Should I believe in Bitcoin ? - page 126.

futurebit640

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Quote from: MrsHash on November 14, 2015, 04:51:22 AM

I don't think that the value of Bitcoin will crash significantly in the near future. But do not invest all sum. Invest the amount that you are not afraid to lose.

Bitcoin prices no guaranty of future either it can go up or very low also because it not backed by any government or any valuable items but prices are purely depends on demand and supply so any big traders can easily manipulate these bitcoin prices so prices can move in either way very fast. Unless in future more bitcoins are hold by public then prices may stabilize.

Light

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Circa 2010

Quote from: sdmathis on November 10, 2015, 12:27:44 PM

Bitcoin is definately not dead, but it's a long way from stable though.

If you need to ask for investment advice in a forum like this, my advice would be to not spend a penny until you've done your own research and know why you are, or are not investing your money. Never take advice from a forum.

This is literally my response I wanted to make.

In general with investing (and more broadly in life) it's always a good idea to do your own research - most people who you ask advice from will have ulterior motives or won't be knowledgeable in that field to give you much solid advice. More so on a forum like this, where it's filled with Bitcoin proponents who themselves have not always done their research before providing advice.

MrsHash

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I don't think that the value of Bitcoin will crash significantly in the near future. But do not invest all sum. Invest the amount that you are not afraid to lose.

planetroving

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If I was in your situation and had $10,000, then I would trade 50% of it for Bitcoins. This leaves the other half safe just in case the value of Bitcoin comes crashing, which I highly doubt will ever happen. It is very likely for the value of Bitcoin to rise in the near future as more and more people take up the idea and start using Bitcoins. The demand for Bitcoin would rise, and the price would follow. This would make you a profit. Businesses are continuing to accept Bitcoin as a form of payment, and you will already have Bitcoins, so this would also making online transactions easier in the future.

Kprawn

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Your forum name goes against what you are asking in this thread. Grin

...You will not get sound financial advice from most of the people who would comment in this thread. People

have ulterior motives ... Some will say "buy buy buy" because the more you buy, the higher the price will go. {demand increase} That said, 10k will not make a dent in the price, but

combined with other demand, it would help to bump the price. Grin

..... If I were you, I would buy, when the price is very low... and I would only buy a few coins. I will then

wait until the price increase and I will sell them... take the profit, and keep it. I will then buy again.. when the price is low, and rinse and repeat.. I did this and I already doubled my

initial investment. I now gamble with profits... my initial investment was moved into something with much lower risk. Wink

richardsNY

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Quote from: FrostStick on November 13, 2015, 05:09:40 AM

It really depends on your risk profile. But if you ask me I would say yes.

If Bitcoin really starts to take off in the very long term then the current price is just peanuts. I personally believe in Bitcoin and think it will become much more globally used than right now. If you look at it from that point, Bitcoin is the least risky investment.

Surge_PR

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Yes it is certantly going up!

maudevang

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Well I would say believe in BTC but that is all you.

You can believe or not is your life Wink

TTMNewsMJ

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Just go and buy a bitcoin.
All you have to do is to give your whole trust in bitcoin and don't feel bad about it.
Bitcoin is a right way through a good life.
It is the one who can helps everyone to have a good life.
Just make some efforts and work hard to have a lot of bitcoin.

Barnabe

hero member

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★Bitvest.io★ Play Plinko or Invest!

The key word in every big investment (the ones you cannot afford to lose entirely) is diversification.
Do not invest all your money in one thing.

FrostStick

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It really depends on your risk profile. But if you ask me I would say yes.

AlexBits

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Yes you should, but damn man you have 10K just do 2K and wait that increase.

10K is alot. BUt is your choice do wat you want. Is your money.

Slark

legendary

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Don't bet on bitcoin as your ultimate solution for investing. Don't put majority of your funds in it either. With bitcoin instability and uncertain legal future in many countries it wouldn't be the best option.
Treat bitcoin as your plan B.

elite3000

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you got $10k? well if i were you i'll buy some bitcoins while its cheap right now Roll Eyes

you will regret if the price will go up in the next days. dude its now or never..

Sandroxa

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If you can afford to lose than sure go ahead

It's not stable so you are taking a risk if you're buying bitcoins

StevensonCarl

member

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10K damn if I was you just buy 2 or 5 BTC than wait. Maybe you well get lucky.

If 1 year pass and BTC still goes higher than buy more. But it is your own decision.

Just go with your instinct.

Pierre 2

legendary

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I suggest people to buy with only reserved money which won't affect your budget.
If you try to invest your all income well you may be sad.

mr.coinstrader

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Merit: 250

Quote from: Financial_Genius on November 10, 2015, 12:13:39 PM

Should I believe in Bitcoin ?
I have 10k $ and maybe going to buy , but I doubt the further development of Bitcoin and I'm afraid to lose money! Can you convince me or dissuaded from buying?

No one should convince nor dessuade you, do your own research and make your own decision. You'll definitely regret in the end if you listen to others, listen to yourself.

trollercoaster

legendary

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I think you should wait financial genius, don't rush in after a pump like these idiots are telling you to.

Decoded

legendary

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give me your cryptos

Yes, especially with bitcoin's recent price drop. In holding to the end, I believe you should too. Something big is coming, I can feel it. There seems to be a jump in bitcoin issues, too.

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