Where are you currently sitting on the Bitcoin risk/reward spectrum?

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: tabnloz on September 06, 2016, 12:39:22 AM

My thoughts continue to be that Bitcoin will only be fully appreciated in the event of a crisis.

Granted, we haven't seen how Bitcoin reacts in a crisis, however my rationale behind putting money in was that a) global debt levels are unsustainable, b) currency wars make everything unstable and c) destroying banking & finance fee thieving is excellent.

Three excellent points I would say, I share them.
Not that we want a crisis here but all the relevant economic indicators say that we are running out of time. The global financial situation is like a star ready to burst. If that will happen maybe BTC will reach a true global recognition as the best store of value alternative to gold.
Most of the investors already see it that way.

tabnloz

legendary

Activity: 961

Merit: 1000

My thoughts continue to be that Bitcoin will only be fully appreciated in the event of a crisis.

Granted, we haven't seen how Bitcoin reacts in a crisis, however my rationale behind putting money in was that a) global debt levels are unsustainable, b) currency wars make everything unstable and c) destroying banking & finance fee thieving is excellent.

cluit

legendary

Activity: 1176

Merit: 1016

Quote from: Denker on August 27, 2016, 04:44:47 AM

Quote from: spiderbrain on August 26, 2016, 08:24:19 PM

As usual I trust bitcoin more than the banking system, so my risk reduction strategy is to own bitcoins. As to what the price will do? I have no idea. I just sell/buy when I ought to rebalance. Mostly I HODL.

Yep that's what I'm doing as well.
I trade with a fraction of my stash and the biggest chunk will get hold for many many more years.
So I don't really care what the price is doing short term.

Same here, I’m slowly building a stash of bitcoin so that I can watch it grow in the future. I wish I could invest more but right now what I have is enough for a brighter future if bitcoin goes to moon. Lets hope for the best to happen.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: randy8777 on August 30, 2016, 01:33:01 PM

i think the real deal is when institutional investors will start jumping into bitcoin. however, they will never do so with the current amateurish exchanges. they need a proper professional platform where they can safely deposit multi millions on and start trading like champions. at this point it's more a fantasy than a possible reality at some point.

Itbit and Gemini are good enough for their purposes in principle but that lack of margin is a going to dampen an awful lot of enthusiasm.

I think there's a rather large gulf that needs gapping.

If I was a Wall St psycho the idea of organising a pump to benefit all the little shits who got in early wouldn't turn me on. At the same time they're not going to bother with something as tiny as Bitcoin is. I don't know who's going to provide the ammo to get the big guns to take a realistic look.

Traditionally they themselves are the ones who create the markets and the hype from scratch. The idea of hitching themselves to something that was created by a bunch of maniacs on the internet probably feels uneasy.

randy8777

legendary

Activity: 896

Merit: 1000

Quote from: gentlemand on August 30, 2016, 11:24:44 AM

If a proper ETF is approved and arrived within the next couple of years and no one new arrives, I don't know what will bring in some fresh meat. I suppose Bitcoin would have to go round everyone's house and personally cook them a nice meal.

i think the real deal is when institutional investors will start jumping into bitcoin. however, they will never do so with the current amateurish exchanges. they need a proper professional platform where they can safely deposit multi millions on and start trading like champions. at this point it's more a fantasy than a possible reality at some point.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: pissedoff on August 30, 2016, 11:19:27 AM

It will be a long time before any fresh blood come in.

If a proper ETF is approved and arrived within the next couple of years and no one new arrives, I don't know what will bring in some fresh meat. I suppose Bitcoin would have to go round everyone's house and personally cook them a nice meal.

pissedoff

hero member

Activity: 616

Merit: 500

Quote from: gentlemand on August 30, 2016, 11:17:12 AM

Quote from: pissedoff on August 30, 2016, 11:13:00 AM

Why not? Since the bitcoin market price is very low these days you might be able to make a good profit if you buy now and sell later.

Everyone's got their limit and I assume they reached it. I think quite a few people have some investment fatigue now. It's going to need a wave of fresh blood to really get motoring again and I can't see many signs of them on the horizon at present.

I agree but the bitcoin market price will eventually recover. It will be a long time before any fresh blood come in.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: pissedoff on August 30, 2016, 11:13:00 AM

Why not? Since the bitcoin market price is very low these days you might be able to make a good profit if you buy now and sell later.

Everyone's got their limit and I assume they reached it. I think quite a few people have some investment fatigue now. It's going to need a wave of fresh blood to really get motoring again and I can't see many signs of them on the horizon at present.

pissedoff

hero member

Activity: 616

Merit: 500

Quote from: botany on August 30, 2016, 10:35:23 AM

I would not invest any additional money into Bitcoin now.
I am prepared to sit on my current investment, for another couple of years before cashing out.

Why not? Since the bitcoin market price is very low these days you might be able to make a good profit if you buy now and sell later.

botany

legendary

Activity: 1582

Merit: 1064

I would not invest any additional money into Bitcoin now.
I am prepared to sit on my current investment, for another couple of years before cashing out.

bit1

legendary

Activity: 938

Merit: 1000

Quote from: Karartma1 on August 28, 2016, 11:19:06 AM

I don't know I was expecting a steady price increase after the halving, I imagined we could have been at least around $700 right now. Who is here from a long time probably will aknowledge that sideways will not last forever.

Maybe altcoins gained some momentum lately and that is slowing things down for Bitcoin. But I still don't see any coin that can compete against Bitcoin right now in terms of adoption and maturity. This may change but Bitcoin will prevail in the long run.

I'd leave with these two picks: an optimistic and a pessimistic one. In 18 months we either destroy the $1000 mark forever or we will below that amount for some more time.

I vote for destroying the $1000 mark.

Agree, only that 18 months is a long time, sometimes the market behaves differently to what is expected for one reason or another, so it is best to take it slow, so any result that is given during that time, must not surprise, in short, if it reaches that price ok , if it is not reached could be ok too.

Karartma1

legendary

Activity: 2310

Merit: 1422

I don't know I was expecting a steady price increase after the halving, I imagined we could have been at least around $700 right now. Who is here from a long time probably will aknowledge that sideways will not last forever.

Maybe altcoins gained some momentum lately and that is slowing things down for Bitcoin. But I still don't see any coin that can compete against Bitcoin right now in terms of adoption and maturity. This may change but Bitcoin will prevail in the long run.

I'd leave with these two picks: an optimistic and a pessimistic one. In 18 months we either destroy the $1000 mark forever or we will below that amount for some more time.

I vote for destroying the $1000 mark.

Bigpiggy01

hero member

Activity: 1138

Merit: 523

I think we're headed more or less sideways till something starts shaking in the fiat world.

US and EU politics are too stinky at the moment to have the fed, ecb and other policy bodies to go anything sideways till the election. However something like the Philippines and China getting rowdy or Indonesia and China shooting at each other's coast guard ships could send tremors through the system, but barring something like that I don't see much happening.
There could be another hack that'd cause a nice buying dip prior to then but looking into my dusty old crystal ball doesn't really see much else happening Undecided

However the current interest rates etc are debasing a lot of fiat currency once a few more people start to wake up to that, I think we'll start to see more than the current trickle of people getting into Bitcoin.

Been buying slowly for a fair while and plan to keep on doing so as part of my as little fiat as possible strategy Grin

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: maku on August 26, 2016, 09:11:21 PM

I still that Kim Dot Com will shake bitcoin market in 2017 though.

Well, I won't be betting the farm on a mountainous conman but it'll be interesting to see whether it lives up to the hype. Considering hype is his job then I remain to be convinced.

Quote from: Dinki on August 27, 2016, 03:54:29 AM

With the crypto market cap at $11B, one should still be able to make a few bucks out of trading altcoins with bitcoins.

Indeed that's very possible, but it's not a sign that crypto itself is advancing very far. A few bucks is nice but it's just crypto feeding from its own sphincter rather than getting out there and growing.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: spiderbrain on August 26, 2016, 08:24:19 PM

As usual I trust bitcoin more than the banking system, so my risk reduction strategy is to own bitcoins. As to what the price will do? I have no idea. I just sell/buy when I ought to rebalance. Mostly I HODL.

Yep that's what I'm doing as well.
I trade with a fraction of my stash and the biggest chunk will get hold for many many more years.
So I don't really care what the price is doing short term.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: maku on August 26, 2016, 09:11:21 PM

Quote from: gentlemand on August 25, 2016, 06:45:07 PM

Oh, since you prodded me I'll spill.

At present I wouldn't bother putting any more money in. The rallies have felt relatively uninspired and I'm not seeing much evidence of anything beyond a bog standard trickle of adoption happening.

My policy is wait and see. If some rumblings about scaling and ETF glimpses don't prod some market twitches then I've no real idea what will. Regular stock markets with stuffy old companies are producing far more action on a day by day basis, let alone forex.

Maybe I'm just bored but so are plenty of other people seemingly. Obviously we're way higher than we were a relatively short period of time ago but that's my pathetic monkey brain lacking perspective.

At this point I am afraid that many bitcoiners share your perspective. Even me. I start to feel little disappointed by lack of serious moves, signs of greater adoption or bright future.
Bitcoin is like drifting island in the middle of the sea and we have no idea where we are going. I still that Kim Dot Com will shake bitcoin market in 2017 though.

It's completely normal for the market to behave like it is doing right now. We've had enoug volatility already. And yes, I am as well not interested in putting more money into Bitcoin. For that to happen the price need to tank significantly as I already have a good number of coins. Also, don't put too much fait in the project of Kim. While the idea is great for Bitcashe, it doesn't mean anything as traders might react completely neutral on it when it launches.

Dinki

full member

Activity: 180

Merit: 100

Incent

With the crypto market cap at $11B, one should still be able to make a few bucks out of trading altcoins with bitcoins.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: gentlemand on August 25, 2016, 06:45:07 PM

Oh, since you prodded me I'll spill.

At present I wouldn't bother putting any more money in. The rallies have felt relatively uninspired and I'm not seeing much evidence of anything beyond a bog standard trickle of adoption happening.

My policy is wait and see. If some rumblings about scaling and ETF glimpses don't prod some market twitches then I've no real idea what will. Regular stock markets with stuffy old companies are producing far more action on a day by day basis, let alone forex.

Maybe I'm just bored but so are plenty of other people seemingly. Obviously we're way higher than we were a relatively short period of time ago but that's my pathetic monkey brain lacking perspective.

At this point I am afraid that many bitcoiners share your perspective. Even me. I start to feel little disappointed by lack of serious moves, signs of greater adoption or bright future.
Bitcoin is like drifting island in the middle of the sea and we have no idea where we are going. I still that Kim Dot Com will shake bitcoin market in 2017 though.

spiderbrain

legendary

Activity: 889

Merit: 1013

As usual I trust bitcoin more than the banking system, so my risk reduction strategy is to own bitcoins. As to what the price will do? I have no idea. I just sell/buy when I ought to rebalance. Mostly I HODL.

mOgliE

legendary

Activity: 1344

Merit: 1251

I think you gonna see a lot of stagnation...

Btc works by crisis. Between two crisis, there is only stagnation.

Btc will be completely stagnating, then goes up again, like the rocket it is.

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

Quote from: gentlemand on August 25, 2016, 05:31:09 PM

If you came into a pile of money would you be throwing some in,

Yes, absolutely if I had more money I'd be buying bitcoin. I think bitcoin has a lot of upside potential. However I do not claim to know how much potential there is. There are people on this forum who get absolutely giddy when they speculate, and those are the frigging MOON BATS. I am not that way. I used to be very much a skeptic about bitcoin and its appeal did not make sense to me. That was a couple of years ago, and I've moved past that stage and am now a bitcoin bull. But I don't pretend I have a clue where we're headed.

Kprawn

legendary

Activity: 1904

Merit: 1074

I do as I always do... Wait for others to run, and then I buy, and when the price goes up again... I sell only enough to make my initial investment and I keep on buying in this way, until I doubled my

profits. This may take 1 year or more ... but I stay with this winning tactic and it keeps on paying off. Most investors do not have this patience and they want to see quick profits... I look at the long

term benefits of this kind of strategy. Wink

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

All trading assets have risk/reward involved thats why only 10% trader could actually make steady regular profit. And same goes for bitcoin, if we don't make smart move on time, we will be in loss.

LLec

hero member

Activity: 798

Merit: 501

Quote from: gentlemand on August 25, 2016, 05:31:09 PM

So it's more sideways while the alts do their thing.

At this particular moment in time what are your feelings about Bitcoin's potential upside for the nearish future? Say, 6-18 months.

If you came into a pile of money would you be throwing some in, or do you currently feel that there's not enough potential considering the possibility of further stagnation or falls?

When I see that I can make any profit I sell right away which is not good... but i think any relation from 6 to 18 months could be really different.
who can know if any big company start to accept btc for their payment? think amazon, or ebay and so...
make quickly trade I think is the right answer... Cool

randy8777

legendary

Activity: 896

Merit: 1000

i am a long term bull, but one with a realistic way of thinking. i am not expecting any miracles to happen in the last months of this year and the beginning of next year. as some people might say, it will be a boring time for those chasing volatility. of course from time to time we'll definitely have some action on the markets, but nothing as we have seen before.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: gentlemand on August 25, 2016, 05:31:09 PM

So it's more sideways while the alts do their thing.

At this particular moment in time what are your feelings about Bitcoin's potential upside for the nearish future? Say, 6-18 months.

If you came into a pile of money would you be throwing some in, or do you currently feel that there's not enough potential considering the possibility of further stagnation or falls?

if i want to predict i'd give a higher chance to rise rather than falling lower than this. although anything like another hack is possible in bitcoin.

and in case i find some bag of money from somewhere, i will invest it in bitcoin and buy 70% bitcoin and 30% in a couple of altcoins.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: DeathAngel on August 26, 2016, 06:12:42 AM

How much money are we talking about coming into here? Say if for example I inherited $100,000 I might put $10,000 into bitcoin. I think 10% of a persons savings being in bitcoin is a good thing.

I think the risk is worth it when bitcoin could quite easily double or treble in value over the next 5-10 years.

A triple of it's actual value would only be $1725!If that happens in 10 years first I think Bitcion has lost it's pole position and some other coin will be on top. No in 10 years I would like to see a price of around $5000!! I mean ten years from now 2 other halvings will have happened.
Furthermore the world economic forum expects that 10% of global GDP will be stored in Blockchain in 2027.As a measure they used the actual GDP of $80trillion. If we assume Bitcoin would be still around at that time and has progressed as we all hope and might have taken a very conservative 0.1% of that pie, the value of Bitcoin would be ~$4000!

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: chesthing on August 25, 2016, 07:58:44 PM

So basically if you were given a pile of money you'd play traditional stocks or forex rather than buy btc then?

More than likely, though I'd prefer to purchase a top of the line shed instead. Enough's been allocated to crypto now.

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

How much money are we talking about coming into here? Say if for example I inherited $100,000 I might put $10,000 into bitcoin. I think 10% of a persons savings being in bitcoin is a good thing.

I think the risk is worth it when bitcoin could quite easily double or treble in value over the next 5-10 years.

g-unit

sr. member

Activity: 432

Merit: 250

Boredom already? We've only been stuck in the upper 500s for less than a month. We spent nearly a year in the 200s. Come on people.

Doms

hero member

Activity: 714

Merit: 500

My average buy price is around $470 and as long as the price stays above $500, you wouldn't find me complaining about the upswings and plummets here and there. Maybe boredom is starting to creep on some of us with the price just playing in the mid to high $500s. I am not expecting it to be any different in the coming months, but maybe next year will be a different story. The most exciting times of the year come about two months before the halving. It would be good to find out what's going to affect the price movement by 2017.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: gentlemand on August 25, 2016, 05:31:09 PM

So it's more sideways while the alts do their thing.

At this particular moment in time what are your feelings about Bitcoin's potential upside for the nearish future? Say, 6-18 months.

If you came into a pile of money would you be throwing some in, or do you currently feel that there's not enough potential considering the possibility of further stagnation or falls?

6-18 months is not so near so it is hard to speculate about it in my opinion Cheesy

but in long term i always expect a rise since there has not yet been a huge sudden rise, it is possible.

and if i came into a pile of money i would definitely invest some in bitcoin but i would buy it slowly at this point.

Leonard2016

hero member

Activity: 1036

Merit: 520

bitcoin is more stable than going sideways!
so the risk/reward thing is not so clear right now but i am always believing in the reward part and in case i got some money i would invest in bitcoin but i buy in dips.

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: gentlemand on August 25, 2016, 06:45:07 PM

Oh, since you prodded me I'll spill.

At present I wouldn't bother putting any more money in. The rallies have felt relatively uninspired and I'm not seeing much evidence of anything beyond a bog standard trickle of adoption happening.

My policy is wait and see. If some rumblings about scaling and ETF glimpses don't prod some market twitches then I've no real idea what will. Regular stock markets with stuffy old companies are producing far more action on a day by day basis, let alone forex.

Maybe I'm just bored but so are plenty of other people seemingly. Obviously we're way higher than we were a relatively short period of time ago but that's my pathetic monkey brain lacking perspective.

So basically if you were given a pile of money you'd play traditional stocks or forex rather than buy btc then?

Yakamoto

legendary

Activity: 1218

Merit: 1007

The future seems up, but it will more than likely be "up" past the 6 month mark, for now it'll probably stagnate if the market doesn't get active again once all the traders get back from vacation. As for whether or not I would put money in if I had a pile of it given to me, chances are I would, however it would be once the market starts moving and showing a bit more life. For now there isn't anything really happening and thus it could easily go up or down at the drop of some news.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Oh, since you prodded me I'll spill.

At present I wouldn't bother putting any more money in. The rallies have felt relatively uninspired and I'm not seeing much evidence of anything beyond a bog standard trickle of adoption happening.

My policy is wait and see. If some rumblings about scaling and ETF glimpses don't prod some market twitches then I've no real idea what will. Regular stock markets with stuffy old companies are producing far more action on a day by day basis, let alone forex.

Maybe I'm just bored but so are plenty of other people seemingly. Obviously we're way higher than we were a relatively short period of time ago but that's my pathetic monkey brain lacking perspective.

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: gentlemand on August 25, 2016, 05:31:09 PM

So it's more sideways while the alts do their thing.

At this particular moment in time what are your feelings about Bitcoin's potential upside for the nearish future? Say, 6-18 months.

If you came into a pile of money would you be throwing some in, or do you currently feel that there's not enough potential considering the possibility of further stagnation or falls?

Let's hear your answers to your own questions, you've been around long enough to have an opinion.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

I currently am holding none but am in the means to purchase some when I can.
I wish to hold as much as nearly 1 bitcoin by the end of the month.
This is very likely scenario due to my current financial situation will allow me too.

richardsNY

legendary

Activity: 1232

Merit: 1091

To be honest, at this point my sentiment and feeling towards the current market is neutral. I expect the coming months to be more or less the same as now with a potential breakout to $600-$650 at most for this year. I am not going to look further than this year as I find it a bit pointless since a lot can happen. I am already happy with the number of coins that I have right now, so even with extra money I wouldn't be interested in using it to buy Bitcoin with at these prices.

kobilica

sr. member

Activity: 280

Merit: 300

I will buy more if it drops, actually right now seems quite cheap. Bitcoin is still developing/spreading.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

So it's more sideways while the alts do their thing.

At this particular moment in time what are your feelings about Bitcoin's potential upside for the nearish future? Say, 6-18 months.

If you came into a pile of money would you be throwing some in, or do you currently feel that there's not enough potential considering the possibility of further stagnation or falls?

Topic: Where are you currently sitting on the Bitcoin risk/reward spectrum? (Read 2567 times)