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This question gives me anxiety at the simple thought of putting everything that I own into one single type of asset. However, if I absolutely had to pick, I would choose gold because gold is purely a store of value, whereas bitcoin is used for all manner of things and is not stable for that huge of investment.
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I would probably invest half of it into poloniex, invest another quarter into casino bankrolls, and then hodl the last quarter. I think that is a good balance for bitcoin investments.
If you dont want to hodl you can put the last quarter into cryptomerian.
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Well, since the gold standard is the beginning stage of currency development I will have to go with that. It just makes logical sense that it will remain.
But hey, maybe one day a country will start with the bitcoin standard!
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Building a bank for bitcoin defeats the purpose of bitcoin in the first place. The point of bitcoin is that you are your own bank so long as you keep your private key and nobody can say otherwise.
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It is already a international currency as majority of people across the globe are using it, the only thing we need is that it should hit the mainstream to get more popular in future.
Do you even know what you are saying? Do you know the meaning of majority??? Majority means more than 50% and I am willing to bet with you that wayyyy less than 50% of people across the globe use bitcoin. Bitcoin is not an international currency as it is not recognized as such my almost all sovereign states. |
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This really would be a landmark decision, do you think it should be taken so lightly? I'm glad they took the time to decide on what exactly is going to happen and I think it really shows where bitcoin is at this time. They didn't accept it because it is not regulated and doesn't have enough surveillance, I think this fact will stand out in the future to trade platforms. Now that this happened we should move on, price has already been rising back to normal and I think this is a good step for bitcoin.
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You can't just assume the BTC market cap will be at the same market cap of Gold. 2 different markets, makes no sense if you see it like that
True. Bitcoin is quite a complicated asset due to its use as a currency and the fact that it is not backed up by anything physical. Its purpose will never be exactly the same as gold and rightly so - it is not a stable store of value so much as an investment ( and a currency). The assumptions you make in this post are also quite weak. Even if Bitcoin was being used as a stable asset, that wouldn't inherently result in gold prices matching it by any means - gold prices might well fall well below in that scenario, or stay high due to its sentimental value. I was about to say, the sentimental value of gold is probably what will keep it at such a high valuation compared to Bitcoin. Not to mention gold is not as risky because there is no private key that can be stolen. |
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What is the best short-term (3 months or less) investment you made?
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Cryptomerian is probably going to be your way to go. They have seen a steady 2-3% increase month-to-month and they are pretty safe as far as I can tell. May want to give them a look.
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Why the hell would somebody go all in on ANYTHING, especially something that fluctuates as much as Bitcoin. I would hate to constantly be watching the price ticker (which I do anyway) realizing that the ticker in front of me represents my entire net cash worth.
If Bitcoin went to zero tomorrow, I would be understandably upset, but I wouldn't care all that much about the money lost. I purposely do not include Bitcoin when I think about my net worth for this exact reason.
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If PayPal really was just a scam then it would not be one of the biggest payment gateways (if not the biggest) in the world. Clearly whoever you heard from must have been doing something sketchy on their accounts. I have used PayPal for many years and have not had any problems with my account that could not be fixed with a simple customer support email (minor stuff).
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Best thing to do is buy some bitcoin and invest it in whatever is safest. It honestly takes personal research and hard work, if money was so easy to get, everybody would hop on it.
But don't forget, never invest what you aren't willing to lose!!!
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The price of Bitcoin, like the price of anything else, is based almost purely on how much somebody is willing to give for it. This changes based on specific situations but ultimately that is what the price comes down to.
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IMO the best form of earning Bitcoin is passive income. This comes from things like signature campaigns, investments, etc.
Personally I like to have investments, I love having to do absolutely nothing and watch my money grow, even if it isn't a whole lot.
It sure does snowball though.
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Well there are some people that try to buy and sell it to make money, which helps the Bitcoin economy. Then at the same time there are other using it as a currency, buying and selling goods and services, which also helps the Bitcoin economy. In the end I think it's all great and helps all of us grow!
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I think that the United States has a great monetary system.
Although almost half of all Americans don't have a retirement account, the system in place allows people to invest in their future and make money if they choose to do so.
After the Great Depression and 2008 we really got our shit together...
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Welllll I would help you but I unfortunately just finished my box of thin mints.
Seriously though, what country would it be shipped to? I may be able to help a poor soul out.
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I know you've heard this a lot but it will definitely take more than that to turn a decent profit.
If I were you I would take a "loan" from your fiat and buy some more bitcoin and invest, get enough so that you can earn on your own, and then sell back to your fiat. Bitcoin will probably also appreciate while you do it so you won't need to sell as much to make your fiat back.
Hope that helps.
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
I think that Bitcoin can be big because it unites the world in a way similar to the Internet. It breaks barriers between people and allows for faster transportation of something (money in this case) which has always proved to be beneficial to society. |
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since the dollar can't collapse overnight Currencies do collapse overnight, in fact that is very common, most of the time it will begin with economic turmoil and then a bank holiday will be declared , if one is declared in your country be prepared because a big devaluation is coming. We're talking about the dollar here, this isn't the 1930's. We now have several major agencies (SEC, FED, DOL, etc) managing the money system and economy in order to prevent the world's largest economy (and then the world's economy) from collapsing. |
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