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Topic: Staying away from Bitcoin for 5 years - page 2. (Read 1273 times)

full member
Activity: 392
Merit: 100
September 11, 2018, 01:32:55 AM
I'm sure bitcoin still exists in the next 5 years, or even more than 5 years of bitcoin still exists, and you will return to bitcoin when the price of bitcoin is much higher.
newbie
Activity: 56
Merit: 0
September 11, 2018, 01:25:19 AM
Not for me. The best time to be part of the Bitcoin industry is always NOW!
sr. member
Activity: 377
Merit: 252
September 11, 2018, 01:21:06 AM
Sometimes I can get hit by the same awful thought but I can never bring myself to do it.
newbie
Activity: 23
Merit: 0
September 11, 2018, 01:18:06 AM
Sounds reasonable if you keep mining.
member
Activity: 840
Merit: 10
September 11, 2018, 01:16:32 AM
The way Bitcoin is going, $1000 to $20,000 and then to $6,500 and all the bans worldwide and Bitcoin used in many kinds of criminal activities.

I will come back to Bitcoin after 2 to 5 years. If Bitcoin is there, it will go the silver way. Just as Silver was $80/ounce in 1980, Bitcoin can go back to $600.

Maybe when you see bitcoin again in next 5 years, bitcoin price at $100k. Bitcoin price history year on year always increase more than 1000% and i think bitcoin price in next 5 years will be very expensive because bitcoin is store of value
sr. member
Activity: 462
Merit: 515
September 11, 2018, 01:10:19 AM
I never think bitcoin can go back to $600.
Right now it stays at $6000+ and it seems impossible to go down further more already. Having it going down needs a lot of sell volumes which I don't think we can have enough to break all decent supports at 6k, 5k.
Anyway, your decision of staying away from bitcoin for 5 years may pay off. The market is really boring right now.

This is not completely impossible. It would be a crypto black swan but it can happen. The Bitcoin wealth distribution is very uneven as there are a few guys including Satoshi himself who have many-many thousands of bitcoins in their pockets. And any of them could easily bring the prices down below $1000, if not a way lower than that, even to double digits. You would ask why they might want to do that. Honestly, I don't know, but this is a black swan event after all, so if it is possible to happen, it might happen for one or another reasons. For example, we can't exclude the possibility of someone stealing from one of these guys, and then dumping all these coins in the open market crashing the prices and wreaking total havoc in the market, basically destroying it.
newbie
Activity: 11
Merit: 0
September 10, 2018, 11:57:19 PM
I bought 10- BTC for 15 000. And now I want to sell only on 10 000. Be aware
Its your own fault you should not panic sell. When you bought you should have to forget about it. What you gain is lose. You should say "be paitent" instead "be aware"
full member
Activity: 812
Merit: 108
September 10, 2018, 11:55:36 PM
I don't think that bitcoin is long term investment ( for 5 year ), For 1 year it can be profitable because of external environment there are so many uncertainty in crypto currency regulation and competition will also increase in future, There are coins like ETH, DASH, EOS and many which are having potential and can give competition to bitcoin.
full member
Activity: 364
Merit: 100
September 10, 2018, 11:37:52 PM
I think bitcoin is the main source of income for me now so how can i stay away from it for 5 years and if we say that keep patience for 5 years that is also a good way you will not bear loss in the crypto if you know the crypto market.
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
September 10, 2018, 11:37:15 PM
I doubt it will go that low. The worst case scenario in this bear cycle is around 3k USD and even that I doubt it as we have so far held support levels above 5k USD. Anyway, how worse can it go right now? The risk to reward ratio is quite healthy now for an entry point, so I think now and in the next 6-12 months might be the best time to get in. I don't see a bull run until late 2019/ early 2020, but I do see some interesting developments taking place for the Crypto world and for Bitcoin next year.  Now is actually the best time to consolidate and accumulate as much as you can to be quite honest.
newbie
Activity: 67
Merit: 0
September 10, 2018, 11:28:53 PM
I never think bitcoin can go back to $600.
Right now it stays at $6000+ and it seems impossible to go down further more already. Having it going down needs a lot of sell volumes which I don't think we can have enough to break all decent supports at 6k, 5k.
Anyway, your decision of staying away from bitcoin for 5 years may pay off. The market is really boring right now.
member
Activity: 294
Merit: 34
September 10, 2018, 11:19:34 PM
If you stay five years away from bitcoin then definitely you will regret it big time and perhaps that time it will cost you your fortune just to buy 1 bitcoin.
sr. member
Activity: 1936
Merit: 290
September 10, 2018, 10:57:10 PM
I bought 10- BTC for 15 000. And now I want to sell only on 10 000. Be aware
Why you want to sell for the lossing money, why you do not late next some month. Because Bitcoin price everything will can be back again. Actually I have to decide,I want to late in this full year then I will do that keep sales us.
newbie
Activity: 31
Merit: 0
September 10, 2018, 10:52:26 PM
Ah, yeah. In that case, it just occurs to me that my bitcoins are organic, too. Want any? (The price of course is elevated as compared to conventional bitcoins, because they are so organic.)
jr. member
Activity: 294
Merit: 1
September 10, 2018, 10:10:46 PM
For me, Bitcoin is still there after 5 years and it tooks forever. And it will not go back to $600 because many people will become interested in Bitcoin and the increase will continuing.
legendary
Activity: 1666
Merit: 1001
September 10, 2018, 10:03:11 PM
Well it's a good idea to make Bitcoin into long term investment,  but you still need to check once in a while, nobody know what could happen in the next 5 years but, big probability that Bitcoin will soar high, but I still suggest you to actively involved in crypto, we need all the help we can get to bring Bitcoin to it's best performance
sr. member
Activity: 714
Merit: 260
September 10, 2018, 10:02:30 PM
The way Bitcoin is going, $1000 to $20,000 and then to $6,500 and all the bans worldwide and Bitcoin used in many kinds of criminal activities.

I will come back to Bitcoin after 2 to 5 years. If Bitcoin is there, it will go the silver way. Just as Silver was $80/ounce in 1980, Bitcoin can go back to $600.

I thought youre leaving for five years?Why you’re still around and making lots of post when you don't believe about bitcoin as you said?

Common men admit the reality that the problem is you can’t purchase bitcoin on this price thats why creating negative threads just to make value drops for desperation lol
sr. member
Activity: 1330
Merit: 326
September 10, 2018, 09:53:29 PM
I bought 10- BTC for 15 000. And now I want to sell only on 10 000. Be aware

Why sell at a loss, can’t you wait 12 - 18 months & see what happens? I’m certain you’ll be in profit by then.

I bet, he badly need the money thus, selling his bitcoin at a low price. How sad that he didn't hodl it until bitcoin will further go for a bull run. $5,000 gap is a huge loss. So sorry for the man who chose the wrong way of handling bitcoin.

As for the OP, 5 years from now it will bounce up and you will be surprise of it's price then. You can come back after 5 years but make sure to have at least one to two btc and leave it. You'll never know how huge your profit will be.
jr. member
Activity: 280
Merit: 1
September 10, 2018, 07:32:21 PM
I think the price of bitcoin is still very high today but I've left it for some years maybe it's worth a lot after 5years now I do not really know what's going to happen in bitcoin in the future.
full member
Activity: 728
Merit: 101
September 10, 2018, 11:24:02 AM
If that is your decision then do it, come back whenever you want, bitcoin will always be there even if the value goes up and down.
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