Bitcoin Forum

HELLO,

I WANT TO KNOW BITCOIN IS GOOD FOR LONG TERM SAVING PURPOSE ?

Let me check my crystal ball...

...Okay my crystal ball says maybe

 :D

YES, IF YOU AWAY SECURE MANY BITCOIN LATER YOU HAVE SAME BITCOIN!

I want to know what is price for the end of September, 2012 I want to hold 50 bitcoins for avg. price $10.50

The price usd-btc price for bitcoin will be ~$15 by the end of September.

(passes crystal ball back to smoothie).

THANKS...

ANYONE SHARE HIS OR HER OWN BITCOIN SAVINGS  LIKE HOW MUCH AND WHAT IS AVG. PRICE FOR HOLDING ETC..........

Please .... don't shout. I have a headache.

I WILL HOLD YOUR BITCOINS FOR FREE

Lol

30 days range of MTGOX USD Bitcoin Price is  $6.74257 — $11.3

So I hope august month end it is near $14-$15

suggestions welcome

Let me the first to tell you to trade at your own risk. No one will give you buy sell signals here and will take responsibility for any losses you may incur.

It's on you man.

I dont need signal I just want suggestions from other persons

Uhh so you want a "suggestion" but you don't need "signals". What are you really looking for? Someone to tell you to hold on to them?

Okay hold on to them and don't sell them. Ever....

There is a suggestion.

I think the price will gradually increase for the next few months until finally it explodes.

I think speculative investment like Bitcoin is good for 15% of my savings. Thats my humble take on it. Think of it as a penny stock with above average potential.

A Bruce Wagner would say "BOOOOOOOOOOOOOOOOOOOOOOOOOOM"  :D

Thanks for your opinion

Is your caps lock stuck?

No, his exuberance is stuck on max.

Possibly.  But you should be aware it can blow up at any moment.  One scenario: it becomes too popular and is outlawed by the USA due to tax evasion/money laundering.  NSA directs its massive computing resources towards hashing and gains 51% control of the network, invalidating everyone else's transactions as they see fit.  It's a very long shot, but all it requires is the USA federal government to declare bitcoin the currency of drug dealers/terrorists/pedophiles/insert enemy group here.  Is any other government likely to object?  Probably not, as there's no state sponsorship of bitcoin.

Or bitcoin's value goes down, wiping out a portion of your savings.  Those that bought in at $32/btc last year are still sitting on a world of hurt (assuming they didn't sell just above $2 late last year).

For long term saving independent of state interference nothing beats gold and silver.  Only problem is they are difficult to move and easy to steal.

Thanks for your Opinion

I thought it was good for 0.5% of my savings when I invested. Then it went up 10000%. Then I lost my other savings. Now Bitcoin is 90% of all I have. I have less money now, but I'm a happier person. :D

Having said that, BITCOIN BUY IS NOT GOOD FOR SAVING PURPOSE, IMO. It's a risky investment at best. Invest either if you are planning to actively use it, or you have money that you can do without. I think it will take some more years before we can declare that Bitcoin is a good idea for long term savings.

I agree with the 15% ratio. If you are making a bucket of vehicles to invest in, make Bitcoin one of them. And then buy some more to use regularly, to support Bitcoin commerce.

Thanks your opinion.

Can you tell me any other good investment with Payment Method of LR / Moneybooker / Credit Card  ?

I am doing Forex Trading too....

Since this is bitcointalk, I can suggest checking out GLBSE (https://glbse.com/). I would stay away from high-interest deposits and their pass-through bonds, especially uninsured ones. But there are decent businesses listed there, and you can also invest in venture capital funds such as MU (https://glbse.com/asset/view/MU). If you can spot the undervalued assets and buy low, there is a money making opportunity right there, but you have to do considerable research before making such assessments. MPOE.ETF (https://glbse.com/asset/view/MPOE.ETF) should serve as a good example; its value is almost 12 times the IPO price as of now.

Yes Bitcoin is good for saving.

people say its risky, these people have no balls!

bitcoin use to be risky, its not anymore, the only real risk you'll have when buying bitcoin is that a few months down the line it may have dropped in value. but if you wait long enough you will see a good ROI, no matter what price you bought at.

Do it DUMP your savings into bitcoin, as long as you know how to work a paper wallet, you will be fine.

PS: 10.50 might be a bit high? maybe wait a few weeks, i think we might be seeing a short term down trend again. wait for it and be ready

And weren't you the one who sold at $9?

So how is it that I sold at $11 and I have no balls?

 :D

buying bulk bitcions takes balls. people who think bitcoin is to risky and so only put a few 100$ into it have no balls
selling at 9 or 11 dollars, after buying at 5-6ish, is just good trading.

to recap
if you put in less then 500$ into bitcoin, you have no balls
if you think bitcoin is a risky investment, you have no balls
if you mine bitcoin only to sell it right away, you have no balls

lol

And can be just as volatile as Bitcoin, just look at 1978

http://goldprice.org/buying-gold/uploaded_images/gold-chart-757127.gif

Well I am none of the above.

Isn't part of "having balls" doing risky things?

When the reward is balanced with the risk in the rewards favour: definitely

Am I the only one who read the subject of the OP in a tf2 Heavy's voice?

http://t3.gstatic.com/images?q=tbn:ANd9GcTTDc0991gSNtqqSTN08QrgGDmjqqdbiNGagJJx5ErHTLcJ_NhVZodXh7u6TA

POOTIS BITCOIN HERE

i guess i mean

if you think bitcoin is too risky, you have no balls

The bigger the balls the easier target to get kicked.