Save, Invest, Wait, Profit | Bitcointalksearch.org

JumperX

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Quote from: newcoins1978 on July 07, 2016, 10:21:34 AM

Quote from: Mr.grin on July 01, 2016, 01:40:29 PM

Well, I really like this rationale. I think this is a very simple idea that could make us make money the easy way. but I think it would be very difficult to keep bitcoin in a long time

You need to buy then hold on or save them then you should sell when the price is high so that you can make a profit.
That is how you should do it because gambling and stuff that is not going to make money for you.

Exactly gambling will never benefit you in long run, the best thing is to invest and hold it for the future to earn higher profits.

Dafar

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Quote from: Dilla on July 01, 2016, 04:49:02 PM

$17 a week for food? Are you fucking high?

This. There is no fucking way I can live off $17/week for food... do you live in Bangladesh or something?

$17 is what I spent for lunch today

newcoins1978

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Quote from: Mr.grin on July 01, 2016, 01:40:29 PM

Well, I really like this rationale. I think this is a very simple idea that could make us make money the easy way. but I think it would be very difficult to keep bitcoin in a long time

You need to buy then hold on or save them then you should sell when the price is high so that you can make a profit.
That is how you should do it because gambling and stuff that is not going to make money for you.

Altynbekova

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I think that at the moment it is best to save them because the halving is coming pretty soon now, after the halving I am going to decide what to do next.
It does not really matter to me what will happen, if the price is dropping then I am going to buy more coins.

Sharma

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Quote from: Francisco on July 01, 2016, 12:58:12 PM

Easy plan to save millions by 2020

https://healthybillionaire.wordpress.com/

Sounds like a plan to me. I think that there is really no point in measuring your wealth in USD anymore though, because who knows where USD is going to crash to by 2020.

Still, always good to invest & save. Better than letting your money lie around and do nothing.

arseaboy

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Quote from: ?? on ??

I quit smoking cigarettes 5 years ago, I then started immediately not spending USD$200 a month. Three years ago I started spending that amount on bitcoin. I am dollar cost averaging, I don't get upset about large or small swings.

I've tried to play it a few times, ran a bot on Gox that did very well. Since Gox went away I just hodl. Even if bitcoin goes to zero, I spent the $$$ in something I believe in, instead of sending it up in smoke, and killing myself.

wow a good job for you buddy removing vices would be a good decision to save money, investing it to something that will benefits you in the long run like bitcoin will profits you just needed to wait an see the results. good luck to you and keep it up mate.

vero

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Quote from: Francisco on July 01, 2016, 12:58:12 PM

Easy plan to save millions by 2020

https://healthybillionaire.wordpress.com/

3 year more than now, it's still complicated to say by holding some bitcoin would make you millionaire in the future. we must think the price of bitcoin will not goes higher than before bitcoin has reach.

~Bitcoin~

legendary

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I like that saving part but investing is quite tricky and you have to look and understand all possible outcomes from your investment in future. And also have to be careful about not investing in high risky projects or products getting lured with possible quick high return for example investing in HYIP is just foolish decision.

Bitcoinsummoner

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Quote from: Corenin on July 04, 2016, 03:23:32 AM

Quote from: martinacar on July 04, 2016, 02:47:30 AM

Quote from: Mr.grin on July 01, 2016, 01:40:29 PM

Well, I really like this rationale. I think this is a very simple idea that could make us make money the easy way. but I think it would be very difficult to keep bitcoin in a long time

This strategy is easy to make use of but the thing with Bitcoin is, is that you will have to wait a long time to make money. Some people just do not have the patient to wait a long time and want to make fast money.
That is the thing with Bitcoin you will have to wait but if it is going to pay off is still the question.

If you want to earn good profits from bitcoin then you need to hold it for at least next 2 to 3 years, as price would be surely in 4 digits by then, not possible to predict the exact price.

Very long journey for bitcoin that we can sure if it will increase in that year.. and i think its better to invest and start your own business instead that you know that you can make a profit even in the future..

Karartma1

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I mean very nice the saving part and automatic bitcoin rebuy. But this article assumes that BTC value will grow constantly which does not happpen as showed.
I could live on beans, rice and cereals but I think $20 a week is not enough.

streazight

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It's the right way to earn with bitcoins but the amount you save also depends. It should be an amount you can afford to invest and not beyond your budget. $17 isn't an amount you can pay for a healthy diet. I myself spend about $6-$7 per day if I have home food else $10-$15 if we eat in restaurants.

It amounts to $50-$60 per week and $200 per month which crosses the budget they actually calculated. Also, coinbase doesn't allow me to buy bitcoins. The calculation is completely wrong.

Corenin

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Quote from: martinacar on July 04, 2016, 02:47:30 AM

Quote from: Mr.grin on July 01, 2016, 01:40:29 PM

Well, I really like this rationale. I think this is a very simple idea that could make us make money the easy way. but I think it would be very difficult to keep bitcoin in a long time

This strategy is easy to make use of but the thing with Bitcoin is, is that you will have to wait a long time to make money. Some people just do not have the patient to wait a long time and want to make fast money.
That is the thing with Bitcoin you will have to wait but if it is going to pay off is still the question.

If you want to earn good profits from bitcoin then you need to hold it for at least next 2 to 3 years, as price would be surely in 4 digits by then, not possible to predict the exact price.

martinacar

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Quote from: Mr.grin on July 01, 2016, 01:40:29 PM

Well, I really like this rationale. I think this is a very simple idea that could make us make money the easy way. but I think it would be very difficult to keep bitcoin in a long time

This strategy is easy to make use of but the thing with Bitcoin is, is that you will have to wait a long time to make money. Some people just do not have the patient to wait a long time and want to make fast money.
That is the thing with Bitcoin you will have to wait but if it is going to pay off is still the question.

prtty2gal2

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Quote from: OrangeII on July 03, 2016, 12:25:50 PM

Quote from: Francisco on July 03, 2016, 09:48:37 AM

All profits in stocks, trading, or any other active investment must be denominated in a base currency. I'd rather just hold the currency of the Internet Bitcoin and add to my bag each week by being smart with the food I eat.

I also think that the trading or investment may be great potential for generating bitcoin, however, it is quite risky, and probably the best thing you can do to make a profit is by holding your bitcoin and waiting for profits.

Bitcoins if bought at a lower/minimum rate can definitely be profitable as it has the potential to rise to above $1.5k but the issue is holding it for so long while it isn't even considered a legal currency anywhere and has no definite future. How much time would you consider holding 1-2 BTC? I think 1 year is max and not 4-5 years.

helloeverybody

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Quote from: erikalui on July 03, 2016, 01:45:32 PM

Who can be sure that bitcoins may still exist till 2020? Also, the price 2 years ago was $1300 and now it's half the amount and hence the price also depends if you save your bitcoins. By 2020, we may reach $1300 or $300 and hence even though bitcoin's supply is limited, there is no surety that it is a good investment. If the price was less like $10-$100, we could consider saving bitcoins.

This is true but the market price back in 2013 was pure market manipulation by the wille bot. If this year /halving its real investors and not manipulation then the price should be far easier to Maintain.

erikalui

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Who can be sure that bitcoins may still exist till 2020? Also, the price 2 years ago was $1300 and now it's half the amount and hence the price also depends if you save your bitcoins. By 2020, we may reach $1300 or $300 and hence even though bitcoin's supply is limited, there is no surety that it is a good investment. If the price was less like $10-$100, we could consider saving bitcoins.

OrangeII

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Quote from: Francisco on July 03, 2016, 09:48:37 AM

All profits in stocks, trading, or any other active investment must be denominated in a base currency. I'd rather just hold the currency of the Internet Bitcoin and add to my bag each week by being smart with the food I eat.

I also think that the trading or investment may be great potential for generating bitcoin, however, it is quite risky, and probably the best thing you can do to make a profit is by holding your bitcoin and waiting for profits.

useless4

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Quote from: Francisco on July 03, 2016, 09:48:37 AM

All profits in stocks, trading, or any other active investment must be denominated in a base currency. I'd rather just hold the currency of the Internet Bitcoin and add to my bag each week by being smart with the food I eat.

well i guess you are right that it is better to just hold your bitcoins and thats it because in this way you will definitely not lose everything and you might even make money

i would definitely not invest my bitcoins into anything because all the investment options with it are really risky in my opinion and it is definitely not worth doing that i think

Francisco

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All profits in stocks, trading, or any other active investment must be denominated in a base currency. I'd rather just hold the currency of the Internet Bitcoin and add to my bag each week by being smart with the food I eat.

M28MmickT

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Quote from: ardentvolcanoes on July 03, 2016, 08:35:57 AM

Quote from: ?? on ??

Well if bitcoin will really continuously rise it will be a good plan. If it ain't well it is bad because you'll lose your hard saved money but like they say no risk no reward. Grin

I think you should only invest just a little with bitcoin so it will not bring you a big impact if ever the bitcoin price will not go up and becomes lower than what you are expecting . We cant be sure about that because we oftenly seen it going down like what other people saying there are no guarantee that bitcoin price will go very high .

The amount of money to invest is relative to your experience in trading or stock investments, the confidence to invest a high amount and remain making right decisions until you take profit comes from the experience.

Topic: Save, Invest, Wait, Profit (Read 2302 times)