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Author Topic: Bitcoin: Best investment in 2017?  (Read 9420 times)
mynhpark
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April 27, 2017, 02:45:48 PM
 #1

Bitcoin price has outperformed every reserve and fiat currency across the world year to date, yet again. By outperforming the US dollar by over 30 percent, Bitcoin surpassed the growth of the Mexican Peso, Silver, Gold and Russian Ruble to become the best performing currency so far in 2017.

Thus far, 2017 has been a successful year for both Bitcoin investors and alternative cryptocurrency (altcoin) traders, with leading altcoins or crypto assets such as Ethereum achieving a $5 bln market cap in early April. The Bitcoin market, however, experienced some major changes in its ecosystem earlier this year. The major driving force of Bitcoin price in 2017 is suspected to be the resolution of the Bitcoin network’s current scalability problems.

The Bitcoin network’s one MB cap on block size is causing Blockchain congestion, a drastic increase in fees at times and long confirmation times. If Bitcoin scalability issues are addressed within this year, with innovative solutions such as Bitcoin Core’s Segregated Witness (SegWit), Andrew Lee’s Extension Blocks or other potential emerging solutions, Bitcoin price will most likely demonstrate an exponential mid and long-term increase.

Would you invest in BTC this year?

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April 27, 2017, 03:06:11 PM
 #2

Well you forgot one thing dude. It is now almost at the price range of diamond, 1 carat of diamond.

Investing in bitcoin is for long term. Because the price of it is increasing up to the point of comparing it to the price of 1 carat of diamond. So its really worth to invest it now and its never to late. By the next couple of years bitcoin might be reaching the 2-3K USD or more. And mass adoption is also there so its better to invest in bitcoin because its gonna be worth in long term.



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April 27, 2017, 03:42:56 PM
 #3

Well you forgot one thing dude. It is now almost at the price range of diamond, 1 carat of diamond.

Investing in bitcoin is for long term. Because the price of it is increasing up to the point of comparing it to the price of 1 carat of diamond. So its really worth to invest it now and its never to late. By the next couple of years bitcoin might be reaching the 2-3K USD or more. And mass adoption is also there so its better to invest in bitcoin because its gonna be worth in long term.
If you want to be among The richest people on earth before 2020 then buy bitcoins now and hold. The way price is pumping up this days I think very soon maybe some where before the end of 2017 bitcoin might be trading above $2000. May the gods of bitcoin be among us.

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April 27, 2017, 03:48:49 PM
 #4

Bitcoin price has outperformed every reserve and fiat currency across the world year to date, yet again. By outperforming the US dollar by over 30 percent, Bitcoin surpassed the growth of the Mexican Peso, Silver, Gold and Russian Ruble to become the best performing currency so far in 2017.

Thus far, 2017 has been a successful year for both Bitcoin investors and alternative cryptocurrency (altcoin) traders, with leading altcoins or crypto assets such as Ethereum achieving a $5 bln market cap in early April. The Bitcoin market, however, experienced some major changes in its ecosystem earlier this year. The major driving force of Bitcoin price in 2017 is suspected to be the resolution of the Bitcoin network’s current scalability problems.

The Bitcoin network’s one MB cap on block size is causing Blockchain congestion, a drastic increase in fees at times and long confirmation times. If Bitcoin scalability issues are addressed within this year, with innovative solutions such as Bitcoin Core’s Segregated Witness (SegWit), Andrew Lee’s Extension Blocks or other potential emerging solutions, Bitcoin price will most likely demonstrate an exponential mid and long-term increase.

Would you invest in BTC this year?

I think it's too late to invest in bitcoin. Since the price of one coin is too high and no one knows what will happen tomorrow.

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April 27, 2017, 03:57:12 PM
 #5

I am already in for investment and trend will continue to be same by me this year too. I am not gonna sell my Bitcoins, rather gonna hold them as it is for another one year and will happy to see the charm of increase for another one year!!
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April 27, 2017, 04:12:49 PM
 #6

I think that OP and also many participants in this thread has forgotten one very important thing.
Bitcoin has risen up to 1300$ (it is even about 1330$ per one now, lol) so the price exceeds the price of gold, also it is basically the all-time high, which is a very important thing for bitcoin.
Another significant change I have spotted right now, is that the 1300$ levels was a really big resistance area, and now the candles have broken it from the downside.

I think that investing in bitcoin might be a good idea, but only if you want to hold them during next 3-4 years. In other case, I would just wait for the incoming price drop, because the current price is simply too high (at least for me).


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April 27, 2017, 05:00:11 PM
 #7

Bitcoin price has outperformed every reserve and fiat currency across the world year to date, yet again. By outperforming the US dollar by over 30 percent, Bitcoin surpassed the growth of the Mexican Peso, Silver, Gold and Russian Ruble to become the best performing currency so far in 2017.

Thus far, 2017 has been a successful year for both Bitcoin investors and alternative cryptocurrency (altcoin) traders, with leading altcoins or crypto assets such as Ethereum achieving a $5 bln market cap in early April. The Bitcoin market, however, experienced some major changes in its ecosystem earlier this year. The major driving force of Bitcoin price in 2017 is suspected to be the resolution of the Bitcoin network’s current scalability problems.

The Bitcoin network’s one MB cap on block size is causing Blockchain congestion, a drastic increase in fees at times and long confirmation times. If Bitcoin scalability issues are addressed within this year, with innovative solutions such as Bitcoin Core’s Segregated Witness (SegWit), Andrew Lee’s Extension Blocks or other potential emerging solutions, Bitcoin price will most likely demonstrate an exponential mid and long-term increase.

Would you invest in BTC this year?

I think it's too late to invest in bitcoin. Since the price of one coin is too high and no one knows what will happen tomorrow.
Uhm, you don't have to buy 1 Bitcoin and for most people in first world countries that have a job, the price certainly isn't too high.
Yeah you don't know what will happen tomorrow, but that's the case for every single investment.

I guess we'll see in a few years if it would've been worth it to have invested now.


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April 27, 2017, 11:25:16 PM
 #8

I dont think so. The title should be: "ethereum: best investment in 2017". Ethereum has grown stronger than Bitcoin in this year since it has increased the price more than 5 times since the early 2017. Well, 2016 is for Bitcoin. 2017 is for ethereum and other cryptos


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April 27, 2017, 11:26:38 PM
 #9

Just look for other altcoins,btc is gone,skyrocketed already. Maybe litecoin or ethereum Roll Eyes

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April 27, 2017, 11:30:34 PM
 #10

Of course I willing to invest in bitcoin, I cant find a better investment than bitcoin, only in a year the price change a lot and this year the price still keep on rising, there will be no reason to stop investing in bitcoin and I dont know how long this opportunity will last, so I will invest as much as I can to get more profit
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April 28, 2017, 12:48:46 AM
 #11

I dont think so. The title should be: "ethereum: best investment in 2017". Ethereum has grown stronger than Bitcoin in this year since it has increased the price more than 5 times since the early 2017. Well, 2016 is for Bitcoin. 2017 is for ethereum and other cryptos
Lol shut the f*ck up with your dumb contract signature, don't you know ethereum is a foundation controlled by a private governmental dependent organization? they even trying to legitimize smart contracts in US if what I read was true.

I bet one reason behind this recent rise could be the banks blocking exchanges accounts and their clients but regardless the bitcoin price meant to rise and it will rise even higher and that's what I've been talking about the past year all along.
You guys could just sit back and just watch as the people with some balls taking the risk and well they're the ones who will benefit greatly in the future.

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April 28, 2017, 02:34:44 AM
 #12

Bitcoin price has outperformed every reserve and fiat currency across the world year to date, yet again. By outperforming the US dollar by over 30 percent, Bitcoin surpassed the growth of the Mexican Peso, Silver, Gold and Russian Ruble to become the best performing currency so far in 2017.

Thus far, 2017 has been a successful year for both Bitcoin investors and alternative cryptocurrency (altcoin) traders, with leading altcoins or crypto assets such as Ethereum achieving a $5 bln market cap in early April. The Bitcoin market, however, experienced some major changes in its ecosystem earlier this year. The major driving force of Bitcoin price in 2017 is suspected to be the resolution of the Bitcoin network’s current scalability problems.

The Bitcoin network’s one MB cap on block size is causing Blockchain congestion, a drastic increase in fees at times and long confirmation times. If Bitcoin scalability issues are addressed within this year, with innovative solutions such as Bitcoin Core’s Segregated Witness (SegWit), Andrew Lee’s Extension Blocks or other potential emerging solutions, Bitcoin price will most likely demonstrate an exponential mid and long-term increase.

Would you invest in BTC this year?
I already invested in bitcoin when it as was just around $1,200 even though it is not a full decision for an investment i still take the risk and buy some bitcoins and continue to hold it until now, i just saw the new ATH price of bitcoin and just surpassed the past ATH and it is a good sign for me and i'm planning to hold until $2,000.

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April 28, 2017, 12:24:45 PM
 #13

I dont think so. The title should be: "ethereum: best investment in 2017". Ethereum has grown stronger than Bitcoin in this year since it has increased the price more than 5 times since the early 2017. Well, 2016 is for Bitcoin. 2017 is for ethereum and other cryptos
Maybe I do not agree with what you say, friend. I am also investing in ethereum and it is true ethereum is developing very well and profitable if used for trading and investment, but in my opinion it is not exactly the best investment. For crypto, bitcoin is the best investment right now. Fluctuations that are always positive will be very profitable if used for investment, so in crypto, bitcoin is the best investment not ethereum. But indeed both are feasible if used for investment.


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April 28, 2017, 12:29:34 PM
 #14

If you want to be among The richest people on earth before 2020 then buy bitcoins now and hold. The way price is pumping up this days I think very soon maybe some where before the end of 2017 bitcoin might be trading above $2000. May the gods of bitcoin be among us.
2020 seems too early for your speculation, I agree with all your speculation except the timeframe. The gradual increase in bitcoin demand makes bitcoin prices keep on increasing every day. Hence it might need another five years at least to have some significant price levels like in millions.

Back to the topic, the best investment in 2017 must be bitcoins and I am very much sure in coming years too bitcoin will be achieving this. Because new investors will keep on increasing when seeing higher prices for bitcoin so this performance will continue.


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April 28, 2017, 12:45:17 PM
 #15

If you want to be among The richest people on earth before 2020 then buy bitcoins now and hold. The way price is pumping up this days I think very soon maybe some where before the end of 2017 bitcoin might be trading above $2000. May the gods of bitcoin be among us.
2020 seems too early for your speculation, I agree with all your speculation except the timeframe. The gradual increase in bitcoin demand makes bitcoin prices keep on increasing every day. Hence it might need another five years at least to have some significant price levels like in millions.

Back to the topic, the best investment in 2017 must be bitcoins and I am very much sure in coming years too bitcoin will be achieving this. Because new investors will keep on increasing when seeing higher prices for bitcoin so this performance will continue.

I'm not sure that investors will be too active to join bitcoin. Now the price of one coin is too high and not everyone can afford to buy it.
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April 28, 2017, 01:01:56 PM
 #16

Bitcoin price has outperformed every reserve and fiat currency across the world year to date, yet again. By outperforming the US dollar by over 30 percent, Bitcoin surpassed the growth of the Mexican Peso, Silver, Gold and Russian Ruble to become the best performing currency so far in 2017.

Thus far, 2017 has been a successful year for both Bitcoin investors and alternative cryptocurrency (altcoin) traders, with leading altcoins or crypto assets such as Ethereum achieving a $5 bln market cap in early April. The Bitcoin market, however, experienced some major changes in its ecosystem earlier this year. The major driving force of Bitcoin price in 2017 is suspected to be the resolution of the Bitcoin network’s current scalability problems.

The Bitcoin network’s one MB cap on block size is causing Blockchain congestion, a drastic increase in fees at times and long confirmation times. If Bitcoin scalability issues are addressed within this year, with innovative solutions such as Bitcoin Core’s Segregated Witness (SegWit), Andrew Lee’s Extension Blocks or other potential emerging solutions, Bitcoin price will most likely demonstrate an exponential mid and long-term increase.

Would you invest in BTC this year?
I already invested in bitcoin when it as was just around $1,200 even though it is not a full decision for an investment i still take the risk and buy some bitcoins and continue to hold it until now, i just saw the new ATH price of bitcoin and just surpassed the past ATH and it is a good sign for me and i'm planning to hold until $2,000.
Because bitcoin has a lot of the potential to growth more in the future. I have bought a lot of bitcoin at $1100 and i hold them all till this time. The adoption of crypto is growing anytime, that's a reason for me to hold my bitcoin for long-term period. I think this can be a good opportunity for us to get more benefits by bitcoin in the future. $2000 is reasonable rate in my mind.


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April 28, 2017, 01:10:36 PM
 #17

If you want to be among The richest people on earth before 2020 then buy bitcoins now and hold. The way price is pumping up this days I think very soon maybe some where before the end of 2017 bitcoin might be trading above $2000. May the gods of bitcoin be among us.
2020 seems too early for your speculation, I agree with all your speculation except the timeframe. The gradual increase in bitcoin demand makes bitcoin prices keep on increasing every day. Hence it might need another five years at least to have some significant price levels like in millions.

Back to the topic, the best investment in 2017 must be bitcoins and I am very much sure in coming years too bitcoin will be achieving this. Because new investors will keep on increasing when seeing higher prices for bitcoin so this performance will continue.

I'm not sure that investors will be too active to join bitcoin. Now the price of one coin is too high and not everyone can afford to buy it.

Investors don't look if the price is high or not. They look at it in long term. If they believed that bitcoin price will truly go to the moon in the next couple of years then why not? Its still worth to invest right now and make profit if the price soon become x5 of your initial investment. So for you bitcoin is still a safe haven for investor to put cash in the bitcoin ecosystem.



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April 28, 2017, 01:22:12 PM
 #18

Actually ETH has 15-45 seconds for transaction confirmation and that's too fast comparing with bitcoin but ETH is too much loose as the forks were *cumming one after another while bitcoin doesn't *cum at all or with a long delay lol which both aren't good.
Yet bitcoin shows better resistance against any changes in it's code which is a very promising factor for long-term holders/investors.
Overall yes bitcoin is the best option in crypto then between LTC and ETH you could roll a dice to choose one.
And not just for 2017 but rather for the next 25 years and if you don't believe me then I might be dead 25 years from now but you will be alive and you could judge my prediction then.

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April 28, 2017, 03:43:50 PM
 #19

I don't have a lot of bitcoins but my salary is always going into bitcoin and litecoin. I just treat them like gold and silver. I'm comfortable with litecoin because i think it is good for long term and the price will go just like ethereum if the segwit process will be done and the market of altcoins will surely be on the hot spot and that is how i will make profits.


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in
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April 28, 2017, 11:50:41 PM
 #20

If this were made in the begining of the year after the dump yes i would invest, at the moment the price is too high and i believe it wont hold for a long time this value. Altcoins has becamed a lot atractive this year more then usually and a lot of new coins getting more attention as well investment, soo i would invest into altcoins at this stage.


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