Bitcoin is a good investment now, because...

[msur_eg]

yess bitcoin is a very good investment .holding bitcoins to a very high level means controlling the whole world in the next century but i would suggest u to sell ur bitcoins once in a month because u dont know  when bitcoin will be banned in ur country,.

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[tee-rex]

I do not think that it is really possible to be in a stable $700-800 window and still be volatile. In such a case it would be far to easy to say when to buy and sell. This would result in a still mate since at $800 everybody would want to sell, but nobody would want to buy. Stable but not volatile.   

Lol if you say stable of course it is not volatile.  This two are contrasting terms and you should have used "and" not "but".  It just make your line "stable but not volatile" senseless.  I don't know but your sentence structure is contrasting making it confusing.

I don't think that bitcoin will stay long at $780-$790.  Many analyst says bitcoin is bullish at this moment and anytime it will break $800 barrier.  They said new money is moving in so it is possible that Bitcoin will be @ $850 at the end of the year.

Please do not quote me without the context. This was an answer to a poster who made the premises that the price would stabilize in the window of $700-800. I only took his premises and showed that this is not possible. Hence my conclusion that you can only have a stable or a volatile price but not both at the same time.

You seem to have misunderstood my point. I don't mean that the price will be moving from $700 to $800 and back again. It could move erratically without any pattern whatsoever, but saying that the price won't be able to stabilize in some price window for longer doesn't make much sense, in my view. For example, the dollar/euro currency pair is trading in a rather tight range and that has been so for years, therefore there is no reason to think that a similar or somewhat wider range, in percentages, can't establish itself for Bitcoin too.

the problem is that you can only look at the history and give a window for what have been. because if you know that there is a window and the Bitcoin price will stay guaranteed in this window of let us say $700-800, then i will not care if the price changes erratically or not. If he is at $800 he will go down or stay there and at this point you have perfect stability, because everybody would want to sell since this would be the only way of making a profit, but nobody would want to buy since it would be a guaranteed lost.

I'm obviously not telling that Bitcoin will be stuck in that range for good, but just because most people will think that it won't stay in some range as you try to prove, it may in fact stay there for long enough time frame. A lot of people were guessing that Bitcoin will not jump over 800 because they believed that there should be a correction, but Bitcoin continues to grow. It seems to be just one of those cases when the majority is always wrong in the end.

[RajaJudi]

Bitcoin is a good investment now, because the price of bitcoin is so high right now and i'm sure bitcoin will become the next gold and someday bitcoin become popular and all people around the world will use bitcoin. That's why bitcoin is a good investment.

I think bitcoin is already popular since a lot of popular companies like microsoft are already using bitcoin as a payment option, and the price of bitcoin are steadily increasing, I think this is a good chance to invest now on bitcoin after it will hit next year.

this is new to me. I do not realize that Microsoft has already accepted Bitcoin in their business. It is very good chance for someone who decide to own Bitcoin for themselves. Let's apply to Microsoft and we may have some extra Bitcoin

[ibuddy122505]

Exactly It seems reasonable so no doubt about that.Bitcoin is the currency of the Internet distributed worldwide.Also the performance of bitcoin in 2016 so impressive.Compared to any other currency can be said that bitcoin still makes it a good investment.In finishing look out the other ordinary currency and some of the key reasons to consider bitcoin such a good investment.

[BeGoods]

Bitcoin is a good investment now, because the price of bitcoin is so high right now and i'm sure bitcoin will become the next gold and someday bitcoin become popular and all people around the world will use bitcoin. That's why bitcoin is a good investment.

I think bitcoin is already popular since a lot of popular companies like microsoft are already using bitcoin as a payment option, and the price of bitcoin are steadily increasing, I think this is a good chance to invest now on bitcoin after it will hit next year.

bitcoin is more famous than ever, yeah it was evident by the increasing number of large enterprises accept bitcoin and more and more people using bitcoin. bitcoin certainly be much more famous in the future, and this is a potential bitcoin, and it could be an opportunity to make a profit, and therefore bitcoin is a good investment

[hawkins]

Bitcoin is a good investment now, because the price of bitcoin is so high right now and i'm sure bitcoin will become the next gold and someday bitcoin become popular and all people around the world will use bitcoin. That's why bitcoin is a good investment.

I think bitcoin is already popular since a lot of popular companies like microsoft are already using bitcoin as a payment option, and the price of bitcoin are steadily increasing, I think this is a good chance to invest now on bitcoin after it will hit next year.

bitcoin is more famous than ever, yeah it was evident by the increasing number of large enterprises accept bitcoin and more and more people using bitcoin. bitcoin certainly be much more famous in the future, and this is a potential bitcoin, and it could be an opportunity to make a profit, and therefore bitcoin is a good investment

bitcoin bitcoin popularity will bring to a better place. by investing the money you have into shape bitcoin, it can make you generate a lot of money in the future. you can see the development of bitcoin is the case today. every day people using bitcoin indefinitely for their purposes, such as business. it could make bitcoin has a high price, and not only that, bitcoin has also been used as the best money on the internet.

[cinchin]

Because Bitcoin price stabilizes,potential is huge,profit high.Maybe Bitcoin will replacement real money and combined with gold

[virtualkeybuyer]

Bitcoin is a good investment now because it is has been and it will be a good investment simply because of the fact that people will want to invest where there will be returns and Bitcoin has continue to offer that and it has not fail to do this. For example last week it was in the range of $750-$780 but this evening at Blockchain, it has gone to $790 and there are predictions that it will go as high as $800 by Christmas.

You are right Christmas really have a very great affect on the value of bitcoin and a number of people are considering it as a good investment and are putting their money in bitcoin. For me it is also the reason that I consider bitcoin as a good investment and are putting my money in bitcoin.

[Text]

Bitcoin is really a good investment now because for the main reason, it is profitable. We can make money online using it. It is a great opportunity that cryptocurrency investor should be grabbed on. It is getting more and more popular.

[cryp24x]

Bitcoin is really a good investment now because for the main reason, it is profitable. We can make money online using it. It is a great opportunity that cryptocurrency investor should be grabbed on. It is getting more and more popular.

I agree that bitcoin is a good investment now.  Bitcoin is getting popular each day.  More and more users are getting involve with bitcoin, either as user or investors.  Aside from that people from trading industry says that bitcoin today is bullish making bitcoin to have an uptrend.  So investing in bitcoin today is advisable.

[dawnpot]

It's a good investment because it has the tendency to rise and fall( but almost always rising lately) and it will be halving in 20 years so getting a few BTC's can secure your pension.

[danherbias07]

Because it is a badass. 

Just look at where it is now. You could reminisce way back it was just $300+ then try to view it again and you will how cool to have even just 1 bitcoin in your wallet.

[shinratensei_]

Because it is a badass. 

Just look at where it is now. You could reminisce way back it was just $300+ then try to view it again and you will how cool to have even just 1 bitcoin in your wallet.

https://bitcoinwisdom.com/markets/bitfinex/btcusd

That's really cool. Over $805 and still, increase. may soon we will see about the price will over $850 in a short time. Early 2017, I was optimism with this. Totally the green waves were happening since the middle of 2016.

  The true power of crypto.

[hakanbalta577]

Actually i dont have much technical knowledge about the bitcoin but since i have been in the bitcoins world the bitcoin price has been tripled in almost last 1-2 year and i never seen any one in loss after buying the bitcoins.Seeing the present and its history i feel bitcoin is a really good investement.

[20kevin20]

Because it is a badass. 

Just look at where it is now. You could reminisce way back it was just $300+ then try to view it again and you will how cool to have even just 1 bitcoin in your wallet.

Nobody had believed in 2012 that Bitcoin will go over $50 EVER. And one year later it didn't go up to $50.. It went up to $1200! Huge increase in such a short time. Imagine having 100 Bitcoins in 2012 (1BTC was $10) and one year later the $1k you spent suddenly turns into $120000. This was caused by the halving which took place only once ever since Bitcoin has been released. The second halving took place a few months ago.. Will we see the same effect taking place soon??

[Vaskiy]

Bitcoin is really a good investment now because for the main reason, it is profitable. We can make money online using it. It is a great opportunity that cryptocurrency investor should be grabbed on. It is getting more and more popular.

Bitcoin is quite interesting when we think of the way it grew from the scratch. Bitcoin from the beginning has been evolving as a technological advancement which has been turned as a potential investment based upon the growth of price.

[Indijanos]

Because it's growing in popularity and it's harder and harder to mine bitcoins, so there will be a price rising and todays 800$ for tomorrows 2k$ is mostly a low sum, so it's still good to buy bitcoins, invest in them now for the future year or two.

[senyorito123]

Bitcoin is a good investment now because it is has been and it will be a good investment simply because of the fact that people will want to invest where there will be returns and Bitcoin has continue to offer that and it has not fail to do this. For example last week it was in the range of $750-$780 but this evening at Blockchain, it has gone to $790 and there are predictions that it will go as high as $800 by Christmas.

You are right Christmas really have a very great affect on the value of bitcoin and a number of people are considering it as a good investment and are putting their money in bitcoin. For me it is also the reason that I consider bitcoin as a good investment and are putting my money in bitcoin.

If your looking for a good return bitcoin is the best investment you can do.popularity of bitcoin increasing day by day so it means more investors will come and more investors have interest into it  , mostly this month when many people have a Christmas bonus to recieve ,they will purchase BTC and wait for it  next year so it's easy profit for them ,if the price continue to increase.

[calkob]

I would say that bitcoin is currently a dodgey short term investment due to the recent uptrend but in the long term i think it is very good. 

[DIX]

Good news about bitcoin


Trump Adds a Bitcoin Supporter to his Cabinet
December 20, 2016

When it comes to bitcoin, the current year seems inexplicably linked to the US election. At the beginning of the election cycle, it seemed that the bitcoin would figure greatly in the process as the US lawmakers started accepting it as a means of a campaign contribution. After that, the news of TrumpCoin seemed to throw everyone all over the place as most experts could not agree on what their significance actually is.

But then, after Election Day, bitcoin was provided with an expected boost that was predicted in the case of a Trump victory. In the insecurity and the commotion in the markets, many like before started buying up bitcoin and trying to build a diversified portfolio that could weather the storm. Since then, the storm failed to materialize, but the state of BTC on the market is better that anyone would have expected for the end of 2016.

Now, with less than 10 days until the year is done, another interesting news relate to Trump came from the US which is very relevant to bitcoin – a republican politician who is a long-term and staunch BTC supporter was given a chance to join the president-elect future cabinet. His name is Mick Mulvaney and here is a breakdown of why he could be a big friend to the bitcoin community in the US, but also in the broader Western financial domain.
Congressman Mick Mulvaney

Mulvaney is a Republican who is by many considered a part of the conservative faction in the party. He comes from South Carolina and is seen as a supporter of bitcoin with a very long track record in this regard. Now, Trump has chosen him to be the man behind the Office of Management and Budget. According to the president-elect, Mulvaney will be able to make smart choices related to the US budget, provide an additional level of accountability to the same branch of the federal government and essentially renew the trust of the ordinary citizens in the way their tax dollars are being spent.

The statement is very much in the line with Trump’s overall approach to important questions, but when the financial bravado is disregarded, Mulvaney is still an interesting figure. In the beginning months of 2014, he said after a Small Business Committee hearing on bitcoin that the issue is not mainstream yet (at that point) but that the phenomena is of a great interest to the public that could potentially one day influence the US currency and the country’s overall monetary policy.

At that point, the choice of words and the direction in which the congressman’s ideas on digital currency seem to be heading sounded very promising to the bitcoin leaders. In 2014, BTC has been already in use as a means of purchasing service, betting online using bitcoin and doing many other things, but it was really far from the mainstream, as Mulvaney observed. But, his foresight turned out to be true in the modern world where bitcoin cannot be easily ignored by anyone, especially the US.
Mulvaney and Practical Action

Aside from the rhetoric, Mulvaney seemed determined to apply his knowledge and sentiment in a more direct manner. He reached the history books by being the very first member of Congress who openly accepted bitcoin as a form of making donations. He also used BTC as a vector of political attack to question the conduct of Federal Reserve once it became clear that the digital currency is gaining popularity.

In this regard, the congressman demonstrated both the ability to foresee the coming future in the financial domain and use the same data to score political points in the present. While some might be turned off by this approach, its usability to Mulvaney is unquestionable.

At the same time, appreciation of digital currency usually comes with an awareness of personal needs, which is something that was always close to the core values of BTC. Mulvaney appears to fully grasp and accept this principle.
Blockchain Stance

With this positive disposition towards bitcoin, it is no surprise that Mulvaney also believes that blockchain represents an important new technology. As he put it, the same tech has the potential to provide the US with a revolution in the financial services that could impact the economy and government services. Because of this, he was proud to lend his support to the same initiative.

Analysts used these and other statements to construct that Mulvaney essentially believed that the Federal Reserve devalued the dollar and made economic growth a lot more difficult. At the same time, the reason he appreciates bitcoin is the fact that it is not controlled by any formal government or some other political body.

From all available data, it looks like Mulvaney comes to the position with an understanding of bitcoin and blockchain, but also a readiness to apply the same knowledge. This could be a huge asset for the US bitcoin community, but also those who desire to expand their blockchain business or startup in the country.
A Cabinet of Bitcoin Supporters

The Trump administration comes with a range of individuals who support bitcoin in some shape or form. Peter Thiel, who is a supporter of this cryptocurrency and a direct investor in BitPay, is his advisor. Milo Yiannopoulos, a strong voice in the Breitbart News team whose key founder has been Trump’s chief strategist is also a bitcoiner. Interestingly, Yiannopoulos is also a strong eSports supporter, having a permanent posting on his team for this area. eSports has also been a tightly connected area with bitcoin.

All of these voices provide the Trump camp with a block that is certainly pro-bitcoin. However, it looks like many of them came to the cryptocurrency because of its libertarian atmosphere and anti-government sentiment that some connect it to. But, this line of reasoning is not all in the bitcoin community share, so the future of the same marriage is hard to be accurately predicted, similar to most things in the future Trump-lead US.

But, in spite of this, there is little doubt that Mick Mulvaney’s posting is welcomed news in the bitcoin community.

Source: CryptoCoinsNews