Is bitcoin a good way to invest your money ? - page 75.

kevinn669

sr. member

Activity: 241

Merit: 250

Tokens That Store Virtual Energy

Quote from: alva5763 on September 06, 2017, 03:11:04 PM

I think you could ask the same of not only other altcoins but other investments. As can be seen over the last few days bitcoin can be very volatile. From $5000 to $4300 and now back to $4700 in 3 days. Shares and gold can be like that but other investments take time eg art,collectibles,fine wines and vintage cars. An advantage of bitcoin is you can sell quickly if you need to. Some items above may take months.

Completely agree with you - bitcoin gives us super profits in a short time. The most important thing is to be able to use this tool. Often people buy at a high price, and then make a panic at a price that is below the purchase price. This mistake is made by beginners. But we need to have patience and wait for the price increase.

CoinsCoinsEverywhere

hero member

Activity: 532

Merit: 500

Quote from: Ultegra134 on September 06, 2017, 01:14:28 PM

Bank interest is not worth it for investment purposes, they'll give you 1% while inflation can be from 2-4% every year.

Bitcoin is indeed a safer investment strategy than many other options out there. It will always be worth something and the price won't crash down on a large scale instantly, during one hour. That means, that even if the price starts declining, you have your chances to panic sell, if you are afraid of losing your investment.

One other thing I'd like to point out here: your exit strategy (panic sell if you're afraid of losing your investment) concerns me. Without some kind of specific plan and the ability to use that plan to override your emotions, how do you know when to sell? If you simply use "panic" as a barometer, you will likely sell at the lows, only to see it rebound shortly thereafter because everyone is panicking at the lows.

Also note that if you're watching your investment on an hourly basis, you're trading, not investing.

darthmaul

sr. member

Activity: 714

Merit: 252

Bitcoin can not help you grow fruits and gardens but I'm sure it will help you grow your weakth in step by step manner. Bitcoin is now very trusted crypto currency in the market and standing to grow since 2009. We have seen its drops and gains at very peak level in both positive and negative sides. This has given us opportunity to earn big bucks in long run and it is also giving the same steady income today as well. So according to me I believe bitcoin is the only best investment in current era of unspeculative world and ability to reproduce the constant finance.

Speaking about storing the money into banks, they will never get you good rates of interest because bitcoin as compared to them would give you ten times more interest rate in one month. That's just simple math if you follow.

alva5763

sr. member

Activity: 451

Merit: 250

I think you could ask the same of not only other altcoins but other investments. As can be seen over the last few days bitcoin can be very volatile. From $5000 to $4300 and now back to $4700 in 3 days. Shares and gold can be like that but other investments take time eg art,collectibles,fine wines and vintage cars. An advantage of bitcoin is you can sell quickly if you need to. Some items above may take months.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: Sabar90 on September 06, 2017, 11:23:13 AM

Savings in banks Deposits in banks Property investments, such as buying property (land and buildings) are then leased or resold after some time later. Gold investment, such as buying gold and then stored for the long term. May be useful in the long run. and produce a decent and satisfactory. or farming to buy sawan and gardening and planting fruits and vegetables is a very good investment. Although a little vulnerable to failure but it could not hurt to try.

Tons of people asking the same question every day. You could just use google or search the forum and you will get your answer. If you analyze and know how the bitcoins and the market works, you wouldn't be asking this question. Look at the market and you will know if it's profitable or not.

CoinsCoinsEverywhere

hero member

Activity: 532

Merit: 500

Quote from: Ultegra134 on September 06, 2017, 01:14:28 PM

Bank interest is not worth it for investment purposes, they'll give you 1% while inflation can be from 2-4% every year.

Right now this is true because of all of the reserve banks trying to keep interest rates low. But this has not always been the case. Back in 2006/2007, for example, US inflation was around 3% while you could get around 5% in an online savings account. You probably could have done even better than that with CDs.

Quote from: Ultegra134 on September 06, 2017, 01:14:28 PM

Bitcoin is indeed a safer investment strategy than many other options out there. It will always be worth something and the price won't crash down on a large scale instantly, during one hour. That means, that even if the price starts declining, you have your chances to panic sell, if you are afraid of losing your investment.

I'm going to have to disagree about bitcoin being a safer investment strategy. It has certainly been one of the most profitable if you've been willing to hang on to it through the spikes and crashes. But it is definitely not safer, which is shown by its ridiculous volatility. If it were really a safe investment, the price would be stable. The problem is that no one has any idea how much a bitcoin really is or should be worth.

laris2

hero member

Activity: 688

Merit: 506

CryptoCurrency Evangelist

Only future can tell if your investment was good or not.

adjudicator

full member

Activity: 281

Merit: 100

Quote from: Sabar90 on September 06, 2017, 11:23:13 AM

Savings in banks Deposits in banks Property investments, such as buying property (land and buildings) are then leased or resold after some time later. Gold investment, such as buying gold and then stored for the long term. May be useful in the long run. and produce a decent and satisfactory. or farming to buy sawan and gardening and planting fruits and vegetables is a very good investment. Although a little vulnerable to failure but it could not hurt to try.

So far, all I can say is, bitcoin is a very good way in investing. Not only because it's famous but also because it is proven and tested by many all these years that bitcoin has existed. In my opinion, I would agree with the majority, because I have proofs on how bitcoin helped me in my life specially in terms of finances. Although it is very time consuming and requires a lot of patience, I still manage to invest on it even if it takes too long.

umbara ardian

sr. member

Activity: 1358

Merit: 259

PredX - AI-Powered Prediction Market

yes I think it is a bit time consuming and not necessarily successful or not. different from bitcoin if you buy today cheaply tomorrow you have got the result with higher price except the bitcoin with another bitcoin is not visible but produce can be kept in long term or even briefly. the risk of failure is too little. in contrast to farming or else it could be a crop failure or something else.

Ultegra134

hero member

Activity: 1680

Merit: 845

Bank interest is not worth it for investment purposes, they'll give you 1% while inflation can be from 2-4% every year.

Bitcoin is indeed a safer investment strategy than many other options out there. It will always be worth something and the price won't crash down on a large scale instantly, during one hour. That means, that even if the price starts declining, you have your chances to panic sell, if you are afraid of losing your investment.

CoinsCoinsEverywhere

hero member

Activity: 532

Merit: 500

Quote from: btc-facebook on September 06, 2017, 12:34:13 PM

Bitcoin should be consider as alternate currency since bitcoin value still volatile
IMO , if you have enough bitcoin , you should convert into fiat and purchase land / house since they are the best investment forever meanwhile we have no idea when bitcoin going to die one day

I think this is very good advice. Tangible assets that maintain value, such as land, are the best way to guarantee (as much as one can guarantee) that you will hold on to your wealth. No matter what happens, people are always going to want land. The value and usefulness of bitcoin is contingent upon the availability of electric power and the internet. If your area is hit by a hurricane, for example, you may not have access to either of these things, rendering your bitcoin worthless, at least for a while.

solenn heussaff

member

Activity: 116

Merit: 16

Quote from: Sabar90 on September 06, 2017, 11:23:13 AM

Savings in banks Deposits in banks Property investments, such as buying property (land and buildings) are then leased or resold after some time later. Gold investment, such as buying gold and then stored for the long term. May be useful in the long run. and produce a decent and satisfactory. or farming to buy sawan and gardening and planting fruits and vegetables is a very good investment. Although a little vulnerable to failure but it could not hurt to try.

I think, yes it is a good way for investments. Bitcoin has already proven itself after all this years and many have witnessed the effectiveness of bitcoin when it comes to investments. In my own experience, I can conclude that it really is, aside from it's effectiveness, I've also witnessed the sudden growth of its price as time passes by because I think there are already a lot of people who have became interested with bitcoin because of what it can do.

btc-facebook

legendary

Activity: 1862

Merit: 1015

Bitcoin should be consider as alternate currency since bitcoin value still volatile
IMO , if you have enough bitcoin , you should convert into fiat and purchase land / house since they are the best investment forever meanwhile we have no idea when bitcoin going to die one day

gokudera

member

Activity: 256

Merit: 36

Quote from: Sabar90 on September 06, 2017, 11:23:13 AM

Savings in banks Deposits in banks Property investments, such as buying property (land and buildings) are then leased or resold after some time later. Gold investment, such as buying gold and then stored for the long term. May be useful in the long run. and produce a decent and satisfactory. or farming to buy sawan and gardening and planting fruits and vegetables is a very good investment. Although a little vulnerable to failure but it could not hurt to try.

Bitcoin, in my experience has been an effective investment for me and for the people around me who also do bitcoin. If I were to compare it with real money, bitcoin is way more better, it is all because the price of it is getting higher and higher as time passes by which is a good thing for all of its investors. So if you are finding an effective and a very beneficial way of investing your money, then it would be better if you would go with bitcoin.

rodskee

full member

Activity: 2408

Merit: 202

saving bitcoin or saving money is same good saving investment, i will concentrate to save bitcoin as saving the reason is bitcoin if comes uprise again the return profit is better than saving money, and i think the bitcoin bounce back again in the coming few days.

Razick

legendary

Activity: 1330

Merit: 1003

Quote from: albert11 on September 06, 2017, 11:50:58 AM

Like the process to use your aforementioned ones to grow our money as well as bitcoins. With Bitcoins if you only hold it it will increase in price and you earn in the long run. Just like what's happening now almost x2 Bitcoins raised just over a month. How else if you hold it for a years ?
If you do not know what to do, look at the charts of bitcoins or read what I said. By 2015 the bitcoins price is now 200 $ at just about 2017 almost 5,000. I see how many of you will now be able to bring it out and buy it in fiat moneys

Don't forget just because you hold doesn't make the price constantly go up forever. You also need to spend you Bitcoins to prove they have value. If you never spend, or if no one ever spent I should say, then there would literally be no point of Bitcoin except storing wealth, but even then it would be pointless because there would be zero intrinsic value as opposed to gold, for example, which can still be used to buy things.

Haladay

sr. member

Activity: 476

Merit: 250

Never lose time with conventional banking systems and bank interests. Try to invest in bitcoin and other alt coins. This will provide you nice returns in short time or mid time.

I never have questions and doubts while I'm investing.

seattletu

sr. member

Activity: 336

Merit: 250

In the event that you have cash for investment, don't put everything in bitcoin. I think the best procedure here is to set a sum for investment in bitcoin, particularly in case you're an apprentice. Those individuals who put and wound up plainly fruitful in bitcoin likely are talented and experts with regards to it. Furthermore, I simply need to include, you can likewise procure extensive measure of cash without contributing, you simply need to have a web association and there you go! you'll procure some bitcoin.

mel1978

full member

Activity: 518

Merit: 101

Quote from: Sabar90 on September 06, 2017, 11:23:13 AM

Savings in banks Deposits in banks Property investments, such as buying property (land and buildings) are then leased or resold after some time later. Gold investment, such as buying gold and then stored for the long term. May be useful in the long run. and produce a decent and satisfactory. or farming to buy sawan and gardening and planting fruits and vegetables is a very good investment. Although a little vulnerable to failure but it could not hurt to try.

Well I guess investing bitcoins is good but do not put all your money there because we do not know then what might happen to your wallet I mean if you can forget your wallet or the password, just save what is enough for you to loss or just save your earnings in bitcoins if possible.

albert11

hero member

Activity: 679

Merit: 500

Like the process to use your aforementioned ones to grow our money as well as bitcoins. With Bitcoins if you only hold it it will increase in price and you earn in the long run. Just like what's happening now almost x2 Bitcoins raised just over a month. How else if you hold it for a years ?
If you do not know what to do, look at the charts of bitcoins or read what I said. By 2015 the bitcoins price is now 200 $ at just about 2017 almost 5,000. I see how many of you will now be able to bring it out and buy it in fiat moneys

Topic: Is bitcoin a good way to invest your money ? - page 75. (Read 16804 times)