Need your advice please - page 2. | Bitcointalksearch.org

a7788

newbie

Activity: 22

Merit: 0

Quote from: adnanabbas on September 26, 2013, 08:33:11 AM

Im thinking of sinking 2.5k into buying BTC. I know you cant tell for sure but do you think its a good idea?

Sure you can, that is not much money, just do it. If you have experince in investing in STOCK , FUTURE or FOREX, that will be great for you to purchase it and speculate it, maybe you will get more than 2.5k after. Just my personal opinion for your reference!

Jumpy

full member

Activity: 182

Merit: 100

Quote from: EvilPanda on September 27, 2013, 01:07:33 PM

Quote from: smoothie on September 27, 2013, 04:21:59 AM

If you can afford to lose it all...then sure I suppose you could. But that is your decision.

He won't lose all, with all the money currently in circulation and milions invested in hardware, even if the market plummets btc won't reach 0$, . On the other hand BTC is going up every year so I'm really positive about it. With current economy he's better off with BTC than bonds for instance. My yearly BTC investments bring me at least 20x more than a bank deposit would.

I actually disagree with this assessment. The investment in BTC at this point is pretty much binary; it's either worth more than the current price or (at some point in the future) it is worth nothing. The more we feel that the latter will not happen, the closer to the true price of the former BTC will reach.

There are a few events that could make BTC plummet to the relative worth of other trash altcoins, like a 50% attack, a replacement cryptocurrency, or regulatory pressure that pushes speculators out of their coins. I'm not saying that any of these are particularly likely outcomes, but it is possible that your investment becomes worth nearly 0.

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: smoothie on September 27, 2013, 04:21:59 AM

If you can afford to lose it all...then sure I suppose you could. But that is your decision.

He won't lose all, with all the money currently in circulation and milions invested in hardware, even if the market plummets btc won't reach 0$, . On the other hand BTC is going up every year so I'm really positive about it. With current economy he's better off with BTC than bonds for instance. My yearly BTC investments bring me at least 20x more than a bank deposit would.

cr1776

legendary

Activity: 4256

Merit: 1313

If you can afford to lose it, then yes. Many believe that bitcoin's future is something of a binary proposition: it will either succeed wildly or will completely fail with little in between. Likewise, many people believe in the "succeed wildly" scenario for many, many reasons, but that is no guarantee since no one really knows.

You can view it as a lottery ticket that seems right now to have pretty good odds for paying off quite well over the long term.

Quote from: adnanabbas on September 26, 2013, 08:33:11 AM

Im thinking of sinking 2.5k into buying BTC. I know you cant tell for sure but do you think its a good idea?

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

If you can afford to lose it all...then sure I suppose you could. But that is your decision.

viboracecata

legendary

Activity: 1316

Merit: 1000

Varanida : Fair & Transparent Digital Ecosystem

If you just do a speculation, now is not proper to do that.

Or if you want to invest in bitcoin, then just do it.

xxjs

sr. member

Activity: 280

Merit: 250

Do it.

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

If it's money you can afford to lose then yes. Otherwise, think again.

Foxpup

legendary

Activity: 4551

Merit: 3445

Vile Vixen and Miss Bitcointalk 2021-2023

If you have to ask, the answer is no.

adnanabbas

full member

Activity: 224

Merit: 100

Im thinking of sinking 2.5k into buying BTC. I know you cant tell for sure but do you think its a good idea?

Topic: Need your advice please - page 2. (Read 2303 times)