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Title: The best investment is to cold store bitcoins long term for big profit. Post by: bitcoinsrus on March 03, 2014, 01:20:27 AM Soon I plan to cold store (offline) bitcoins maybe until 2016. By this time, the reward would be 12.5 btc instead of 25.
I am considering investing in Ethereum but I will wait and see. For the meantime, I think I will get off exchanges and long term hold. Do you guys speculate prices will be high in 2016? Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: theonewhowaskazu on March 03, 2014, 02:34:26 AM I think by the end of 2016 is the maximum possible timeframe before we see $100k per coin.
Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: Bit_Happy on March 03, 2014, 02:37:09 AM The best investment is Buy and Hold for a large % of your bTC, and trade in and out of the rest.
The volatility is amazing, so if you don't ever sell high and buy low you are missing out. Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: Cluster2k on March 03, 2014, 02:42:55 AM Locking your bitcoins away and not using them is the best way to ride out the highs and lows of the market if you expect the value to keep rising into the future.
But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce. There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'. It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one. Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: Ibian on March 03, 2014, 03:11:04 AM Locking your bitcoins away and not using them is the best way to ride out the highs and lows of the market if you expect the value to keep rising into the future. How does a $5600000 pizza sound? We are ALREADY paying "huge fortunes" for them.But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce. There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'. It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one. Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: theonewhowaskazu on March 03, 2014, 03:15:41 AM Locking your bitcoins away and not using them is the best way to ride out the highs and lows of the market if you expect the value to keep rising into the future. And what exactly would be the tipping point that says "not enough Bitcoins out there, let's use something else?" If there were 2 times as many Bitcoins, and each block rewarded 100 (now 50) BTC, would this point occur any later? How about 10 times? 100 times as many Bitcoins?But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce. There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'. It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one. Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: kireinaha on March 03, 2014, 03:16:16 AM the buy and hold line is part of the "sales pitch" used by early adopters to newer investors to retain the value of their vast holdings. kind of how the amway people love to promote the idea of owning your own business, but without having to do any of the real work involved with establishing a business. you too can make vast fortunes, by buying bitcoin and tucking it away for a couple years.
Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: Ibian on March 03, 2014, 03:22:27 AM Investing is a solid alternative to trading. People are different s'all.
Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: ar9 on March 03, 2014, 04:49:06 AM $100,000/coin is asinine.
Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: Ibian on March 03, 2014, 04:54:08 AM $100,000/coin is asinine. Quoted for future mockery.Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: TERA on March 03, 2014, 06:21:39 AM The "best thing to do" differs from person to person based on their particular needs, interests, and skills.
Title: Re: The best investment is to cold store bitcoins long term for big profit. Post by: Sindelar1938 on March 03, 2014, 06:48:24 AM I think the balance between hoarding and spending is key
My personal ratio is around 80-20 |