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

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.

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.

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.

Before taking any plan of action, it is generally wise to consult other people.    I don't really see anything wrong with asking for other people's opinions about it.

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

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.

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

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

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 ?

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.

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

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.

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.

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.

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.

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...

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.

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.

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


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

For 5 years of holding time, it's a no brainer that it will be a worthy investment, since it definetly will bring you more % profit than straight on holding it on a bank.
There's too much money to be made for people to allow bitcoin to go away.

Positive agreed, i have hold and wait that moment but i have think like this when that will happen, can bitcoin price jumping to  $700

A month is nothing. If people are looking to make a quick profit off bitcoin then that ship sailed long ago and you're waisting your time. The only way you're going to profit now is from the long game. Buy coins and hold for years not months. If bitcoin is going to go mainstream it isn't going to do it over night and I suspect for any decent gains we'll be waiting 2-5 years maybe more.

Agreed, but still, bitcoin isn't exactly a safe investment. Buy and hold is definitely a good investment strategy, but be prepared to hold for a very long time.

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.

If you think longterm (up to 5 years), yes it's a good investment. Bitcoin only waits for a boost.

Timing is very important.If enter the market at the right time and invest with the trend then you win.Please note that none of the investors and speculators can not win in a row, and it is also possible that you may miss some very appealing oppurtunities.

I predict bitcoin price will raise to $250 in the end of the year. Like last year, bitcoin price increased in the end of 2014, and went down again in early year. From now, just look for the lowest bitcoin price for this season, maybe in two weeks from now or October. Goodluck at your investment . In my opinion now is right time to buy bitcoin and hold it in your wallet

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.

 

just my opinion, i think no. its not the right time yet,
bitcoin will still go down, according to some indicators. but you can still invest a bit of it..
just for insurance.. and hold it tight... just be careful of scammers and hackers thought.
because we dont have government to pursue them..
goodluck!!

i feel like its going to take a little dip to around 200 then gradually increase in price.

I think around $200 is floor for bitcoin..if it goes lower there will be huge buy orders...so yes I think it's decent price to buy and hold

i think its a good investment i believe the price will grow sooner or later

I wouldn't say bitcoin is ever a great investment option. It's okay if you want high risk and are interested in the technology.

yes I guess so, the likely size of bitcoin prices will rise in 2016 to come, so it could not hurt to invest

better when you save your money, because I think bitcoin prices will soon rise, but if you want to invest your money, then choose the 6 months

the block halving will surely affect the bitcoin price in a good way next year. but that's still quite some months away from now. currently we won't see much movement in the price as people are waiting for something to happen.

don't dream too high, i don't think so! seems bitcoin price now hard to hit $300. who will guarantee price will up next year

i don't think "guaranteed" is the right term.

i am not sure with the price, because of the bitcoin XT debate matter.
for me, it is quite a good investment as it will be solved.

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.

if you plan to hold your coins for the long term, then yes. but for short term trading it still has to be seen if we'll test the $200 level once again.

0.5% per year? you are not even beating inflation.  Probably best to diversify buy some bitcoin/litecoin and do something else with the rest, i have most of my savings working for me in some way because i got fed up with the crappy bank rates.

Having a lot of money in a bank account that pay low interest is not an investment. It is just a placeholder to avoid loosing your funds.

If you have enough money to invest you should look for severl options since it is a bad idea to put all your eggs in one basket.

With bitcoin there is only one sure thing and that is that nobody know what will happen to the value. Historicaly there is very few investments in the past two years that has been worse than bitcoin but that does not tell anything about the future.

I guess it will be profitable in majority of the cases ..
but you know it,anything can happen in crypto world.

If you are planning to hold for five years then this would be a good investement probably better then putting your money ini the bank , even if it's for one year it should be good since the halving block reward will happen 11 months from now , price should increase sooner or later but 5 years is a better option since there would be 2 halving blocks (the one 2016 and the other on 2020 I believe) Read this article aswell to get more info for how the halving will affect the price  : http://www.newsbtc.com/2015/03/13/how-will-2017s-block-reward-halving-affect-bitcoin-price/

leaving in banks doing nothing is not an option for me considering interest rate is way utterly too low. Rather than leaving it idle and doing nothing, I would probably diversify my holding to stocks and the rest into bitcoin. At least if one of it drops, there's a good chance the other will pick up.

Probably yes, because I believe that Bitcoin will increase after this and now is this limit of the price to go down.

well...leaving it on banks is much safer than on bitcoins at its present situation but that's also true that banks don't pay enought intrest rate as we are getting in bitcoins.. so I will just advice invest on banks only

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?