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tn211
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December 07, 2015, 02:46:13 PM |
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In long term bitcoin is safe, but you can't be sure with bitcoin.
I just bet that in the future the price well be more than 2.000 dollars. Having some bitcoins now is a good choice.
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Oscoda
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December 07, 2015, 03:35:57 PM |
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Bitcoin is not safe to have, but it is a good idea to just have it and wait that in 20 years it will increase.
You will have a high chance that in 20 years will be around 5.000 dollars.
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eternalgloom
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Activity: 1792
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December 07, 2015, 06:12:02 PM |
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I think it's safer to not put all of your assets into one place, whether it be Bitcoin, fiat, stocks, etc.
I do think Bitcoin is a good investment...
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~Bitcoin~
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Merit: 1000
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December 07, 2015, 06:43:55 PM |
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Only to hold may not create problem but if you actively spend bitcoin you may get some eye from the crime branch. If you like to enjoy the price ride than definitely convert your fiat and just hold bitcoin.
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samanas
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December 07, 2015, 08:21:24 PM |
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Are you mean safe for investment ? If for Investment in long-term bitcoin its very safe.  but if there is another meaning behind the word "safe", maybe you can clarify ? The technology world changes very fast. Bitcoin can be disrupted by a new technology. It can only survive by changing itself. if not, it will die. |
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CannedFish
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December 07, 2015, 08:24:03 PM |
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Nope they are not safe yet, you will loose money if you buy high. Now is not a good time to buy people.
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Blaze.
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December 07, 2015, 08:34:28 PM |
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Nope they are not safe yet, you will loose money if you buy high. Now is not a good time to buy people.
Somewhat agree, they ARE safe if you are in possession of Bitcoins that you can afford to loose. Here it goes again: Do not invest what you cannot afford to loose. |
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RodeoX
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Activity: 3066
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The revolution will be monetized!
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December 07, 2015, 08:35:59 PM |
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Is it safe to keep all of my assets in Bitcoins? No. IMO, bitcoin is too volatile to hold ALL your money. And how Department for Combating Economic Crimes, can affect my account? What permissions they need , to freeze all my money ?[/size]
No one else in the universe should have access to your BTC. Unless you give someone your private key there is no way to "freeze" your money and no higher authority than you. Permission is not required in the bitcoin system because there is no one with the authority to give permission. Of course if a tax authority catches you evading taxes then there is nothing about bitcoin that is a defense of your actions. You may face jail and penalties in addition to owing the original taxes. |
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CannedFish
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December 07, 2015, 09:42:34 PM |
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If they do catch you evading taxes you could defend yourself by saying the government does not accept Bitcoin can you not?
And you could also say that you did not want to convert your BTC to cash.
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Rubberduckie
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December 07, 2015, 10:38:22 PM |
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Just like most things bitcoins value is entirely determined by
the market. The value could go up or down over time. I
personally think its safe but thats my opinion and speculation.
I would never have all my money invested in any one thing
even bitcoin. The that government currencies keep dropping
I am glad I have and want more bitcoin.
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richardsNY
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December 08, 2015, 02:13:04 AM |
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Nope they are not safe yet, you will loose money if you buy high. Now is not a good time to buy people.
Bitcoin itself is safe. Buying at a high price won't make you lose a single penny as long as you don't sell your coins. If you buy at current price to hold for a long time, then you will definitely make a good profit. |
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GODLIKE
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December 08, 2015, 05:23:17 AM |
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Is it safe to keep all of my assets in Bitcoins? And how Department for Combating Economic Crimes, can affect my account? What permissions they need , to freeze all my money ?
If you don't give them the password, they can't freeze your money  That's an effect of Bitcoin: you are not slave to banks, nor to governments |
BITCOIN FOREVER news aggregator: only the most important news on the cryptoworld! |
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Amph
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December 08, 2015, 08:02:46 AM |
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If they do catch you evading taxes you could defend yourself by saying the government does not accept Bitcoin can you not?
And you could also say that you did not want to convert your BTC to cash.
a better excuse, and probably what i would use, is to say that here bitcoin is not regulated, so they can not really tax them especially if they caught me purchasing with bitcoin directly things of great value |
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Altynbekova
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December 08, 2015, 09:42:54 AM |
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Nope they are not safe yet, you will loose money if you buy high. Now is not a good time to buy people.
Why not, maybe the price of bitcoin won't go lower in 2016 or ever. Buying now just little amounts is good to do, only if you do a long term and holding it is a good idea. |
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HostSurf
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December 08, 2015, 10:55:19 AM |
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Nope they are not safe yet, you will loose money if you buy high. Now is not a good time to buy people.
Why not, maybe the price of bitcoin won't go lower in 2016 or ever. Buying now just little amounts is good to do, only if you do a long term and holding it is a good idea. Indeed, it's better to buy now, I don't think the price will drop again lower than $350. If it does you're lucky to buy in then. |
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gkv9
Legendary
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Activity: 1246
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!!! RiSe aBovE ThE StoRm !!!
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December 08, 2015, 12:01:00 PM |
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Nope they are not safe yet, you will loose money if you buy high. Now is not a good time to buy people.
Why not, maybe the price of bitcoin won't go lower in 2016 or ever. Buying now just little amounts is good to do, only if you do a long term and holding it is a good idea. Indeed, it's better to buy now, I don't think the price will drop again lower than $350. If it does you're lucky to buy in then. I really don't understand that why people talk nonsense in each of these threads??? Threads regarding price are there, we should talk about price therein... @OP, And about safety of bitcoins, yes they are safe, if you can keep them safe... They ain't any virus, they are an electronic value that you will see in your wallet in numbers however much you will have... |
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italianobitcoin
Sr. Member
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Forza Italia
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December 08, 2015, 12:53:44 PM |
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If you're going to put all your assets in bitcoin, it's better to hold for a long term so you can make use of the profits.
Bitcoin is not safe at all, it's the risk you take by investing in it.
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michietn94
Legendary
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Activity: 1274
Merit: 1001
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December 08, 2015, 01:19:36 PM |
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Well to tell the truth is not safe, investment in short term in bitcoin is good, but for long term is not so secure
But if you said that someday government or anybody can find all your wealth, for temporary until few years ahead i dont think they can trace your wealth yet, because bitcoin very corcern about anonymous
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LuckyYOU
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December 08, 2015, 02:43:39 PM |
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Well to tell the truth is not safe, investment in short term in bitcoin is good, but for long term is not so secure
But if you said that someday government or anybody can find all your wealth, for temporary until few years ahead i dont think they can trace your wealth yet, because bitcoin very corcern about anonymous
It's true that it's not safe because you never know what's going to happen to the market. I do think it's safer to invest into bitcoin in the long term, that's better to do than if you're looking to make a quick profit in a short amount of time. |
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Altynbekova
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December 08, 2015, 03:04:08 PM |
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Well to tell the truth is not safe, investment in short term in bitcoin is good, but for long term is not so secure
But if you said that someday government or anybody can find all your wealth, for temporary until few years ahead i dont think they can trace your wealth yet, because bitcoin very corcern about anonymous
It's true that it's not safe because you never know what's going to happen to the market. I do think it's safer to invest into bitcoin in the long term, that's better to do than if you're looking to make a quick profit in a short amount of time. Meh! I am just gona hold my bitcoin now and wait for a good increase and invest some of my bitcoin. So true that with bitcoin you can't be sure what will happen. |
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