Is buy and hold a good investment option with price around $230 - Aug 2015

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: fearlesscat10 on September 23, 2015, 03:45:33 AM

Quote from: boraf on September 22, 2015, 02:35:02 PM

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Why ask other when you are solely responsible for your own action? No one can tell you if any investment can pay off.

Before taking any plan of action, it is generally wise to consult other people. Roll Eyes

I don't really see anything wrong with asking for other people's opinions about it.

i agree, but this way of asking on the forum doesn't seem to me like the best idea. you see those who are short are shouting sell, sell and those who are long term hodlers are screaming buy, it is a good time and the rest are just throwing out ideas.

Miss Fortune

full member

Activity: 224

Merit: 100

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Well I think is a good idea keeping it invested for some time I think it wont hurt you that much, this a good experiment and when time comes that the value rise up then it will be really worth the wait.

futurebit640

hero member

Activity: 910

Merit: 1000

Quote from: fearlesscat10 on September 23, 2015, 03:45:33 AM

Quote from: boraf on September 22, 2015, 02:35:02 PM

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Why ask other when you are solely responsible for your own action? No one can tell you if any investment can pay off.

Before taking any plan of action, it is generally wise to consult other people. Roll Eyes

I don't really see anything wrong with asking for other people's opinions about it.

Yes that is correct. Particularly if one doesn't have much idea on investment product it is better to consult or get opinions from the public and they need to think wisely and should take decision. If still they can't make any decision then they have to consult professional investment advisers to take correct decision.

fearlesscat10

hero member

Activity: 686

Merit: 500

Quote from: boraf on September 22, 2015, 02:35:02 PM

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Why ask other when you are solely responsible for your own action? No one can tell you if any investment can pay off.

Before taking any plan of action, it is generally wise to consult other people. Roll Eyes

I don't really see anything wrong with asking for other people's opinions about it.

boraf

full member

Activity: 315

Merit: 103

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Why ask other when you are solely responsible for your own action? No one can tell you if any investment can pay off.

electronicfactura

hero member

Activity: 714

Merit: 500

If someone wants to buy and hold for long term then it is best time to do so.There will still be many ups and downs in price of Bitcoin until it reaches to where it should be.Your eyes should be on long term then you will make lot of money by your holdings.

spazzdla

legendary

Activity: 1722

Merit: 1000

If you can't hold for a min of 5 years don't bother.

lexuz

hero member

Activity: 714

Merit: 500

Me, myself and I

Quote from: Denker on September 21, 2015, 07:23:24 AM

Quote from: lexuz on September 21, 2015, 06:47:47 AM

Quote from: WhatTheGox on September 21, 2015, 04:17:56 AM

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Hold for 2 years an you'll be 20x on investment. Why doubt bitcoin now? nothing has changed. The price right now seems like a very clear bottom we just dont have any new blood for a rally.

Not sure with what you said,impossible!bitcoin price will increase 20x just in 2 years

He is a positive guy it seems. That's ok and his personal is opinion is that in 2 years the price of Bitcoin could be something around $4600. Yes it's a very bullish prediction, maybe naive, and he could be wrong. But he believes in Bitcoin and that is all what counts.

Yeah good point and i like who believes in bitcoin at least it will help bitcoin to grow

Tstar

legendary

Activity: 1176

Merit: 1005

Decentralized Asset Management Platform

Quote from: Denker on September 21, 2015, 07:23:24 AM

Quote from: lexuz on September 21, 2015, 06:47:47 AM

Quote from: WhatTheGox on September 21, 2015, 04:17:56 AM

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Hold for 2 years an you'll be 20x on investment. Why doubt bitcoin now? nothing has changed. The price right now seems like a very clear bottom we just dont have any new blood for a rally.

Not sure with what you said,impossible!bitcoin price will increase 20x just in 2 years

He is a positive guy it seems. That's ok and his personal is opinion is that in 2 years the price of Bitcoin could be something around $4600. Yes it's a very bullish prediction, maybe naive, and he could be wrong. But he believes in Bitcoin and that is all what counts.

since when has the bitcoin price based on believes and personal opinions ?
maybe he is nakamoto or who else's opinion can affect the price ?

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: lexuz on September 21, 2015, 06:47:47 AM

Quote from: WhatTheGox on September 21, 2015, 04:17:56 AM

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Hold for 2 years an you'll be 20x on investment. Why doubt bitcoin now? nothing has changed. The price right now seems like a very clear bottom we just dont have any new blood for a rally.

Not sure with what you said,impossible!bitcoin price will increase 20x just in 2 years

He is a positive guy it seems. That's ok and his personal is opinion is that in 2 years the price of Bitcoin could be something around $4600. Yes it's a very bullish prediction, maybe naive, and he could be wrong. But he believes in Bitcoin and that is all what counts.

lexuz

hero member

Activity: 714

Merit: 500

Me, myself and I

Quote from: WhatTheGox on September 21, 2015, 04:17:56 AM

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Hold for 2 years an you'll be 20x on investment. Why doubt bitcoin now? nothing has changed. The price right now seems like a very clear bottom we just dont have any new blood for a rally.

Not sure with what you said,impossible!bitcoin price will increase 20x just in 2 years

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

yes. i think what you are explaining here is a very good idea.
as you already know it is always good not to put all your eggs in one basket, so keep in mind to just invest a part of your money in bitcoin and always keep an eye on the price.

WhatTheGox

legendary

Activity: 812

Merit: 1000

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

Hold for 2 years an you'll be 20x on investment. Why doubt bitcoin now? nothing has changed. The price right now seems like a very clear bottom we just dont have any new blood for a rally.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: rscholey on August 30, 2015, 12:21:23 AM

Just looking for some opinions. I know I can make 0.5% on my cash in the bank so I'm thinking to put a small percentage into buy and hold of bitcoins.

What do people think of this as an investment holding for 6 months, 1 year or 5 years?

this is a good idea, I am doing a similar investment myself. I put aside a portion of my money every now and then, a portion that I feel comfortable investing in bitcoin, and then buy bitcoin when price is low and put it in my cold storage for the future price rise.

Fiat_Hodler

full member

Activity: 196

Merit: 100

everyone is waiting on the sidelines to see if a consensus will be reached regarding block size. Once bitcoin is back on a "stable" path there will be panic buying since the current price is undervalued.

Cconvert2G36

sr. member

Activity: 392

Merit: 250

Quote from: mtnsaa on September 20, 2015, 08:04:10 PM

I'm new to Bitcoin but I'm not new to investment. I think the current price will remain steady ($200-300) unless there is a new major development really, and nobody can foresee what it's coming.

I think the current economic system must fall or stumble for Bitcoin to gain some actual power or real application, if not it will remain like the novelty it is, it really holds no value. However, considering that it can actually be worth millions, I couldn't pass the chance to buy a small amount at a decent price. But I don't think investing a good part of your savings would be wise at all...

Welcome to the game. Sounds like you've got the right perspective going into it. Zero or hero. My impression is we're not going anywhere (but possibly lower) until we have some clarity on future network transaction capacity.

mtnsaa

legendary

Activity: 1568

Merit: 1000

I'm new to Bitcoin but I'm not new to investment. I think the current price will remain steady ($200-300) unless there is a new major development really, and nobody can foresee what it's coming.

I think the current economic system must fall or stumble for Bitcoin to gain some actual power or real application, if not it will remain like the novelty it is, it really holds no value. However, considering that it can actually be worth millions, I couldn't pass the chance to buy a small amount at a decent price. But I don't think investing a good part of your savings would be wise at all...

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

To answer the OP: I think the answer is - generally speaking - yes. If Bitcoin succeeds, price should be higher than 230 $, even if adoption grows only slowly.

But you have to watch the news. If there really is a fork (XT etc.) in sight, maybe there will be much lower values possible. Uncertainty is the most bearish indicator in these times.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: acquafredda on September 19, 2015, 05:49:58 AM

No matter what we can say here I do think that another BTC bubble (because it will be a panic buy bubble) will come.
And when that will come we have to be ready if we want to get some chips.

I still go for the long term but I would like to monetize some cash from some cheap buying.

At least this is as I see it.

that's right. never go all in. i always do 50% investing and 50% holding fiat for when the price is crashing. buying now and holding for the long term is the best option.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

Quote from: rscholey on September 19, 2015, 03:42:52 AM

It's been over a month now. Do any of you out there feel the situation with regards to buy and hold has changed at all. Have the risks increased or decreased.

I think this buy and hold at $230 deal is looking even better now. $220 Is solid support:

Quote from: Morecoin Freeman on September 17, 2015, 12:35:04 PM

$220 And $300 have been important levels throughout 2015:

However, use your own discretion to guide your trading and investment decisions.
Best of luck.

Topic: Is buy and hold a good investment option with price around $230 - Aug 2015 (Read 3604 times)