Topic: Serious question about Bitcoin. Is it a reliable and stable investment? - page 8. (Read 1440 times)

My 50cent advise for you is, never invest what you can't afford to loose and when investing ensure to diversify your investment as this will help in minimizing great loose in the process. Also before investing, do your own research before you proceed to invest because the entire cryptocurrency industry is full of the unknown.

Short answer: yes. Bitcoin per se is already a good investment, although a reliable one I'm not so sure about that, considering that there are lots of times wherein flash crashes happen and a huge chunk of the price is wiped out. For early adopters and those who came in very early, particularly 2010-2011 dudes, they can attest that bitcoin isba guaranteed win, though there isn't any certainty that it would continue to roll like this for the next coming years. Entry price is one huge factor in determining whether an investment is reliable and successful, especially on high-risk and highly volatile investment like bitcoin.

First of all, it’s good that you have registered and checked out the Bitcoin forum. This is where you could find almost everything cryptocurrency related. There are a lot of possibilities in the discussion, but the most important thing to know is the knowledge it has and the references you would be able to get from here. As long as you verify it and it’s correct, you could use it as a support to facts with your folks.

I think in general, every investment needs to be studied, and the most important thing is if it is legitimate. That’s the make or break on it. If you believe it then goes. The best way to approach investments, in my opinion, is to spend what you can afford to lose.

Yes it is!

Absolutely agree. He can choose bitcoin as his investment, but he needs to learn first before he invests his money in bitcoin. Besides that, you should teach them about bitcoin, so they will know bitcoin from the trusted person because you are his friend.


I don't think bitcoin is a stable investment for a long term holding because you see that bitcoin have up and down history and the bitcoin price will always up and down in every day. But bitcoin is one of reliable and the best investment so far, at least for myself and I always suggest people around me invest in bitcoin.


Bitcoin, in the end, will go up to the higher price after reached the bottom price. But unfortunately, we never know how deep bitcoin price will down, and that will happen too if the bitcoin price increases in someday.


The price can go to the lower price, and in these situations, the price can go down below $10K or even lower than $9k. Like I said before, no one will know where the price can go because it depends on the supply and demand.


I will choose bitcoin for the long term. Advice your friend parents to buy hardware wallet and save the bitcoin in that wallet and never save it in the exchanges if he wants to hold bitcoin for the long term.




Bitcoin will be the biggest percentage, and the rest percentage will go to the altcoin. The scheme will be like this, bitcoin will be 30%, gold will be 20% the altcoin will be 10%, and the fiat will be 40%.

Gold? It's not going to do anything for your portfolio in the coming years. It's literally a waste of time and money with how it hasn't done anything to outperform inflation in the last 5ish years.

The derivatives market has got a firm grip on gold and it will only get worse, plus in order for gold to do well it needs political instability and chaos. It will get dumped the moment confidence kicks back in.

If you don't want complete exposure to Bitcoin you're way better off replacing gold by an allocation to tech stocks. Tech stocks have performed exceptionally well in the last couple of years.

I can't say its stable investment but it's really reliable when it comes to profitability. Though the risk of volatility is there and we should take it for higher gain.

Jeebus no.

• 20% might be too big of a percentage for Bitcoin. Take note that the money is OP's friend's parents.
• 30% on ETH/XRP/LTC? As if 20% on BTC isn't risky enough. Definitely a very bad idea.
• To be able to use stop losses, you'd need to leave the funds on exchanges. You surely know why that's a bad idea.

yes, I consider bitcoin as a very good investment with a huge potential of growth and an unbelievable return. BUT your "friend's parents" should not invest in bitcoin, in fact I have always discouraged people like that from investing in bitcoin because they won't have a good time in it because of its volatility and also because of the huge amount of FUD that is out there against bitcoin.
I obviously have time and have spent enough of it studying bitcoin to know what is FUD and what is not and more importantly to know that potential I mentioned above. but most others don't. and not knowing that for them means making bad decisions, panic selling and a lot of losses in a volatile market.

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.

Since they are using IRA account, I assume they are more than 60 years old now! Bitcoin is not at all a safe investment for them unless and until they want to get into daily trading! I consider daily trading as somewhat safe to get into because there you ride with the tide and find opportunities in every market movement. But for holding, bitcoin is not at all a safe investment for the individuals with more than 60 years of age. I would advise you not to recommend bitcoin investment to them unless you want to bear the burden of their losses!

Rather, I would want you to suggest "Portfolio Management Service (PMS)" provided by reputed stock broking firms. There are companies like Transamerica, Wells Fargo, AMG Funds etc, who provides PMS services. Advise them to open a PMS account with them and these fund managers will manage your fund to fetch you a better return! It's safer than bitcoin and obviously suits the income needs of all age group!

If i have 100k i would split it like %20 bitcoin, %50 gold and %30 2-3 of top altcoins.about btc and altcoins stop-loss is necessary.

Bitcoin is a high risk investment. It's always said with crypto that you should only invest money you afford to lose. Yes, it sounds scary.
Bitcoin has periods when it rises wonderfully and periods when it heads down abruptly. And everything in between. So while some did and will get rich from Bitcoin, others did and will lose greatly.

If one can handle this amount of risk, fine. On the other hand, I would not advise it to somebody in the risk of hearth attack to invest large amounts in it.

Most of us are long-term bullish here and think that bitcoin will be at a higher price in 5-10 years from now, but take note that bitcoin is not guaranteed to succeed. It can go up, but it could also go the other way. If you put everything on Bitcoin, you could be rich in 5-10 years, or you could also end up broke.

Definitely not. There's still a risk.

Very possible in the short-mid term, a bit less likely in the long-term in my opinion.

Yes. Even lower than $3500 is possible(though probably unlikely).

Diversification. It'd probably be a better idea to spread it out to stocks, bonds, ETFs, Bitcoin(probably a small percentage) and such. Don't put all your eggs in one basket.

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?