Bitvestmint (OP)
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June 10, 2016, 07:32:52 PM |
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In traditional investments, long term is most often considered to be a minimum of 5 years. But bitcoin seems to live its life in hyper drive, hence the question to the bitcoin world, what is long term to the average bitcoin investor?
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philiveyjr
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June 10, 2016, 07:43:27 PM |
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Long term for me if I was investing in bitcoin would be 10-15 years from 2008, after that I wouldn't call it long term due to the volatility. But despite being long term, I wouldn't call it a wise option for long term investment, because it has never been easy to say that the price would go up or down.
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LFC_Bitcoin
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June 10, 2016, 07:48:05 PM |
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Long term for me is 5 years or more, I think the best thing to do right now is invest & HODL for even up to or over 10 years.
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shogdite
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June 10, 2016, 07:54:32 PM Last edit: June 10, 2016, 09:10:55 PM by shogdite |
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In traditional investments, long term is most often considered to be a minimum of 5 years. But bitcoin seems to live its life in hyper drive, hence the question to the bitcoin world, what is long term to the average bitcoin investor?
To me when I buy for long term I am actually buying for 5+years. I say at least 50% of my bitcoin will not be touched for a decade, (god willing) maybe they will sooner if something happens to me and family cash out. To the average bitcoin investor I would agree with the hyper drive mentality and long term to them would be one year.
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its1me
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June 10, 2016, 08:12:36 PM |
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i hope btc grow non stop next years... why not ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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DeathAngel
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June 10, 2016, 08:20:12 PM |
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I think if you have some bitcoin's it's always a good idea to try & save some for the future incase the price explodes so I think people should be invested for over 5 years. Hopefully the price doesn't tank though or that'd be awful
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Cuidler
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June 10, 2016, 08:40:39 PM |
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I do not consider 5 years long term investment, more like medium term investment. I personaly buy and hold most of my Bitcoins, I dont have time set, just when it happens I really need the saved Bitcoins, Im gonna spend it. The second, very unlikely condition, if the price really skyrockets at least 100x so it would be real life changing wealth for me.
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lalala123456
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June 10, 2016, 08:44:00 PM |
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I'm in for the 10 years +, before I even consider selling ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Velkro
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June 10, 2016, 08:59:53 PM |
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In traditional investments, long term is most often considered to be a minimum of 5 years.
as you can see in results of voting, bitcoin is no diffirent here if you want to invest in smth, you must give it time to do its magic doesnt matter if it is company or magic internet money ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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RealBitcoin
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June 10, 2016, 09:41:24 PM |
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Long term is pretty much 10 year+
If you were to have say 100 BTC at this time, then if it will become 10,000 USD/BTC then you will have 1 million $.
It is a totally possible scenario that in 10 years we will see 10k bitcoin. I am positive about it's outcome!
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unamis76
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June 10, 2016, 10:26:04 PM |
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I'd have to agree with some users and say that long term is at least 10 years...
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hendra147
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June 10, 2016, 10:37:37 PM |
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5 years is a good time I thought, surely we will pass some of the highest price every year. but for the long term you have to really patient seems, because bitcoin prices fluctuating and sometimes stable for long time.
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European Central Bank
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June 10, 2016, 10:45:12 PM |
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I'm a long termer but if I did have significant skin in the game I'd keep a careful eye on things and be ready to run if necessary. The whole thing could unravel pretty darned rapidly in the case of technical disasters, the Chinese government going all out to squash it and plenty else besides.
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reRaise
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June 10, 2016, 10:45:38 PM |
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2 year
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janggernaut
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June 10, 2016, 11:30:07 PM |
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For me longterm is around 3-5 years, just hope im not missed when the value of bitcoin reach highest price like in 2013 when it was hit $1200
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Bitvestmint (OP)
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June 11, 2016, 02:49:51 AM |
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Do you buy bitcoin on a regular basis?
If so, how many a year?
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pooya87
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June 11, 2016, 03:20:25 AM |
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In traditional investments, long term is most often considered to be a minimum of 5 years. But bitcoin seems to live its life in hyper drive, hence the question to the bitcoin world, what is long term to the average bitcoin investor?
long term for me is more than 5 years but i am not just holding my bitcoin blindly for this five years because bitcoin is not stocks to sleep on it. i would like to see bitcoin as a currency and also as something that i constantly trade so i dedicate some portion of my holding to these two things that i mentioned. but the rest is in cold storage and will be kept for 5+ years
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Cybertron00
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June 11, 2016, 03:29:42 AM |
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For me long term investment in bitcoin is more than 5 years. I trade some of my bitcoin into fiat and I always leave 20% of what I earn freely to my bitcoin wallet and keep it there long term.
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MicroGuy
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June 11, 2016, 03:39:56 AM |
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In traditional investments, long term is most often considered to be a minimum of 5 years. But bitcoin seems to live its life in hyper drive, hence the question to the bitcoin world, what is long term to the average bitcoin investor?
It would be similar to the traditional definition for most bitcoin investors. Cryptocurrencies are going to change the world much like the auto and airplane changed travel! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) ~~
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romero121
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June 11, 2016, 03:40:01 AM |
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In bitcoin long term were at least above 2years. I won't prefer long term investment with bitcoin as their is no assurance of future happening. I make investment depending upon the price fluctuation taking place.
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