Is it a good long term investment to buy 1 BTC today? - page 40.

terman45x

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Quote from: serjent05 on August 13, 2016, 11:46:10 AM

Quote from: fkvidar on August 13, 2016, 10:15:43 AM

Quote from: just_Alice on August 13, 2016, 10:07:16 AM

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

How safe is it?

It isn't safe at all, it is a cryptocurrency after all! But you can give it a chance and, maybe, you'll win this game.

There is no place to make an safe investment, if you are investing your money then you should be mentally prepared with the risks associated with it.

This is very correct! Even with a bank that is regulated by the authority have risk of becoming bankrupt. You must be prepared and should invest what you can afford to lose. There are lots of scenario where bank closure leaves alot of their client broke. Because all of the client is in that bank as saving, when this bank close and declare bankruptcy they can only refund a portion of your investment.

In my country if you have saved your money with Government sector banks then your money is safe as those banks are into existence since 100 years and they will never go bankrupt for sure.

serjent05

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Quote from: fkvidar on August 13, 2016, 10:15:43 AM

Quote from: just_Alice on August 13, 2016, 10:07:16 AM

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

How safe is it?

It isn't safe at all, it is a cryptocurrency after all! But you can give it a chance and, maybe, you'll win this game.

There is no place to make an safe investment, if you are investing your money then you should be mentally prepared with the risks associated with it.

This is very correct! Even with a bank that is regulated by the authority have risk of becoming bankrupt. You must be prepared and should invest what you can afford to lose. There are lots of scenario where bank closure leaves alot of their client broke. Because all of the client is in that bank as saving, when this bank close and declare bankruptcy they can only refund a portion of your investment.

fkvidar

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Quote from: just_Alice on August 13, 2016, 10:07:16 AM

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

How safe is it?

It isn't safe at all, it is a cryptocurrency after all! But you can give it a chance and, maybe, you'll win this game.

There is no place to make an safe investment, if you are investing your money then you should be mentally prepared with the risks associated with it.

just_Alice

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

How safe is it?

It isn't safe at all, it is a cryptocurrency after all! But you can give it a chance and, maybe, you'll win this game.

JumperX

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Quote from: sanas on August 11, 2016, 05:27:15 AM

Quote from: ?? on ??

Quote from: JumperX on August 10, 2016, 11:23:59 AM

Quote from: utkarshm on August 10, 2016, 11:11:41 AM

Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

Yes i think its expected that bitcoin price will increase by some good amount till then.But thats too much time and no one can ever predict what will happen after 5 years specially with bitcoins.So not 100% what will happen but yes its expected that its value will increase by good amount.

That's true its impossible to predict the future price of bitcoin as it is very unpredictable and we even don't know how long it will survive so its good to sell when you are making some profits from it.

That is the risk about long term investment, you really don't have idea what is going to happen with the one bitcoin that you are going to invest.
And you must take your decision lightly if you are really going to invest into long term investment. Make sure about it that you are decided so that you are not going to feel sorry if your investment is going to fall.

I think there is no need to predict the bitcoin price if you want to hold the bitcoin for the long term. The price will rise in the long term.

Yeah price will definitely rise in future and if you are going to hold it for long term then you should not be worry about the the current fluctuations as price will be much higher in future.

Gotottack

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Quote from: Intristing on August 12, 2016, 12:49:04 PM

Quote from: sanas on August 11, 2016, 05:27:15 AM

Quote from: ?? on ??

Quote from: JumperX on August 10, 2016, 11:23:59 AM

Quote from: utkarshm on August 10, 2016, 11:11:41 AM

Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

Yes i think its expected that bitcoin price will increase by some good amount till then.But thats too much time and no one can ever predict what will happen after 5 years specially with bitcoins.So not 100% what will happen but yes its expected that its value will increase by good amount.

That's true its impossible to predict the future price of bitcoin as it is very unpredictable and we even don't know how long it will survive so its good to sell when you are making some profits from it.

That is the risk about long term investment, you really don't have idea what is going to happen with the one bitcoin that you are going to invest.
And you must take your decision lightly if you are really going to invest into long term investment. Make sure about it that you are decided so that you are not going to feel sorry if your investment is going to fall.

I think there is no need to predict the bitcoin price if you want to hold the bitcoin for the long term. The price will rise in the long term.

I bought some bitcoin more than three years ago. I do not watch the daily price as I hold it for the long term.

That is right. If you are a long term investor, there is not need to note the price fluctuation every now and then.

Intristing

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Quote from: sanas on August 11, 2016, 05:27:15 AM

Quote from: ?? on ??

Quote from: JumperX on August 10, 2016, 11:23:59 AM

Quote from: utkarshm on August 10, 2016, 11:11:41 AM

Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

Yes i think its expected that bitcoin price will increase by some good amount till then.But thats too much time and no one can ever predict what will happen after 5 years specially with bitcoins.So not 100% what will happen but yes its expected that its value will increase by good amount.

That's true its impossible to predict the future price of bitcoin as it is very unpredictable and we even don't know how long it will survive so its good to sell when you are making some profits from it.

That is the risk about long term investment, you really don't have idea what is going to happen with the one bitcoin that you are going to invest.
And you must take your decision lightly if you are really going to invest into long term investment. Make sure about it that you are decided so that you are not going to feel sorry if your investment is going to fall.

I think there is no need to predict the bitcoin price if you want to hold the bitcoin for the long term. The price will rise in the long term.

I bought some bitcoin more than three years ago. I do not watch the daily price as I hold it for the long term.

sanas

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Quote from: ?? on ??

Quote from: JumperX on August 10, 2016, 11:23:59 AM

Quote from: utkarshm on August 10, 2016, 11:11:41 AM

Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

Yes i think its expected that bitcoin price will increase by some good amount till then.But thats too much time and no one can ever predict what will happen after 5 years specially with bitcoins.So not 100% what will happen but yes its expected that its value will increase by good amount.

That's true its impossible to predict the future price of bitcoin as it is very unpredictable and we even don't know how long it will survive so its good to sell when you are making some profits from it.

That is the risk about long term investment, you really don't have idea what is going to happen with the one bitcoin that you are going to invest.
And you must take your decision lightly if you are really going to invest into long term investment. Make sure about it that you are decided so that you are not going to feel sorry if your investment is going to fall.

I think there is no need to predict the bitcoin price if you want to hold the bitcoin for the long term. The price will rise in the long term.

JumperX

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Quote from: utkarshm on August 10, 2016, 11:11:41 AM

Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

Yes i think its expected that bitcoin price will increase by some good amount till then.But thats too much time and no one can ever predict what will happen after 5 years specially with bitcoins.So not 100% what will happen but yes its expected that its value will increase by good amount.

That's true its impossible to predict the future price of bitcoin as it is very unpredictable and we even don't know how long it will survive so its good to sell when you are making some profits from it.

utkarshm

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Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

Yes i think its expected that bitcoin price will increase by some good amount till then.But thats too much time and no one can ever predict what will happen after 5 years specially with bitcoins.So not 100% what will happen but yes its expected that its value will increase by good amount.

xIIImaL

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Quote from: Matt Guy on August 09, 2016, 11:26:34 PM

Yes. After recent events, when we saw the recovery and resilience of bitcoin, we have seen that there is potential for the long term.

Definitely, you have said it right. It really proved that bitcoin is a good type of long term investment. That is why it is going to keep on rising in the long term. So, invest today in bitcoin and if you have enough and excess money then get to buy and hold it for a longer time so that you are going to harvest the fruits of your wait.

Somehow Bitcoin will be not that much bad but you have to know that you have to sell it on the right moment to sell your coin and that is important for the Bitcoin.
And it can takes a long time until the value will be more worth so that can bad for the most people with no patience.

dezoel

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Quote from: sanas on August 10, 2016, 10:05:03 AM

Quote from: 1Referee on August 10, 2016, 01:21:11 AM

Quote from: mammusu on August 09, 2016, 11:55:08 PM

Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

I agree with you. its good time to buy bitcoin now and hold it for the long term
your investment will be rise few next years.

It's easy to say that you'll make profits if you hold your coins for a few years, but not many are succeeding in doing so. The far majority sell their coins within 6 months. It can be because they sell their coins in panic to avoid possible losser, or it can be because they are too tempted to sell when they see they made like 10-20% in profits. Only solid holders can keep holding their coins for that long. Especially when they are up like 100% already while they are holding.

That is the reason that majority of people do not make big money. You have to be patient. I have hold bitcoin for several years.

Yeah patience and holding is the key to earn good profits, if you want to earn really big profits then you should at least hold it for next 5 to 10 years according to your convenience.

sanas

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Quote from: 1Referee on August 10, 2016, 01:21:11 AM

Quote from: mammusu on August 09, 2016, 11:55:08 PM

Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

I agree with you. its good time to buy bitcoin now and hold it for the long term
your investment will be rise few next years.

It's easy to say that you'll make profits if you hold your coins for a few years, but not many are succeeding in doing so. The far majority sell their coins within 6 months. It can be because they sell their coins in panic to avoid possible losser, or it can be because they are too tempted to sell when they see they made like 10-20% in profits. Only solid holders can keep holding their coins for that long. Especially when they are up like 100% already while they are holding.

That is the reason that majority of people do not make big money. You have to be patient. I have hold bitcoin for several years.

1Referee

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Quote from: mammusu on August 09, 2016, 11:55:08 PM

Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

I agree with you. its good time to buy bitcoin now and hold it for the long term
your investment will be rise few next years.

It's easy to say that you'll make profits if you hold your coins for a few years, but not many are succeeding in doing so. The far majority sell their coins within 6 months. It can be because they sell their coins in panic to avoid possible losser, or it can be because they are too tempted to sell when they see they made like 10-20% in profits. Only solid holders can keep holding their coins for that long. Especially when they are up like 100% already while they are holding.

mammusu

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Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

I agree with you. its good time to buy bitcoin now and hold it for the long term
your investment will be rise few next years.

Matt Guy

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Yes. After recent events, when we saw the recovery and resilience of bitcoin, we have seen that there is potential for the long term.

Johnny00

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Quote from: serjent05 on August 09, 2016, 11:48:07 AM

Quote from: Eidheen on August 09, 2016, 11:30:06 AM

If you are talking about good long term investment. Yes buy 1 btc today and put it in cold storage wallet. And wait for it for next 4-5 years and surely you will get a profit.

Yea 4 - 5 years is really very long term. But the problem with this iss, we don't know if it is worth the wait with bitcoin. Im not being negative here but im just being cynical. I really think that an active investment is best for bitcoin, you can capitalize the high volatility of it to earn a quick profit everyday.

I agree. It is very volatile and so short term profits. Jut need patience

Finestream

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Quote from: blackmachinegun on August 09, 2016, 06:06:08 PM

Quote from: TGD on August 08, 2016, 07:29:27 AM

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

How safe is it?

It will become safe if you will invest it carefully do trading bitcoin itself, when the price go up and down, tgats a good to start to earn some profit even you will not wait for long term. If you want to earn more bitcoin when you still waiting trade with altcoin to have extra source of income.

yeah agree you could buy then make trades when in fact you're able to hold prices down for a long time. depending on
changes in its own price. but I'm sure the price will go up after this. because prices have dropped below $ 600

Well, that is how the game is played here in the BTC world. When the price fall down it will normally go back strong and those who are wise enough can always make profit in this kind of situation. If we want to earn, we should not only focus on long term investment as we can also make money in the short term.

Backside walkaround

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Man, if you invested in 1BTC in October 2015 you'd have done pretty damn well. It's always easy to look in the rearview mirror and blab about what could have been, but it takes stones to actually make a prediction and act on it in the present. I'm hoping the bitcoin I bought at $590 or so doesn't turn out to be a stinker. But you never know, and we'll see in a few years what hindsight brings us.

blackmachinegun

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Quote from: TGD on August 08, 2016, 07:29:27 AM

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

How safe is it?

It will become safe if you will invest it carefully do trading bitcoin itself, when the price go up and down, tgats a good to start to earn some profit even you will not wait for long term. If you want to earn more bitcoin when you still waiting trade with altcoin to have extra source of income.

yeah agree you could buy then make trades when in fact you're able to hold prices down for a long time. depending on
changes in its own price. but I'm sure the price will go up after this. because prices have dropped below $ 600

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