Is 1 bitcoin a decent and good investment? - page 11.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: polynesia on July 23, 2014, 12:17:44 PM

Quote from: seafarer124 on July 14, 2014, 12:47:16 AM

Everybody with a computer should have BTC, whatever amount you can afford.

Start by encouraging everyone you know to open a wallet and send them a small amount as a gift.

Whatever amount you can afford to lose....

If times come when bitcoin realy booms, even 1 bitcoin will become something worth having.

Think of it this way, 21 milion ppl can have 1 btc, 2,1 milion can have 10 btc, and since there are cca. 12 milion milionares (in USD) in the world, that means that 1 bitcoin could be worth 1 mans retirement.
I have 3 btc, sadly cant afford to risk more, and i think of it as a great investment, and if it fails somehow, well atleast i can say that i tried.

polynesia

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Quote from: seafarer124 on July 14, 2014, 12:47:16 AM

Everybody with a computer should have BTC, whatever amount you can afford.

Start by encouraging everyone you know to open a wallet and send them a small amount as a gift.

Whatever amount you can afford to lose....

dothebeats

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Investing on to something that you don't know is a risky move imo. Let your uncle know what is bitcoin and how does it work. Let him know what are the pros and cons of buying bitcoin and keeping them as an investment. I would not listen to any other people regarding my investment choices and decisions. I would rather wait and study the thing that I want to invest on than to take someone's personal point of view and use it as a guide. I'm not saying that it's not good to listen to other people sometimes but what I'm saying is that let your uncle study first the thing that he wants to invest on. There are no guarantees on the cryptocurrency world, let alone bitcoin's roller coaster ride on the market.

seafarer124

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Everybody with a computer should have BTC, whatever amount you can afford.

Start by encouraging everyone you know to open a wallet and send them a small amount as a gift.

Skele

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Quote from: Benjig on July 11, 2014, 09:19:52 PM

Quote from: adz7 on June 06, 2014, 09:12:33 AM

Quote from: bryant.coleman on June 06, 2014, 09:02:43 AM

Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins. Grin

Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin?

I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin.

Maybe by that time the standard measurure will be the mbtcs and yes, people will pay 100 dollars for 1 mbtc

And what reason will obligate people to change their Bitcoins to USD if every bussines will accept Bitcoin? I don't get it...

OROBTC

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...

If anyone has the money (that they can afford to lose "in case the worst happens with BTC"), then I believe that buying, say, 0.5% - 1.0% of your net wealth into BTC is good diversification. If you know what you are doing (OROBTC is still a relative beginner), then, sure you can buy more if you feel OK about the risks.

As is gold for diversification. As are equities (stocks). Real estate, etc. Diversification is one of the few "freebies" in investing, you will likely make more, and certainly have less risk of big losses than overly concentrating risk by putting too much into one basket.

Prudent fishez will stay out of debt though...

Bit_Happy

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A Great Time to Start Something!

With only 1 BTC you need ways to make it grow. Alt coin trading isn't for everyone, but it pays really well if you can handle bear markets.

montreal

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Quote from: cuddaloreappu on June 06, 2014, 08:54:17 AM

my uncle said that 1 bitcoin is all he could afford right now..i could not assure him if it is really a decent and good one...

i said him i will get back to you after i ask this in the forums..

so what is your opinion?

like other people have said, only invest what you can afford to lose. naturally a lot the feedback you get for this question, on a bitcoin forum, will be positively biased (for better or worse). if he lost that $600 or so, would it have a huge negative impact on him financially? if so then he should tread carefully. maybe invest smaller amounts of money weekly or monthly like others suggested itt.

Benjig

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Quote from: adz7 on June 06, 2014, 09:12:33 AM

Quote from: bryant.coleman on June 06, 2014, 09:02:43 AM

Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins. Grin

Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin?

I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin.

Maybe by that time the standard measurure will be the mbtcs and yes, people will pay 100 dollars for 1 mbtc

maker88

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Quote from: findftp on June 07, 2014, 02:03:30 PM

Quote from: tinof on June 07, 2014, 01:51:16 PM

Quote from: Dalmar on June 07, 2014, 11:06:29 AM

At the moment the risk/reward ratio is not that great in my opinion. At best it will go to about 1000 this year. I do not believe this year will see a 10x bubble.
So, you will only make about 50% at best for 2014 if you buy in at current prices. Given the high risk of bitcoin (can easily lose 60% in a few days) that reward is not that great.

It is also a bit optimize to think it will go to 1000.

Some people actually think it could go to 100000 in a few years when the world wide adaption rate is more than the current 1%. I think these guys are dreaming.

Ask the guys from 4 years ago.
The one who is dreaming is you, wake up.

for real, wake up and smell the coffee. everyone said it was optimistic it would go back to 266, and it went to 1100, so you're foolish remark tells me 5000 is a good target.

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: DrG on June 17, 2014, 02:39:22 AM

If you're going to get just one, I would get a physical coin just for the novelty. It might appreciate a lot more than just the pure Bitcoin.

Those bitcoin "coins" are very risky. When you buy the coins from a 3rd party you are essentially buying the private address from the seller. You do not truly know what their security measures are when hiding part of the private address, so they could potentially take the bitcoin out of your "coin"

SunBin

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If he can spare the money, then it is a somewhat ok investment compare to equity and bond.

Swordsoffreedom

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Quote from: TaunSew on June 19, 2014, 01:10:36 AM

Crypto currencies could be $1 trillion in 10 years but that would only be a $50K Bitcoin. The alternative is to put that money into alternates but that's Russian roulette considering there are 300+ alternates to Bitcoin.

Technically speaking - you have better odds at playing scratch tickets or lottery tickets as they have often have like $20 prizes that are 1 in 25 odd (versus 1 in 300 in picking a Bitcoin alternerate).

Well actually its more around 800+ now but of the coins that really have a possible future its 20 to 30
Takes a while to filter them out though and some coins have surprising lifespans like Dogecoin etc.

TaunSew

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Crypto currencies could be $1 trillion in 10 years but that would only be a $50K Bitcoin. The alternative is to put that money into alternates but that's Russian roulette considering there are 300+ alternates to Bitcoin.

Technically speaking - you have better odds at playing scratch tickets or lottery tickets as they have often have like $20 prizes that are 1 in 25 odd (versus 1 in 300 in picking a Bitcoin alternerate).

sandykho47

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1 BTC

If you smart, you could get 2x - 100x based how you use it

Swordsoffreedom

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Quote from: master-P on June 17, 2014, 09:31:10 AM

I don't think a 1 BTC investment will ever make you rich, but it's still better than keeping that money in the bank if you're not using it. Plus, it does have the potential to multiply in value, so maybe that 1 BTC might be worth 10 times as much as it is today in a few years.

That said it will beat a bond for the amount of risk involved by far
It may get a 300 to 500% return over a few years comparable to a high risk stock but unlike a stock you can use it to purchase products goods and services as well

master-P

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I don't think a 1 BTC investment will ever make you rich, but it's still better than keeping that money in the bank if you're not using it. Plus, it does have the potential to multiply in value, so maybe that 1 BTC might be worth 10 times as much as it is today in a few years.

gentlemand

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You'll have to lay out more though. I have a couple myself and they're very satisfying items to own. I can't see how the premiums will hold up if BTC valuations go significantly higher but I don't really care.

DrG

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If you're going to get just one, I would get a physical coin just for the novelty. It might appreciate a lot more than just the pure Bitcoin.

scarsbergholden

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One bitcoin isn't much, but I'd say go for it. It's risky, but not many instruments allow for the possible gains that BTC does. One bitcoin could be worth a million bucks someday. Cool

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