How safe is it?
Hi pilscoop, You have to kept in mind the Market cap increase/decrease ratio. So rely on two things patience and long term investment. Thank youCryptoJewelerHolding it for long term can be profitable as it is expected that the price would be much higher in future, so if you buy 1 btc and hold for couple of years then you can expect huge returns. Truly there is no need to wait for very long term. Now price has started rising from the stable price. This provides assured return even before the time of halving. So hold as much possible to get a good profit. Well, I also believe if you hold your coins for quite a few years that you will get a massive return at some point, but you are also right with saying that you don't have to wait a long time to make decent profits. If you know how to trade properly then you can make good profits without keeping your Bitcoins sleeping in your wallet for a long time. But not all people can do this. You'll need a good bit of experience. as you also said, there are not many people that can do successful trading. most of the people just yolo buy at a certain price hoping to get some nice profits after a month or so. these people don't know what to do, and as result they will end up with losses time on time again. holding is easy for every one. if they can't even hold their coins for a few months, then what can they do more? nothing. |
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hard to choose. realistically speaking, no investment is ever 100% secure. maybe i'll just convert half to gold and half to bitcoin.  with gold most people know that you won't have any outrageous profits. with bitcoin you can. especially if you have enough patience to keep holding your coins for several years. that's why i always prefer bitcoin over any other kind of investments. i know my trust in bitcoin will pay off greatly at some point in the future. the only thing i have to do is holding. easy. |
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Some people say that halving will occur in 2016, although I never knew it. I want to see how big an effect on pricing. I believe bitcoin price will increase highly this year.  The halving will be this july and its a great event for bitcoin and this halving will give us higher bitcoin price and we just have to wait for that. i also expect the price to go up as we are heading closer and closer to the block halving, but i don't have very high expectations of the end result. if the price stays stable above $500 by that time, then i am more than happy with that. if the price comes close to $600 this year, then it's even better, but for now i only focus on seeing the price stay above $500. |
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it's very simple. if the price drops to $1 then i will buy as many coins as i can and save them up for a very long time. i will definitely not buy another coin.
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well i think all of us had bought bitcoin for the same couple of reasons more or less.
one of the biggest reasons is the price and the profit the future of bitcoin has to offer to us.
but also another big reason is the benefits of using bitcoin, which a lot of us became interested in bitcoin because of them, like the decentralization and the security.
people of course like the fact that they can use bitcoin as currency, but 95% of the people simply buy bitcoin to make profit. i personally also like the decentralized aspect and the currency aspect of bitcoin, but probably the most important aspect is that it allows us to make profit. that's what we all want. |
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It is indeed good to not sell any coin now as you can see you see that the value is now quite low so you wont make some good profit with it, so you have to wait a longer time and just accept it.
If you want to make some profit with Bitcoin now you can trade or gamble.
trading is the best way of increasing your coin count, and it's also quite safe if you have enough patience and experience. gambling is too risky and you will end up losing all your money. |
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No I do not see this happen because the fact is that there are still other currency's in that year that are still a lot bigger.
I think this will even never happen because the banks are really against it and they are most likely gonna make a coin for themselves, so they have the power over it...
of course it will never happen. there are 7 billion humans in the world. there is no way to get them all to use bitcoin, ever. |
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Fast, cheap, no charges back, can't steel info from merchants, you own it, privacity to the limit you want... what else...?
yeah there are no administrative costs for storage in bitcoin unlike in the bank you will be given tax and administration of each month. so if you want to save a lot of money you can use bitcoin I don't think save a lot of money in bitcoin is the best safe way because bitcoin prices change frequently. If the price go down it will be bad for your money if you are a long term minded investor, then the current volatility doesn't matter much to you since you are holding your bitcoins for several years. i do the same. that's why i can sit back and enjoy seeing the price go up. i use the volatility in my benefit for trading purposes to make some extra profits. and the coins that i have in my walles will stay there untouched. very simple. |
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Yes I think the bitcoin will take over the dollar soon or later, it will take some time of course but I think its possible for sure.
Its just a matter if time before this happen in my opinion its all a matter of time.
Maybe bitcoin will just be widely used by people but it wont replace dollar,dollar is will still be used by many poeple who dont rely on technology and bitcoin will be used by people who are in technology on their daily life. Not sure why a lot people are so concentrated on Bitcoin replacing the dollar, but it will not happen, and it's also not needed to happen since Bitcoin is here and ready to be used as a currency, as an investment, and so on. So start using it!! i fully agree with this. there is no need to wait for bitcoin to replace any fiat currency. we can already use it. nothing will change when bitcoin replaces the dollar as the usage will exactly be the same. it will still be a currency, it will still be a store of value, it will still be an investment tool. stop dreaming people. dollar is the main currency of the world. nothing will replace it. |
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I would be already happy if Bitcoin could become the most known and used money for the internet in the next 10 years.
Just this niche could give Bitcoin an incredible boost in it's value. But to achieve that a lot of the infrastructure has to improve and grow.
i think bitcoin as the ultimate internet currency will definitely happen at some point. just look at how many people are unhappy with paypal and other payment services. that all is very good news for bitcoin. i hope it will push these people closer to bitcoin in the coming years. |
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I can see why you think this but I don't agree
There is potential upside some changes would help I agree on that much
but I think the halving will have enough hype to drive the price regardless.
the block halving and even the block size increase will result in the price going up to higher price levels, but i think the increase will last only a short time as people that bought their coins below todays prices will secure profits. that will most likely cause the price to tank significantly, and maybe even make the price come back to current prices. that's why i am staying cautious when it comes to the block halving impact on the price. |
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The bitcoin will go up to the 500 dollar because of the halving, at the end of this year it will even go to a higher amount.
If you invest right now you will make a lot of profit soon or later this year!
I want bitcoin price to reach more than 1000$. I think after halving price will grow more than 1000$. I am saving bitcoin Guys save bitcoins and enjoy in future. i also want the price to reach the $1000 level once again, but i'm realistic enough to know that the chances of this to happen are very low. thinking in terms of the price reaching the $600 price level this year is a far more realistic goal to happen this year. |
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Bitcoin is the future of money, or so they say.
I would like to hear your opinions on Why should people use Bitcoin?
Your question sounds to me as "why would people want to become rich?" Bitcoin is a blessing of the technology which can make you rich in future, if you devote time to earn it. I myself is saving for my retire so that I can add some extra spices to my retired life. Also I have a plan to buy a superbike in next 2 years using bitcoin savings. how long we need to become a rich? so many people said to hold your bitcoin if you want to be rich in the future. imo to become a rich it isn't an easy. Fine, it is not so easy to become rich at once, even if you are holding bitcoin. It takes years to become rich, with your coins you have to invest more, then while you choose trade you should not lose your coins, you have to hold higher ranks to earn good amounts from campaigns and so on. If all these goes well you can become rich in few years. the getting rich times with bitcoin are over. in order to get really rich and make hundreds of thousands in profit, you will need to own at least 250 coins and use them do to some trading or simply hold them to see the value go up. |
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hype is what drives the price
get on board before hand and profit
Hype is really what make the price of bitcoin go like crazy everyone is hyping about the price will which will go up when the halving is done. it's good and nice to see the price go up due to the hyped up block halving, but we all know that hypes come and go. they don't last very long. i am looking for a slower but way more sustainable growth for the coming years. we have seen the price get dumped down from high price levels way too often. in order to get the average non tech people to adopt bitcoin, we need the price to become more stable and more stronger. |
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500$ isn't very high level, but i think the Bitcoin's price will reach this level soon
$500 was the expectation for the year of 2015, but fortunately it didn't touched. This time even before the 2016 December we could reach $500 even if halving doesn't take place. Yes that's possible, as the Bitcoin's price isn't stable till now, but i think we have to wait the halving to see the results then. I think this as a huge value. If halving brings great profits we can expect this in December. We can't predict anything. Trust that bitcoin halving gives only joy to its users. what's so special about december that you think the price will go up by that time? i really can't think of something that will happen this year in december that may push the price higher. There is nothing special in December everyone is waiting for Bitcoin halving to be happened , Everyone is hoping when bitcoin halve (block size will be 12.5 BTC ) It will give a rise to bitcoin . The price of bitcoin will increase because of halving . Also the investors are getting too much into bitcoins now . i have no doubts about that the price will go up because of the lower block rewards, but i seriously think the block halving price increase will not be as much as some people may be hoping for. my guess is a $100 increase at most from current price level for the rest of the year. |
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Well i believe that who use dollar will keep using it but they can invest a part of the fiat into bitcoin just to get better and good ammounts of new fresh money.Bitcoin has conquered its space and no one can kill or take it down.
fiat currencies will always be used. nothing can change that and there is no need to change it. people have the option to choose which currency they want to use. for certain things they will continue to use fiat, and for other things they will use bitcoin. i like the freedom to choose whichever currency i want to use. |
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Yes its good to long term invest in the bitcoin because the bitcoin has a really good future if you ask me due to the halving and other things that are coming, there is a good chance that the bitcoin will rise to a high amount for sure.
the possibility of halving will give effect to the bitcoin prices are quite high. we can see the effect on the history of last 2013 years. maybe it could be used as a reference to buy many bitcoin now more than 1 BTC i also think that the upcoming block halving will have a positive impact on the price, but i am also realistic enough to know that things might also go in the opposite direction. expectations from people regarding the block halving are way too high. one says the price will reach $1000 after the block halving, and another person says that the price will even reach $3000 after the block halving, bla bla bla. let's first see the price touch $500 as that alone is already a heavy challenge. |
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People are really hoping for this to happen. They will save their Bitcoins so they can sell them later on in the future and become millionaires. I do not know how big the chance is of this happening.
did you even bother to read more than only the thread title? i guess not. op is talking (i think trolling) about him looking for a way to cash out €1 million worth of bitcoins. and that's it. |
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I have sold half of my coin at 455 mark today, is there anyone who have also sold on this range today.
I think this sudden rise seems to be pure pump rather than anything. Lets see till where it will reach. What is your prediction for this pump ?
no 450$ is not huge price to be honest, price will be pretty huge soon, just wait till July for halving, i wait for halving to sell my coins, price will be very large then, maybe more than 800$ lots of people does mistakes like this and sells their coins at bad time, if you want lots of profit you shouldn't sell them now they make the mistake to sell their coins too early and you know what happens after that? they buy back at a much higher price because they want to get rid of the horrible feeling that selling too early gives them. that's why the best option is to just hold all the coins that you have if you don't need the money any time soon. |
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If you buy bitcoin at low price and sell it at high price, then it's good move to hold it.
When you think you already make good profit, sell it. Or you'll regret you are not sell it at good price.
Yeah, it is good to hold your coins and sell them when you see a reasonable price, but if someone becomes greedy and hold them for too long for waiting for more profit then it can reduce the profit you could get from the previous price, because the price is not stable, it can rise or fall down any time so we can't really know if when it will go high and when it will come down. some people indeed tend to wait too long with securing profits, but it's easily solved when you use stop loss orders. it's quite helpful when you want to wait a bit longer before securing profits. that's what i some times do. but i prefer to trade 100% manually. |
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