MatTheCat
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January 24, 2016, 11:40:57 PM |
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I hear people talking about holding Bitcoin as long term investment and such, but what is long term for you?
I personally find long term to be at least 2 years where I hold my coins without touching them.
It can be seen as a 'long term' investment, in terms of not getting too freaked out by the massive price swings, as the whales ramp and dump the market, depriving all the little guys of their hard earned wealth.... But on the grander scale of things, Bitcoin is a fucking Gravy Train asset and nothing more. When this shit hits the fan, and I believe it will, be ready to dump it for big profit, like the worthless fkn vapour that it is...which is controlled by Chinese Scamsters by now anyways.
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Anastasios
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January 24, 2016, 11:49:22 PM |
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Two reward halvings, so minimum 4 years.
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Meuh6879
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January 24, 2016, 11:59:43 PM |
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Two reward halvings, so minimum 4 years.
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gkv9
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January 30, 2016, 10:49:25 PM |
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Nothing below 5 years is long term to me, as 5 years is an average, and you can call anything above that to be a very long-term investment...
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n2004al
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January 31, 2016, 10:08:25 AM |
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I hear people talking about holding Bitcoin as long term investment and such, but what is long term for you?
I personally find long term to be at least 2 years where I hold my coins without touching them.
Everything in this world is told referring to something or some situation. So for a butterfly (I don't know if it is for all but for some it is exactly so) one day is the longest time possible. While for a baobab (tree) who live more than 1 000 years the long term mean 1 000 years. What i am telling these examples? First because everyone might have different conception about the long term with bitcoin. So cannot be found which must be the real and the right one (if needed to do so). Second, this long term may change in time for various reasons. Someone can name long term the time when bitcoin will achieve 5 000 us dollar. If this amount is arrived in one month its long time in this case is only one month. But can happen even that this amount cannot be achieved for 50 years. In this case the long term may be an eternity because this person can be dead since that 50-in year. Me for example had a fixed long term about bitcoin (15-20 years) since some weeks ago. Now with the bitcoin classic have no long term more because I am confused and see trouble on what I must believe. Which is the right bitcoin? Which will survive? Which will have more value? And for sure there would be a more time for my long term time. The spread will be much more slow now. There will be two bitcoins and everyone of that will have its followers. Which are the same of the only bitcoin existed before. Only halved between the two bitcoins. We were happy when remembered this word before. Because was waited an increase of price. While now I don't know even which bitcoin will have the halving.
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SFR10
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January 31, 2016, 01:18:09 PM |
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Long term would be something between 5 to 10 years of range normally, just like how you get long term interest when you leave your money to stay untouched in the bank, you never see anything offered as interest below 5 years therefore anything more than it, is considered a long term investment on my book.
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BitMaxz
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Block halving is coming.
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January 31, 2016, 02:38:11 PM |
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Well for me half a year if the price increase above 500 i will exchange it into fiat wait again for cheap bitcoin price until halving ends.. But if the bitcoin has 100% potencial that the price will rise above 1000 usd but i think for know there is no sign that the price will rise above $1000.
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takingthis4
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January 31, 2016, 05:57:48 PM |
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for me a long term investment means that i could now put in about a thousand dollars and after ten years take out 100 thousand dollars
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Biodom
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January 31, 2016, 06:30:16 PM |
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for me a long term investment means that i could now put in about a thousand dollars and after ten years take out 100 thousand dollars
most people cannot make long term liquid investments and sell pretty much at breakeven. real estate is different because people know that it is typically better to wait as long as possible before selling (if ever). personally, I can never wait above 10X profit on a stock trade.
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2Pac
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January 31, 2016, 06:34:19 PM |
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I hear people talking about holding Bitcoin as long term investment and such, but what is long term for you?
I personally find long term to be at least 2 years where I hold my coins without touching them. Short term is 1-2 years. Medium term is 2-5 years and long term is at least 5 years, usually used for 10+ years.
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The Sceptical Chymist
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January 31, 2016, 07:00:18 PM |
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With stocks I consider 10-20 years long term, though some people would definitely disagree with that. I'm not sure about bitcoin and where I stand with it and how I feel about its future. There is a definite possibility it won't even exist in 20 years, so I'm not necessarily thinking long term with it.
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Racey
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January 31, 2016, 07:05:51 PM |
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My long term is life, I keep it for my family.
Keys and passwords are in safe keeping.
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And its gone.
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darkangel11
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January 31, 2016, 08:10:14 PM |
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My long term is life, I keep it for my family.
Keys and passwords are in safe keeping.
Life? When will be the time to sell, after your death? What is all this coin worth if you never see it turn into actual wealth and die hoping others will?
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bearex
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January 31, 2016, 08:44:34 PM |
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For me it depends on the price:D But long term is for me, like 5 years.
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chokesir
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January 31, 2016, 09:07:28 PM |
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For bitcoin 3 months is very long. For stocks 3 years is quite long. So it depends on the time.
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Racey
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Soon, I have to go away.
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January 31, 2016, 09:09:44 PM |
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My long term is life, I keep it for my family.
Keys and passwords are in safe keeping.
Life? When will be the time to sell, after your death? What is all this coin worth if you never see it turn into actual wealth and die hoping others will? I do not care about any wealth, as I have had nothing all my life so I used to that. If I pass it on to my son, maybe he can benefit from it. I dont have much btc at the moment you could spend it in one go its almost 570.557 USD ( 396.8756 GBP)not worth much these days, but I strive to get more.
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And its gone.
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richardsNY
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January 31, 2016, 09:11:59 PM |
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For bitcoin 3 months is very long. For stocks 3 years is quite long. So it depends on the time.
3 months is nothing for a serious Bitcoin holder. For people who are chasing quick profits 3 months can be seen as very long. Even 1 month is long for them. I don't count these people as Bitcoin holders.
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coinplus
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February 01, 2016, 04:50:48 AM |
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For bitcoin 3 months is very long. For stocks 3 years is quite long. So it depends on the time.
3 months is nothing for a serious Bitcoin holder. For people who are chasing quick profits 3 months can be seen as very long. Even 1 month is long for them. I don't count these people as Bitcoin holders. When you are talking about a long term investment, 3 month isn't something to consider about at all. For a persistent bitcoin holder, he wouldn't even consider 3 months has a period with which he can make his withdrawal. He would prefer to hold bitcoins for a long period and hope that the price of bitcoin rises so that he could make more profit. For bitcoins, i think if there is consistency in profit and it comes at the right times too, anytime is not too long.
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RyNinDaCleM
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February 01, 2016, 05:16:14 AM |
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For bitcoin 3 months is very long. For stocks 3 years is quite long. So it depends on the time.
3 months is nothing for a serious Bitcoin holder. For people who are chasing quick profits 3 months can be seen as very long. Even 1 month is long for them. I don't count these people as Bitcoin holders. Heh, 90% of the time, a week is far too long for my trading account. It's a different story for my cold storage, but those are essentially free so they will be in profit as long as someone is willing to pay any amount for them. As such, They can sit, basically forgotten about for a long ass time. Probably 5 digits somewhere. I haven't decided on my "Good enough" price yet
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Swordsoffreedom
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February 01, 2016, 05:16:57 AM |
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I hear people talking about holding Bitcoin as long term investment and such, but what is long term for you?
I personally find long term to be at least 2 years where I hold my coins without touching them.
Periods under 3 months are short term investments 3 months to 1 year is a mid length investment Over 1 year is a fairly long term investment 3 years + Example holding on to oil stocks until the economy picks up again and those shares start rallying is a long term investment. Bitcoin anything over a week is a long term investment if your trading lol.
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