Topic: Does anyone else feel like Bitcoin is a safe investment? (Read 6760 times)

Every investment can be volatile, bitcoin is actually less volatile on the down side now than it was when it dropped from 30 to 2 dollars back in the day. It does depend on your time horizon, for instance if you hold property, that market can trend in one direction for decades if you bought tokyo property at its peak you were not going to get your money back. Basically if your investment horizon is more than a couple of years with bitcoin you should be good as long as new people keep adopting it.

I am not sure if you want to invest in bitcoin due to the rapidly changing prices

The risk depends on your duration like any other investment as well, its definitely not a bond with a guaranteed return but nonetheless if you have time and patience it will probably be a very good investment.

Although Harley is right it depends on what innovations are created and how Bitcoin measures up in the long long term.

You are correct to understand some of the risks of holding UK pounds, however you are not correct to understand the risks of holding BTC.

It would be possible that someone creates a "better" (meaning adopted by a larger portion of the population) or a "fairer" (meaning perceived as more fair by the population) coin. Another possibility is that someone could find and exploit an unknown weakness in Bitcoin.

I would consider BTC to be highly speculative. I think it will go up in the long run, but this is not without risks.

It's not safe buy I'm ready to take the risk ,Beside owning the coins (which is an investment itself ) I joined a HYIP program called CRYPTORY ,and so far I'm satisfied about it I'm getting my pay-outs daily

Whether Bitcoin is a safe investment or not also depends on the way you use it. Bitcoin parked in cold storage with a secure password and a backup in another location is a reasonably safe. Bitcoin on your laptop at home with a short password and no backup is just asking to be lost or stolen.

I wholeheartedly feel that if you are looking at it from a long term standpoint that it is a safe investment.  I don't think it is that safe anymore to turn a huge profit in a few days...but then again no "safe" investment offers upwards of 25% appreciation in the short term (otherwise everyone would be doing it).

I am honestly look at my BTC holdings as another savings account, since I don't really ever sell, and I don't really buy all that much anymore (except during flash crashes)...

Is people's faith included in the "intrinsic" definition, that is, I know what people are willing to exchange the currency for and I have a certain amount of faith for that and that adds to the value of the currency?

Intrinsic would be a snipe on the fact bitcoin has no base exchangeable worth, so they are saying it will goto zero and/or be replaced.    Dollars are made from cotton, ditto just a comment on its priced value being far beyond its base worth.  Gold is an element, it will never be replaced so that would have intrinsic value at some level though some say its also overvalued, etc
Extrinsic, oppisite means not essential ie bitcoin cannot be argued to be essential

Thats circular logic imo.  Anything at all can make money.  I'll buy a jar of air from you for more then you bought it if I felt like.     A man made millions from selling pet rocks.  Can the owners said to have made an investment, the rocks did appreciate at least initially

I think investment is a (re)usable entity that returns a positive from the utility it provides.  Bitcoin maybe could be argued as unique and useful, its enabling business to take place globally that might otherwise be difficult.  However I would say its more of a commodity and the investment potential lies with the companies that utilise it not the bitcoin by itself.  
 Gold or silver are not investments, they have no return from themselves however they can be crafted to a product or they can allow stable business to be conducted similarly so that is utility but the investment return is in their use not the raw metal same with bitcoin. I dont think bitcoin gives a return only speculative gains from others activity, its an inverse relationship not direct investment similar to plain dollars

True but defining a currencies intrinsic value is relative to the economic inputs and the goods and services that can be exchanged for using the currency. Finding the intrinsic value can always be a mystery

Bitcoin is one one the best world investments you could do in the last years, I think we will see other 4-5 bubbles before the price will find its place.

All currencies will eventually return to its intrinsic value.

I definitely say Bitcoin is a save investment, especially if you hold it for a few years.
I'm happy that my brother is gonna buy 1 bitcoin and keep it for a few years.
So we will see!

I wish I could get all my friends to just put $10 into bitcoin, but I fear I would look like I have been brainwashed if I told them all.

It is a no brainer to take a punt in bitcoin with a small amount you can afford to loose anyway.

$10 in bitcoin can easily turn into $1000 later.

i would like to invest money on btc, i believe it will be a main currency in future.

High dependency on technology should be seen as a weakness rather than a strength in time of crisis.

Well bitcoin is a form of both an asset and a currency so yes it is an investment(financial) cause it appreciates in value.

yes, i would agree that bitcoin has a very strong future because of a) its finite supply, b) its transportability and portability, and c) its extremely strong computing network. it is obviously risky, as it is a brand new asset class, but its fundamentals are extremely strong.

Yes

The Willy Report suggests otherwise.  There is evidence that suggests that MtGox did manipulate the market.