Is the best investment holding your Bitcoin? - page 5.

bamboylee

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Quote from: drewxward on October 26, 2016, 05:31:10 PM

I would like to say hello first off, I am new to these forums as a member, but I do often enjoy browsing on my lunch break.

I see a lot of people like to invest in other coins in particular IPO/ICO. But with the volatility of Bitcoin is this not the best investment choice in itself? Keeping your Bitcoins which have a higher value and can fluctuate more? Especially with the recent halving, I can only see the value going up.

Do you see any need to invest elsewhere or is it greedy? What are your thoughts on this?

If you see that the IPO/ICO have solid devs and will be profitable in the future, it is okay to invest in it. It is not greediness to seek and invest on different platforms. I think it is a must to invest on different coins not only on bitcoin. As long as you know that the coins you are investing have good foundation and you can invest on it for long term just like you would do with bitcoin.

Snorek

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We don't know how bitcoin will scale in the future. Financial and cryptocurrency experts generally agree that bitcoin has the biggest potential to be much more expensive.
It happened before Bitcoin price skyrocketed from $125 USD to over $1000 USD within a few months.

But...

- Bitcoin is still experimental payment system and "first edition" of cryptocurrency, a one of kind phenomena.
- Bitcoin is widely susceptible to mob mentality. That is why we see dramatic price shifts after negative news like exchange hack, bitcoin legislation etc.
- Bitcoin is hated by current economic establishment: Wall Street, Banks, Governments...

If you want to become rich then holding bitcoin may be a good idea (it certainly is stupid not to buy at least 1 BTC), but you have zero guarantee that price will skyrocket again and where it will happen.

hawkins

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Quote from: BlackPanda on November 01, 2016, 03:48:53 AM

I choose to trade. because trading can make us gain more profits than doing holding bitcoin.

you're right, I also prefer trading from the store bitcoin. but I think it's also true, that hold bitcoin in a long time is the best way of investing, especially at this time. even so, it would be very difficult, because if you hold bitcoin in significant amounts, you'll want to immediately redeem it

Vaoric

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I can agree about this, I think that holding is a good thing and that we can do it on a easy method that is safe and also good to do due to the fact it has a great future.
Holding the bitcoin is a good way because of the future!

BitcoinPanther

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Quote from: Qunenin on November 02, 2016, 02:17:21 PM

It is right, that many peoples are doing investment, But also you should see many peoples are afraid of scammers, because we all know that investment is best way in bitcoin, but the risky way is that you can't trust on anyone. So i have a one solution, that just hold your bitcoins, and when you see now bitcoin is going high, and if you sell it than it surely give you profit, than should sell them, like now bitcoin has a good price. If i sell my bitcoins than definitely they give me good profit.

That is not holding bitcoins , that is trading bitcoins. And holding is not an investment it is a strategy on how you will earn a profit in an investment. Actually a part of a trading strategy. Holding bitcoins until it meets my selling price and buy bitcoin if it meets my buying price. That is trading and holding is a part of it.

Code:

in·vest·ment
inˈves(t)mənt/Submit
noun
1.
the action or process of investing money for profit or material result.
"a debate over private investment in road-building"
synonyms:	investing, speculation; funding, backing, financing, underwriting; buying shares
"some tips for responsible investment"
stake, share, money/capital invested
"an investment of $305,000"

Qunenin

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It is right, that many peoples are doing investment, But also you should see many peoples are afraid of scammers, because we all know that investment is best way in bitcoin, but the risky way is that you can't trust on anyone. So i have a one solution, that just hold your bitcoins, and when you see now bitcoin is going high, and if you sell it than it surely give you profit, than should sell them, like now bitcoin has a good price. If i sell my bitcoins than definitely they give me good profit.

OpenTalkLab

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Quote from: BlackPanda on November 01, 2016, 03:48:53 AM

I choose to trade. because trading can make us gain more profits than doing holding bitcoin.

Not Really You can't make money all the time from trading some times you make money some times you lose money.Investing in bitcoin i think you won't find anything better than this.

Bitcoin will hit $1k before the end of this word.Market is very strong that's why possibility of dump is very low.But don't invest if you can't afford to lose your money.

BlackPanda

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I choose to trade. because trading can make us gain more profits than doing holding bitcoin.

x4

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Quote from: drewxward on October 26, 2016, 05:31:10 PM

I would like to say hello first off, I am new to these forums as a member, but I do often enjoy browsing on my lunch break.

I see a lot of people like to invest in other coins in particular IPO/ICO. But with the volatility of Bitcoin is this not the best investment choice in itself? Keeping your Bitcoins which have a higher value and can fluctuate more? Especially with the recent halving, I can only see the value going up.

Do you see any need to invest elsewhere or is it greedy? What are your thoughts on this?

Holding bitcoin is not the best investment but holding bitcoin is the safest investment out there. It will stay away you from programme that has big risks, ponzis and to make you stay away from scammers.

serjent05

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I dont think the best investment is holding my bitcoin, i think it would be buying bitcoins, and the strategy would be holding it for a very long time or do daytrades to multiply the holdings while waiting for the set price of selling. Because in my opinion holding bitcoins is not an investment but rather a strategy after buying bitcoin as an investment.

ikydesu

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Holding is better than investing on suspicious site, it sometime will run away your coin.
Holding is need safe wallet too, it's very necessary and keep your device clean from any suspicious site/software which contain malware.
I do hold my btc right now, it's clearly defined investment.

Invulner

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Invulner

I think that it isn't the best investment just holding your bitcoin because there may be something else that is way better and that suits your investment style more. You might not get the most out of bagholding bitcoins, to put it simply.

The Sceptical Chymist

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Quote from: drewxward on October 26, 2016, 05:31:10 PM

But with the volatility of Bitcoin is this not the best investment choice in itself? Keeping your Bitcoins which have a higher value and can fluctuate more?

Volatility can go both ways, of course, and yeah bitcoin is volatile as hell. Altcoins on the other hand will murder you in your sleep. You wake up from that catnap and your pet shitcoin has dropped all the way to 1 sat. I've seen it happen. I wouldn't invest in anything other than bitcoin at the moment. The other coins are too shitty and too risky.

I did not understand the bolded part above, and I'm not sure what you want to do in a volatile market. Some people are shorting bitcoin right now, thinking it's risen too high too fast. I would not rule that out completely.

ethereumhunter

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Quote from: TERA on October 30, 2016, 03:25:11 PM

There are advantages to continuously holding Bitcoin on-chain in cold storage, other than price speculation. Every time you transfer your Bitcoins, trade them, or have them on a website such as an exchange, you are paying fees as well as taking the risk that you lose all of your Bitcoins due to a mistake, a hack, a thief, a collapsing exchange, or a government seizure.

there is just small fees and its fine compare with our profit in trading. and if you don't want to make any fee, then you can still hold it in your cold storage wallet and selling when you think the price is good for you.

and for the hacking is depending on that market exchanges to secure the website and make their members safe and secure when they are inside the website.

TERA

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There are advantages to continuously holding Bitcoin on-chain in cold storage, other than price speculation. Every time you transfer your Bitcoins, trade them, or have them on a website such as an exchange, you are paying fees as well as taking the risk that you lose all of your Bitcoins due to a mistake, a hack, a thief, a collapsing exchange, or a government seizure.

lionheart78

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Quote from: talkbitcoin on October 30, 2016, 05:17:02 AM

Quote from: drewxward on October 26, 2016, 05:31:10 PM

I would like to say hello first off, I am new to these forums as a member, but I do often enjoy browsing on my lunch break.

I see a lot of people like to invest in other coins in particular IPO/ICO. But with the volatility of Bitcoin is this not the best investment choice in itself? Keeping your Bitcoins which have a higher value and can fluctuate more? Especially with the recent halving, I can only see the value going up.

Do you see any need to invest elsewhere or is it greedy? What are your thoughts on this?

all i know is that when you invest in bitcoin you can be sure that your money is in a safe place as long as you have a safe wallet (for example a paper wallet) and you can be sure that bitcoin price will go up and even if it starts falling tomorrow the price will be higher lets say a year from now.

At this point i can agree to that because we all know that bitcoin price is in an "increase in price in the future trend". So investing to bitcoin at this point is one of the good investment move. But in my opinion there is better way of taking profit with bitcoins. This is invest your investment method. By doing this you are about to multiply your investment. Though this is a bit risky but if you are succesful, this strategy is most rewarding.

talkbitcoin

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Quote from: drewxward on October 26, 2016, 05:31:10 PM

I would like to say hello first off, I am new to these forums as a member, but I do often enjoy browsing on my lunch break.

I see a lot of people like to invest in other coins in particular IPO/ICO. But with the volatility of Bitcoin is this not the best investment choice in itself? Keeping your Bitcoins which have a higher value and can fluctuate more? Especially with the recent halving, I can only see the value going up.

Do you see any need to invest elsewhere or is it greedy? What are your thoughts on this?

all i know is that when you invest in bitcoin you can be sure that your money is in a safe place as long as you have a safe wallet (for example a paper wallet) and you can be sure that bitcoin price will go up and even if it starts falling tomorrow the price will be higher lets say a year from now.

Multipulty

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Quote from: ynef on October 30, 2016, 03:53:07 AM

Others have already said this, but Bitcoin is definitely the safest of all other coins. If you are looking to buy and hodl, that is.

Don't take a loan to do that, instead just put 5-10% of your income into Bitcoin every month.

Bonus points if you add your money into Bitcoin when the price is at its lowest.

Putting some part of your income in bitcoin on regular basis is a good investment to make but the current price cannot be treated as an lowest price as most of the users will consider it has an high price for making an investment and to make profits only from holding you need to have higher amount of coins in your wallet.

ynef

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Others have already said this, but Bitcoin is definitely the safest of all other coins. If you are looking to buy and hodl, that is.

Don't take a loan to do that, instead just put 5-10% of your income into Bitcoin every month.

Bonus points if you add your money into Bitcoin when the price is at its lowest.

ariesjia

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Quote from: ?? on ??

It is right, that many peoples are doing investment, But also you should see many peoples are afraid of scammers, because we all know that investment is best way in bitcoin, but the risky way is that you can't trust on anyone. So i have a one solution, that just hold your bitcoins, and when you see now bitcoin is going high, and if you sell it than it surely give you profit, than should sell them, like now bitcoin has a good price. If i sell my bitcoins than definitely they give me good profit.

Yeah and holding is not the best way to make profits from it, as if you only hold and never sell then you will never make profits from it and I genuinely feel that using them in trading is the best way to grow your coins and also to make regular profits as holding will give you profits only if price goes higher in future.

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