Serious question about Bitcoin. Is it a reliable and stable investment? - page 2.

Darkelf11

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Quote from: Axelseseclevz on September 19, 2020, 12:30:43 PM

Bitcoin is volatile and too risky. Bitcoin is not a stable investment but it is reliable if you have enough knowledge in investing. Holding for a long term period is good but still risky. Better to learn first about bitcoin investing before jumping into it.

Bitcoin already proved itself over the years until now. It is a reliable cryptocurrency and the largest blockchain-based digital asset but its price is unstable. Whether you hold for short or long term it is still a risky investment because we aren't sure of its pace.

Quote from: malikg18 on September 19, 2020, 11:32:36 PM

For short term it is not suitable for investment, if anyone have patience and can hold it for long term then it is reliable but it should be bought in dip not in up price.

There are some investors that chooses the short term investment and they earn their money back. I don't get the idea that if I hold and wait for long then bitcoin is considered as a reliable investment? In an investment, there will always be a win or lose and if you lose, that does not make bitcoin a fraud. You just need to be someone who is good at strategy.

taufik123

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Quote from: Jstandhope on September 28, 2020, 04:59:23 PM

Over the years bitcoin has been proven to be a reliable investment. Imagine those who took the risk to invest in Bitcoin as at 2008 and years back and still hold their investment till now. You will release how valuable and reliable Bitcoin is. How profitable their investment has become also considering the growth rate of Bitcoin as the leading crypto currency.

Surely it will be very rare for people to hold bitcoin from 2008 to the present. Those who held bitcoin in that year were only people who believed in bitcoin technology and believed bitcoin could become a valuable digital asset. Of course they will have a target at what price they will sell it.

The fluctuation of bitcoin price will trick the psychology of the holder so some people will sell it as soon as they make a profit.
Bitcoin investment does look profitable, because the price continues to rise, but the market will also not continue to rise and will experience a deeper level of decline.
The right time to sell and buy bitcoin will be very important for the continuity of the investment.

alexa pon

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Quote from: Jstandhope on September 28, 2020, 04:59:23 PM

Over the years bitcoin has been proven to be a reliable investment. Imagine those who took the risk to invest in Bitcoin as at 2008 and years back and still hold their investment till now. You will release how valuable and reliable Bitcoin is. How profitable their investment has become also considering the growth rate of Bitcoin as the leading crypto currency.

Now it is easy for us to judge those who invested at the very beginning, because now we see what came of it, but we cannot know what will happen next, the forecasts are different and we do not know what to believe.

Jstandhope

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Over the years bitcoin has been proven to be a reliable investment. Imagine those who took the risk to invest in Bitcoin as at 2008 and years back and still hold their investment till now. You will release how valuable and reliable Bitcoin is. How profitable their investment has become also considering the growth rate of Bitcoin as the leading crypto currency.

pixie85

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Quote from: Lizzie_Girl on September 19, 2020, 04:00:57 PM

I'm more sure of bitcoin going up then local currency.

You should also be more sure of Bitcoin going down tahn your local currency, that's unlless you live in Venezuela, Iran, or a few other places Cheesy

Quote

You need to believe in bitcoin in order to invest for the long term. IF you do then I think you should agree. I find it hard to believe when the bitcoins are all mined that it will be below $10k. It's still being adopted it might go to a million $$. It depends on how many more people adopt it and I believe there are many.

You're assuming they will all be mined out. If the price crash to 3 digits there will be no incentive for miners to keep going.

I'm a believer myself but we have to take all options into account.

BlackFor3st

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Frankly speaking 5-10 years from now, we can see the ups and downs of the market the same with bitcoin price so we cannot say taht it will not go below $10k. It can even go lower than that when the bear season will hit hard as it is how the market works.

If you are planning to invest in bitcoin, you should make sure first that they know how the market works so they will not be worried when bear season will hit as they can surely see a red flood in their portfolio. Investment is about right time to buy and right time to sell meaning timing is very important here. Buy more in bear season and sell it when bull season will likely to appear.

wildflower18

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Quote from: Lizzie_Girl on September 19, 2020, 04:00:57 PM

I'm more sure of bitcoin going up then local currency. You need to believe in bitcoin in order to invest for the long term. IF you do then I think you should agree. I find it hard to believe when the bitcoins are all mined that it will be below $10k. It's still being adopted it might go to a million $$. It depends on how many more people adopt it and I believe there are many.

Once a person becomes interested more about bitcoin he should learn first how it works so he can really understand. It is still being adopted since some people doesn't know this yet. It is reliable investment but we cannot say the value is stagnant since price is volatile. In the future, I believe there are more people who will adopt cryptocurrency.

goldade

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5-10 years is a very long time and there is the certainty that if one invest in bitcoin now, one is sure of huge profits.
I'm sure those that invested in bitcoin five to ten years ago can calculate how much profits they have made.
Although, I do agree with the fact that the market is very volatile and unpredictable, there have been moments of very high price and moment of very low price, it is still a very good means of investing.
The price of bitcoin is at almost $10k now and I'm pretty certain those that bought five to ten years ago didn't buy it at that price. They bought at a much cheaper price.

Asuspawer09

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Quote from: Eureka_07 on September 19, 2020, 12:13:34 PM

Quote from: Asuspawer09 on September 19, 2020, 11:53:30 AM

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Quote from: Expecto on September 19, 2020, 10:10:51 AM

Quote from: isamu on July 08, 2019, 02:46:42 AM

<...>If you observe the market even in short term you could probably earn a big profit already in just a small time.

Always good to stay keeping in touch with bitcoin investment. I'm actually stuck right now between hodling it or trade it already to an stablecoin like USDT.
Short term trading of bitcoin can't guarantee high profit, unless bitcion suddenly spiked and you're so lucky that you are checking bitcoin's current price and decided to sell it.
But that's unlikely to happen on short term trades so don't give some kinda false hope though it's possible to happen.

Maybe you can't always guarantee a high profit in a short term investment but it's still possible when it comes to bitcoin at I've done it a lot of times in the past investing my money when the market price of bitcoin is a dump. Could not be possible in other cryptocurrencies in the market since bitcoin is a bit different and special compared to the other.

You always have a chance to get profit when you have experienced and know the right time to buy/invest in bitcoin also the right time to sell your investment. Your not going to lose your money if your not going to sell your investmentt and the opportunity to sell could always come.

TIDOVEE

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Yes, bitcoin has been structured to be reliable but not stable enough at its own pace as an investment, it is quite volatile, it may not be best in short term because the space of time between a bull and another bull is worth big time patience.you need a real understanding of bitcoin specifics"the market trend" in order to be a successful investor in it. Most of those who can observe the risky part of bitcoin the most are the traders who have many investors on their neck.

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Quote from: isamu on July 08, 2019, 02:46:42 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?

It all depends on the current portfolio allocation to alternatives/risky assets, risk tolerance, net worth, and investment goals. Generally, a small allocation to Bitcoin historically increases risk-adjusted returns and the Sharpe ratio of the investment portfolio. My recommendation is typically Buy & Hold strategy for the medium/long term. You can try our free Bitcoin Robo Advisor service to calculate the optimal portfolio allocation to Bitcoin, out of curiosity.

malikg18

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For short term it is not suitable for investment, if anyone have patience and can hold it for long term then it is reliable but it should be bought in dip not in up price.

Lizzie_Girl

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I'm more sure of bitcoin going up then local currency. You need to believe in bitcoin in order to invest for the long term. IF you do then I think you should agree. I find it hard to believe when the bitcoins are all mined that it will be below $10k. It's still being adopted it might go to a million $$. It depends on how many more people adopt it and I believe there are many.

VanityWallets2015

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Quote from: Expecto on September 19, 2020, 10:10:51 AM

Quote from: isamu on July 08, 2019, 02:46:42 AM

Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?

I don't have much information about IRA. But I can say that Bitcoin can be quite profitable if you are willing to keep your money on it for a long period as you said. I think Bitcoin is not very short-term friendly but a good choice for a patient investor.

Bitcoin is not stable investment but a good investment to those who know how to trade and to managed their funds, it is not like you buy and wait then earn, there is a need for work to be able to gain in this investment. It is risky and needs to be very much focus in monitoring it as price varies depending on news and analysis. But unlike other altcoins or cryptocurrency, bitcoin is much safer and stable than them.

Indeed. Investing with Bitcoin requires adequate amount of patience and hard work.
When it comes to turnovers, it is profitable but not really stable especially in its nature.
Bitcoin is for the strong hearts and minds ones due to its high risk and it is not a one time big time here.

Axelseseclevz

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Bitcoin is volatile and too risky. Bitcoin is not a stable investment but it is reliable if you have enough knowledge in investing. Holding for a long term period is good but still risky. Better to learn first about bitcoin investing before jumping into it.

Eureka_07

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Quote from: Asuspawer09 on September 19, 2020, 11:53:30 AM

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Quote from: Expecto on September 19, 2020, 10:10:51 AM

Quote from: isamu on July 08, 2019, 02:46:42 AM

<...>If you observe the market even in short term you could probably earn a big profit already in just a small time.

Always good to stay keeping in touch with bitcoin investment. I'm actually stuck right now between hodling it or trade it already to an stablecoin like USDT.
Short term trading of bitcoin can't guarantee high profit, unless bitcion suddenly spiked and you're so lucky that you are checking bitcoin's current price and decided to sell it.
But that's unlikely to happen on short term trades so don't give some kinda false hope though it's possible to happen.

Asuspawer09

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Quote from: Expecto on September 19, 2020, 10:10:51 AM

Quote from: isamu on July 08, 2019, 02:46:42 AM

Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?

I don't have much information about IRA. But I can say that Bitcoin can be quite profitable if you are willing to keep your money on it for a long period as you said. I think Bitcoin is not very short-term friendly but a good choice for a patient investor.

Bitcoin is not stable investment but a good investment to those who know how to trade and to managed their funds, it is not like you buy and wait then earn, there is a need for work to be able to gain in this investment. It is risky and needs to be very much focus in monitoring it as price varies depending on news and analysis. But unlike other altcoins or cryptocurrency, bitcoin is much safer and stable than them.

Probably I would stick in bitcoin investment because I already know and have experienced in cryptocurrency, in my opinion, bitcoin is only the best investment where you could potentially earn a high profit because of the value volatility. If you observe the market even in short term you could probably earn a big profit already in just a small time.

You could also invest in trading if you know how to trade altcoins in an exchange, you could invest money in a trusted exchange that you choose and then buy altcoins that you think have the potential to increase its price. I might earn a decent amount of profit daily in trading and new projects.

Expecto

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Quote from: isamu on July 08, 2019, 02:46:42 AM

Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?

I don't have much information about IRA. But I can say that Bitcoin can be quite profitable if you are willing to keep your money on it for a long period as you said. I think Bitcoin is not very short-term friendly but a good choice for a patient investor.

eaLiTy

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Quote from: Ayiranorea on September 18, 2020, 01:28:52 PM

What's your opinion on traditional stock and forex. If those were reliable and stable investment then without any argument one will easily conclude bitcoin having all the required properties.

There is a major difference between traditional stock exchange, the market price of a stock is directly dependent on the policies the company makes to have a sustainable growth and the amount of profit they are making annually but in terms of forex the cryptocurrency market can the correlated as the market movement is on similar principles.

Quote from: Ayiranorea on September 18, 2020, 01:28:52 PM

Each and every investment has got risk in it, we don't think much about it. When it comes to bitcoin or something related to cryptocurrency investment people are easily getting into panic. This is the reason for a serious examination about the reliability of cryptocurrencies.

The reason for the panic whenever there is a correction in the cryptocurrency market is because there is no benchmark to check the reason why the market went down exactly like we have in stock market, all we know is that there is a massive sell off because some whales thought of booking their profit and the entire market follows.

Ayiranorea

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What's your opinion on traditional stock and forex. If those were reliable and stable investment then without any argument one will easily conclude bitcoin having all the required properties. Each and every investment has got risk in it, we don't think much about it. When it comes to bitcoin or something related to cryptocurrency investment people are easily getting into panic. This is the reason for a serious examination about the reliability of cryptocurrencies.

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