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Topic: Take a lesson from Yahoo - page 2. (Read 2180 times)
You are quite right but the general rule of investment is never invest more than you can afford to loose; never invest money that is meant for your up keep in the likely for an higher returns.
Buying bitcoin is not investing, it's gambling. I really hope price will skyrocket and yes I do hold nice amount of btc but still I wouldn't call it investing.
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There is nothing magical about Bitcoin that will make it like any other investment that has ever existed. Bitcoin will rise and fall, gradually. It just doesn't make sense to me that it will suddenly "shoot up" and stay there.
Nothing like bitcoin has existed before. Bitcoin is not a company like Yahoo or Google.
There are hundreds of predictions, but no one has a crystal bowl. Nobody expected bitcoin to go from $1 to $1000 five years ago.
We might be surprised once again in the future.
You are quite right but the general rule of investment is never invest more than you can afford to loose; never invest money that is meant for your up keep in the likely for an higher returns.
I agree never invest more then your willing to lose. But comparing bitcoin to yahoo is horrible really. Bitcoin is currency, you could make a argument its a industry but not a single buisness. And Yahoo had competition. Bitcoin does not really have competition as main crypto.
Good advice in this thread. Only "invest" what you can afford to lose. And the first thing I learned when I got into the stock market (because it was pounded into my head) was, "past performance does not guarantee future results".
Take away any expectation from getting rich just by holding a few BTC.
Instead short your time frame about BTC price if you want to trade(I don't dare to make prediction for more than days) while you concentrate in the bitcoin tech and economy.
That way if things goes wrong you will gain some money, or at least don't lose, and if we reach moon, you'll be not worse than by just holding.
Instead short your time frame about BTC price if you want to trade(I don't dare to make prediction for more than days) while you concentrate in the bitcoin tech and economy.
That way if things goes wrong you will gain some money, or at least don't lose, and if we reach moon, you'll be not worse than by just holding.
It a good point to mention that yahoo has invested in to Bitcoin. 
Bitcoin is not just some stock it is a revolutionary technology that I personally like to compare to the internet when it first got big to the technical crowd. There are other big players who are going to need to compete with Bitcoin which will only make Bitcoin more credible in the future(in my opinion) so I expect real growth to come soon. People that have very high expectations don't speak for the rest of us that are bullish. Its just an estimation they believe is possible whether it is or not going to happen remains to be seen. Either way I can assure the average person that believes in Bitcoin is not expecting those kinds of prices over night. I think most people believe that it has potential to hit high prices and is a investment well worth looking into. Everybody that has taken the time to learn about Bitcoin should have a clue and not be investing more than they can afford to lose.
Bitcoin is not just some stock it is a revolutionary technology that I personally like to compare to the internet when it first got big to the technical crowd. There are other big players who are going to need to compete with Bitcoin which will only make Bitcoin more credible in the future(in my opinion) so I expect real growth to come soon. People that have very high expectations don't speak for the rest of us that are bullish. Its just an estimation they believe is possible whether it is or not going to happen remains to be seen. Either way I can assure the average person that believes in Bitcoin is not expecting those kinds of prices over night. I think most people believe that it has potential to hit high prices and is a investment well worth looking into. Everybody that has taken the time to learn about Bitcoin should have a clue and not be investing more than they can afford to lose.
Just like anything before dont know the mechanics behind bitcoin itself.
That alone makes me want to buy more of it, and know the education of it as well. Like how very # of bitcoin can be produced or knowing that alone with other important vital info.
In the 7th grade, I saw starbucks stock at $12 - and used it as example for math stuff. Of course I couldnt do much besides sell pokemon cards, but those cards rounded to $100 which could lead me owning some shares.
That alone makes me want to buy more of it, and know the education of it as well. Like how very # of bitcoin can be produced or knowing that alone with other important vital info.
In the 7th grade, I saw starbucks stock at $12 - and used it as example for math stuff. Of course I couldnt do much besides sell pokemon cards, but those cards rounded to $100 which could lead me owning some shares.
I agree, anything like this is really hard to predict so you either take the chance and go for it or you don't and may live to regret it if things go differently. It's all about taking chances which is why it is always best to invest what you know you can afford to lose.
Yes, you're right, this could very well be a path Bitcoin may take. Then again, it could be more prudent and profitable to short Bitcoin now and wait for it to go even lower. Thing is: No one knows what's the right thing to do :/
It seems that there a good number of people have bought Bitcoin as an investment. I'm not going to judge whether it is a good idea or not. But perhaps I can speak of one of my experiences with investments that you may want to consider.
In the year 2000, Yahoo stock was worth about $118.00. But the tech bubble burst, and in 2001, Yahoo stock fell to $8.11. (I bought some at $8.90).
The good news is that Yahoo stock is now worth about $40.00-41.00. Yes, Yahoo stock has grown the past 13 years, but the growth has been gradual. The important word is "gradual". Most investments are like that. They usually grow over a period of time.
That is why I think it is unrealistic to think that Bitcoin will be worth $10,000 any time soon, or ever. There is nothing magical about Bitcoin that will make it like any other investment that has ever existed. Bitcoin will rise and fall, gradually. It just doesn't make sense to me that it will suddenly "shoot up" and stay there.
In other words, if you are invested in Bitcoin, you have to think long term. No one knows how any investment will turn out. I have been invested in the stock market for some time. The market has been good to me, but I have had some bad years too. All of my investments have grown, but grown gradually.
In the year 2000, Yahoo stock was worth about $118.00. But the tech bubble burst, and in 2001, Yahoo stock fell to $8.11. (I bought some at $8.90).
The good news is that Yahoo stock is now worth about $40.00-41.00. Yes, Yahoo stock has grown the past 13 years, but the growth has been gradual. The important word is "gradual". Most investments are like that. They usually grow over a period of time.
That is why I think it is unrealistic to think that Bitcoin will be worth $10,000 any time soon, or ever. There is nothing magical about Bitcoin that will make it like any other investment that has ever existed. Bitcoin will rise and fall, gradually. It just doesn't make sense to me that it will suddenly "shoot up" and stay there.
In other words, if you are invested in Bitcoin, you have to think long term. No one knows how any investment will turn out. I have been invested in the stock market for some time. The market has been good to me, but I have had some bad years too. All of my investments have grown, but grown gradually.
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