imagine for example if they bought in January when price was $6k (which was the best time to enter as an investor) but the drop to $3k and the follow up FUD would make any of them to sell their coins at a big loss of half their capital. obviously I could tell it is nonsense and $6k was a good entry point but a newcomer with no information will never be able to do it.
Topic: Serious question about Bitcoin. Is it a reliable and stable investment? (Read 1454 times)
December 29, 2020, 11:52:31 AM
December 26, 2020, 11:03:30 AM
Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Please give me your thoughts. IRA or Bitcoin for the long term?
Please give me your thoughts. IRA or Bitcoin for the long term?
Can you imagine them buying now at 12K and next year it goes down to 3K? If you want to gamble with this volatile, unregulated and manipulated market you should invest only 1-2% out of your 100K account at this moment. The game is not buy high and sell low. Remember this.
Even at 3.5k it looked bearish and everyone was thinking that prices bellow 1K were quite possible. Just don't invest more than you can afford to lose. Buying a relative small amount will help you sleep better at night and won't make you feel you missed the pumps or won't make you lose your sleep.
Funny how everything I've written above actually happened. Well anyway, new prediction. Buy.
Two more green months. New ATH in January.
On time. see ya losers. Anyone writing bellow is a spammer.
November 03, 2020, 11:56:23 PM
Bitcoin is a more reliable currency than other currencies in crypto bitcoin is not stable in the absence of a stable currency it is not possible to determine the exact price unless its price is limited to one place there are many risks involved in not having enough knowledge about bitcoin. Therefore you need to analyze the market well and then know the right price and then invest but even if the price goes down there is nothing to be disappointed about we have to wait patiently for the price to go up.
Definitely bitcoin was more reliable investment when we were going to compare it to the other coins in crypto market. But if we were going to compare it to fiat, bitcoin wasn't far as reliable as fiat but they only differ in terms of stable. Bitcoin was a volatile currency which the mere thing that you should deal first upon deciding to invest in it. It was risky, like a real business investment. Almost similar in fiat issues but the worst case in bitcoin was to avoid the scammers.
November 03, 2020, 11:51:27 PM
Amidst all other cryptocurrencies, bitcoin is the most reliable and stable but when you are trying to bring people into investing in it, you need to analyze properly on how the market moves because at this moment very few people will have much. It is not a problem it's just the market scale. So, patience will be needed to have the best before they start complaining.
November 03, 2020, 11:39:23 PM
Bitcoin is a more reliable currency than other currencies in crypto bitcoin is not stable in the absence of a stable currency it is not possible to determine the exact price unless its price is limited to one place there are many risks involved in not having enough knowledge about bitcoin. Therefore you need to analyze the market well and then know the right price and then invest but even if the price goes down there is nothing to be disappointed about we have to wait patiently for the price to go up.
November 03, 2020, 05:40:10 PM
Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Please give me your thoughts. IRA or Bitcoin for the long term?
Please give me your thoughts. IRA or Bitcoin for the long term?
Can you imagine them buying now at 12K and next year it goes down to 3K? If you want to gamble with this volatile, unregulated and manipulated market you should invest only 1-2% out of your 100K account at this moment. The game is not buy high and sell low. Remember this.
Even at 3.5k it looked bearish and everyone was thinking that prices bellow 1K were quite possible. Just don't invest more than you can afford to lose. Buying a relative small amount will help you sleep better at night and won't make you feel you missed the pumps or won't make you lose your sleep.
Funny how everything I've written above actually happened. Well anyway, new prediction. Buy.
Two more green months. New ATH in January.
October 09, 2020, 03:24:54 PM
if you want a stable investment then Bitcoin is not suitable for you, Bitcoin is a high-risk investment, your assets can go up 50% in 1 day and also can fall 50% in 1 day. Bitcoin is the most promising investment in a short period of time when we compare it to gold and real estate which takes 10 years to make a profit of 100 - 500%. in the last 10 years, Bitcoin has increased by 8000% and there will be no investment to match it. trust me, you will profit big in the next 10 years if you invest in Bitcoin today..
October 09, 2020, 08:59:06 AM
At this moment we can say that Bitcoin isn't something new and has some history that could be researched so anyone could make some research can see that Bitcoin is very volatile and unstable and therefore very risky. It isn't anything different than any other investment so there is no guarantee that your money will be safe and that you will make profit.
Well for me, bitcoin is reliable but unstable investment. First, it is decentralised currency, not controlled by the government, volatile and risky. Second, yes bitcoin is reliable but then you should know first what is this bitcoin is, how to deal with it and of course learn how to trade and play with the market fluctuations as safe as you can. And yes this is just like an investment in real life businesses, no guarantee if you will earn you ROI in high amount as your investment or you're might lose it.
October 09, 2020, 07:30:08 AM
Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?
Bitcoin has volatile price swings, therefore it might not be an ideal investment for retirement. But some financial services offer the option of investing in the cryptocurrency through self-directed Individual Retirement Accounts (IRAs). Also as per the long term outlook, IRAs are excellent for investments as they hold major potential on the scale of decades.
October 09, 2020, 06:55:25 AM
It's a bit difficult to call Bitcoin a stable currency, yet, it really is a good investment. And in case you decide to enter the cryptocurrency society and become a trade, try Changelly Pro first.
October 09, 2020, 06:47:22 AM
Hi, how are you? Well, if you invest in any cryptocurrency, both bitcoin and other altcoin have price fluctuations that go up and down many times but if you do a good analysis and enter a good price, you will do very well, now that they are reliable if they are but be very careful with the third-party platforms that go scams very fast
October 09, 2020, 05:47:07 AM
There is no room for stability in nowadays world. Bitcoin is very volatile and risky as a result. If you need a stable asset, invest in gold.
October 09, 2020, 05:25:48 AM
It's not only about how you can spend, but also about how to spend, Start by research, learning about the currency, what impact it, what its benefits and drawbacks are.
It might seem scary to invest in bitcoin, but you know it takes time and effort to understand how bitcoin functions.
It might seem scary to invest in bitcoin, but you know it takes time and effort to understand how bitcoin functions.
October 08, 2020, 11:27:20 PM
I think serious question about btc is only that we should be aware before investment any project, even in btc.we should be much more knowledge about any type of project we can see performance the past then we take decisions to invest. I think so.
October 08, 2020, 01:10:30 PM
Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Please give me your thoughts. IRA or Bitcoin for the long term?
Please give me your thoughts. IRA or Bitcoin for the long term?
This is a tough one because it involves people who don't seems to know much about Bitcoin. I would first suggest you take them on an educative section about Bitcoin and the risks involved such as volatility, in so doing they will be left to make the choice themselves.
About Bitcoin, yes it is a reliable form of investment for long term however it is not a stable investment because of the unpredictable nature of the crypto space; and therefore no one can accurately say it will go below $10k or $9k but whichever it is, since it is long term holding then bear market shouldn't be a problem.
Left for me, I already know the valuable nature of Bitcoin and as such, I would invest a good amount in Bitcoin but not all while investing more in real estate or any profitable business, then a good amount of the profit from the business will still go back to Bitcoin.
October 08, 2020, 12:22:35 PM
At this moment we can say that Bitcoin isn't something new and has some history that could be researched so anyone could make some research can see that Bitcoin is very volatile and unstable and therefore very risky. It isn't anything different than any other investment so there is no guarantee that your money will be safe and that you will make profit.
October 08, 2020, 12:11:41 PM
Investing in Bitcoin is really very risky. Because the bitcoin market is never stable. No one can say what will happen here. You can benefit by investing your whole life money here and the whole money can go away again. Since your friend's parents are not experienced about Bitcoin, I think they should not invest here. But yes they can make long term investments in Bitcoin if they have extra money. It may be more likely to benefit them.
October 08, 2020, 10:59:45 AM
That is some big investment if thrown all at once but what is better to do within the Cryptocurrency Industry is to spread those investments and wait for a good opportunity to invest on an Alternate Cryptocurrency since within this Industry, its not all about Bitcoin. It would be good to invest on Bitcoin but I would not invest something that big since there can be other opportunities that can present itself along the way.
October 08, 2020, 07:58:56 AM
Never think of any crypto coin as being stable. The two just don't go together, and in some instances the reliability part can be questioned too.
BTC is a serious asset but because it is volatile its predictability around stability just doesn't exit. And although not many people approve of this idea, one cannot exclude the possibility that at some point in the future BTC, similar to other crypto coins might well not be reliable, and their existence may well perish. Of course, this is up to how governments decide to regulate crypto in the future and what hurdles crypto and BTC holder need to face to maintain the value of their crypto asset. But I think any possible turn of events is possible; one where BTC might crumble and one in which BTC and crypto in general thrive and become the norm in world finance.
Most like to think the latter is most appropriate due to what's at stake for them but the reality is that governments are still in power and their moves can at time be unpredictable.
BTC is a serious asset but because it is volatile its predictability around stability just doesn't exit. And although not many people approve of this idea, one cannot exclude the possibility that at some point in the future BTC, similar to other crypto coins might well not be reliable, and their existence may well perish. Of course, this is up to how governments decide to regulate crypto in the future and what hurdles crypto and BTC holder need to face to maintain the value of their crypto asset. But I think any possible turn of events is possible; one where BTC might crumble and one in which BTC and crypto in general thrive and become the norm in world finance.
Most like to think the latter is most appropriate due to what's at stake for them but the reality is that governments are still in power and their moves can at time be unpredictable.
October 08, 2020, 07:24:29 AM
In my sense BTC is reliable but crypto currency never be stable.In this time one can invest in crypto in small amount in raw level.After getting much experience by practicing more and more then one can invest bigger.Because it is a high risk platform in this you can gain much or loss badly so avoid loss you have to work on that for a long time it will be fruitful for investors.In the case of big investment I suggest diversify of investment amount that make a portfolio helps you to avoid big risk and also get more experience.
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