Bitcoin Forum

my uncle said that 1 bitcoin is all he could afford right now..i could not assure him if it is really a decent and good one...

i said him i will get back to you after i ask this in the forums..

so what is your opinion?

I think it is, but you should only invest what you can afford to lose.

In my opinion it is. It's a nice enough amount that you could earn a bit of money if you hold it for long enough but not so much that it's a big loss if you lose it or whatever. Just know the risks.

Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins.  ;D

Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin?

I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin.

I'm not going to say 'If Bitcoin' this or 'Bitcoin will be this high in' or state a whatever-the-hell value. A investment is a investment. It could lose value. Crash. Be forgotten. It can also rise. It's a 50/50 chance.

All investments carry inherent risks but I would say yes indeed. Also you do not need to buy 1 BTC. How about consider investing, say, $200/month (or whatever he can afford) and just keep buying $200 worth of BTC per month no matter what the conversion is. This process takes all emotion out of the equation. It is known as dollar cost averaging. Some months you will get more btc than others but it is a systematic way of accumulating BTC. This is not a quick get rich scheme. In fact once you start something like this, continue it for as long as possible.

Process does work better when compound interest is involved but I do not think that there are any trustworthy investment firms paying interest on BTC in BTC. I would love to be corrected on that!

thanks for all your replies

There is no need to pay for 1 whole bitcoin in that future. How about $4 for 100 'bits' then, how that sounds?  ;)

Sounds crazy, I know, but look at what people are willing to pay for one of Warren Buffet's preferred shares:

https://ca.finance.yahoo.com/q?s=BRK-A

$192,476.00

1 share. Yeah investors would pay 40-50K for 1 BTC for a joke.

One Bitcoin is a small investment, but it's better than nothing.  If Bitcoin goes up by a factor of 10, he'll be kicking himself for not buying more.

Buy 21, be one in a million.

I think it is a good invest, of course.
But you should hold your bitcoin for enough long time , at least one year.

In short time, it is difficult to predict its value.
But bitcoin will be more valuable in the long run.

People don't have to buy a whole coin. They can just buy smaller fractions.

well said mate. if 1 btc is $50k i doubt many people will be able to afford $50 worth let alone 50k.
i suspect many ppl will be left with there 50k btc unable to sell.

Who would ever pay $100 for one coin, let alone $500? Be realistic people, nobody will throw that kind of absurd money at a line of code.

...........................................................  Worst troll ever..?


OP does he have the balls to hold it?  If yes, then yes it is a good idea.  Hold for 10 yeras.

My sarcasm detector says there is a 90% chance the poster was being facetious. 

It's a nice investment if you buy as soon as possible, things may change dramaticaly in few months or weeks with criptos.

More like he was quoting statements that were made not so long ago. :)

Not really a good investment. If you would hold on to it for months upon months you may be able to make a hundred or two. It's not worth the time.

I keep atleast 1 bitcoin in a separate offline wallet all the time just in case price happens to skyrocket to 10 000's or millions.

So i'd say 1 bitcoin is a decent investment. I normally buy something like 0.3 bitcoins per month.. i haven't sold any yet (exchanged to altcoins maybe) but all the time i have had 1 whole bitcoin untouchable.

I suppose the answers on this forum are a little skewed in Bitcoins favour  :D

But I reckon if you compare it to the alternatives then the potential upside of BTC makes it a must have in any portfolio (ie. spread your bets).

Interest rates at record lows so savings accounts are crap - stocks/growth is pretty flat (except Russia - JPM Russian Securities up 10% in the last month  ;) ) - I dunno, whats the alternatives ? Some good invetsments to be made in the renewable energy sector possibly.

  But yes, invest what you can afford to lose - and then forget about it. But don't put all your eggs in one basket.

1 bitcoin has been a good investment for years, and it still is. Of course, in order for it to rise so much that you will be able to afford something really expensive with only 1 bitcoin, you would have to wait for a very long time. But in terms of simple mathematics, it is a good investment because BTC is always on the uptrend in the long term.

I know you weren't talking altcoins but i have to say that for now it seems that investing in altcoins with long terms is quite risky (i prefer short). For safe(r) long term investment i'd go for bitcoin.

I myself don't want to support stocks, banks and big companies so i don't invest in stockmarket.. but like practicaldreamer said, it's good to spread savings/investments and stocks might be one idea to do so.

You can't answer such questions without knowing more details.

If he is living on some kind of social checks, than by all means, this is a very bad investment!

But if he is a multimillionair, this might be way to little compared to his net worth.

I think any amount is a good investment amount, but your answer depends on how much does he want to profit? , with 1 bitcoin he can make a decent amount of money in long term, but if he want to make a huge one in shortterm i would advice him to buy 3-5.

Dont forget to use the new exchange ANXpro in case you want to buy bitcoins, its easy to get money into and currently we dont have fees for deposits, even via bank wire!.

Regards


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I'd say it's a better investment than keeping it in the bank. I have 2 BTC, not much but worth 20% more than few months ago, when I bought them. So it's a much better deal than 5% a year on a savings account.

More coins have been lost than we probably know about, let alone the coins owned by Satoshi and various hoarders. Getting a hold of one is a good move. Lots of people don't have the spare cash to take that risk.

He won't be rolling in it now or any time soon. A few years down the line he might be surprisingly comfortably off compared to most. This thread will be prime necro material.

Word of caution. Keep it as anonymous as possible and back it up multiple times. Encrypt it nine ways of Sunday.

Yes

1 Bitcoin is a good investment in the long run since people can still afford to buy a whole Bitcoin.
In a few years it is very possible that we will be dealing in microbitcoin transactions instead of whole Bitcoins or even 1/100 of a single Bitcoin.

These type of investments are great if you have the duration to wait on the market if not their is still a good possibility of seeing $1000 to $2000 USD this year if the sentiment remains positive and more merchants adopt the technology with the big names such as overstock and dish network using it recently and an increasing merchant retail and online presence.
I strongly say yes buy a Bitcoin now and see what happens, be different things need to change and now make Bitcoin an investment.

He is talking about an investment however. The fact is that 1 Bitcoin with different prices will do nothing in terms of receiving a good return on your investment. Of course, a few hundred dollar gain isn't bad but that is assuming and accepting all risks.

Well it is all relative the question is if the OP's uncle should get a bitcoin and I say yes.
The relative return % wise can beat a GIC or Bond at the least and even most risky stocks if you treat it as an investment.
If you treat it as a currency instrument or property it still retains a value that remains static.
1 BTC = 1 BTC what you can exchange it for is the exchange/investment risk.

For me it is a store of value rather than an investment. I want to have reliable purchasing power.

Bitcoin is reliable in that at whatever exchange rate you trade it for you can still purchase goods and services with it, the movement of the asset price between say $650 dollars at 6:06 and $666 dollars at 7:06 is the purchasing power difference.
That said it is still reliable the amount you can get and the exchange rate for goods and services vary a bit but it is fairly constant if used right after purchasing that or you hold it.

Still a decent or good investment.

Secondary link
http://www.coindesk.com/professor-susan-athey-people-use-bitcoin-intrinsic-value/

1 satoshi = 1 usd is the upper limit, see my signature

The question is, when bitcoin really worth millions, what will you do with those coins

Just like precious metals.

"Suppose that each person need $ 1,350,000 for a comfortable retirement, and they put all those savings into bitcoin and get 0.0135 coin, e.g. 1,350,000 satoshi, this means 1 satoshi = 1 usd,  1 BTC will worth 100 million dollars, this might be the highest possible value bitcoin can achieve"

It's an awesome dream, but a dream  :)

The upper limit is how much energy you can buy with one BTC.
Dollars are irrelevant.

The world turns around thanks to the sun. 
Everything we did or do is related to energy.
A currency based on energy would be a winner but dragging around drums of oil is not convenient.
That's why they invented substitutes like shells, salt, paper and gold.
Now we have bitcoin which will make it magnitudes more easier to pay for energy globally.

At the moment the risk/reward ratio is not that great in my opinion. At best it will go to about 1000 this year. I do not believe this year will see a 10x bubble.
So, you will only make about 50% at best for 2014 if you buy in at current prices. Given the high risk  of bitcoin (can easily lose 60% in a few days) that reward is not that great.

yes,it is
take the train before it is too late

It looks that big enterprises are hardly considering to add bitcoin
ebay,paypal or facebook are looking for their appropiate way.
I think it is in the early phase of the project

It is also a bit optimize to think it will go to 1000.

Some people actually think it could go to 100000 in a few years when the world wide adaption rate is more than the current 1%. I think these guys are dreaming.

I think it's a good investment, but only if he can hold on to it, even when the price suddenly drops or rises.
Not easy though, to keep your coins when price rises a couple of hundred percents.

Ask the guys from 4 years ago.
The one who is dreaming is you, wake up.

Investments with a tiny market cap grow rapidly if the underlying asset is good and the dumb money is not heavily invested yet. This was the case with bitcoin 4 years ago.
However, as the market cap gets into the billion territory and dumb money is already invested similar %-gains are not to be expected. This is bitcoin today.

Many bitcoin latecomers fail to realize this and out of envy for the very early adopters they keep on touting that bitcoin will keep growing as rapidly as it did in the past and similar nonsense.

I suppose it may take a few months until the permabulls are exhausted and finally get a reality check.

To think it'll hit that this year is dreaming. But imagine that the mainstream companies that already know of bitcoin, such as ebay and amazon, start accepting it. Then, Russia and China reverse their decision and allow Bitcoin in everyday commerce. It could easily hit $10,000+ btc at that time.
This could happen in a matter of months, years, or never. But, main point, it is definitely a real possibility.

Any investment in Bitcoin could be considered a good investment, as of now.

1 bitcoin is a better investment than 0 bitcoin.

G.

Long term, sure. Just look at the historical charts. I think the days are over of putting in a couple hundred bucks and becoming a multi-millionaire, but I still think bitcoin has a lot of rising to do over the long haul.

I don't think the dumb money is here yet. The Winklvoss ETF will bring some in for sure. Maybe then the permabears will get their reality check.  ;D

I think it is a good time to invest, indicators seem to say it will go up soon.
And if it's all he can invest, then that's the right amount to invest :)

What indicators? Do you have a chart to share? Could go either way, in my opinion, but this triangle consolidation does seem to have a slightly upwards bias...

An ETF for bitcoin? I sure as hell hope that it is not like SLV for silver and GLD for gold.

it's very risky. but yes, i think bitcoin is a good investment, at $650 a pop. I think within the next couple years it will be worth at least 10x that. investing in one is pretty low risk, so it's worth it i would say. :)

What is so bad about silver and gold ETF's?

Both provide a vehicle for people to invest in something that they could not safely invest in otherwise.

If someone wanted to invest $50,000 in gold but did not have a safe place to keep it then they would be unable to invest.

If someone wanted to invest $50,000 in bitcoin but was not technically inclined enough to invest then they wouldn't (or at least shouldn't) or if they did invest it would likely get stolen and create bad press.

Yes, I think it, but I think that you should to invest only that you can afford.

Bitcoin price now is 570$, if we're lucky and price will rise up, you'll be very satisfied, like us.

So, good luck bro ;)

Well with the price decreasing this week it may be a good deal to get it at sub 600
Maybe around 550 to 500 a coin is a better deal
Time to get a steal while the FBI gets its cash

If that is all he can afford, then you should not be pushing him to invest more.
How old is he and at what point would he like to sell his bitcoin?
Does he have the ability to stomach the volatility in bitcoin rates?

It depends on where you are going to invest it and when.

Nowadays, the prices are down, so you have to wait till the prices are up again.

It is a good moment for investing, prices are low and some whispering says that at the end of this june month, Bitcoin will pop up to 1000 or

a little more. Every deal has its risks, some higher risks than others, i think you should spend what you are afford to lose.

One bitcoin isn't much, but I'd say go for it. It's risky, but not many instruments allow for the possible gains that BTC does. One bitcoin could be worth a million bucks someday. 8)

If you're going to get just one, I would get a physical coin just for the novelty.  It might appreciate a lot more than just the pure Bitcoin.

You'll have to lay out more though. I have a couple myself and they're very satisfying items to own. I can't see how the premiums will hold up if BTC valuations go significantly higher but I don't really care.

I don't think a 1 BTC investment will ever make you rich, but it's still better than keeping that money in the bank if you're not using it. Plus, it does have the potential to multiply in value, so maybe that 1 BTC might be worth 10 times as much as it is today in a few years.

That said it will beat a bond for the amount of risk involved by far
It may get a 300 to 500% return over a few years comparable to a high risk stock but unlike a stock you can use it to purchase products goods and services as well :)

1 BTC  ???

If you smart, you could get 2x - 100x based how you use it

Crypto currencies could be $1 trillion in 10 years but that would only be a $50K Bitcoin.   The alternative is to put that money into alternates but that's Russian roulette considering there are 300+ alternates to Bitcoin.

 Technically speaking - you have better odds at playing scratch tickets or lottery tickets as they have often have like $20 prizes that are 1 in 25 odd (versus 1 in 300 in picking a Bitcoin alternerate).

Well actually its more around 800+ now but of the coins that really have a possible future its 20 to 30
Takes a while to filter them out though and some coins have surprising lifespans like Dogecoin etc.

If he can spare the money, then it is a somewhat ok investment compare to equity and bond.

Those bitcoin "coins" are very risky. When you buy the coins from a 3rd party you are essentially buying the private address from the seller. You do not truly know what their security measures are when hiding part of the private address, so they could potentially take the bitcoin out of your "coin"

for real, wake up and smell the coffee. everyone said it was optimistic it would go back to 266, and it went to 1100, so you're foolish remark tells me 5000 is a good target.

Maybe by that time the standard measurure will be the mbtcs and yes, people will pay 100 dollars for 1 mbtc

like other people have said, only invest what you can afford to lose. naturally a lot the feedback you get for this question, on a bitcoin forum, will be positively biased (for better or worse). if he lost that $600 or so, would it have a huge negative impact on him financially? if so then he should tread carefully. maybe invest smaller amounts of money weekly or monthly like others suggested itt.

With only 1 BTC you need ways to make it grow. Alt coin trading isn't for everyone, but it pays really well if you can handle bear markets.

...

If anyone has the money (that they can afford to lose "in case the worst happens with BTC"), then I believe that buying, say, 0.5% - 1.0% of your net wealth into BTC is good diversification.  If you know what you are doing (OROBTC is still a relative beginner), then, sure you can buy more if you feel OK about the risks.

As is gold for diversification.  As are equities (stocks).  Real estate, etc.  Diversification is one of the few "freebies" in investing, you will likely make more, and certainly have less risk of big losses than overly concentrating risk by putting too much into one basket.

Prudent fishez will stay out of debt though...

And what reason will obligate people to change their Bitcoins to USD if every bussines will accept Bitcoin? I don't get it...

Everybody with a computer should have BTC, whatever amount you can afford.

Start by encouraging everyone you know to open a wallet and send them a small amount as a gift.

Investing on to something that you don't know is a risky move imo. Let your uncle know what is bitcoin and how does it work. Let him know what are the pros and cons of buying bitcoin and keeping them as an investment. I would not listen to any other people regarding my investment choices and decisions. I would rather wait and study the thing that I want to invest on than to take someone's personal point of view and use it as a guide. I'm not saying that it's not good to listen to other people sometimes but what I'm saying is that let your uncle study first the thing that he wants to invest on.  There are no guarantees on the cryptocurrency world, let alone bitcoin's roller coaster ride on the market.

Whatever amount you can afford to lose....

If times come when bitcoin realy booms, even 1 bitcoin will become something worth having.

Think of it this way, 21 milion ppl can have 1 btc, 2,1 milion can have 10 btc, and since there are cca. 12 milion milionares (in USD) in the world, that means that 1 bitcoin could be worth 1 mans retirement.
I have 3 btc, sadly cant afford to risk more, and i think of it as a great investment, and if it fails somehow, well atleast i can say that i tried.

Better than nothing, there are millions of people who doesn't know anything about BTC till now.

We are still at the early stage of bitcoin's life, in the future, when the adoption will be completed, they will be valued thousands of dollars.

I believe so too.
Im here for some time now, and i remember when 1000btc was nothing, you could buy / sell withouth even moving the price, and now just 2 years later, 1000 btc is everyman's dream.
I wouldnt be surprised if in a year or two, 1 bitcoin becomes something allmost noone has, and the catalyst in that will definetly be bitcoin reward halving.

That's a possibility, but there's still a lot of risk involved.  If it were a sure thing, they'd already be trading at thousands of dollars.

Is 1 bitcoin a decent and good investment?
I think most of us, Bitcoin users, would like to answer yes but it's very difficult to predict what will happen with the Bitcoin in the future.
If Bitcoin become mainstream, it will surely become good investment, but many other scenarios are also possible.
Some other, crypto currency can become more popular than bitcoin, US gov. can try to stop bitcoin for their own reasons, another global financial crises etc.

Bitcoin can be divided by a lot of factors. I think in the future, we will look back at it dumbfounded about how we were talking in terms of millions (BTC) when the standard in the future will be milibits, satoshis or whatever.
Only whales will trade in terms of BTC's, just like only whales trade in terms of millions now.

If you are an investor with $50,000 USD looking to start a well-balanced portfolio, then 1 bitcoin is a necessary purchase--you'd be foolish not to include it.  Yes, BTC is a very risky asset but the rate of return has been so high that it must take up at least a small portion (say 1%) of your portfolio.  How risky you think bitcoin actually is would determine how much more (or less) of your portfolio it should comprise.

Disclaimer: I'm talking out of my ass and I invest in almost nothing but bitcoin.

to avoid the price fluctuating loss. once BTC payment is received, convert to fiat instantly. The BTC price in the label is auto modified based on the current exchange rate. Actually everything is still priced by fiat.

If you can afford to lose 1 btc then yes, it's a nice investment because one bitcoin could be valued $100.000 in the future but it could also fall to $0.

Despite your disclaimer, that is pretty sound advice, especially for someone who already is fairly diversified in his liquid investments and someone is newly coming into BTC.  The calculations may be different for someone who has already experienced previous BTC price appreciations of greater than 2x. 

I have NOT experienced any significant BTC price appreciation.  Currently, I have closer to 5% of my liquid assets in BTC, and my low investment percentage has to do with my beginning to get involved in BTC in November 2013, when BTC prices were at their previous ATH.  I have been engaged in a form of dollar cost averaging, so currently my average price per BTC is around $613.

It's very difficult question at the moment.
Bitcoin is still on very early stage, not globally accepted so it's impossible to predict future now.
Of course that we hope that value of Bitcoin will rise but even Bitcoin is crypto currency still this is free market, and you must consider this point.
Golden rule. Invest just money you can afford to loose :)

Like most people have said, only invest what you can afford to lose. If that sums up to 1 Bitcoin, then great, hold it for 2 years + and see where it lands. To the people suggesting that someone who could only buy 1 bitcoin, should buy 100....well that just doesn't add up.

Keep the 1 Bitcoin safe, keep it on multiple backups and I'm pretty sure  you'll be happy in a few years when we all start talking in mBTC or less, rather than whole bitcoins.

I believe this thread really is a nice one for those who are middle class and trying to buy at least 1 bitcoin. .

then can be at peace... for their life being secured

If they can wait for another 10 years....

This is exactly a reason why bitcoin is not a good investment. Anything this is new is going to carry a lot of risks.

It just depends on what kind of investment you're looking for.  Usually high risk investments have the greatest potential for high reward.  Bitcoin is a lot like a penny stock that might be worth a lot someday (or, at least it was a couple years ago; it's obviously matured some since then).

What economic activity would cause bitcoin to go up in value like this?

-The USD could be come so inflated
-The population of Bitcoins becomes finite (once all are mined, similar to gold) and more and more people want to own it
-More people want to own and hoard it

All of these reasons could increase the price. But if it becomes an alternative form of currency, for spending, spending adoption alone will not raise the price (unless the USD or fiat becomes significantly inflated).

Anything I'm missing here?

Alternative opinions encouraged...

There's a huge difference you're not considering. Warren Buffet's Berkshire Hathaway earns revenue and pays earnings...this is what drives the price of that stock up. Bitcoin does no such thing, it's not an entity it's a commodity (like water or gold). It doesn't earn revenue. It's not a stock!

According to some investors, they predict BTC adoption could be as much as the users of facebook. And if each adopter, wanted to hold ~$100 worth of bitcoin, the market cap of BTC could shoot up.

Adoption would imply people will like to hold some bitcoin at least.

I think a 1 btc investment is worth the risk. Just be prepared to HOLD and HOLD and then HOLD some more. If you can't afford to lose it then don't bother. It could pay off nicely an IMO its worth the gamble.

Advise your uncle to read a little about it :)
1 BTC is the smallest amount you can invest in. Invest with your two hands :)
I see great future in the coin so I am sure you will be happy with your coin ;)
BTW it is time to buy right now as the price is unbeliveably cheap
BR
Gondel

I highly doubt bitcoin will just be forgotten after all of the work put into that. A very bad assumption and definitely not a 50/50 chance.

I guess it's a better "investment" today than it was last week or the week before.

Its a great investment for a better future....whether its a good investment for fiat returns has got nothing to do with how much you buy, and is something nobody can answer because nobody can see the future.

Generally, buying Bitcoin purely as an investment is probably not a good idea because of the high risks and many unknowns. In fact, it is incorrect to suggest that buying Bitcoin in the hope of future rises in value is an investment at all - it is a speculative trade or a straight out gamble, but not an investment.

You seem to be arguing with semantics b/c a person can allocate the amount of their "investment" into BTC in order to suit their needs and their consideration of the matter by weight all of the relevant factors within the realm of their information.  For example, a person may consider BTC to be part of his/her "investment" portfolio b/c s/he has 10% in BTC 10% in precious metals, 50% in various index stocks, 10% in various bonds, 10% in real estate and 5% in company X and 5% in company Y.  .... or other various allocations according to risk aversion and vision of future probabilities.

If the OP kept his 1 Bitcoin he would had lost money so far.  While there have been many crypto currencies where he would had made thousands so far.

Not like it's hard to guess a winner.  Most of the 300+ alternates are $hitclones intended to be scams.  There's only a few genuine winners out there.

I guess the OP is talking about medium to long term. So whether he loses his money or not, we should judge after ~3 years.

1 bitcoin would be a nice fun introduction to investing, seeing how it rises and drops and the ticker is easy to find. If you are going to get one, make sure you can afford to lose all 626$ of it. It could crash at any time, so only invest what you can afford to lose. Other than that, go ahead!

One Bitcoin is definitely a good investment to be honest and if at the moment that is all your uncle can afford then I wouldn't let him get too down about it as he already has something that is worth quite a bit. If however he did have the cash to buy a few extra bitcoins I would definitely try and talk him into it as it will definitely be worth his while in the long run :)

There are only 21 million Bitcoins to be ever created, there are 5,727,771,964 people living right now in first world countries. So say Bitcoin gets accepted in ebay. Now practically all of these 5,727,771,964 people are aware that Bitcoin exists because everyone and their mother uses ebay or has used it at least once, and they will see the "pay with Bitcoin" button, then go learn what is that. Satistically, a big part of these people will start using it. Having just 1 BTC puts you in the 1% of BTC holders. I think in the future BTC will be the equivalent of talking in terms of a million in current purchasing power of fiat currencies, everyone will talk in terms of mbits or satoshi.
If this happens tho, I hope we aren't old as fuck to enjoy our new found wealth.

Do you realise that money is created by the click of a mouse and that everyone only has some lines of code?

If BTC keeps going up, when will we ever feel like spending/enjoying our wealth?  ;D

Of course it is :-*

One BTC investment at this time will not give you a fortune at any near time.
The BTC value already skyrocketed from the lows. Early birds entered at below $50.
Now the BTC is in the mainstream, even mainstream businesses started accepting BTC.
So, the chances for a multifold increase are negligibly low.
I expect an compounded ROI of 10% to 20% per year in the medium term.
Should have invested three years back. I will suggest you to put 40% in BTC and 20% each in three different alt-coins.
For example, ReddCoin is an emerging coin. There are others too.

Pound for pound, I don't think there really is any other investment vehicle that offers as much potential upside with such a small investment.   If you invest $800 in any traditional stock, bond, mutual fund, etc...you would be doing great if you make 9-12%....that doesn't really get you anywhere.

At least holding 1 BTC you will see some action, and possibly turn a decent profit.   You can also cash it out just as quickly as any other investment (if not faster)

But should relate the RISK of ROI or the I itself when seeing higher %ROI.

You spend it in small increments and you continue to save.  And, if you believe you are going to die, then you spend it quickly b/c you cannot take it with you.


If you are trying to make the argument that bitcoin is flawed b/c it causes people to hoard, then you are looking at the world too narrowly.

Skip the alt coins, unless you really study them.  Otherwise put about 90% or more of your crypto currency money into BTC.

at the moment, I have more than 95% of mine in BTC...

It is likely that BTC will average a quite handsome profit in the coming years in the 100-200% per year range, yet it is difficult to determine exactly the amount that it is going to return to BTC Holders. 

The upside potential remains 10x per year, but those kinds of great returns are in no way guaranteed (but they are NOT out of the question).


Even though BTC could lose value or could appreciate only in the amount predicted by allcoinminer (10-20%)... yet even with a 10-20% return, that would be a very good return.

BTW, even though I have over 95% of my crypto currency investments in BTC, I have less than 10% of my quasi-liquid investment assets in BTC (I have a variety of other index funds)..... .however, nearly all of my new cash that I obtain goes into BTC...  so I expect the BTC percentage of my total investment portfolio to be rising in percentages in the coming years..

There's no substantial ROI left in Bitcoin compared to the risk involved.  Investment gold is only $2 trillion.   If Bitcoin went up 100 times it would be around $1 trillion capitalization.  

If you bought a Bitcoin at $500 and then it hit a capitalization of $1 trillion - you only made $50,000..   definitely nowhere near enough to retire on...   Diversifying that $500 into a dozen promising alternates is likely to reap better results.


Issue of course is nobody wants to do their homework.  Crypto currencies is being treated like lottery tickets by a lot of people.

I doubt that people here are in agreement that 1 BTC would be a sufficient investment for retirement - maybe 10-20 BTC - especially if BTC reaches $1 trillion market cap, as you seem to concede to be possible.  It is also very possible that BTC will reach a greater than $1trillion market cap.... and it is also possible that if people diversify their investments, they still may be able to accumulate more than 20BTC over the years and to profit very well off of the BTC portion of their portfolio. 

Lot's of speculation and lots of potential outcomes.  There are a lot of ways to diversify a person's portfolio, and based on a lot of research, advice and assessment of one's risk tolerance and investment timeline. 

As you seem to have suggested gold as a possible alternative to BTC (or a possible way to hedge one's portfolio), I do NONETHELESS think that BTC has a much greater potential for an upside, as compared with gold. I currently do NOT hold any gold NOR do I plan to invest in Gold b/c currently I am of the belief that BTC accomplishes a lot of the same dollar hedging purposes as gold but BTC is a better investment b/c of its greater potential upside.

It's possible but I am not necessarily holding my breath to see it.  As I said there was that $7 trillion dot com bubble in the late 1990s and in 2008 a $10 trillion housing bubble, and most of that capital was exclusive to wealthy Americans and the odd foreign investor.

If something gained traction around the world and was seen as a revolution then it could hit a foreseeable peak around $20 trillion..  but back on this subject, I still don't think just a single BTC is going to lead to much.

If you just keep this single BTC stashed away, you won't get much indeed afterwards. But provided we're all correct in our guesses about Bitcoin future, the most rational thing to do is to invest some dollars into it on the reliable exchange (well, this is a question per se) with a simple strategy of converting some percentage of your total investment to and fro following price swings which are inevitable.

I'm trying to reach 1 whole bitcoin but I'm stuck to few cents :(

get a coin successfully...

slow and steady wins the race

1 btc is a good start IMO. Who knows someday it will double it's value or anything else?

any amount if bitcoin is good to invest, but I am more worry about your uncle securing the wallet..

I don't have any bitcoin at the moment, but I'm trying to earn something with altcoin trading, hoping to build up one shiny bitcoin.

Most defenitly. I want 1 BTC then save it for 20 years  :D

This is a really long term investment, in this way maybe you will see the peak and the death of bitcoin so
when you will sell them, the gain will be about zero  :D

Let me tell you this way..I am 90% in crypto and 10% in fiat just for paying bills. If i could, i would be 100% in crypto, especially in Bitcoin...in my average puchase price, i am around 400% gain in 1 year...i also gained 2,5% (BIG FUC*ING LOL BELONGS IN HERE) in 1 year investing in bank related investment product ...it ALWAYS depends on the fact, how big risk you can take and handle...I want to be rich ass fuck  ;D but i accept i can lose all money for it. So that is why i put 90% of my earnings to BTC..but it's just me 8)

1-2 bitcoins can be a good bet. Beat wasting money on lottery ticket.

Can't go wrong at all with just 1 bitcoin and I would definitely say is a good investment. Of course more bitcoins is better but if all you are able to invest in is one then it's better than nothing right?

So what is your investment timeline?  And how many do you want to accumulate?   

I am different from you but also similar to you.  I am different b/c at this point BTC represents less than 10% of my total liquid investments.  I am similar b/c almost all of my new money is going into BTC, so my BTC percentage will be increasing. 

I am hoping that my total BTC allocation is going to increase based on BTC appreciation - rather than based on my continuing to invest fiat into BTC.....  but I am willing to continue to invest fiat into it, so long as it remains a viable and apparently appreciating asset...  Only time will tell how the portions of my assets will be redistributed, yet the sooner the better that I would like BTC value to represent more than half of my liquid assets... again hopefully based on BTC's appreciation.

I think It is, you can at least expect for your investment to double up. But you should never invest your money that you can't lose.

That is how I tend to invest into BTC b/c i have less than 10% of my liquid investment assets in BTC; however, there are quite a few BTC investors that have put nearly all of their investment into BTC - and some have gotten very wealthy with such tactics...

The money that you plan to spend at a casino in Las Vegas, put that in bitcoin.  :)

I'm saving 50$ each month to try to build one bitcoin but I fear that in some months the value will be too high.

Your grandsons will be rich  ::)

In which case the $50s that you invest will hit the roof.
So you would have a sizeable sum, even if you don't have 1 BTC.  :)

This is called dollar cost averaging. When you buy over time, sometimes the price will be lower and sometimes the price will be higher. This will prevent you from spending all of your investible money when the price is at it's peak, but it also means that you won't buy when it is at it's lowest. IMO this is a very good way to invest in anything over the long term.

It is a high risk investment. So the answer is no.


For really long term investment, gold is still better than bitcoin.

In which terms.

Security? (stable prices, unliklier to get stolen) yes
Risk/Reward? Definately not.
Liquidity? Definately not.

Don't "convince" him of anything. First of all, although maybe not outwardly do it, he will blame you if bitcoin crashes. Let him invest with what he is comfortable investing. Let him know of the risks.

DCA is a good strategy regardless of what some investment pundits say about going all in at one time
Anyways best of luck with your task mobius it should be possible to get to 1 bitcoin at that rate if you combine it with some minor revenue generation here as well.

If not and the price booms a bonus since it will have more value ^_^
If it drops over the next few months your position will be for the better.

Essentially said "Uncle" will be rewarded when/if Bitcoin hits $1 trillion capitalization.

There's a realistic chance of it happening but no guarantee yet.  It would be nice to see Dot.com styled money ($7 trillion in the late 1990s) but there's no signs of that happening yet.

Hard to say what's going to happen with crypto currencies.  It's the uncomfortable truth but maybe the concept is good but the deliverance is bad.  Don't forget that Ripple came before Bitcoin and went no where and still hasn't go anywhere (if you took away the 97% premine Ripple is worth very little).  The myspace comparisons could be correct in that Bitcoin could be replaced by an unforeseen alternate which is better at advertising or is more accessible to use.

Yikes, people didn't lose money when myspace lost out to facebook.
There will be a lot of people who will see their dreams dashed if some altcoin emerges as the bitcoin-killer.

I have only 0.004btc but I'm trying to gain 1 btc in the future thanks to human minable coins.

That is a true bitcoiner spirit...we are all early adopters, watch it worth a million dollars in future

You might wana look into MotoCoin then. Afaik the first real human minable coin.

1 Bitcoin is not really much at all you should look at other altcoins and reinvest to double or triple your investment. Sadly I made the mistake of blowing all my coins gambling whilst fun you always end up with nothing.

I didn't say this is something that I am pursuing, I am just explaining what the OP should do. Most investment advice out there that is sound will generally recommend dollar cost averaging for the retail investor as they likely do not have big lump sums to invest all at one time.

Be very very careful about investing in alt coins.  If you hit one right, you could indeed make a lot more.  But for every alt coin that succeeds at least somewhat, there are many more that utterly fail (both as coins to mine and coins to trade).

Wouldn't hurt having one lying around, I just to. But I spent most of it, gonna get there again tho :)

Same here. Have a fraction of a BTC currently. But hope to get there soon.  ;D

Why not keep 100 Litecoin instead of 1 Bitcoin, more upside :)

Quantity or price per coin doesn't indicate greater upside potential. Adoption, ease of use, infrastructure of either coin are indicators (or at least better indicators) of upside potential. Do any retailers currently accept Litecoin? I don't know of any and that's probably the biggest indicator of near term adoption, which would motivate people to buy LTC and potentially increase it's value.

In my opinion yes, diversify it and don't invest it all at a 1 option. check the other threads and you can see you have many options choose from in what type of investment.

The risk is high but the reward could be much more high than an investment in gold.

The most likely scenario would be that any replacement of BTC by an alt would NOT occur over night.  Accordingly, astute BTC investors will be best served to pay attention to up and coming seemingly competitive alt currencies... accordingly, if BTC investors were to identify an up and coming competitive alt currency, then the BTC investor could hedge his/her bets by transferring over some, if NOT all, of his/her bitcoin investment into the up and coming competitor currency.

With any market, investors bet on probabilities and likely outcomes and sometimes momentum (what everyone else is doing)...

I am a believer in diversification; however, in the crypocurrency word, btc is currently king for longer term and potentially stable investment.... and accordingly BTC is the best game in town... unless you have some insider information about some other alt currency..   Also, the idea of diversification relates to building your financial future in other ways besides crypto-currencies. It can be risky to put all of your assets and time and engergies into crypto-currencies; however, if you end up being correct, there could be a considerable payoff.  

ON a personal level, I have less than 10% of my liquid assets invested in BTC... but I  have been investing for about 30 years, and I have NOT yet been invested in BTC during a price bubble...

1 btc is decent investment. Rest assured that he owns 1/20M of total wealth some day in the future.

1/21M of total money supply, not wealth.  ;)

In either event, an investor should NOT place all of his investment in one basket - eg investing 1btc in BTC... and dollar cost averaging is a much better way to shore up your bet(s)... whether you are betting on BTC or some other assets... you would bet what you can afford in any of the areas that you deem are probable good bets... and/or stable bets.. maybe a little of your assets in each class of assets..  and at this time, 1BTC seems to be way too little for most purposes...  unless there remains a lot of luck..

1/21M of the wealth that 21M bitcoins can buy. ;)

As time has gone by, I've become more and more convinced that bitcoin is here to stay as the main cryptocurrency.  Some of the alt coins are already better in a lot of ways, but they aren't even close to dethroning bitcoin.  If anything, it seems more likely that alt coin improvements will eventually be integrated into bitcoin to make it better.  But of course I could always be wrong. :)

Ah.... the advantages of open source.

Some improvements simply couldn't be integrated into Bitcoin without affecting interests of all Bitcoin holders. This would be equal to some major monetary reform involving changing one currency for another. And Bitcoin after that wouldn't be the Bitcoin that we know of today.

And without even trying you lower your average purchase cost because you buy more when the price is low and less when it is high.

Yep DCA should work fine the only real issue is when there is a rapid increase in price
Say buy 50 dollars worth at 90 dollars/coin then 50 at 250 dollars a coin then 50 at 125 then 50 at 400 then 50 at 250 then 50 at ...

Actually that might have worked pretty well for them considering Bitcoins price history lol.

Good strategy in volatile markets.

Buying 1 bitcoin should be considered insurance rather than investment. Same with gold.

It is a way to insure against total economic collapse.

Whether you call it insurance or hedging your investment bets, it amounts to the same thing, so long as all of your eggs are NOT in one basket.  On the other hand, if you hedge too much, and fail to invest sufficiently, you will miss out on opportunities to dramatically increase your holdings... that is the risk of poosy-footing around too much and failing/refusing to take some risks.

My opinion, condensed as simply as possible, is that Bitcoin and cryptocurrencies in general are an extremely unique and rare investment opportunity.  The potential payoff from this type of investment is enormous, and so I think it really boils down to two questions:  1)  Can you afford to lose whatever money you put in? and, 2) Can you imagine any other way to invest the money you can afford to lose that will leave you feeling more confident and/or satisfied with your investment?

The second question is really about your preferences and what you're looking to accomplish.  If you're the type of person that likes to be able to predict your investment returns within a reasonably small margin of error, you might want to look elsewhere.  An extreme example of this type of passive income model would be putting your money into a bank savings account with a known interest rate, or to a lesser extent investing into dividend stocks with a known payout per share.

If on the other hand you're the type of person that can cope with risk well and don't mind the uncertainty of your investment because your uneasiness is easily countered by your hopes of insane returns, then investing into BTC might be for you.

If you want to play it a little safer but still invest, why not take a small percentage (e.g. 1-3%) of every paycheck you receive and invest that money into  BTC on a biweekly or monthly basis?  This will allow you some room to modify your position on the fly as the market continues to evolve.

Whether BTC is a good or bad investment is ultimately an unknown.  However, I think it's quite apparent that decentralized cryptocurrencies in general are causing a global stir, so I would say that finding some way to invest into *something* BTC-related is a good investment idea.  I think at the very least it deserves serious research and consideration.

Betting on bitcoin should be considered gambling rather than an investment.

Investment is something that has return of investment based on profit and yield on an asset.

I generally agree with this, but as time has gone by, and especially after seeing how market sentiment responds to BTC endorsements and condemnations from various governments, I think that a government- or corporate-issued cryptocurrency would stand a better chance of dethroning BTC, especially if the majority of people don't mind government issued money.  I think that last point is debatable.  Referring back to one of your recent posts, I'm thinking of the 'average Joe' who probably just cares that his money and whatever service he uses to transact with it both work.

If 1 bitcoin is all you can afford, it is decent enough. Ten times more decent than anyone who owns 0.1 of a bitcoin. You are not going to get rich with 1 bitcoin, but it is a good investment. You should be able to buy something nice in a few years' time.

Gambling and investing fall on the same spectrum.  Some investments are simply more predictable than others.  At one extreme, you have a coin flip which, though having a known probability of landing heads or tails, is a pure gamble.  At the opposite extreme, you have investment into a bank savings account with an exact known compounding rate of return.   Most investments fall somewhere inbetween.  The main difference between investing and gambling is that, when you invest, you have information available to you that, if interpreted correctly, will give you sound insight into outcomes that have not yet occurred.  If. for example, you found out some additional information that a coin that's about to be flipped was modified to give it extra weight on the heads side, then you would know that it's better to call tails.  If you call tails every time with that coin, you will be correct more than 50% of the time given infinite trials.

Investing in Bitcoin in some ways isn't any different than investing into a stock.  When investing in company stock, you research the company (e.g. infrastructure development, company profit model, competency of executive employees, etc.).  With BTC you can research market charts and graphs, sample community sentiment, research infrastructure development and adoption rates, etc.  It's obvious that BTC carries more unknowns and more risk, but it's not a coin-flip gamble.

I will own 1 btc in september (now I have 0.9), then I'll hold it forever hoping it will be a decent investment.

I think it is better to hold 1 BTC than 600 USD in saving bank account.

With USD inflation you loose a bit even if you get some interest in saving bank account.
With the adoption of Bitcoin happening right now it is hard to believe Bitcoin will loose value, at least short term (next years)

Bitcoin in itself is a risky enough investment to worry about investing in altcoins. There isn't a single altcoin besides Monero (and it would be a secondary altcoin) that's worth holding long term, absolutely no other coin has a point to exist, beyond pump and dumps (fuck my life, didn't bough on that Supercoin thing.. but then again, it's just all a lottery).
So yeah, focus on dollar averaging on BTC.

This is a good explanation b/c dadugan was over simplifying the matter and suggesting that bitcoin is a game of luck.   Even though there is some luck involved, bitcoin is NOT such a game of luck, unless you do NOT know anything about it. 

If you randomly chose to invest in some of the alt currencies, then that would be more analogous to gambling - unless you did some research on them and chose according to the results of your research.

GiveBTCpls: 

What's your current investment plan in BTC...?  Are you following the DCA plan?  Will you have 1 BTC by the end of the year, or sooner?  How much are you putting in and how frequently? 

Currently, I put in as my cash (fiat) comes in.  So, whatever that I have left after my expenses goes towards BTC... So on a monthly basis, I am probably putting about 20 to 30% of my income into BTC.. and I am trying to time my purchases for the dips in BTC prices.. so I always have some fiat in reserve, just in case there is an additional dip in BTC prices.

I have less than 10% of my total liquid assets in BTC... but I am working on adding to my BTC proportion of my investment portfolio, and if BTC prices appreciate considerably, then I am going to allow BTC to occupy a large proportion of my total investment portfolio.

~10% is a significant amount of your portfolio. Your risk appetite is very large.  :)

I have quite a bit of confidence in the probability of a future appreciation in BTC prices. 

Actually, I was considering redistributing more of my investment portfolio into BTC, but at the moment, I am a little nervous about that b/c I am also trying to juggle a few other things in my life.. and I am concerned b/c the portion that i was considering redistributing from the stock market (more or less) into BTC is currently in a retirement fund.  I may still do this redistribution in the future, but at the moment, I am going to wait with that action.

I don't think 1 BTC can be a bad investment.   You really don't stand to lose very much money if things go south, but there is still so much potential upside.  There isn't another traditional investment out there that can outperform BTC (during price runs)

Then again, we don't know hold old OP's uncle is (whether he is a long term investor) and what portion of his net worth would be used to buy 1 BTC.
We don't want somebody going all-in on bitcoins and then witnessing a drop in the price.

1 BTC is kinda small if you want to make it grow, I think investing more is better.

I agree, I think 10% of your portfolio would probably be too much to put in your portfolio for such a speculative asset type. If you were able to acquire bitcoin at a very low price (from several years ago, or via mining several years ago, for example) then it would be a different story. 

I am glad that you are apparently concerned about me, Mobius....  :D :D :D   


I think that each guy/gal is going to need to measure for himself/herself regarding comfort levels of diversification of investments, which is going to be based on a variety of factors including age, types of assets in investment portfolio, quantity of assets in investment portfolio, goals (including lifestyle concerns), risk tolerance, and as you said whether they have already experienced BTC appreciation.  And, likely other factors.....

Actually, I have NOT yet experienced BTC appreciation, so accordingly, if the BTC appreciation comes, then I expect my BTC portion of the allocation of my investment to increase considerably.... potentially greater than 50%. 

Now, whether these kinds of allocations can work for other people will also depend on similar kinds of considerations, as I have outlined above.  Another aspect, which is implied in any financial planning discussion is whether or NOT a risky asset class or set of asset classes has the potential to lose a large amount of its value.. and the need for investors to be prepared for such loss of value... And, in that regard, some investors could be or become overly weighted in a certain asset class or set of asset classes.  I consider BTC to be a hedge against the dollar, and almost all of my other quasi-liquid investments are largely dependent upon the ongoing success/valuation of the dollar.

Whatever you invest in Bitcoin is at risk so you should only invest in what you can afford to risk or are willing to risk there is no difference in buying 6 bitcoins and losing it all than buying 1 bitcoin and losing it all.

*note: the following is not investment advice and I am not a professional investment adviser.

    
Is 1 bitcoin a decent and good investment?
-------------------------------------------------


 YES! It is an extremely timely, wise and most prudent long term speculative investment for
anyone that can afford to place that much money into a single bitcoin, or even into half or a
quarter of a bitcoin.

 I wont bother going into details: Do your own due diligence. I wont bother trying to convince
doubters either.


 But imagine this much:

 Monetary Reforms and the Digital Monetary Decentralization Revolution is here, like it or not.
And we wont surrender no matter what. We're not going back to being financial debt surfs
and slaves again. Yes, we may have to endure also utilizing "legal fiat" for a very long time to
come. But the new "Digital Gold 2.0" is in fact Bitcoin. Even many Goldbugs, Libertarians,
Conservatives, and Progressives all agree on this much. Much less us lifetime Independents.


As for speculative investments:

 Does anyone here wish they could go back in time and invest in Microsoft or AOL, or a long list
of other hugely successful investments long before they matured. Well here is your once in a
millennium chance at something much, much bigger. Yes, there are risks, no it's not assured.
But yes, this is the Real Deal. And if somehow Bitcoin and it's clones are fatally flawed then it
will be their successors that ultimately succeed. But we're not going back to being fully enslaved
monetarily speaking ever again. In other words: The Genie is out of the Bottle, and she isn't
going back in ever! (the truths about our monetary enslavement is now increasingly better
known and understood. Finally extremely prudent and viable solutions have been found and
implemented: i.e. Bitcoin et al).

 Monetary Decentralization with Bitcoin leading the charge is vastly bigger than the entire
Internet Revolution (my own logical, rational belief) and will do more for all of Mankind (because
of the internet) than anything before it over the next century(s) directly ahead.

 Bitcoin is Freedom.

Monetary Freedom for all Mankind.

 Bitcoin is extremely likely a BIG part of the Future.

 We're breaking the financial chains that bind us all into Private Banking Cartels debt-based fiat
currency bondage (slavery) all the way from our baby cradles to our graves and beyond.

 Governments have already figured out they cannot hope to stop this monetary revolution, and
are getting ahead of it instead, as much as they can. Most of them also realize this is a great
thing and not to be feared by them. Governments can surely still issue their own legal tender
currency, or stay enslaved to their Bankster Masters as they so desire in those horrendously
flawed debt-based enslavement schemes and scams.

 'The power of government is the illusion that they have the authority, and if we ignore it, they
have no other choice but to go along to appear to be in control'.

 We The People are breaking free of that debt-based-monetary-bondage as much as possible.
And we're not asking for nor seeking permission from anyone, and wont be surrendering our
efforts ever.


A few tips
------------

No Matter What: Don't panic sell. Don't be too greedy. Don't be fearful. Don't be too brave.

 Your in this for the long haul, you are aware that there are extreme price swings on the way to
long term Bitcoin Price Maturity that is at a minimum at least several years away still, and possibly
still more than a decade away.

 So stay "All In" until the "finish line" many years or even a decade or two away. Don't sell or spend
your bitcoin investment savings, just like one wont dare sell their gold bullion coins unless they have
absolutely no alternative but to do so during a personal financial emergency.

 This speculative investment is for your future, not the present. This is for building long term financial
security.


 Just note the following:

 No matter what obstacles are tossed in the way of Bitcoin itself just laughs, shrugs, and keeps plowing
right through all of them. Nothing and No One can ever stop Bitcoin. It's an unstoppable (decentralized)
force spread out all over the globe.

Never surrender. This is for our monetary freedom. Our futures. Our children's futures. And for future
generations too. This is History.

Don't insecurely store your bitcoin. And be redundant, and be extra smart in all your efforts; i.e. cover
all your bases.

 A single bitcoin may be worth hundreds of thousands or even millions down the road, maybe as soon as
several years to a decade or two down the road, it all depends on how much of the global monetary
marketplace that Bitcoin ultimately dominates that will determine it ultimate price maturity level.

 Think in terms of "bits", not in whole "bitcoin" terms. There is 1 million "bits" per bitcoin. In the future
items will be priced in "bits" of a bitcoin, not in whole bitcoins. In fact already that's beginning to occur
and soon will be commonplace.


 0.000001 is one "bit".

With one "satoshi" being 0.00000001

Or 100 satoshi's equaling 1 "bit".

Soon, very soon, satoshi's will be the new penny, pence, yen, etc.,

and bits will be the new dollar, euro, pound, franc, ruble, yuan, etc.


 We're all extremely fortunate and hugely lucky to be given the chance to make history and in doing so
have vast monetary returns. A single bitcoin could ultimately make one's retirement and financial future
way better. Toss in that a few bitcoins, or better yet a half dozen or more bitcoins may end up making
things materially much different for oneself a decade from today.

 At $600 today a bitcoin is on sale for what I consider to be half price. It's a bargain at today's rate. Fair
market value for a single bitcoin in August 2014 is about $1000 imo, not $600. So at least at this
purchase price point one is not buying in at the top of any price rally which is the 1st thing most
investors do wrong (buying at the top of a rally only to have to sweat the correction and long run to
where their finally making solid gains).

 Just don't panic sell, and don't sell no matter what. Think of this as a locked in ten year retirement plan
that cannot be touched and one is apt to be hugely rewarded. Even a quarter of a bitcoin could end up
being worth a whole lot of money in a decade from today. Of course I would suggest putting the
equivalent of at least $1000 to $1500 in bitcoins today at their current pricing level as one's speculative
investment just to have a decent shot of extremely large capital gains far off in the future.


About me: I am invested in bitcoins, and not hardly at all in any fiat currencies anymore nor their bond
equivalents except for what's termed "demand monies" that are spent within the next 30 to 90 day's
time. Only hard assets such as bitcoin's are my stash from now on. Fiat keeps being devalued and
inflated away in this insanity termed QE to ~, et al, where as Bitcoin and other hard assets keep
becoming more valuable in fiat currency terms as time marches on. It only makes sense not to stay
invested in any depreciating assets such as any debt-based fiat currency scams & schemes that should
have long since been made patently illegal.

 After all; counterfeiting is treasonous and highly illegal. And the USA's Constitution itself state that
serious counterfeiting crimes carries a penalty up to and including  the death penalty. Yet our bankster
masters get away with that, and their systemic frauds and other  serious felonies on a daily basis. We're
going to end all of that and more with Bitcoin. Just like governments may need their own legal tender so
too do All Peoples need their own secure, safe, digital, store's of value that can be quickly utilized.
 
Bitcoin is pure genius.

*Again, Note: This is not investment advice and I am not a professional investment adviser.
*Do so only at your own risk.

Best Regards,

+1 ... Yes!!! Thanks Slingshot... Definitely lots of good points to provide explanations about why bitcoin is currently a good investment and a good price and has a good chance at continued exponential growth in the future.

I do think that the point, too, is to invest what you can into BTC, and even 1 BTC could be a good investment... yet personally, I think that one should be attempting to acquire more than 1 BTC... but the reality of the world remains that saving becomes very difficult when you are forced to use a large percentage of any cashflow that you have in order to meet the expenses of daily living.   

NONETHELESS, everyone should attempt to create and/or maintain a regular savings/investment plan, and BTC seems to be a very good value and a very good place to put your savings (even if it is only $10 a week or some lower quantity).  In any event, as suggested by Slingshot, it may be better to get started with your investment in BTC by front loading your investment to some considerable extent, and then thereafter to continue with a $10 per week or other "reasonable for you" continued weekly investment plan.

Every day more businesses are accepting bitcoins. It's an expanding universe, ofcourse with pullbacks when it goes too fast. Enter the market well after a pullback and you be sitting pretty even with 1 or 2 btc's.

Yeah! anyone not owning a btc in 2014 is missing out

Don't miss the bus while waiting for a pull back!
If btc does go to $1000, it doesn't matter whether you entered at $500 or $600....

The difference would be 5 BTC and the amount of fiat money lost.

But true, if you invest X% of your wealth, it doesn't really matter how much BTC that are.

Exactly, people forget that if you invested 500$ 3 years ago you would have a nice amount of money now.

Same is happening now, if you invest 500$ now and the adoption keeps the same pace, you will get a nice chunk of money out of it!

People who mined using their PCs a few years ago are sitting on a pile of cash.
That is unlikely to happen now.  ;D

That is true, because the environment of mining changed. The investment part, didn't.

nice and good

I agree with this
Do not push yourself to investing, you have to think about what if you fail to make profits.

Not only that, you need to look at the scenario where you invested money is GONE. 0$perBTC. IF you feel comfortable handling such a situation, then go on :)

This isn't necessarily true.  Bitcoin is certainly being adopted by more and more people and businesses, but it's really hard to predict what would happen in a total economic collapse.  Bitcoin isn't widespread enough yet to survive on its own.  You can't go to any local grocery store and buy bread with it.  If a major economic collapse happened, it's possible that many people may sell their BTC so they can buy necessities with their local fiat.

Yeah I personally think that bitcoin will be worth a whole lot more in the future.
That is... if bitcoin is actually being accepted until then. It might be blocked somewhere, or a decisive 51% attack may destroy it.
I guess it remains a large risk to buy a bitcoin. But if you can miss it it would surely be worth the gamble in my opinion.

Invest the half in bitcoin and half in wine. wheter its going down or up you will have a funny time  ;)

HAHA. So, in other words you want the OP to bet that bitcoin will at least double in price, and while experiencing his endever with bitcoin you want him to get drunk in the process. Sounds like a good time for me (but his is an awful lot to spend on alcohol).

if it's your first investment its a good one. My first investment in bitcoins was when i also bought 1btc via western union which I was worried about because that was all the money i had (lol). However, it turned out to be one of the best investments making around a nice £300-400 profit. :D

Not trying to encourage anyone to invest, but at these $500 prices, I wish I had more to throw in.

There has been a lot of volume in the last couple days.  I'm hoping we just saw capitulation around 500, and that we've just started a new upswing.  After we couldn't get up to 700, we really needed some kind of market reset to get things going again.  Hopefully this was it.

must be prepared to invest the first time is our psychology, must be prepared to huge profits and huge losses sometimes, in investments not at any time we get a big profit, hopefully in investing you would benefit greatly ...  ::)

Some time in the future, we may all end up envying the OP's uncle!!

1 bitcoin is better than 0 i think it is a good investment

and 2 is better than 1 and 3 is better than 2... etc etc... .. The ultimate question depends on a person's budget... So if a person is continuously investing a "small" amount within his/her affordability, then that small amount will add up over time.. and hopefully more greatly appreciate in value than other options..

I think your uncle was right about his saying.

Invest 10% of what you could happily lose. If you really believe it's a good investment.

For me, bitcoin is a good investment if you have a lot of real money in your account/pocket. But if youre relying your whole life for bitcoin to soar up then I think its a very bad move. Invest in bitcoin with your spare cash and dont depend on it.

bitcoin is speculative. I'm not sure I'd call it a 'decent' or 'good' investment.

It's pure speculation, I think a lot of money can be made in the next generation of serious alts.

A lot of money can be made, and a lot of money can be lost as well.  :(

What are serious alts? lol.

Bitcoin value will rise with time, it has been developed in that way, if it won't fail of course.

Just think; there will only be 21,000,000 (21 million) bitcoins in total,
while the global population is roughly 7,000,000,000 (7 billion).
If bitcoin gets shared equally in one seventh of the total population  1,000,000,000(1 billion),
it means that each human will get 21,000,000 / 1,000,000,000 = 0.021 btc.
If you own one btc, you will have 1/0.021=47.61 times more than the average.
Please note that my estimation is conservative, as I used only one billion people adoption.

Even though you suggest that you are being conservative by only projecting a 1/7 adoption rate - however, your estimate remains too speculate and too pie in the sky if you cannot put it in some kind of timeline..

1 year, 10 years 20 years , 50 years, 100years...? 

Actually if the time line is 50 years to 100years, I am 99% positive that I will be dead by then.... and probably a lot of other persons participating in this thread will be dead also (or at least NOT in the best of shape to enjoy considerable wealth). 

In that regard, I believe a 1 Year to a less than 50 year projection would be more practical than describing NO timeline at all.

Bitcoin adoption will be much faster than 50 years. It will be more like 10-20 years.

If you but 1 whole bitcoin now you will be rich in twenty years from now just by holding it.

OK>.. so is that what tsoPANos is saying regarding his prediction?  In about 15 years 1/7 of the world's population will adopt bitcoin in some kind of manner?

this is the problem. 20 years is a very long period.

It for sure is longer then 10 years, but not as long as 40 years.

It can be a realistic prediction, probably in some years most of the people will know about bitcoins.

1 bitcoin is good enough to keep for many many years, just keep it at cold storage..

Maybe hold half of it and then invest half of it.

Decent yes but good no.. Do not invest all you got.

Right.. You can either lose or get some in your investment but do not lose everything. Bitcoin has a great concept. Losing investment will make you hate it.

Well, who the fuck would have predicted computers would get spread SO FAST, same with internet, same with phones... technical disruptions happen insanely fast.

We are in the low part of the S curve, in few months things will start to go faster than ever.

I can not see a better investment than that, if you do tell me.

in that case i think it is better to invest in antiques.

When the ETF will be approved, 1 bitcoin will be valued more than 10,000$ in my opinion.

You do not think of the amount you invest, just make sure that the place you invest it in is a good place to start your investment.

If it will happen this year i doubt will ready that number.

College bowl game, the word bitcoin will be discussed in roughly 50 million households.   8)

if bitcoin becomes the worlds most used currency, which might happen in a few years/decades, even as 'little' as 1 bitcoin will make you the top 0.25% at least.

I seriously doubt it will become the worlds most used currency even within our lifetime but even if it becomes widly accepted worldwide it will probably make you very rich.

We'll be talking in terms of satoshis, BTC will be for the top 1%. Thats why should start lossing the BTC thing soon in exchanges asap. People is scared to buy BTC because some of them don't even know it's divisible, so they think "fuck, how im supossed to spend 500$ on the fucking thing... screw it" and end up ignoring it. If we had mBTC or whatever, it would be better.

You are correct that quite a few people think like that and NOT really understanding the divisibility features/conceptualizations - especially while they are still becoming acquainted with BTC. 

One way, as you suggested, is to work with mBTC rather than BTC or even smaller units; however, another way is just to educate people a little more thoroughly about the concept(s) of divisibility and other potentially confusing aspects of crypto money.

I seriously love your attitude

There's a huge difference from few years and few decades :)
I hope they will be valued something more in a couple of years!

Most people will never own 1 btc, this is a fact. So do the math.

Even though you do NOT describe exactly what you are asserting, there seems to be a lot of assumptions in your statement... and in that regard you seem to be assuming that 1BTC is enough - without providing a timeline or any idea for what a person would expect to accomplish with the 1 BTC in whatever timeline that would be.

Half a bitcoin is also a good investment as long as you invested it in a trustworthy company. :)

Might as well do something else with the money if you only invest in 1 bitcoin.

So true.

once again, you people blindly believe the price will go only up.
im not saying that will not happen, but is is only one of the possibilities.
1 btc sounds like a good investment if it realy shoots up, also if it fails, its not much too loose it either.
cheers

"Investing" in bitcoin is not a good investment.

Yes, it is the investment of your lifetime. Hold for 20 years then retire in tranquility as a crypto lord.

20 years! I think they have not yet developed a fully functioning and safe cryostatis pod

Exactly. If you were to "invest" in bitcoin then you would be doing nothing more then speculating, which is exposing yourself to significant risk

So are you saying that investing in bitcoin is not advisable? Are you joking?

Yeah, whats a better fucking investment then? (not sure if you are being sarcastic or not)

This. Jesus fuck, how is it so hard to understand.

that why mining must stop (the 25BTC per 10min) at the end to permit to the early or big holder to sell and use the coins ...

Bitcoin and all crypto currencies are a very speculative investment. I would agree that it is not a good idea to "invest" in bitcoin. I do believe that the price of bitcoin will likely rise over the long term and that bitcoin will likely be successful. I also believe that bitcoin is not without risks.

The minting will stop eventually. Mining is to keep the network safe.

I agree with this. Bitcoin is still very speculative and is not guaranteed to increase in value.

People should buy bitcoin if they intend to do something with it (generally spend it on something)

You guys/gals/bots are full of shit and lacking in creative thought if you cannot consider some means upon which to incorporate bitcoin into some kind of investment portfolio. 

Surely, there is risks involved with including bitcoin in such an investment portfolio, especially if BTC were the only asset contained or contemplated in your investment portfolio..

Therefore the incorporation of creativity into your conceptions about investment strategies would allow for scenarios in which BTC were NOT the ONLY asset contained in a person's investment portfolio..

In sum, Think about it and try just a little bit to be a little creative, ... that is if you are NOT merely trolling this thread with those kinds of stupid-ass ideas that are suggesting that BTC is not a good investment.  Get real!!!  ::) :P

You just have to look at the pricechart over the last 6 months.  :)

And, how would it help you to look at ONLY 6 months of an asset that has been in existence for a little more than 5 years and has more data than merely the past 6 months?    NOT making too much sense to me, at the moment... so please explain..

Indeed, in fact, its the investment of your lifetime.

Yes... it is a good investment.. It doesnt matter how big your investment is as long as you invest it good.

It would show the volatile nature of Bitcoin.  :)

So fucking what?  Six months still remains only part of the picture, so if you selectively pick the last six months as your focal point, then you are getting a very incomplete picture.  I will concede that even though you see some aspect of volatility by looking at the last six months, that picture remains very incomplete - by focusing merely on the past six months, no?  It seems that an investor who wants to be somewhat informed about his/her investment is going to need more than merely looking at the past six months to decide how or if to invest... including if NOT to invest... and maybe comparing what would be a better, if any, place(s) to invest.  Personally, in part based on volatility, I would recommend NOT to invest everything into bitcoin but instead create a diversified investment portfolio and allocate your investment into BTC based on a variety of factors including but NOT limited to your risk tolerance, amount of finance available, other investment assets, view of probabilities concerning various asset classes, including bitcoin, your personal time-line, etc. (NOT just looking at the past six months of BTC's price performance).

Just decide What amount of bitcoins you would like to invest,make sure your happy to potentially Lose that amount,And go ahead and invest Into Other alts And Try and make some profits..

Who said anything about other alts? 

BTC is the main game in town in the crypto sphere....

In other words, merely because some one is considering investing into BTC, that consideration does NOT necessarily mean that they need to give much if any consideration to any other cryptos (at this time), and if these people considering investing in BTC are going to diversify their investment portfolios, then they should be considering other non crypto asset classes.

The big picture may include a much greater drop or even a catastrophic failure. This is a social experiment in uncharted waters. I think bitcoin will rise in the future, but that means nothing.
When people here say "invest" they really mean "speculate". I don't know, but I think that at this point most people who speculated on BTC have lost value. It may ultimately be profitable, but it must be considered risky at this point.
By all means do as you wish. However you are not going to get much sympathy if you are buying bitcoin with money you need. Plenty of people here have messed themselves up financially trying to get rich with something they barely understand.

But as soon as you understand, you only want more.

You are responding to my post; however, it appears that you are merely selectively responding to my post and reading my post as you wish.

Within this thread, I have made several posts, and none of them discount the volatility or the risky nature of bitcoin as either an investment or a speculative asset.

Along these same lines, your post seems to either assume or to highly suggest that investors are going into any bitcoin investment in a "balls to the walls" sort of manner. 
Surely, I have met and even encountered quite a few people who seem to think in these kinds of terms, but in my thinking, this is NO way to go about investing in bitcoin in the last 10 months (or at least between about early December 2013 and about April 2014.  During that time frame, anyone who would have researched a little bit into the price history of BTC and its recent performance should have recognized the volatile nature of BTC as an investment. 

However, since about April 2014 and thereafter, there may have been some decent rationale for investing "balls to the walls" in BTC - since by April-ish 2014, there had already been a considerable price correction from the previous price bubble (that occurred in November-ish 2013).    Anyhow, each of us need to individualize our choices and our investment strategies in regard to whether and how to invest (or NOT to) in BTC.

And, as a large number of informed persons regarding BTC have concluded, it seems to be a good thing to incorporate BTC into ones investment strategies (even if only in a relatively small way, such as 1 BTC).  I personally believe that any investment portfolio should shoot for acquiring at least 10 BTC at todays prices - but this investment could be spread over time, and may need to be adjusted based on future BTC price performance, and/or changes in BTC fundamentals and/or the individual investment method that a person chooses.

The price doesn't seem to reflect that.  ???
A lot of people seem to be only selling.

What is your source that a lot of people seem to be only selling?   

Do you really believe that price reflects adoption rate?

Maybe you should explain how you arrive at your conclusions that people are only selling?

For example, account for the sales actions on the exchanges.  What do you see occurring there?  Have you watched what happens there?  The price goes down $3 or $5, then all of a sudden somewhere between 100BTC to 3000BTC are dumped in a matter of minutes.  Does that kind of exchange BTC sales dynamics establish that a lot of people are getting out and causing the price to go down?  Explain, within your people getting out theory, if you can.

all depends on the price of the current exchange bitcoin, bitcoin exchange if the price was high then it is worth to invest in, but if the bitcoin exchange rates are low, then you should still hold to sell and still collect bitcoin bitcoin sebanya much, if high prices you can sell it back ...  ;D

That makes a lot of sense.  You must be using google translate..  :D

I recommend everyone to buy at least a very small amount as some kind of lottery ticket (or call option) without expiration.