i cant tell you whether you should buy something or not. what i can say is that its very strange that you would be more willing to buy at 1200 and now that the price is cheaper you are less willing to buy in because the price is cheaper. thats very strange and very backward.
It shows that you are focusing on technicals rather than fundamentals and other information in this post indicates that you know very little about trading technicals. Unless you are a very experienced investor than you need to focus on fundamentals. Buy things that are fundamentally undervalued and hold as long as it takes until they become fairly valued. Also diversify because sometimes things wont pan out.
Topic: Invest or not invest into crypto currency? here is the question - page 3. (Read 5433 times)
December 09, 2013, 07:54:03 PM
December 09, 2013, 07:39:36 PM
I don't know if I should even say this, considering OP's perception of risk seems to be pretty low, but doesn't Bitfinex let you loan BTC to users with interest? I've never used the service so I don't know how risk management would work there.
December 09, 2013, 07:29:25 PM
Afaik there isn't such a thing that will offer you a deposit rate and even if you see one it will be probably a scam.
There is though one project from cyprus for a bitcoin bank that i don't think that it's active yet.
Im sure there is somewhere deposit rate service because at the moment the only thing that is missing is deposit rate service and if there would be one i think it would be very successful because people need oneThere is though one project from cyprus for a bitcoin bank that i don't think that it's active yet.
No it wouldn't be successful at all because people in this community are burnt multiple times from services that hold their coins.
December 09, 2013, 04:43:20 PM
So btc gains aren't enough for you? 
You want to invest your btc? Let's have a look at the possible outcomes:
1. Btc goes to zero - you lose
2. Btc goes to the moon, you find the next Asicminer investment (highly, highly unlikely) - you're rich
3. Btc goes to zero, you find the next Asicminer investment - you still lose
4. Btc goes to the moon, you lose all your coins on an "investment" - you kill yourself
Now, if you just held those coins:
1. Btc goes to zero - you lose
2. Btc goes to the moon (much more likely at this point, imo, but there will always be risk) - you're rich
Take it from someone who learned the hard way and lost a bunch of coins on one of the many investment scams. This is a no-brainer. You want to invest in bitcoin? Just hold the damn coins. For the longest time!
And if you guys haven't done the math as to the future value of btc as it becomes adopted then what the fuck are you doing here?
You want to invest your btc? Let's have a look at the possible outcomes:
1. Btc goes to zero - you lose
2. Btc goes to the moon, you find the next Asicminer investment (highly, highly unlikely) - you're rich
3. Btc goes to zero, you find the next Asicminer investment - you still lose
4. Btc goes to the moon, you lose all your coins on an "investment" - you kill yourself
Now, if you just held those coins:
1. Btc goes to zero - you lose
2. Btc goes to the moon (much more likely at this point, imo, but there will always be risk) - you're rich
Take it from someone who learned the hard way and lost a bunch of coins on one of the many investment scams. This is a no-brainer. You want to invest in bitcoin? Just hold the damn coins. For the longest time!
And if you guys haven't done the math as to the future value of btc as it becomes adopted then what the fuck are you doing here?
i understand your point but u are missing few possibilities which you dont want to admit.
1. according to you Btc goes to zero - you lose = YEP
2. Btc goes to the moon (much more likely at this point, imo, but there will always be risk) - you're rich = YEP
Now my choice would be. Put btc into bank/firm =
1. according to you Btc goes to zero - you lose = YEP
2. Btc goes to the moon (much more likely at this point, imo, but there will always be risk) - you're rich = YEP
same story BUT
1. according to you Btc goes to zero - you lose = YEP
2. Btc goes to the moon = you get ur coins back AND investment %
3. btc stays the way it is / rates change / something else = you get your coins back + %
Now:
you buy and keep = no additional profit just u got what u got
u sell = can be loss can be profit depending on rate.
Now:
if you invest in firm/bank = u buy insurance or whatever that whatever happens u have ur coins back
next:
btc rate go down= u get ur coins back at ur deposit rate IF invested, if solo = screwed
or:
btc rate go up = u get mucho profit
Conclusion:
buy/sell solo = you make money or u die in loss
investment = you make money, u dont end up with 0 at worst senario
December 09, 2013, 03:50:33 PM
@OP,
With all due respect, you sound like you know nothing about investing if you just want to own some because it'd be "cool."
My advice:
1) Don't even think about investing unless you have thoroughly researched your investment. You should know how Bitcoin works both technically and theoretically, you should know the reputations of various btc exchanges and services, etc. If you don't do this then you're gambling, pure and simple.
2) Think of investing as a job. Hypothesize and create an investment plan or model and stick to a particular method. If you create a plan but then change the plan because your emotions tell you to, then you're gambling. Invest with your head, not your emotions. If you're investing because you "feel" btc will go to $2000 (or, conversely, if you don't invest because you 'feel' it won't reach $2000) then you're making decisions irrationally. It's okay to invest based on feelings as long as your feelings are supported by good reasons.
3) Don't expect to get rich, especially if you don't want to spend a lot of time informing yourself about recent news and other developments. And please, don't invest more than you're willing to lose.
With all due respect, you sound like you know nothing about investing if you just want to own some because it'd be "cool."
My advice:
1) Don't even think about investing unless you have thoroughly researched your investment. You should know how Bitcoin works both technically and theoretically, you should know the reputations of various btc exchanges and services, etc. If you don't do this then you're gambling, pure and simple.
2) Think of investing as a job. Hypothesize and create an investment plan or model and stick to a particular method. If you create a plan but then change the plan because your emotions tell you to, then you're gambling. Invest with your head, not your emotions. If you're investing because you "feel" btc will go to $2000 (or, conversely, if you don't invest because you 'feel' it won't reach $2000) then you're making decisions irrationally. It's okay to invest based on feelings as long as your feelings are supported by good reasons.
3) Don't expect to get rich, especially if you don't want to spend a lot of time informing yourself about recent news and other developments. And please, don't invest more than you're willing to lose.
solid advice.
December 09, 2013, 03:01:28 PM
@OP,
With all due respect, you sound like you know nothing about investing if you just want to own some because it'd be "cool."
My advice:
1) Don't even think about investing unless you have thoroughly researched your investment. You should know how Bitcoin works both technically and theoretically, you should know the reputations of various btc exchanges and services, etc. If you don't do this then you're gambling, pure and simple.
2) Think of investing as a job. Hypothesize and create an investment plan or model and stick to a particular method. If you create a plan but then change the plan because your emotions tell you to, then you're gambling. Invest with your head, not your emotions. If you're investing because you "feel" btc will go to $2000 (or, conversely, if you don't invest because you 'feel' it won't reach $2000) then you're making decisions irrationally. It's okay to invest based on feelings as long as your feelings are supported by good reasons.
3) Don't expect to get rich, especially if you don't want to spend a lot of time informing yourself about recent news and other developments. And please, don't invest more than you're willing to lose.
With all due respect, you sound like you know nothing about investing if you just want to own some because it'd be "cool."
My advice:
1) Don't even think about investing unless you have thoroughly researched your investment. You should know how Bitcoin works both technically and theoretically, you should know the reputations of various btc exchanges and services, etc. If you don't do this then you're gambling, pure and simple.
2) Think of investing as a job. Hypothesize and create an investment plan or model and stick to a particular method. If you create a plan but then change the plan because your emotions tell you to, then you're gambling. Invest with your head, not your emotions. If you're investing because you "feel" btc will go to $2000 (or, conversely, if you don't invest because you 'feel' it won't reach $2000) then you're making decisions irrationally. It's okay to invest based on feelings as long as your feelings are supported by good reasons.
3) Don't expect to get rich, especially if you don't want to spend a lot of time informing yourself about recent news and other developments. And please, don't invest more than you're willing to lose.
December 09, 2013, 03:01:11 PM
who is pirate40?
He ran a ponzi scheme on the forums and bilked a bunch of idiots here out of a few hundred thousand dollars. Despite a few of us yelling and screaming that it was a scam, the true believers/echo chamber here convinced a lot of people his "bank and trust" was legit, and a lot of bitcoiners lost a shitload of money.
bitcoin should be at $40,000 by the end of 2016.
Hahahahaha! Holy shit, where do you people come up with these numbers?
December 09, 2013, 02:44:57 PM
So im asking does anybody know any good investment websites or things? Where I could for example put bitcoin and then earn some % because of keeping it in there you know like in the bank you put money and you get more.
Go talk to pirate40, he surely has some fine investment opportunities for you
December 09, 2013, 08:52:50 AM
So im asking does anybody know any good investment websites or things? Where I could for example put bitcoin and then earn some % because of keeping it in there you know like in the bank you put money and you get more.
Go talk to pirate40, he surely has some fine investment opportunities for you
December 09, 2013, 08:42:43 AM
Buy and hold, dont waste time trading if you're not experienced. You will waste time watching charts all day and could potentially lose money. BTC can go down like it just did but if you look monthly it always gains a few %.
Indeed, I would not have time for exchanging and rate following, however buying and holding is very slow and unknown process with no guarantees such as 100% profit in certain period of time. But what here im saying is that if you can invest, you'll have your coins in your control, but in end of the day you are getting your coins back + % from investment. So think about it if i bought 1 btc and then waited 2 years it to grow until lets say 1,5k so what i did was 500 dollars in profit in 2 years? Meanwhile If I was investing and getting additional % then this would make it much more profitable. There is a possibility you will get scammed if you dont find any trustworthy firm in your opinion if you dont try. Nowadays there are hundreds scam sites and stuff and these sites damage popularity for the real sites because people lose respect and trust into those sites and they just try to do everything by themselves. If I was gonna trust a firm with such investment methods id try of course not put 100 btc but at least 1 or a minimum they accept. I believe crypto money investment possibilities are out there somewhere, at this time of crypto growth it just must be because its just best thing ever could be.Don't forget you have to consider 2 things while trading like that:
1. You can make a bad judgement like those guys selling below $600 two days ago. You buy 1 for 1000, at 1200 decide you got enough profit and sell, next day it goes up to 1300 what do you do, wait for it to go down or buy back at 1300? Whatever you do you just lost compared to a guy who held.
2. There are trading fees so the more you trade the more you pay to the exchange.
A trader buying low and selling high will outperform a holder but he also invests a lot of time and nerves in the process.
December 09, 2013, 05:19:36 AM
Buy and hold, dont waste time trading if you're not experienced. You will waste time watching charts all day and could potentially lose money. BTC can go down like it just did but if you look monthly it always gains a few %.
Indeed, I would not have time for exchanging and rate following, however buying and holding is very slow and unknown process with no guarantees such as 100% profit in certain period of time. But what here im saying is that if you can invest, you'll have your coins in your control, but in end of the day you are getting your coins back + % from investment. So think about it if i bought 1 btc and then waited 2 years it to grow until lets say 1,5k so what i did was 500 dollars in profit in 2 years? Meanwhile If I was investing and getting additional % then this would make it much more profitable. There is a possibility you will get scammed if you dont find any trustworthy firm in your opinion if you dont try. Nowadays there are hundreds scam sites and stuff and these sites damage popularity for the real sites because people lose respect and trust into those sites and they just try to do everything by themselves. If I was gonna trust a firm with such investment methods id try of course not put 100 btc but at least 1 or a minimum they accept. I believe crypto money investment possibilities are out there somewhere, at this time of crypto growth it just must be because its just best thing ever could be. 
December 08, 2013, 10:38:47 PM
bitcoin should be at $40,000 by the end of 2016. i'm in it for the long haul
Wow da fuck?Watch this video. Similar prediction
https://www.youtube.com/watch?v=qHUPPYzzZrI&feature=youtube_gdata_player
December 08, 2013, 10:16:34 PM
Buy and hold, dont waste time trading if you're not experienced. You will waste time watching charts all day and could potentially lose money. BTC can go down like it just did but if you look monthly it always gains a few %.
December 08, 2013, 09:35:40 PM
I'd say the best plan would be to buy low and sell high. Set prices you want to buy at and sell at, and then do so no matter what. Cryptocurrencys are very unstable, so this is a fairly decent plan. However, if you want to buy and hold I think that might be viable too but I'm just not sure how long you are going to have to hold in order to make profit. There needs to be easier ways for consumers to buy bitcoins quickly and get their money back to cash with peace of mind and when that happens the value of bitcoins will rise a lot.
December 08, 2013, 07:59:08 PM
OP, btc predictions sound very encouraging, exciting even, but reality is dont believe a word of it, no one can predict where a market will be or what it will do ...
you have to decide for yourself, work out a plan for your investing, and stick to it
say, if btc price reaches x, i will buy more, if it reaches y, i will sell some/all, this is the only way to profit from any investment
dont just sit on something and live in hope
there are some sites out there, such as unsecured loan sites or investment trusts for btc/ltc, which allow you to make a deposit of coins, locked away for a period of time, an d earn interest on them ...
but i dont know about their fine print, id be careful putting a LOT of your coins in those, maybe test their rep by putting in a minimum first
you have to decide for yourself, work out a plan for your investing, and stick to it
say, if btc price reaches x, i will buy more, if it reaches y, i will sell some/all, this is the only way to profit from any investment
dont just sit on something and live in hope
there are some sites out there, such as unsecured loan sites or investment trusts for btc/ltc, which allow you to make a deposit of coins, locked away for a period of time, an d earn interest on them ...
but i dont know about their fine print, id be careful putting a LOT of your coins in those, maybe test their rep by putting in a minimum first
December 08, 2013, 07:43:27 PM
Afaik there isn't such a thing that will offer you a deposit rate and even if you see one it will be probably a scam.
There is though one project from cyprus for a bitcoin bank that i don't think that it's active yet.
Im sure there is somewhere deposit rate service because at the moment the only thing that is missing is deposit rate service and if there would be one i think it would be very successful because people need one There is though one project from cyprus for a bitcoin bank that i don't think that it's active yet.
December 08, 2013, 07:01:33 PM
Afaik there isn't such a thing that will offer you a deposit rate and even if you see one it will be probably a scam.
There is though one project from cyprus for a bitcoin bank that i don't think that it's active yet.
There is though one project from cyprus for a bitcoin bank that i don't think that it's active yet.
December 08, 2013, 07:00:21 PM
There have been service offers like that before. Chances are you are not going to see them again.
Bitcoins alone are classified high risk. And you want to further add to that risk by lending them to someone who promises high returns?
Bitcoins alone are classified high risk. And you want to further add to that risk by lending them to someone who promises high returns?
Chances are you are not going to see them again.
Why? And you want to further add to that risk by lending them to someone who promises high returns?
I want a secure way like bank or firm which takes bitcoins or litecoins or whatever for some time as investment and in the end im getting all back plus some % from investment, its not gonna be super high what i expect but something in profit
If we could do this at the moment with Bitcoin or Litecoin for that matter, it would be awesome. However due to the fact that bitcoin still is very volatile, and that there are no supply chains yet that fully rely on bitcoin. (aka at a distributor, you still have pay in dollars) When both of these factors change, this lending could actually take off.The reason why it can't happen now, is today I loan a bitcoin, tomorrow that bitcoin could be half its value, or double its value... its just too high-risk, and thus there is a pretty big chance of losing money.
The other thing that is important to note, how many people will fully understand the above sentence, when wanting a bitcoin loan. At the moment for any loan in bitcoin, you basically have to have double the value in dollars backed, otherwise there is a chance the loan doesn't get paid back.
December 08, 2013, 06:51:35 PM
Chances are you are not going to see them again.
Why?Because it is so volatile. A couple wrong calls and they are not able to pay you back.
The only reason you get interest at your bank for USD/EUR/... is that it is relatively safe to invest it for higher profit. You don't get interest on stocks, you might even pay your bank for storage.
December 08, 2013, 06:43:50 PM
There have been service offers like that before. Chances are you are not going to see them again.
Bitcoins alone are classified high risk. And you want to further add to that risk by lending them to someone who promises high returns?
Bitcoins alone are classified high risk. And you want to further add to that risk by lending them to someone who promises high returns?
Chances are you are not going to see them again.
Why? And you want to further add to that risk by lending them to someone who promises high returns?
I want a secure way like bank or firm which takes bitcoins or litecoins or whatever for some time as investment and in the end im getting all back plus some % from investment, its not gonna be super high what i expect but something in profit Jump to: