Topic: Is buy and hold a good investment option with price around $230 - Aug 2015 - page 3. (Read 3603 times)

In general I agree with this due to how much money is/has been put into Bitcoin start-ups and the traction its already gained.


This I'm not so sure of. There is some evidence that all halving does is raise the price before halving (I'm thinking of Litecoin, and yes, I know it's kind of apples and oranges), as people speculate the price is sure to go up, and then dumping afterward which brings the price down again.

Then again, the price of Bitcoin (via coindesk) at the last halving was about $12.20+ (in 2012) but didn't show much marked increase from the previous months leading up to the halving. After that though, four months later, the price was the price of today $230, but then went down again. Then there was mtgox.

This is all a round about way of saying I've no idea, but I'm holding.

It is his view, an intelligent guess, given the long downturn and block reward halving next year. 

I would think that waiting until the whole XT/BIP 100/101 deal blows over, because there's going to be a lot of unpredictable fluctuations. I can see the price dropping lower if this stuff escalates.

It's safe to say that bitcoin is safe in the 200$ range, so the next years halving that will lower the supply is definitely going to affect the price pushing it up.
I would advise buying and saving it atleast fot that 1 year, it shouldn't be a problem to have much higher return (if not doubled) by then, but of course; nothing can be guaranteed.

Believe me there was never any sure point of entry into Bitcoin and never will be (at least in couple of years will not be).Bitcoin's price is unstable and investment is always risky in anything.230$ can be good for some people and for others is not good to invest at this price.I think we will see some stability in price over the next couple of month instead of increase or decrease.If you want to hold on long term basis then do it at around 230$.You only lose if you sell your coins.

In general I agree with the above, with emphasis on highlighted portion.  My personal guess is that there is an 80% chance that Bitcoin will survive.  That is down from 90% 2 weeks ago, and I see the trend floating ever so slightly lower due to the level of division, and the increased realization by TBTB that actually pegging a Fedcoin to the IMF SDR/XDR would actually be relatively simple to achieve a level of global acceptance for.  Technically it would be a breeze.  But the wind is still at Bitcoins back in the buildout of infratructure / 3rd party dev / investments - so I still see that Bitcoin Survival is the highest probability - even if done through force, which I see as greater than a 50% chance now.  By force I mean unleashing an army of zombie miners, in conjuction with other built in triggers - long enough to activate XT.  Just because you don't see them online, doesn't mean they can't come online instantly.   Lots of processor power being lined up out there.  They are drafting the Supercomputers.

But with that said, I would follow general investor advice regarding Gold at this time..... be diversified and put at least 5 - 10% in Bitcoin.  However, the instant it looks like this thing resolves (and also looks like there is no Bitcoin Killer that is the reason for it) then I'd quickly start upping that percentage.  When this finally goes, it will go steady but fast.

But I agree that while we are in the throes of where we are now - things could swing wildly.  But in the giant scope of possibilities, I'd just be locking in some bitcoins.

I would say at this price range it is good to invest in Bitcoin.There is possibility that price to drop a bit but that will be temporary if that happens.Buying at around 230$ can not make much loss in case of a bit drop in price but I see price stable between 210$-240$ for this year.This is my opinion may be you not agree with this.

6 months and 1 year is to low. If you are looking to hold 3 years then OK. By waiting the end of the block size debate, you might get cheaper coins but this isn't sure. Even if we see another price drop, this won't be a huge drop in my opinion, or nothing that you can't make up very fast when price starts soaring up again.

Also yes, Bitcoin investment is very risky, even at the moment, but that's why you have incredible opportunity to make much serious money in the near future, something that you can't get in the bank but than again, your money is safer in the bank.

Good luck!

really? how did you know price will up next year

You should wait until the Blockstream/XT battle has finished before making any serious investment decisions. I do not think we have reached the bottom price from that situation yet. You may be able to get some coin for a lot cheaper.

No market prediction is ever easy.  Still, I think the chances are good that Bitcoin will be significantly higher in twelve months from now because of the halving and more certainty because the blocksize debate is already starting to resolve as miners are voting.

If you can hold it for a long period of time, yes. But I don't think the price will be jumping in the near future.

Yes hodl,
But to be honest it's a ton of fun to spend bitcoin too. So much better than boring cash! So save some and spend some. Enjoy life!

Yes it will be better if you can hold for like months and sell when it goes up ,
or if you are speaking of like when will bitcoin reach million $ then NO.

IMO, the supply is still outpacing the demand by a large margin. The bulk "SELL" deals in some of the exchanges, sometimes involving thousands of coins is a proof for this (during the past 2-3 months, I have noticed several of such deals in BTC-e). I believe that the exchange rate will continue to go down for at least another year.

Really? After the last bubble we had it isn't unusual to go through such a long bear phase. After the bubble from $30 down to 2 cents it took the market 24 months to recover from that. The same pattern we are seing now. So no surprise to me.
After this debate and the coming halving many unexpected things can happen. Positive as also negative.

I would recomend trading a bit on Yobit. Seeing these types of advice in the trolbox all the time. Usually it is a bagholder trying to get a pump going so they can dump.

Price wont go much lower than this anytime soon so now is a good time to buy if you want in.


Is it? Depends on what country you're in. Places like Greece aren't doing so well. Because of deflation and the cost of living going up you actually lose money keeping it in a bank every year so bitcoin could be much safer. You could just sell a little b it everytime it rises then buy back when it falls if you wanted to make money that way.

Lol. If it was that easy we wouldn't be at $230 right now. I assume you already bought a huge load of coins to sell at $500?

Bitcoin will hit $500 easily next year, you are practically guaranteed to double your money if you buy now.