Soo, I'm planning on buying €1000 in bitcoins. Yes or no?

[Fatanut]

Do it as soon as possible ! Then put it in a cold wallet and forget about it for a decade. Then enjoy : your money has been multiplied !

Forget about it for a decade? Would you expect someone to suddenly remember about it after 10 years? If I were to do that, I will not forget the fact that I have some bitcoins reserved for the future. Forgetting about it for a decade might just lead to forgetting about it forever. Thus, losing capital and potential profit.

If you can hold the bitcoin for 10 years and the price double every two years, that will be a lot in that period.

Apparently, that's not how it works. It's very unlikely that the price will double every two years. Doubling the price every two years in 10 years will be 685 * (2^5) = 21,920 $. That is not realistic at all because of this constant hatred and bad reputation that the media is giving us.

[1714581652]

1714581652

[deisik]

Do it as soon as possible ! Then put it in a cold wallet and forget about it for a decade. Then enjoy : your money has been multiplied !

Forget about it for a decade? Would you expect someone to suddenly remember about it after 10 years? If I were to do that, I will not forget the fact that I have some bitcoins reserved for the future. Forgetting about it for a decade might just lead to forgetting about it forever. Thus, losing capital and potential profit.

If you can hold the bitcoin for 10 years and the price double every two years, that will be a lot in that period.

Apparently, that's not how it works. It's very unlikely that the price will double every two years. Doubling the price every two years in 10 years will be 685 * (2^5) = 21,920 $. That is not realistic at all because of this constant hatred and bad reputation that the media is giving us.

Such predictions make no sense altogether. We don't even know for sure that the US dollar as we know it today is not going to disappear soon. On the other hand, even if it is not going to disappear, its inflation rate may spike like it did in the 1970s when it was in the two digits range per annum (namely, the Consumer Price Index):



As it started after gold had been divorced with the dollar in 1971

[Greenenergy]

Do it as soon as possible ! Then put it in a cold wallet and forget about it for a decade. Then enjoy : your money has been multiplied !

Forget about it for a decade? Would you expect someone to suddenly remember about it after 10 years? If I were to do that, I will not forget the fact that I have some bitcoins reserved for the future. Forgetting about it for a decade might just lead to forgetting about it forever. Thus, losing capital and potential profit.

You know, I did not meant to litterally forget about it ! I just meant to let it sit in a paper wallet or whatever you'll like and don't touch it : don't invest it in ICOs, don't gamble with it...

[freedomgo]

Do it as soon as possible ! Then put it in a cold wallet and forget about it for a decade. Then enjoy : your money has been multiplied !

Forget about it for a decade? Would you expect someone to suddenly remember about it after 10 years? If I were to do that, I will not forget the fact that I have some bitcoins reserved for the future. Forgetting about it for a decade might just lead to forgetting about it forever. Thus, losing capital and potential profit.

You know, I did not meant to litterally forget about it ! I just meant to let it sit in a paper wallet or whatever you'll like and don't touch it : don't invest it in ICOs, don't gamble with it...

Putting in paper wallet and considering of not touching it is like you are opening a time deposit in a bank but what is more beneficial with bitcoin is that you can earn more interest compared to putting your money in the bank. You can prove that by the recent price increase.

[Pitchblackroom]

With the recent rise in Bitcoin's prices, it would be better to buy the 1000 Euros of Bitcoins now rather than later.
Although he has probably made his decision already at this point, it would of probably been ideal to have bought this at the beginning of this year rather than now.

[Rostadom]

Go for it only if you're sure that you're not going to be impatient and sell it. Make sure you don't need that money for a couple of years or even a decade. Holding your bitcoin is a good investment for people who are not an expert at something, have no time to establish his own business, wants to have a "passive income", and for people who wants to have another source of income instead of just putting their money in the bank.

[Zalfrin]

Go for it only if you're sure that you're not going to be impatient and sell it. Make sure you don't need that money for a couple of years or even a decade. Holding your bitcoin is a good investment for people who are not an expert at something, have no time to establish his own business, wants to have a "passive income", and for people who wants to have another source of income instead of just putting their money in the bank.

Yeah and investing in bitcoin is anytime good but to be honest I feel that current price is bit high to buy bitcoins as it may fall down in coming days so its better to wait for a while and wait for the price drop as if you buy now and if price crashes then it will bring loss for you so its better to have some patience and take decision accordingly.

[Fatanut]

Yeah and investing in bitcoin is anytime good but to be honest I feel that current price is bit high to buy bitcoins as it may fall down in coming days so its better to wait for a while and wait for the price drop as if you buy now and if price crashes then it will bring loss for you so its better to have some patience and take decision accordingly.

It will not bring loss to you if you don't sell at that time. Nobody's forcing you to sell at a lower price. I think that most people that have the same mindset as yours are the people that lose the most opportunity. You can buy right now at 700$ range but you're still waiting for a "dip". What if we never dip at this price range? What if we continue rising up? Then you just lost more money.

I think buying bitcoin at the time that you wanted is actually okay. You don't have to wait for a major dump before you buy. Bitcoin will always rise up over time so don't mind if you lose some potential earning.

[deisik]

Do it as soon as possible ! Then put it in a cold wallet and forget about it for a decade. Then enjoy : your money has been multiplied !

Forget about it for a decade? Would you expect someone to suddenly remember about it after 10 years? If I were to do that, I will not forget the fact that I have some bitcoins reserved for the future. Forgetting about it for a decade might just lead to forgetting about it forever. Thus, losing capital and potential profit.

You know, I did not meant to litterally forget about it ! I just meant to let it sit in a paper wallet or whatever you'll like and don't touch it : don't invest it in ICOs, don't gamble with it...

Putting in paper wallet and considering of not touching it is like you are opening a time deposit in a bank but what is more beneficial with bitcoin is that you can earn more interest compared to putting your money in the bank. You can prove that by the recent price increase.

Personally, I would hardly dare such a comparison. Even if all other things are kept the same (money appreciation and depreciation rates, before all), with time deposits in the bank you are guaranteed some interest, so that you will have a greater amount of the currency you opened your deposit in at the end of the day. With Bitcoin, you will have exactly the same amount of bitcoins, obviously, no matter how long you may keep them. In reality though, Bitcoin price may plummet a few times as quickly as it could spike. In this way, an interest earned on a bank deposit has little to nothing to do with Bitcoin volatility...

Which seems to be the proper term to use here (instead of "interest" as you mean it)

[Wandering Soul~]

For me, this is kind of a huge investment, but should I actually do it?

What are the risks of doing this?

Looking at the price chart, I guess there is a 80% Chance that you will gain profit from it plus the amount that you are investing is really huge so expect some good profits from it  

Of course there is always a risk in everything but the people who takes the risk  are the ones who succeed.
If you are still unsure, You can just lower the price of your investment

[Betwrong]

Yes  €1000 is a lot of money, for me at least, but if you can afford it you should buy those BTCs as soon as possible. I'm not saying that you will profit big time soon, but if also you can afford to wait several years you might profit big, yes.

[ipanks]

for me, €1000,- is a lot of money and i don't know how long i can collect that amount. and yes if i have that amount, i will buy bitcoin and gold and make bitcoin and gold as my new investments. it will give me a big profit by having both in my hands.

[icecube45]

Can be spelled out it would be very beneficial but with a high risk. If you believe you can do it, and if successful you will get many benefits because if fluctuations bitcoin increase the sums previously will be more and grow. Bitcoin fluctuations decreases the risks if you will suffer a loss. But according to my bitcoin prices will increase so you will certainly benefit. Due to fluctuations in bitcoin has increased.

[Zalfrin]

Yes  €1000 is a lot of money, for me at least, but if you can afford it you should buy those BTCs as soon as possible. I'm not saying that you will profit big time soon, but if also you can afford to wait several years you might profit big, yes.

Yes and if you want to make higher profits then you need to hold them for a very long time but if you are satisfied with quick and small profits then try to take advantage from each and every fluctuation that you come across as that's the better way to make profits instead of holding them too long.

[gabmen]

Yes  €1000 is a lot of money, for me at least, but if you can afford it you should buy those BTCs as soon as possible. I'm not saying that you will profit big time soon, but if also you can afford to wait several years you might profit big, yes.

Yes and if you want to make higher profits then you need to hold them for a very long time but if you are satisfied with quick and small profits then try to take advantage from each and every fluctuation that you come across as that's the better way to make profits instead of holding them too long.

Yeah but with that big amount i think it's best to purchase btc now and then hold on to it.  Btc is continually rising and i think you'll be one happy guy when the time comes that you can let go of it already

[noictib]

For me, this is kind of a huge investment, but should I actually do it?

What are the risks of doing this?

actually this is bad descion to buy of uro 1k money to bitcoin . because it is the time at which the price of bitcoin ia very high and still ia looking to remain stable for one week .
so you need just wait for some weeks  .

[pereira4]

It's never a bad idea to buy bitcoin and hold long term. If you are patient enough, you will end up with a lot more purchasing power.

$1,000 is a nice round number, so is 10 years. In 10 years, those $1,000 could be $100,000, it's worth the shoot.

[Monnt]

Do it as soon as possible ! Then put it in a cold wallet and forget about it for a decade. Then enjoy : your money has been multiplied !

That is it, when he buys bitcoin worth that amount and leave it for the next decade, then that amount must have turn out to be like 100,000 to 1000,000 for sure because there is every likelihood for such thing to happen as the price of bitcoin keep rising day by day and getting adoption by serious minded people, it seems.

[South Park]

Do it as soon as possible ! Then put it in a cold wallet and forget about it for a decade. Then enjoy : your money has been multiplied !

Forgetting about it it’s not a good idea since you could actually forget about it and never recover those coins, the value of the coins could multiply that is true but with no way to access it then you will be in trouble.

[Bitonly88]

Do it as soon as possible ! Then put it in a cold wallet and forget about it for a decade. Then enjoy : your money has been multiplied !

Forgetting about it it’s not a good idea since you could actually forget about it and never recover those coins, the value of the coins could multiply that is true but with no way to access it then you will be in trouble.

Oh yes, the main thing not to forget the password to the wallet. Then it will be certainly successful investment. Still not too late to buy Bitcoins.