Hi guys,
Just curious.
I bought a little bit a few months ago, for the first time, for the sole reason that I want to invest in Bitcoins, and get a profit after 5 years, maybe 10 years.
So I would not need to check the price everyday, as it is of no use for me. But I do, can't help it!
I am not the only one I guess.
Yes I check bitcoin price every day and that too at least 3 to 4 times a day. I am pretty obsessed with bitcoin and think about it most of the time in a day. Also my friends sometimes get annoyed when I am browsing this forum and not talking to them. |
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I will keep 1BCC long term but if you decide to sell your bcc maybe is not a bad decision. Who knows.
Maybe after the fork when BCC price would go down then it would be the best time for buying bitcoin cash as when bitcoin gold will not deliver what people are expecting then they would turn towards bcc and it's price will rise. |
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Three reasons for me to invest in Bitcoin are:
- High profitability, potential for development
- Accounts are decentralized, secure and secure
- Global transaction only with internet connection
The reasons for me investing in bitcoin are: - It is having the highest possible growth rate and I don't think that any other investment can provide a better growth rate than bitcoin. - There can't be any downtimes like what happen many a times in the bank's websites when we have to do transactions. - There isn't any extra fees required to pay for overseas transaction, all you have to pay is a dollar or 2 unlike the banks where they charge an x amount of percentage from the transaction amount. |
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how will people adapt change from FIAT CURRENCY to DIGITAL CURRENCY like BITCOIN?  It must be at least 10 to 20 years before everything goes digital, but it can also come soon if government support bitcoin and other digital currencies. |
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I believe Bitcoin has a future in long term. It proved itself in the past years and it is getting widely popular. It just has a transaction fee problem atm.
What about the altcoins? Who does use them for real? Will people use them in the future for real purpose?
I only have a hope for ethereum and litecoin, but not for the rest. I am not even sure for eth and ltc.
If bitcoin solves the reansaction fee and time problem, I doubt eth and ltc even have a future.
I do think that altcoins have a future and they would help us along with bitcoin. |
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As for me I dont think its good to keep buying BTC now. as at today 1BTC is above 5000 USD. I think it will be wise to stop buying and allow the price to fall before starting to buy again. let hope this happen but I have seen alot of people saying it is not likely the price fall below 5000 USD anymore but whatsoever be the case you should stop buying and keep your btc save in your wallet. if the price of BTC keep rising and eventually get to 8000 USD as it is being speculated then you will be smiling to the bank.
Bitcoin is going to go below $5000. The price right now is very high. And there will be at least one dump before bitcoin can hit $6000. Therefore, it is not a great time to buy more bitcoin if you want more profit. However, if you are a long term investor, just buy bitcoin with any price because we all know that bitcoin will be higher than $50000 But that dump isn't gonna happen before the hardfork, but after the hardfork the dump can happen for sure and I am waiting for that to buy more bitcoins. |
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Thank you for your analysis. I am quite convinced that bitcoin can have a better price, but it has to take into account that there will be a price adjustment and correction after the rise. A lot of people can't afford a big drop unless they have a very good quality.
This is one of the proofs that you should not buy bitcoins or any stock in case of a pump, whoever does this rookie mistake gets burned in dump and market correction. |
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As long as we believe in bitcoin, current price is the best for buying bitcoin. Because, if we already have bitcoin it's easier for us to make money by utilizing bitcoin. And profit that can be achieved isn't disappointing.
And bitcoin is stable here in the range of $4k for quiet a long time so there is not a chance that it is gonna go lower than that, so it is wise to buy bitcoin right now before it reaches $5k once again. |
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is this is 4000$ rang or more
what you think?
Real value of bitcoin is decided by the demand of it, so when there would be more demand the price would increase and same happens vice versa, it is strategically designed that fewer and fewer coins will be made each year following other, so even if the demand will be the same the rate of increase in supply decreases which will automatically rise the price per coin. |
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What are your thoughts guys or is it worth to hold Btc for 5 years.
I see the position of bitcoin in 5 years as a blue chip stock and the persons holding bitcoins as new millionaires, and bitcoin will be used in day to day life with most of the stores accepting bitcoins as a means of payment. |
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I prefer storing my bitcoins in a cold wallet as if I have to redeem my bitcoins then it is pretty easy to do so from a cold wallet and if I have to peel a physical bitcoin then I would not be able to do so as they are such a nice piece of art and I would never be pleased to destroy one, so I just use cold wallets for storing my bitcoins.
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This is a very promising statement and if this will happen then I am pretty sure that by then I will be a millionaire, so cheers to that. I dont think bitcoin price will reach that price. Because it takes more years or 1 decade before reachmore than 20,000 dollars price . Whatif the price of 55,000 dollars the percentage to happen that price is very low . But everything is possible to happen but I hope bitcoin price will increase so we can make a lot of profit.its better to buy bitcoin now and hold it for few years and you will be glad for the result.
Well this can happen, you can see that in about 2011 the bitcoin price was what 0.001$?? and see after 6 years the price is $4.2k so the $50k price is also realistic. |
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I don't think that we are the rich gentlemen yet, as I don't believe that most of us including me invested in bitcoin when the price per coin was like 0.1$ or less, so still there is a long way to go before we become rich gentlemen.
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I also hope that bitcoin goes to $10k and it will be more amazing if this happens before the end of this year. The previous rallies also resulted in dumps which is the case right now, but once this dump is over then new rally will start and it maybe can lead to $10k per bitcoin.
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The price of bitcoin will fall definitely in that scenario and also the same will happen to the stock market, when you ask from an investor that what is the time of buying into investments they will definitely say that it's at the time of a crash, so this will be excellent opportunity for investors.
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
I will keep all my wealth in bitcoin and I am sure it will show much greater return as compared to gold, as gold is pretty stable and not risky, these kind of investments gives a pretty small return, but somewhat risky investments have the potential to give enormous returns. |
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I would say it is a pretty stupid decision to trade your investment which is paying you for a house which will not pay you a thing as you have to pay taxes every year on that house and it's value will not grow that much as compared to bitcoin.
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I feel trading is more beneficial right now as the market seems quiet uncertain and there is lots to be made on a daily basis, so trading is more profitable than investing because in investing you have your money stuck in that investment for long time, but in trading you can do it many a times a day.
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
You should listen to your guts, if they say that you should invest then you must invest in bitcoin. And as a matter of fact you should invest in bitcoins right now it's like a midcap stock and pretty soon it will go to next level once the lightning network transactions goes mainstream. |
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I spend bitcoins mostly for the things which my parents consider are junk but they really matter to me, so when they just refuse to buy those then I buy them myself.
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