Arcteryx
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October 13, 2015, 05:34:42 PM |
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Fact is you don't have to rush into things. I suggest you find out more about bitcoin and the benefits that it offers and then only decide for yourself. Most of the time, we often get dissapointed if you treat bitcoin solely as an investment or another get rich quick scheme. It's never meant for that.
Best advice I have read on these type of threads: Educate yourself before dedicating your bitcoin to anything.
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pereira4
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October 13, 2015, 05:50:46 PM |
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I'm only worried about the fact that BTC exchanges can easily manipulate the price. That's my biggest concern.
That's slowly being addressed with 'proper' exchanges like Gemini. I think they'll have to work harder to wean folks off dodgy exchanges with ridiculous leverage though. Secretly plenty of people will rather miss the outrageous manipulation. There was money to be made in all directions. How can Gemini avoid the manipulation of the price? How can any exchange do this anyway? As long as the marketcap is low (4 billion is low) and as long as there is people holding tons of BTC, let alone people out there which are multi millonaire in BTC and could make the price skyrocket and move it at will.. we will remain prone to manipulation. I don't think markets can't do much, it's a natural progress, so let's enjoy the cheap price and the huge bubbles ahead, the big picture will be a never ending uptrend with ups and downs.
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gentlemand
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October 13, 2015, 06:07:26 PM Last edit: October 13, 2015, 06:17:31 PM by gentlemand |
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How can Gemini avoid the manipulation of the price? How can any exchange do this anyway?
I was referring more to the manipulation by the exchanges themselves rather than the maniacs who use them. It's unproven in most cases but I'm sure it's been par for the course for a long time. However what many Bitcoin traders regard as legit tactics is actually against the law in no shortage of jurisdictions for conventional markets.
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acquafredda
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October 13, 2015, 07:08:16 PM |
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How can Gemini avoid the manipulation of the price? How can any exchange do this anyway?
I was referring more to the manipulation by the exchanges themselves rather than the maniacs who use them. It's unproven in most cases but I'm sure it's been par for the course for a long time. However what many Bitcoin traders regard as legit tactics is actually against the law in no shortage of jurisdictions for conventional markets. Quoting this by the Winklevoss Cameron Winklevoss added that Gemini has "the highest regulatory policies and capitalization requirements." The brothers said they implemented background checks and protections against money laundering. And, moreover, they said they want their exchange to be legal so they backed fund into federal accounts. They said they want to act respecting the law. This does not assure they will not use any fractional-reserved based system.
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sana9821
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October 13, 2015, 07:13:45 PM |
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i believe it is a really good investment option as most probably the price of bitcoin will grow a lot in the future though thats just my opinion
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Xialla
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October 13, 2015, 07:18:30 PM |
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How safe is it?
beauty of long term for those small amounts is, that you are not risking so much and you can win a lot. buy, print, hodl and hope my dear.
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smith coins
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October 13, 2015, 10:43:18 PM |
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i would say yes. reason being that after the halving happens next year, the supply should decrease quite significantly and your btc would be worth alot more than it is today (~240usd).
The number of bitcoins will not decrease as you are saying. It will increase but in a low intensity comparing before the halving. The difference is in the block reward which will become 50% lower, but investing in a single btc seems not a good idea, you can't expect to make lots of money with only 1 BTC.
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gon
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October 14, 2015, 08:34:03 AM |
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How safe is it?
its definitely safe because your investing your time by holding the coin for a long amount of time also the next halving is coming next year so i think its worth it to buy while price is still low
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gentlemand
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October 14, 2015, 01:13:50 PM |
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The number of bitcoins will not decrease as you are saying. It will increase but in a low intensity comparing before the halving. The difference is in the block reward which will become 50% lower, but investing in a single btc seems not a good idea, you can't expect to make lots of money with only 1BTC.
Everyone's tolerance is different. That amount might be a big deal to someone or nothing to another. Better to follow what you feel comfortable with than listen to anyone else and go overboard.
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Amph
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October 14, 2015, 02:56:59 PM |
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i dont think that is a good idea
why? this seems really clear, that is the best moment to buy in some bitcoin, i doubt the price could go any lower, with all the fuss that happened, a major dump for sub 200 was expected long time ago instead we are there fighting for the 220-270 range all the time, to me look like the best entering you can have after early adopters
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Mickeyb
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October 14, 2015, 04:45:23 PM |
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i dont think that is a good idea
I think that you are very, very wrong. Bitcoin is definitely a future. When price was around $1,000 everybody were crying how they would get in if price dropped even to a $500. Then when the price was at $500, nobody was buying and everybody were saying that if it goes under $300 how they will buy many coins and load their cold storages. Well gentleman, now is your chance I think. $250 is very, very cheap!
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neurotypical
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October 14, 2015, 06:08:38 PM |
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How can Gemini avoid the manipulation of the price? How can any exchange do this anyway?
I was referring more to the manipulation by the exchanges themselves rather than the maniacs who use them. It's unproven in most cases but I'm sure it's been par for the course for a long time. However what many Bitcoin traders regard as legit tactics is actually against the law in no shortage of jurisdictions for conventional markets. This is true. If you are using Gemini, sure all the regulations and probably the paperwork you need to present in orde to use it sucks compared to the less regulated exchanges, bu at the same time you get a relief in knowing that the Winklevoss just aren't some random people fucking around, they are serious with their service so there will be no "ups got hacked" moment or shady stuff like that.
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apriyani420
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October 14, 2015, 08:10:28 PM |
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it is pretty safe as you dont spend too much money and it can bring you huge profit as the price of bitcoin might increase a lot in the future
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NorrisK
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October 14, 2015, 08:41:27 PM |
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Price seems to be moving upward strongly again. I hope you got in after you made the thread.
Probably (or atleast hopefully) we won't get another chance like this again!
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zimmah
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October 14, 2015, 10:36:20 PM |
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How safe is it?
Depends on how much you need the $250 If you can safely miss $250 for several years, I'd definitly advice you to just go ahead and get a Bitcoin, see if it's worth any more than $250 in a couple of years. Worst case you lost $250, best case you're rich now. Realistically, 1 Bitcoin woukd probably allow you to buy a new car or something in a few years. I was waiting for bitcoin to get €200 before buying one more, but I might have been waiting in vain, because it seems like it's not going there. I wonder if I should just buy one for €220 or if I wait a bit more.
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prodigy8
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October 14, 2015, 10:44:46 PM |
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I think that it is safe to invest in just in 1 Bitcoin. If the price increased you will get a profit but small. But in case the price crashes then you will lose few dollars or maybe more but not big.
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Possum577
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October 14, 2015, 10:51:19 PM |
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How safe is it?
So Pils, did you ever end up starting a long term investment in BTC?
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n2004al
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October 20, 2015, 02:27:17 PM |
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How safe is it?
It is safe at least enough as the amount of money you will use to buy it. 250 us dollar for something that, at least theoretically, have big chances and arguments to have much more value that those in medium and much more in long term, for me, are nothing. I will try to have some more, and in the times to come, even more. I can give you only one argument that can (might) make you to use those us dollars to buy your 1 bitcoin: the halving. We after halving will have half of the bitcoins which will enter in the market and the demands have no reasons to be less than actually. Theoretically have no other reason which can impede the increase of the price of bitcoin. But be careful. Nothing is sure. Bitcoin can be prey of various speculations or other factors can enter in the market that time and the price remain the same or go down (very few probability to be verified according to me). No one can predict with great security these things. The actual analyse of this case give as a conclusion the increase of price. But the life is another. The final conclusion: Is up to you to decide if having bitcoin is safe (profitable) in long term or not. For me the answer is yes.
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harizen
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October 20, 2015, 02:41:02 PM |
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How safe is it?
Give it a try and expect for a kick. Much better if you do it now based on the current price movement and speculation. There is no such thing as 100% safe. All in all take the risk. Much better to regularly read this thread: https://bitcointalk.org/index.php?topic=178336.0
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designerusa
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October 20, 2015, 02:54:11 PM |
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I think it is really safe to buy btc right now if you think about long range investment. But I'm pretty sure it is not good enough for short range speculations.
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