Purchasing bitcoins – a profitable investment?

dsly

full member

Activity: 168

Merit: 100

Quote from: bitcoincasino.info on December 04, 2014, 10:26:11 AM

When purchasing bitcoins, are you aware of their volatility? Most world currencies seem to be tied to USD – the reserve currency, and BTC rate remains unpredictable.

- Read full article HERE

Yeah mot currencies relate to USD but still could fall by a lot,like the peso.
Bitcoin is independent, but since its not adopted fully yet, it could fall and rise even by one news

seoincorporation

legendary

Activity: 3346

Merit: 3130

Purchasing bitcoins can be a great business but need patience. Now is a great moment to buy.

If you get the bitcoins now at $330 and wait it goes to $500, you make your invest x1.34... Cool

But at last need time and patience. Wink

IceFire

newbie

Activity: 19

Merit: 0

To me, purchasing BitCoins is always a good thing; but I am always afraid; at the same time, when doing so. At times, you can even find interesting offers on non-bitcoin forums and marketplaces; but in order to transfer those safely, one needs a system that lets you trust a total stranger. BitHalo seems to be offering just that ( http://davtonia.com/halowiki/index.php?title=BitHalo_-_The_world%27s_first_smart_contracting_client ), but I am still not convinced. Any thoughts?

bitgeek

sr. member

Activity: 462

Merit: 251

Yes. Just try to buy as low as possible, don't be hasty. Bitcoin usually swings up and down every and you should aim at those swings.

In the long run Bitcoin will be worth more than it is now, even if it finally dies and becomes replaced by something new. It will have another pump Wink

zlatanBorec

member

Activity: 112

Merit: 10

Quote from: bf4btc on December 15, 2014, 02:38:43 AM

Quote from: sherbyspark on December 13, 2014, 03:32:22 PM

Quote from: Haruko on December 13, 2014, 10:08:41 AM

Quote from: wadili89 on December 13, 2014, 03:11:55 AM

Bitcoins are a good investment if holding for long term. It has big volatility so following it regularly would be stressful.

Buy them, put them in cold storage and come back after a few years.

i repeat...

i think bitcoin is good for the long run...

but if you are exper in trading you can gain in less time...

just check to the new altcoin releas...

they are in the pump&dump scheme..
so in you have good intuition you will do good gain in a few time!!!

Its still hard to say, that it might be good in the long run. Just like dollars even if bitcoin is adopted by many people, it wouldn't mean that the price would keep going up.

When you have dollars you can easily spend them on almost anything, almost anywhere. The same is not yet true with bitcoin. If you cannot spend your bitcoin on what you want to buy then it is essentially worthless to you

remeber..

USA dollar was born on 6 july 1785.

Bitcoin just in 2009!!!

whe are just at the beginning!

bf4btc

hero member

Activity: 568

Merit: 500

Smoke weed everyday!

Quote from: sherbyspark on December 13, 2014, 03:32:22 PM

Quote from: Haruko on December 13, 2014, 10:08:41 AM

Quote from: wadili89 on December 13, 2014, 03:11:55 AM

Bitcoins are a good investment if holding for long term. It has big volatility so following it regularly would be stressful.

Buy them, put them in cold storage and come back after a few years.

i repeat...

i think bitcoin is good for the long run...

but if you are exper in trading you can gain in less time...

just check to the new altcoin releas...

they are in the pump&dump scheme..
so in you have good intuition you will do good gain in a few time!!!

Its still hard to say, that it might be good in the long run. Just like dollars even if bitcoin is adopted by many people, it wouldn't mean that the price would keep going up.

When you have dollars you can easily spend them on almost anything, almost anywhere. The same is not yet true with bitcoin. If you cannot spend your bitcoin on what you want to buy then it is essentially worthless to you

MemoryShock

hero member

Activity: 728

Merit: 500

It's not a recommended strategy but altcoins are almost only purchasable via BTC and there is greater volatility there. If you know how to read it (and you really should read spend a lot of time reading the threads and getting to know the rhetoric) then you it can be a great investment. I've been doing it for a year and am only up 50ish% BTC (400% fiat) so my opinion is really that should be taken with a huge grain of salt.

If we wanted to turn this into a BTC vs altcoin discussion - not interested. BTC is here to stay but there are probably a few altcoins that will persist through the next year so a short term attention is not prohibitive.

wadili89

legendary

Activity: 1106

Merit: 1000

Quote from: Haruko on December 13, 2014, 10:08:41 AM

Quote from: wadili89 on December 13, 2014, 03:11:55 AM

Bitcoins are a good investment if holding for long term. It has big volatility so following it regularly would be stressful.

Buy them, put them in cold storage and come back after a few years.

i repeat...

i think bitcoin is good for the long run...

but if you are exper in trading you can gain in less time...

just check to the new altcoin releas...

they are in the pump&dump scheme..
so in you have good intuition you will do good gain in a few time!!!

You can gain, but you can lose big too. If you want to trade you should have limits put on you and follow it strictly, otherwise you may lose everything in a few hours.

arieq

sr. member

Activity: 364

Merit: 256

Quote from: sherbyspark on December 13, 2014, 03:32:22 PM

Quote from: Haruko on December 13, 2014, 10:08:41 AM

Quote from: wadili89 on December 13, 2014, 03:11:55 AM

Bitcoins are a good investment if holding for long term. It has big volatility so following it regularly would be stressful.

Buy them, put them in cold storage and come back after a few years.

i repeat...

i think bitcoin is good for the long run...

but if you are exper in trading you can gain in less time...

just check to the new altcoin releas...

they are in the pump&dump scheme..
so in you have good intuition you will do good gain in a few time!!!

Its still hard to say, that it might be good in the long run. Just like dollars even if bitcoin is adopted by many people, it wouldn't mean that the price would keep going up.

that's why I'm spread. As long as the spread is covered, I don't care which direction it goes. I'm strictly trading for a higher price than what I bought it for. I'm not speculating.

sherbyspark

hero member

Activity: 910

Merit: 1000

Quote from: Haruko on December 13, 2014, 10:08:41 AM

Quote from: wadili89 on December 13, 2014, 03:11:55 AM

Bitcoins are a good investment if holding for long term. It has big volatility so following it regularly would be stressful.

Buy them, put them in cold storage and come back after a few years.

i repeat...

i think bitcoin is good for the long run...

but if you are exper in trading you can gain in less time...

just check to the new altcoin releas...

they are in the pump&dump scheme..
so in you have good intuition you will do good gain in a few time!!!

Its still hard to say, that it might be good in the long run. Just like dollars even if bitcoin is adopted by many people, it wouldn't mean that the price would keep going up.

Haruko

member

Activity: 84

Merit: 10

Quote from: wadili89 on December 13, 2014, 03:11:55 AM

Bitcoins are a good investment if holding for long term. It has big volatility so following it regularly would be stressful.

Buy them, put them in cold storage and come back after a few years.

i repeat...

i think bitcoin is good for the long run...

but if you are exper in trading you can gain in less time...

just check to the new altcoin releas...

they are in the pump&dump scheme..
so in you have good intuition you will do good gain in a few time!!!

wadili89

legendary

Activity: 1106

Merit: 1000

Bitcoins are a good investment if holding for long term. It has big volatility so following it regularly would be stressful.

Buy them, put them in cold storage and come back after a few years.

Haruko

member

Activity: 84

Merit: 10

Quote from: bitcoincasino.info on December 04, 2014, 10:26:11 AM

When purchasing bitcoins, are you aware of their volatility? Most world currencies seem to be tied to USD – the reserve currency, and BTC rate remains unpredictable.

- Read full article HERE

i think you can buy bitcoin just now if you would to go for the long run...
there are a lot of articles in the web who talk about bitcoin price will go to 1000$ or 10000$....
this is not sure... and if will be, will have to go a long long time!!!

but remeber...
invest just what you can lose!!!

TrianglePythagoras

sr. member

Activity: 274

Merit: 250

Quote from: Bit_Happy on December 11, 2014, 03:44:40 PM

Bitcoins are a GREAT investment. Just make certain you retain plenty of money to buy more if the price goes down.
If all else fails: "Sell low and buy back lower" Cheesy

Or hold?

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Bitcoins are a GREAT investment. Just make certain you retain plenty of money to buy more if the price goes down.
If all else fails: "Sell low and buy back lower" Cheesy

TrianglePythagoras

sr. member

Activity: 274

Merit: 250

As a short term investment, I wouldn't recommend. It's definitely a long term investment.

LOBSTER

hero member

Activity: 560

Merit: 500

Quote

In other words, purchasing Bitcoins and making money on them is an option if you know how to choose the right time to enter and exit positions.

Yeah, if you are trading short term. I mean you have to quantify the Bitcoin network on a long time frame -> evolution of our existing finance system.

sherbyspark

hero member

Activity: 910

Merit: 1000

Quote from: HeroCat on December 05, 2014, 01:47:08 AM

It depends what you know about BTC, if you know a lot about BTC, then you know, why to buy and where to invest BTC. And of course I think it is better if you know about all crypto market as well.

Actually, if you have a lot of fiat, you might just be able to use the volatility and manipulate the prices to make a good profit.

SanMerryDro

member

Activity: 80

Merit: 10

maybe it was ago, buy now it couldn't if you just buy bitcoins to wait a profit Sad

HeroCat

hero member

Activity: 658

Merit: 500

It depends what you know about BTC, if you know a lot about BTC, then you know, why to buy and where to invest BTC. And of course I think it is better if you know about all crypto market as well.

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