Topic: Investments (Read 592 times)
@pr472 Probably but still you guys who bought "high" are losing money unless you are already rich so you can wait about 6-7 years return on investment finger in the nose.
Viewing your investment as long term is definitely the mind-set you need to be in although there are opportunities to be had buying and selling BTC and taking advantage of the volatility. Bare in mind this takes skill and finesse and is certainly not for the faint hearted. 
pr472 I agree with you 100%. Investing bitcoins for a short period will be a gambling hence you might end up losing entire wealth instead hold bitcoins for a long term to attain massive profits and exactly no need to panic in case prices fall sharply as it will ultimately rise much higher. So keep on holding on long term with big heart.
I also agree pr472.
With any investment, do your research, understand how BTC, or the company/market your investing in works for that matter, make an educated decision, and be patient. If your not confident and don't believe in where you've invested your money, then you will be prone to snap decisions and mistakes.
DaddyDonut, I've seen the boom/bust in BTC occur over this year, and I've said the same thing you said to so many people. It's an extremely volatile currency. But how many times have we heard the "BTC Bubble" mentioned, right.
With any investment, do your research, understand how BTC, or the company/market your investing in works for that matter, make an educated decision, and be patient. If your not confident and don't believe in where you've invested your money, then you will be prone to snap decisions and mistakes.
DaddyDonut, I've seen the boom/bust in BTC occur over this year, and I've said the same thing you said to so many people. It's an extremely volatile currency. But how many times have we heard the "BTC Bubble" mentioned, right.
My philosophy is that a boom/bust cycle is in the nature of an unregulated market like cryptocurrency, and that this is not necessarily a problem. Bitcoin seems to spike every several months, so the opportunity to sell high should come back around if one is patient enough.
I agree.
I don't think I am going to come out ahead this year, maybe not even next year, but when btc starts it's invertible rise, only the strong hands will have it because they do not panic buy or panic sell, they increase their positions and get out when they need liquidity or something better comes around.
All the miners who automatically sell when their miner produces will be angry and spiteful when they find BTC at 11,000.00 in a couple years and they have hardly any because the were too weak to hold.
I don't think I am going to come out ahead this year, maybe not even next year, but when btc starts it's invertible rise, only the strong hands will have it because they do not panic buy or panic sell, they increase their positions and get out when they need liquidity or something better comes around.
All the miners who automatically sell when their miner produces will be angry and spiteful when they find BTC at 11,000.00 in a couple years and they have hardly any because the were too weak to hold.
I would like to offer a few reflections on the nature of "investments" - whether it be the stock market or bitcoin . I have considerable investments in the stock market; I own no bitcoins.
I have read a few comments in this board from people who are wondering if their "investments" in bitcoin are wounded, since they bought high and now bitcoin has gone down in recent weeks. They wonder, "will I be able to recover the money I lost from when I bought high?".
I don't have an answer to that question, but I can speak to my experience with stock market investments.
What you have to realize that any investment has to be long-term. There is no "get rich quick" with anything. You have to have faith in your investments.
My investments took a good hit in 2007 when the economy crashed. I did not panic or sell. It is wrong to "sell low". No, I hung on, and look at the stock market now. I not only gained back what I lost in 2007, but I made a good sum of money since then.
So what I am saying is this: don't buy bitcoins to make a quick buck. It won't happen. Buy and hold your bitcoins. Look "long-term", don't panic.
I don't intend on buying bitcoin for investments, since I have some concerns about it as an investment. But if YOU believe it in, then go for it, but don't expect quick returns on your investment. Have faith, be strong, and look "long-term" for your investment.
I have read a few comments in this board from people who are wondering if their "investments" in bitcoin are wounded, since they bought high and now bitcoin has gone down in recent weeks. They wonder, "will I be able to recover the money I lost from when I bought high?".
I don't have an answer to that question, but I can speak to my experience with stock market investments.
What you have to realize that any investment has to be long-term. There is no "get rich quick" with anything. You have to have faith in your investments.
My investments took a good hit in 2007 when the economy crashed. I did not panic or sell. It is wrong to "sell low". No, I hung on, and look at the stock market now. I not only gained back what I lost in 2007, but I made a good sum of money since then.
So what I am saying is this: don't buy bitcoins to make a quick buck. It won't happen. Buy and hold your bitcoins. Look "long-term", don't panic.
I don't intend on buying bitcoin for investments, since I have some concerns about it as an investment. But if YOU believe it in, then go for it, but don't expect quick returns on your investment. Have faith, be strong, and look "long-term" for your investment.
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