

Totally agree.

- Stable (if not steady rising price).
- Close to guaranteed profit as a result of the halving.
- No threat of capital controls like there is in some countries with their fiat junk.

eternalgloom

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I know it seems relatively safe due to the 'low' volatility. At least compared to back in 2013 when we saw those sky high $1000+ prices.
But prices can still drop, however unlikely it may be with the reward halving so close.

Topic: Bitcoin risky? It actually feels very, very safe to own Bitcoin right now :) - page 2. (Read 3690 times)