Serious question about Bitcoin. Is it a reliable and stable investment? - page 4.

btc78

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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.

In this part we can easily prove the greediness inside these parents and i am afraid that crypto scammers and hackers may
lure them into something misleading because of their desire of gaining too much
than what they are getting now.

Quote

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?

If they are really looking for long term Holding then they must not care what will be the price for the entire years,
Because all they need to look at are the value who will be decided when the target time reached .

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Please give me your thoughts. IRA or Bitcoin for the long term?

Please tell them to decide on their own,You will just help them learn about this market but the risk is always there.

thesmallgod

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Please let them understand that investing in bitcoin takes a lot of risk and this is exactly why many of us will always advice people to invest anything they can afford to forgone. You cannot earn passive bitcoin by investing in it. If they want to hold for a long time then I can give them some hope that they will earn profit but this is not guarantee because a lot of factors affect the price but we are all hoping for a more brighter future for the coin

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Quote from: Lorence.xD on July 05, 2020, 02:41:41 AM

Quote from: pixie85 on July 04, 2020, 05:25:35 PM

It's an old thread guys. If he was considering an investment a year ago he either did it or not. There's no point in giving him advice now.

I think that it's a good investment but any newbie can see that it isn't stable. Wink

This topic should have been locked in the first place if the OP have finally decided whether they should invest. I agree that it is a good investment but I do think that does not make it a safe haven, if you are a newbie, my advice to you is to diversify your portfolio so when something experience a down time then you will not be panicking because you know that you still have other investments that are making a constant cash flow for you.

Yeah because it was just recently bumped and OP is not anymore active, so it should be lock not by OP but the mods or please avoid bumping this thread anymore.

Lorence.xD

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Quote from: pixie85 on July 04, 2020, 05:25:35 PM

It's an old thread guys. If he was considering an investment a year ago he either did it or not. There's no point in giving him advice now.

I think that it's a good investment but any newbie can see that it isn't stable. Wink

This topic should have been locked in the first place if the OP have finally decided whether they should invest. I agree that it is a good investment but I do think that does not make it a safe haven, if you are a newbie, my advice to you is to diversify your portfolio so when something experience a down time then you will not be panicking because you know that you still have other investments that are making a constant cash flow for you.

PonZZ

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Is Bitcoin reliable? - yes
Is it stable? - no, it's extremely volatile.
There is no guarantee about Bitcoin's price in a year, no one can say if it's a good investment for a longer period. If you friend's parents have so much money, they can buy several uncorrelated assets like Bitcoin, XAUt an etc.

pixie85

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It's an old thread guys. If he was considering an investment a year ago he either did it or not. There's no point in giving him advice now.

I think that it's a good investment but any newbie can see that it isn't stable. Wink

MCobian

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Your question is actually very common, many are not sure about investing in Bitcoin. Maybe it's because I'm a Bitcoin believer, of course,
if asked to invest in long-term IRA or Bitcoin, my answer is 100% recommend Bitcoin. Because in my opinion Bitcoin is very reliable and
profitable, but Bitcoin is not a stable investment. Because the price of Bitcoin is volatile, I suggest if you are in doubt why not investment
in both. Share the capital that your friend's parents have for 50% investment in Bitcoin and another 50% investment in IRA.

carlfebz2

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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?

If you dont like to be blamed out then its better for you to teach them about the risk first before talking about earning money with bitcoin.

Its never been a reliable and stable investment since this is an unpredictable thing.If they cant handle out the risk then this place isnt for them and

better to stick out with those investments that they do know but well, when it comes to return then its totally different.

AG3NT0R4NG3

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Quote from: AG3NT0R4NG3 on July 08, 2019, 08:23:55 AM

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?

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.

ghost424

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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?

The Cryptocurrency Industry is in the process of Stabilizing. Some values of Crypto are always fluctuating and stays that way for some period of time. IRA is an Alternate Cryptocurrency that has the capability to increase its value as time passes by but Bitcoin also has this capability and its value is far higher than IRA.

One decision to consider is by investing in Both of the Cryptocurrency and trust that it will be profitable.

shoreno

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Quote from: pragna on August 10, 2019, 05:20:04 AM

Still i love BTC and will carry this love also to BTC because it have given a good feedback when i engaged into it.

you mean you love btc just because you hear good feedbacks about it ? that mentality is no good because all can say good things about btc but you didnt know that they are lying . ive seen lots of guys who ended a situation like this because they arent doing a research on thier own .

Quote from: pragna on August 10, 2019, 05:20:04 AM

But i can not suggest you to invest here as market is too much volatile and there is no controlling body in the world that people can complain about market down and up.

i though you love btc so much ? you said earlier right ? but now you cant suggest btc to everyone ? but thats true actually .btc is so unstable but if you really want to invest and possibly earn , you should accept those factors .

pragna

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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?

Still i love BTC and will carry this love also to BTC because it have given a good feedback when i engaged into it. But i can not suggest you to invest here as market is too much volatile and there is no controlling body in the world that people can complain about market down and up. So that last year market fall into 4k$ from 20k$. But matter of hope that market is going up again and if you gonna invest you have take risk in your own way.

I may wish you for batter days. best of luck.

gangem07

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Yes,Bitcoin is a good investment all the way but the question is your friend parents is ready to take the risks?The market is unpredictable bearish and bull market happens maybe 50% of their capital must invest in bitcoin and the other 50% in IRA or other alts.

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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

It would have been better if you made them aware of this alternative indirectly

What I mean to say is that if they invest in Bitcoin their lifetime savings (or some part thereof) and it doesn't work out as expected, you may be the one who is to be blamed for their failure. And it won't really matter if it might be entirely their fault (like "do your own due diligence in all cases")

Regarding Bitcoin as a reliable and stable investment for the long term, the answer is a big fat no. No cryptocurrency is a reliable investment since there is virtually no real value behind it which would prop up its price no matter the circumstance. In simple terms, don't invest your lifetime savings in purely speculative assets

fullhdpixel

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

Please give me your thoughts. IRA or Bitcoin for the long term?

If you are not new to bitcoin, you would realize that bitcoin price fluctuates a lot because of its volatility and no one can guarantee the status of what bitcoin would be when they need the money, it could be in the bear market then, so 5 to 10 years is a very long time, although many of us believe that bitcoin may have even reached $150k per one by then, but that I still based on speculation.

If I were you, what I would have them do is to put the money in bitcoin right now before the bull run start, which I can guarantee you that within the next 1 or 2 years, we will have bitcoin bull run in that market, and by the time, it peak, their investment would have double, they can remove their capital then, and then leave the profit for the 5 to 10 years they desire while they use the capital for an Investment outside crypto.

nydiacaskey01

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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)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up?

If you are going to ask a banker, they will say Bitcoin is a high risk investment because of course those guys always wants to make sure their investments are safe if ever they put the pool of money they hold somewhere, but they will ask you first what kind of investor are you, they will classify if you are a moderate or risk taker, risk takers are those who are open to investments that price changes a lot, that's where Bitcoin comes in however, in terms of direction, we can say 100% that it will continue to go up, no one can. All we can do is speculate.

Coyster

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Bitcoin for long-term investment will be better as long as investors, the parents of your friend in this case, can wait for a long period of time and will not panic when they see a fall in price

And there is every tendency that they will do that, the more reason why OP shouldnt go all out in just telling them to invest, but should firstly teach them what the network is all about, bringing to their knowledge it's good and also bad sides.

If one is firstly educated on the intricacies of the bitcoin network before he or she goes into investing, they tend to do better and are less likely to be affected by FUD or being rushed into panic sales.

dat.ho12492

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This has tto be define by individual based on their perspectives. Bitcoin is a risks investment and not stable investment but there are ways to minimize your risk while you do your investment, and also, if you want o invest in Bitcoin ensure to invest what you can afford to lose. The reward of long-term investment is better than short-term.

Well, when people become serious about investment, the general view that people can realize that no investment is reliable, it always has certain risk numbers, and we can only accepted, too perfect is an impossible thing, and in addition, if we take the time to read more about bitcoin, it's not difficult to determine that it's an unstable investment. It sounds very dangerous but we should know the value of these investments, profit from this category can always change a person's life, poverty can become rich quickly, so, just to be reasonably safe, people will participate in bitcoin regardless of its hidden risks.

thunderbitz2717

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In terms of investment, yes! bitcoin was a good one for this things. Now in terms of reliable, it is also yes! because if it is not
reliable why would most merchants or company will accept it as mode of payment to their business if it is not reliable,
and why some country regulated it to their own territory to become secondary or alternative currency?

DoublerHunter

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First, this not stable investment that they should know. Maybe they will earn a lot but there are some circumstances that they also got lost. Introducing bitcoin as good in investment is not bad but first, let them know how bitcoin works and how volatile it is because the word risk is always the in investing bitcoin and this is not for short term investment. After knowing how the technology works behind the bitcoin currency then, you are safe of possible blaming when they get the lost or good thing if they get earned a profit.

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