Is it a good long term investment to buy 1 BTC today? - page 167.

edric

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Quote from: pilscoop on October 09, 2015, 01:12:56 PM

How safe is it?

It depends on what kind of investment you are looking for. Bitcoin is very volatile but the long term fundamental prospect is very attractive. Because there is a finite supply of Bitcoin available, unless something catastrophic happens and Bitcoin is replaced by another cryptocurrency that serves the same function, the prospect of Bitcoin increasing in value over time is quite good. There are also many unknowns. If you buy a bitcoin now and hold, you are either going to have nothing to show for in 20 years, or it is going to be worth a fortune. Depends if you are willing to take the risk.

jaysabi

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★777Coin.com★ Fun BTC Casino!

Quote from: Hugroll on October 09, 2015, 06:34:24 PM

i would say yes. reason being that after the halving happens next year, the supply should decrease quite significantly and your btc would be worth alot more than it is today (~240usd).

If it was as simple or obvious as this, the market would already have priced the expectation into the current price. That is, if (and it's a big if) the halving will translate into a higher bitcoin price, you should expect that the current price is already elevated in anticipation of this happening.

gentlemand

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If you skip wanky coffee for a few weeks then it's paid for. No one can guarantee safety. Do your reading and see what you think the future might be and whether it's worth depriving yourself of that coffee just in case.

Hugroll

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i would say yes. reason being that after the halving happens next year, the supply should decrease quite significantly and your btc would be worth alot more than it is today (~240usd).

samuray34amo

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Buying as much as Bitcoin at current price is long term investment. Buy and then just forget you have them. Lol. I mean after buying coins, just hold them until the price is is above 500+, 1000+ is even better.
Does it have risk? Of course! every investment has its risk, it doesn't matter whether you invest your money on Bitcoin or other currencies, there's still risk. It can't be 100% safe.

trollercoaster

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There will be better opportunities if you only want to buy one single bitcoin to speculate on.

Ceizer54

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i am not saying it's completely risk free to buy 1 btc now for long term purpose but yes risk is very less..
I will say it will be a good decision at the current moment to buy as much bitcoins as you can and hold them atleast till halving to see for yourself if the price will rise or fall

neochiny

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Quote from: pilscoop on October 09, 2015, 01:12:56 PM

How safe is it?

it will be safe if you hold it until the price of bitcoin go up,
but if your going to invest it on a site offering to double your bitcoin
that will vanish in no time.

Possum577

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Loose lips sink sigs!

Quote from: everaja on October 09, 2015, 01:31:44 PM

Quote from: pilscoop on October 09, 2015, 01:12:56 PM

How safe is it?

May be Good or Bad it depends on time ,Personally i never bought a whole Bitcoin but still today i can sign a message from 6BTC address.

So... you stole it?

Buying 10 tenths of a bitcoin still means you bought a whole bitcoin. How do you own 6 without having bought any?

Possum577

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Loose lips sink sigs!

Quote from: pilscoop on October 09, 2015, 01:12:56 PM

How safe is it?

It's as safe as your options if it becomes worthless. If you lose your 1 BTC, will you be broke? Homeless? If so, it's not safe. If you lose your 1 BTC, will you carry on as you did without having invested in it? If so, it's very safe...give it a shot.

By the way, what value do you put in a bunch strangers telling you what to do with you hard earned coin?

operrajunk74

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Many people who believe that the prices of the bitcoin will be definitely increased in the future, are looking at bitcoins as a investment. If you are investing in bitcoins then make sure that if the prices falls, you should be able to hold it until the prices are up. We can not exactly predict that it will be profitable or not but keep in mind that with every investment you have to take chances.

pilscoop

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Quote from: everaja on October 09, 2015, 01:31:44 PM

but still today i can sign a message from 6BTC address.

What do you mean by this?

everaja

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Quote from: pilscoop on October 09, 2015, 01:12:56 PM

How safe is it?

May be Good or Bad it depends on time ,Personally i never bought a whole Bitcoin but still today i can sign a message from 6BTC address.

jt byte

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Quote from: pilscoop on October 09, 2015, 01:12:56 PM

How safe is it?

The price has been increased past few days so i think that it's not a good time to buy.
But you say to invest for long term, i don't think that you can make a good profit only by a single bitcoin.
It is safe as much as you care about, store offline and don't leave in exchange.

RodeoX

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A better thing to do is buy a bitcoin then go shopping online. Once you see that it is safer, faster, and cheaper than any other method you will be able to make your own determination of bitcoins future success. Without using it I don't see how anyone would understand it well.

OmegaStarScream

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Quote from: pilscoop on October 09, 2015, 01:12:56 PM

How safe is it?

I'am not sure about Bitcoin going low , at least nothing below 200$ , If you are waiting it till it reach 100$ then you may wait till the rest of your life . Buy while you can we have a chance for a price increase with the halving block reward coming next July also Gemini exchange should have a good impact on the price (only the next days will tell us ) . Go for it !

randy8777

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buying bitcoin and holding it is the safest possible bitcoin related investment. the only risk is the price that may go down. but if you hold it for the long term then it is a solid investment.

eyeknock

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Quote from: pilscoop on October 09, 2015, 01:12:56 PM

How safe is it?

safe 0%, well maybe im being too raw for you, but is the truth.

i should invest on bitcoin if i have money?, ofc i will, since i really believe on it, also don't forget that something is coming, "the halving", so maybe is a good idea to invest on it before it happens Wink

pilscoop

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How safe is it?

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