Is it better to save money or invest it? - page 450.

tygeade

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Quote from: WEBcreator on June 26, 2016, 05:38:09 AM

Quote from: BossMacko on June 26, 2016, 04:38:52 AM

Quote from: WEBcreator on June 26, 2016, 04:34:09 AM

Quote from: Mr.grin on June 26, 2016, 01:29:24 AM

I believe that the price of bitcoin will rise again.

There is no way to tell wether the price will rise again or not, in fact the price has been keep on dropping and goes back up. This is the effect of the halving hype and sooner or later once we reach halving, the price could be going down sharply therefore dont tell something that you are not certain about

Many Bitcoin users believes that after halving price will go up. I also believe that the price will go up. Now going back to the topic if you have money better to buy it Bitcoin and just keep it in your Bitcoin wallet, It is the same as saving your money in the bank. But in this case you can profit more in the long run if you can wait for a period of time. Goodluck

Bitcoin could be considered as the best investment currently , what I actually mean as the best is that the return of investment is quite high compare to the other investment out there and you can literally 'save' your money in bitcoin however it is definitely not the 'safest' investment compare to gold

Its not the safest but at this stage we can afford to take that extra risk to earn best profits at the halving and that profits we can invest in gold later on.

WEBcreator

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Quote from: BossMacko on June 26, 2016, 04:38:52 AM

Quote from: WEBcreator on June 26, 2016, 04:34:09 AM

Quote from: Mr.grin on June 26, 2016, 01:29:24 AM

I believe that the price of bitcoin will rise again.

There is no way to tell wether the price will rise again or not, in fact the price has been keep on dropping and goes back up. This is the effect of the halving hype and sooner or later once we reach halving, the price could be going down sharply therefore dont tell something that you are not certain about

Many Bitcoin users believes that after halving price will go up. I also believe that the price will go up. Now going back to the topic if you have money better to buy it Bitcoin and just keep it in your Bitcoin wallet, It is the same as saving your money in the bank. But in this case you can profit more in the long run if you can wait for a period of time. Goodluck

Bitcoin could be considered as the best investment currently , what I actually mean as the best is that the return of investment is quite high compare to the other investment out there and you can literally 'save' your money in bitcoin however it is definitely not the 'safest' investment compare to gold

CoinFoxs

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Quote from: Sandroxa on June 24, 2016, 05:00:44 PM

Quote from: Dux2K on June 24, 2016, 04:31:01 PM

Some its wise to invest considering its halving year

In my eyes its not wise because the price is now already pretty high and due to that if you are investing now you can also easily lose profit without any doubts.

It is a part of business you can loose profit or gain profit and the price is pretty good now if we can invest in a good place then we get a good profit Isn't?

CoinFoxs

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Quote from: jerol31 on March 26, 2015, 07:25:04 AM

Is it better to save money in bank or invest it online, in real estate or maybe gold?

I guess the good option is to invest your money at the right place from where you can get profit.. !! IF you invest your money then your money will increasing and you have a good amount of money..

BossMacko

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Quote from: WEBcreator on June 26, 2016, 04:34:09 AM

Quote from: Mr.grin on June 26, 2016, 01:29:24 AM

I believe that the price of bitcoin will rise again.

There is no way to tell wether the price will rise again or not, in fact the price has been keep on dropping and goes back up. This is the effect of the halving hype and sooner or later once we reach halving, the price could be going down sharply therefore dont tell something that you are not certain about

Many Bitcoin users believes that after halving price will go up. I also believe that the price will go up. Now going back to the topic if you have money better to buy it Bitcoin and just keep it in your Bitcoin wallet, It is the same as saving your money in the bank. But in this case you can profit more in the long run if you can wait for a period of time. Goodluck

WEBcreator

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Quote from: Mr.grin on June 26, 2016, 01:29:24 AM

I believe that the price of bitcoin will rise again.

There is no way to tell wether the price will rise again or not, in fact the price has been keep on dropping and goes back up. This is the effect of the halving hype and sooner or later once we reach halving, the price could be going down sharply therefore dont tell something that you are not certain about

Mr.grin

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Quote from: blackmachinegun on June 25, 2016, 10:26:32 PM

Quote from: Sandroxa on June 24, 2016, 05:00:44 PM

Quote from: Dux2K on June 24, 2016, 04:31:01 PM

Some its wise to invest considering its halving year

In my eyes its not wise because the price is now already pretty high and due to that if you are investing now you can also easily lose profit without any doubts.

yeah probably quite risky if you buy bitcoin at such a high price today because I'm sure a lot of people are afraid because the price down is very likely to occur. I think if the price of bitcoin down like yesterday you have to dare to buy. because it is the time to buy

I believe that the price of bitcoin will rise again. if you're in doubt about it, a good option is to invest bitcoin do you have because then you could be making bitcoin you got more.

WEBcreator

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Quote from: SquallLeonhart on June 25, 2016, 03:55:42 PM

Quote from: WEBcreator on June 25, 2016, 02:01:47 PM

Quote from: serjent05 on June 25, 2016, 01:28:26 PM

Quote from: WEBcreator on June 25, 2016, 01:06:01 PM

Quote from: tampazeus on June 25, 2016, 09:30:17 AM

Cannot afford to trust online investments nowadays, as its really difficult to find trustworthy sites, if I have to invest then I will invest in trading sites, as those are trusted sites for bitcoin trading.

You can literally 'invest' in a trading sites, there isnt one site that allow you to 'invest' on them and Trading is not an investment, trading is more or less the same with gambling however in trading there isnt anything like house edge which makes this as a game of chance rather than game of luck .

I agree, in trading you have an option to reduce the so called "risk" by doing your "homework". Having strategic planning and research can lessen the risk of losing in trades in a certain degree. But if you really want to lessen the risk of getting scammed, why not put up a local store yourself and accept bitcoin with it Cheesy

That way, you are certain that you can see all things happening infront of your eyes.

Indeed however the risk stays the same no matter what. Some people just put their money on bitcoinand leave it as it is, open it up once the price got into X amount of USD then sell it for some profit while others make living through short term trading, it is considered as one of the best investment currently

I have always felt that holding too long can never be profitable, you need to play with your coins in short term as price fluctuations will allow you to make regular profits.

Some people just dont have the time to trade, some people prefer to save it up and sell it when the price has been quite high instead of taking fraction of pofit percentage each time, it is a waste of time for some people. The price has been around 70 + % increase since a months ago btw and that is a good profit if you are holding it up months ago

blackmachinegun

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Quote from: Sandroxa on June 24, 2016, 05:00:44 PM

Quote from: Dux2K on June 24, 2016, 04:31:01 PM

Some its wise to invest considering its halving year

In my eyes its not wise because the price is now already pretty high and due to that if you are investing now you can also easily lose profit without any doubts.

yeah probably quite risky if you buy bitcoin at such a high price today because I'm sure a lot of people are afraid because the price down is very likely to occur. I think if the price of bitcoin down like yesterday you have to dare to buy. because it is the time to buy

Cyaren

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Quote from: eddyubachs on June 25, 2016, 05:23:23 PM

Quote from: hermanhs09 on June 25, 2016, 05:02:08 PM

Quote from: SquallLeonhart on June 25, 2016, 03:55:42 PM

Quote from: WEBcreator on June 25, 2016, 02:01:47 PM

Quote from: serjent05 on June 25, 2016, 01:28:26 PM

Quote from: WEBcreator on June 25, 2016, 01:06:01 PM

Quote from: tampazeus on June 25, 2016, 09:30:17 AM

Cannot afford to trust online investments nowadays, as its really difficult to find trustworthy sites, if I have to invest then I will invest in trading sites, as those are trusted sites for bitcoin trading.

You can literally 'invest' in a trading sites, there isnt one site that allow you to 'invest' on them and Trading is not an investment, trading is more or less the same with gambling however in trading there isnt anything like house edge which makes this as a game of chance rather than game of luck .

I agree, in trading you have an option to reduce the so called "risk" by doing your "homework". Having strategic planning and research can lessen the risk of losing in trades in a certain degree. But if you really want to lessen the risk of getting scammed, why not put up a local store yourself and accept bitcoin with it Cheesy

That way, you are certain that you can see all things happening infront of your eyes.

Indeed however the risk stays the same no matter what. Some people just put their money on bitcoinand leave it as it is, open it up once the price got into X amount of USD then sell it for some profit while others make living through short term trading, it is considered as one of the best investment currently

I have always felt that holding too long can never be profitable, you need to play with your coins in short term as price fluctuations will allow you to make regular profits.

Nah holding onto btc provides a lot of profit in the long run you just have to be smart and decide when btc is at a good price for you and do not be unrealistic so figure out what price you like and stick to it. Save your btc for a higher price instead of investing it and you'll be happier in the LONG run but short term i do like to invest here and there to make a quick buck.

That's what he is trying to say that its always good to earn profits on regular basis instead of holding it too long as we don't know what will be the price of bitcoin in future.

I guess but you do have to stick to a firm belief of what you want, you cannot go off of your own path that you have made, set a goal and once you reach that goal, cash out do not get greedy because the greedier you get the more money you lose in the end

Hope this helps you guys out a lot.

eddyubachs

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