Topic: Thinking about long time investment (Read 2242 times)

Welp, if btc is going to be around in 20 years it will for sure be worth a fortune each, but 5 years is looking iffy these days. The lustre has worn off but that could be good for long term. It doesn't need to look faddish and its utility should speak for itself... We'll see. Make sure you can live with 100% loss (double that number if dealing in btc assets)

trading altcoins is essentially nothing more then gambling, but without knowing the odds ahead of time and with people trying to cheat you.

I think Bitcoin is a promising tool for investment at the moment. There are a lot of positive news about bitcoin integration published recently, which create a favorable environment for the bitcoin growth.

I'm also treating bitcoin as a long term investment. I can see the potential behind the technology and what it can do for the remittance and payment processor market so I'm banking on those industries to lead the demand for bitcoin and eventually push the price up.

personally because of the time of year I think will go down a bit more before going back up
I think btc may drop to $260 levels even in next couple weeks

but btc is a longterm hold imo anyway so doesn't really matter

If I where you I would buy  Right now the price is the lowest in the last 13 months.

Trading BTC (and alts) often makes better profits than simply holding, but you also need to be prepared for the huge up moves when they finally happen. Having money to start with makes it much easier, since you can have both a long-term investment and a trading fund.
Enjoy   

BUY BUY BUY

I would second this
If it was so easy to make profitable investments, everyone here would be rich.
Just make your own decisions.

Welcome and goodluck..

Don't listen to 100% of the forum as many try to trick you, so listen to yourself only!

http://letstalkbitcoin.com/forum/post/petaminexcp-mine-bitcoin-with-your-counterwallet
You can read the details from tha link.

How are they profitable? Doesnt btc prices affect those?

There are some guys over there, which make some cash with crypto - and they just buy one crypto coin, then wait some days or a week, and then sale it with profit. Bitcoins are used to buy/sale crypto coins. But there are many crypto coins, so you must know the crypto market if you want to make some profit.

If you want to invest in crypto, you can search xbtc, that's assets you can buy with bitcoin. That asset only you can buy at counterparty

Only dumb people buy bitcoins or alts these days, go check out crypto assets 

Tbh ever since "Dan Balzarian" or w/e that instagram guys name is started getting famous I've been running into a tone of newbs during my poker rounds

Maybe it's just where I live

Don't do it, dude.

Here's why not:

1. There will always be negative press clouding the perceived legitimacy of bitcoin by the masses. While a lot complaints are very real, there will always be competing entities generating hit pieces to keep normal people scared and wary of bitcoin.

2. The price of bitcoin was definitely over-inflated thanks to GOX. It might not actually be down to its "true" price is (well, the actual true price is always the current price, but you know what I'm sayin'.

3. Too many other competitors in the cryptocurrency space that are perhaps technologically more sound and definitely more energy efficient than bitcoin. The problem is, not one of them has really caught on yet. Not even bitcoin!

I've been going the Andreas Antanapolous (sp) route and asking all commercial vendors who I patronize if they accept bitcoin. The first question is always, without fail, "What is bitcoin?" Then the answer after they check with the boss is always "no."

While more shops/stores/venues may be accepting bitcoin by the day, lets face it, its not catching on at nearly the rate we were hoping -- at the rate that would have made speculative purchases a much smarter move.

So basically, you gotta wait for bitcoin to stabilize. And if you have checked the price recently, it ain't stable at all.

The only situation I see in which bitcoin attains instant success is if there is another global economic meltdown that eliminates the "safe" part of most traditional "safe haven" investments. Hopefully by that time bitcoin will have moved from "highly obscure, high-risk" investment to one of the only remaining safe havens for money.

We'll see. Better hope shit doesn't get too fucked though cuz we'll still need electricity to run the network.

I would put a portion 15% - 20% in bitcoin. There are a lot of smart people backing Bitcoin right now (i.e. Marc Andreessen). Additionally, Bitcoin provides an immense advantage for both business and consumers. Although Bitcoin is getting popular, the  real revolution will come from the technology behind Bitcoin. 

Bitcoin supply is limited and precisely predictable.
This is a big reason some are very bullilsh.

I believe Bitcoin may be a very wise investment, especially in the long term. The potential upsides are huge and the adoption isn't nearly complete. But this is just a gut-feeling. No one knows whether Bitcoin will really enter the mainstream at any point and really gain traction. It still remains a very risky investment and you may end up losing everything.
See for yourself what you're willing to risk and invest. Don't panic and don't act on emotions when the price falls. And most importantly: Make up your own mind about your investment decisions!