Topic: Soo, I'm planning on buying €1000 in bitcoins. Yes or no? - page 2. (Read 18093 times)

I am sure that it will be profitable to buy bitcoins for several more years. The price of bitcoin rasteyi and multiplies our capital

It will be a very huge investment tho. But as long as you focused in that huge investment of yours, you must consider everything so that you'll be sure that your investment will profit. But based on the performance of bitcoin nowadays, I think it very ideal to buy it.

It still matters since it's your starting point. Supposed that you bought at $1100, and exactly ten years from now, you're going to sell your coins and at that time, the price was just $1200. That's just $100 profit for every coin and $10 profit for each year. It's 1% gain per year.

The price might increase rapidly, but what really matters is the time that you're going to sell your coins and the time that you bought them. Whatever happens in between is irrelevant since you didn't sell at those times. This is why you should always check out the latest news to whatever coin you invested in. Like I said, supposed that you invested at $1100, and after ten years the price was just $1200. If you checked the news more, then maybe you were able to sell at a much higher price in between the time you bought your coins and the time that you planned to sell them.

As with any investment, there is always a little bit of a risk. If you are looking to make money in the long term (at least a few years), it does not matter if you invest when Bitcoin is at 1100 or perhaps 1150. I believe that the price will naturally increase rapidly. However, if you are thinking short term, now is probably not the right time since Bitcoin is close to an all time high (so very risky if you are investing short term).

As with any investment, there is always a little bit of a risk. If you are looking to make money in the long term (at least a few years), it does not matter if you invest when Bitcoin is at 1100 or perhaps 1150. I believe that the price will naturally increase rapidly. However, if you are thinking short term, now is probably not the right time since Bitcoin is close to an all time high (so very risky if you are investing short term).

if you realize that you are fine with the risk then you can buy €1000 in bitcoins but first, you need to make sure that when you buy bitcoin, the price is in the bottom of the price so if there is decrease price for more, you can still buy another bitcoin to get more amount.

if he wants to get more bitcoin. he may not buy bitcoin at one time. I think the appropriate strategy to buy bitcoin is the method dolllar cost averaging, so buy bitcoin on a pre-determined schedule. for example, he bought bitcoin worth € 300 per month, every 1st.
that's my opinion.

if you realize that you are fine with the risk then you can buy €1000 in bitcoins but first, you need to make sure that when you buy bitcoin, the price is in the bottom of the price so if there is decrease price for more, you can still buy another bitcoin to get more amount.

So today is March 2017. Around 7 months from op. Did op bought btc worth of 1k eur back then? Would have been more than 40% growth iirc.

For me, this is kind of a huge investment, but should I actually do it?

What are the risks of doing this?

today is best to sell our bitcoin, not to buying, better waiting price fall to under $500 again in this year.

Nothing special there. Bitcoins are already legal in countries such as Singapore and the United States. The status of the crypto-currency will be legalized. That is it. But you can't say that "Japan is using it soon". Some of the Japanese are already using it, and the latest development will make hardly any difference.

For me, this is kind of a huge investment, but should I actually do it?

What are the risks of doing this?

Funny how I just proved your point wrong using facts and links of them and you just said "nothing special there" About the latest updates in the technology we can expect that rich countries like Singapore and the US will have it first.

[1] That's it? It's not a "that's it" thing because the concept of bitcoin definitely is not the same as the government's centralized system. From our point of view, it's pretty obvious that bitcoin users don't want to use fiat anymore and are well-aware of the fiat slavery going on in the system. It's not a "that's it" thing just because you saw Singapore and the US has accepted it. There's far more many countries and all these countries will have different opinion on something as big as bitcoin.

[2] Why? I don't see any reason why I cannot or shouldn't.

[3] Of course some Japanese have been using it. Just like how a couple of people in other countries are using it. Small amount of people using bitcoins in a country don't matter at all since all the rest are still using fiat and aren't aware of bitcoins at all. The latest development or implementation for bitcoin being a legal payment method will surely make a huge difference since it will make all the other Japanese people that something like bitcoins is existing and they can use it. And since Japan is one of the countries people look up to, if they started using bitcoins, other people might use it as well.