I think the balance between hoarding and spending is key
My personal ratio is around 80-20
Topic: The best investment is to cold store bitcoins long term for big profit. (Read 1285 times)
March 03, 2014, 01:48:24 AM
March 03, 2014, 01:21:39 AM
The "best thing to do" differs from person to person based on their particular needs, interests, and skills.
March 02, 2014, 11:54:08 PM
$100,000/coin is asinine.
Quoted for future mockery. 
March 02, 2014, 11:49:06 PM
$100,000/coin is asinine.
March 02, 2014, 10:22:27 PM
Investing is a solid alternative to trading. People are different s'all.
March 02, 2014, 10:16:16 PM
the buy and hold line is part of the "sales pitch" used by early adopters to newer investors to retain the value of their vast holdings. kind of how the amway people love to promote the idea of owning your own business, but without having to do any of the real work involved with establishing a business. you too can make vast fortunes, by buying bitcoin and tucking it away for a couple years.
March 02, 2014, 10:15:41 PM
Locking your bitcoins away and not using them is the best way to ride out the highs and lows of the market if you expect the value to keep rising into the future.
But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce. There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'. It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one.
And what exactly would be the tipping point that says "not enough Bitcoins out there, let's use something else?" If there were 2 times as many Bitcoins, and each block rewarded 100 (now 50) BTC, would this point occur any later? How about 10 times? 100 times as many Bitcoins? But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce. There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'. It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one.
March 02, 2014, 10:11:04 PM
Locking your bitcoins away and not using them is the best way to ride out the highs and lows of the market if you expect the value to keep rising into the future.
But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce. There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'. It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one.
How does a $5600000 pizza sound? We are ALREADY paying "huge fortunes" for them. But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce. There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'. It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one.
March 02, 2014, 09:42:55 PM
Locking your bitcoins away and not using them is the best way to ride out the highs and lows of the market if you expect the value to keep rising into the future.
But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce. There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'. It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one.
But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce. There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'. It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one.
March 02, 2014, 09:37:09 PM
The best investment is Buy and Hold for a large % of your bTC, and trade in and out of the rest.
The volatility is amazing, so if you don't ever sell high and buy low you are missing out.
The volatility is amazing, so if you don't ever sell high and buy low you are missing out.
March 02, 2014, 09:34:26 PM
I think by the end of 2016 is the maximum possible timeframe before we see $100k per coin.
March 02, 2014, 08:20:27 PM
Soon I plan to cold store (offline) bitcoins maybe until 2016. By this time, the reward would be 12.5 btc instead of 25.
I am considering investing in Ethereum but I will wait and see. For the meantime, I think I will get off exchanges and long term hold.
Do you guys speculate prices will be high in 2016?
I am considering investing in Ethereum but I will wait and see. For the meantime, I think I will get off exchanges and long term hold.
Do you guys speculate prices will be high in 2016?
Jump to: