yes,it is
take the train before it is too late
Topic: Is 1 bitcoin a decent and good investment? - page 13. (Read 15441 times)
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.
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.
1 satoshi = 1 usd is the upper limit, see my signature
"Suppose that each person need $ 1,350,000 for a comfortable retirement, and they put all those savings into bitcoin and get 0.0135 coin, e.g. 1,350,000 satoshi, this means 1 satoshi = 1 usd, 1 BTC will worth 100 million dollars, this might be the highest possible value bitcoin can achieve"
It's an awesome dream, but a dream
Dollars are irrelevant.
The world turns around thanks to the sun.
Everything we did or do is related to energy.
A currency based on energy would be a winner but dragging around drums of oil is not convenient.
That's why they invented substitutes like shells, salt, paper and gold.
Now we have bitcoin which will make it magnitudes more easier to pay for energy globally.
1 satoshi = 1 usd is the upper limit, see my signature
"Suppose that each person need $ 1,350,000 for a comfortable retirement, and they put all those savings into bitcoin and get 0.0135 coin, e.g. 1,350,000 satoshi, this means 1 satoshi = 1 usd, 1 BTC will worth 100 million dollars, this might be the highest possible value bitcoin can achieve"
It's an awesome dream, but a dream
For me it is a store of value rather than an investment. I want to have reliable purchasing power.
Just like precious metals.
1 satoshi = 1 usd is the upper limit, see my signature
The question is, when bitcoin really worth millions, what will you do with those coins
The question is, when bitcoin really worth millions, what will you do with those coins
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
For me it is a store of value rather than an investment. I want to have reliable purchasing power.
Bitcoin is reliable in that at whatever exchange rate you trade it for you can still purchase goods and services with it, the movement of the asset price between say $650 dollars at 6:06 and $666 dollars at 7:06 is the purchasing power difference.
That said it is still reliable the amount you can get and the exchange rate for goods and services vary a bit but it is fairly constant if used right after purchasing that or you hold it.
Still a decent or good investment.
Secondary link
http://www.coindesk.com/professor-susan-athey-people-use-bitcoin-intrinsic-value/
For me it is a store of value rather than an investment. I want to have reliable purchasing power.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
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?
i said him i will get back to you after i ask this in the forums..
so what is your opinion?
Yes
1 Bitcoin is a good investment in the long run since people can still afford to buy a whole Bitcoin.
In a few years it is very possible that we will be dealing in microbitcoin transactions instead of whole Bitcoins or even 1/100 of a single Bitcoin.
These type of investments are great if you have the duration to wait on the market if not their is still a good possibility of seeing $1000 to $2000 USD this year if the sentiment remains positive and more merchants adopt the technology with the big names such as overstock and dish network using it recently and an increasing merchant retail and online presence.
I strongly say yes buy a Bitcoin now and see what happens, be different things need to change and now make Bitcoin an investment.
He is talking about an investment however. The fact is that 1 Bitcoin with different prices will do nothing in terms of receiving a good return on your investment. Of course, a few hundred dollar gain isn't bad but that is assuming and accepting all risks.
Well it is all relative the question is if the OP's uncle should get a bitcoin and I say yes.
The relative return % wise can beat a GIC or Bond at the least and even most risky stocks if you treat it as an investment.
If you treat it as a currency instrument or property it still retains a value that remains static.
1 BTC = 1 BTC what you can exchange it for is the exchange/investment risk.
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?
i said him i will get back to you after i ask this in the forums..
so what is your opinion?
Yes
1 Bitcoin is a good investment in the long run since people can still afford to buy a whole Bitcoin.
In a few years it is very possible that we will be dealing in microbitcoin transactions instead of whole Bitcoins or even 1/100 of a single Bitcoin.
These type of investments are great if you have the duration to wait on the market if not their is still a good possibility of seeing $1000 to $2000 USD this year if the sentiment remains positive and more merchants adopt the technology with the big names such as overstock and dish network using it recently and an increasing merchant retail and online presence.
I strongly say yes buy a Bitcoin now and see what happens, be different things need to change and now make Bitcoin an investment.
He is talking about an investment however. The fact is that 1 Bitcoin with different prices will do nothing in terms of receiving a good return on your investment. Of course, a few hundred dollar gain isn't bad but that is assuming and accepting all risks.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
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?
i said him i will get back to you after i ask this in the forums..
so what is your opinion?
Yes
1 Bitcoin is a good investment in the long run since people can still afford to buy a whole Bitcoin.
In a few years it is very possible that we will be dealing in microbitcoin transactions instead of whole Bitcoins or even 1/100 of a single Bitcoin.
These type of investments are great if you have the duration to wait on the market if not their is still a good possibility of seeing $1000 to $2000 USD this year if the sentiment remains positive and more merchants adopt the technology with the big names such as overstock and dish network using it recently and an increasing merchant retail and online presence.
I strongly say yes buy a Bitcoin now and see what happens, be different things need to change and now make Bitcoin an investment.
Word of caution. Keep it as anonymous as possible and back it up multiple times. Encrypt it nine ways of Sunday.
More coins have been lost than we probably know about, let alone the coins owned by Satoshi and various hoarders. Getting a hold of one is a good move. Lots of people don't have the spare cash to take that risk.
He won't be rolling in it now or any time soon. A few years down the line he might be surprisingly comfortably off compared to most. This thread will be prime necro material.
He won't be rolling in it now or any time soon. A few years down the line he might be surprisingly comfortably off compared to most. This thread will be prime necro material.
I'd say it's a better investment than keeping it in the bank. I have 2 BTC, not much but worth 20% more than few months ago, when I bought them. So it's a much better deal than 5% a year on a savings account.
I think any amount is a good investment amount, but your answer depends on how much does he want to profit? , with 1 bitcoin he can make a decent amount of money in long term, but if he want to make a huge one in shortterm i would advice him to buy 3-5.
Dont forget to use the new exchange ANXpro in case you want to buy bitcoins, its easy to get money into and currently we dont have fees for deposits, even via bank wire!.
Regards
ANXPRO
Dont forget to use the new exchange ANXpro in case you want to buy bitcoins, its easy to get money into and currently we dont have fees for deposits, even via bank wire!.
Regards
ANXPRO
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?
i said him i will get back to you after i ask this in the forums..
so what is your opinion?
You can't answer such questions without knowing more details.
If he is living on some kind of social checks, than by all means, this is a very bad investment!
But if he is a multimillionair, this might be way to little compared to his net worth.
I dunno, whats the alternatives ?
don't put all your eggs in one basket.
don't put all your eggs in one basket.
I know you weren't talking altcoins but i have to say that for now it seems that investing in altcoins with long terms is quite risky (i prefer short). For safe(r) long term investment i'd go for bitcoin.
I myself don't want to support stocks, banks and big companies so i don't invest in stockmarket.. but like practicaldreamer said, it's good to spread savings/investments and stocks might be one idea to do so.
1 bitcoin has been a good investment for years, and it still is. Of course, in order for it to rise so much that you will be able to afford something really expensive with only 1 bitcoin, you would have to wait for a very long time. But in terms of simple mathematics, it is a good investment because BTC is always on the uptrend in the long term.
I suppose the answers on this forum are a little skewed in Bitcoins favour 
But I reckon if you compare it to the alternatives then the potential upside of BTC makes it a must have in any portfolio (ie. spread your bets).
Interest rates at record lows so savings accounts are crap - stocks/growth is pretty flat (except Russia - JPM Russian Securities up 10% in the last month
) - I dunno, whats the alternatives ? Some good invetsments to be made in the renewable energy sector possibly.
But yes, invest what you can afford to lose - and then forget about it. But don't put all your eggs in one basket.
But I reckon if you compare it to the alternatives then the potential upside of BTC makes it a must have in any portfolio (ie. spread your bets).
Interest rates at record lows so savings accounts are crap - stocks/growth is pretty flat (except Russia - JPM Russian Securities up 10% in the last month
) - I dunno, whats the alternatives ? Some good invetsments to be made in the renewable energy sector possibly.But yes, invest what you can afford to lose - and then forget about it. But don't put all your eggs in one basket.
I keep atleast 1 bitcoin in a separate offline wallet all the time just in case price happens to skyrocket to 10 000's or millions.
So i'd say 1 bitcoin is a decent investment. I normally buy something like 0.3 bitcoins per month.. i haven't sold any yet (exchanged to altcoins maybe) but all the time i have had 1 whole bitcoin untouchable.
So i'd say 1 bitcoin is a decent investment. I normally buy something like 0.3 bitcoins per month.. i haven't sold any yet (exchanged to altcoins maybe) but all the time i have had 1 whole bitcoin untouchable.
Jump to: