markint
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November 10, 2017, 11:51:20 PM |
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Seeing the great volatility in the price of bitcoin, and the continuing uncertainties about its future and the limitations of scalability, investing in bitcoin does not seem a safe investment, but a high risk one. Therefore, I do not think it prudent to invest all your capital in bitcoins, but it should be considered as a portfolio investment.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Rahar02
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November 10, 2017, 11:59:18 PM
Last edit: November 11, 2017, 12:13:00 AM by Rahar02 |
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I'm assuming you both are from locations where banks and money transfers are relatively easy with the systems that have been in place for decades. If you're in the US, you have many options. Banks that are trustworthy for the most part. You have FDIC assurance. The US dollar is a relatively stable currency. ACH transfers, while they take a few days, work great. Bitcoin is not meant for us.
Go to places with capital controls like China. Go to places with currency instability like Venezuela or Argentina, where the native government issued currencies are not as easily usable.
There bitcoin is actually welcomed with open arms. I bet more people in Venezuela use bitcoin on a daily basis just to survive and buy every day things than people who know what bitcoin is in the US.
The US and a few other countries that have stable currencies are the exception, not the rule. Bitcoin is meant for the rest of the world to facilitate easier transfer of money, to hold on to value what people currently have, and to easily use the currency for transactions.
Now a lot of people still don't have bitcoin, even those for whom the currency is really meant for. There's a finite supply. In a few years a majority of the world, say at least 4 billion worth will be trying to get their hands on just 21 million bitcoin.
I think the value will be there as an investment.
Indeed, bitcoin is an alternative currency which has utilities in daily basis. I'm not sure about what Op mentioned, just don't get it properly, but people could treat bitcoin as investment and it's pretty safe. There are few regulations in few different countries regards cryptocurrency, and the best place is Japan due to bitcoin has been legalized in there. If you said: but the lack of proper monitoring system by implementing different protocols, will cause; client are demotivated for using this currency on investment projects, of course it is. That's why bitcoiners trying to submit ETF to IRS to regulate it, but it's not easy due bitcoin volatility. |
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Chanock
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November 11, 2017, 12:07:37 AM |
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Every person have a reason and own purpose in using bitcoin and even the government don't accept bitcoin as payment they are now starting to seeing the importance of it why some people are using of it even it is not legalized in there government. Nowadays people used bitcoin for their own reason and investing bitcoin is more safe because your are ensure that you will gain a profit. Also people believe in bitcoin because they earn from it and give opportunity in every person engaging on it.
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benhnghenghiep
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November 11, 2017, 12:31:01 AM |
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I have no idea. But BTC its self is the profitable asset, you can trade, store or keep it over the time. It makes you rich so far.
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desanti
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November 11, 2017, 12:56:41 AM |
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For me, bitcoin is another way of safe investment and best way to muliply your money unlike putting your cash in a bank nowadays. You are managing your own funds using your own ledgers, passwords and online accounts. There are a lot of opportunity when you put an extra effort in bitcoin. It was being recognize in any part of the world and being regulated on those countries who are super concern by their people. The negative side of bitcoin is that you will never know when it will increase or decrease the price and it was being used by scammers to victim an innocent and those person who dont have enough knowledge what is cryptocurrency.
yes off course bitcoin is forever the safe and easiest place of investment because there is no scene still come about investing in bitcoin which proof that bitcoin is the safest place for investment and i also suggest you that if you can invest in bitcoin now then you can earn more and more profit in future because the rate is still low and it will increase with time as the users of bitcoin is increased. for me bitcoin is a safe investment place and can also get more profit in the future. as bitcoin prices will continue to increase with time and bitcoin users increasing. so in theory the investment in bitcoin will be safer. |
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armandoz
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November 11, 2017, 01:57:45 AM |
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Bitcoin is safe. the company doing everything to make our income to be safe but there is always some having an interest to thief our invest money in the bitcoin. So we will make an action to prevent to happen that by divide your money. You can deposit in the bank and some you can invest in business, or you can make an cooperative program that much profitable or micro finance program many way you can make to be make more safer.
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RenegadeMind
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November 11, 2017, 02:08:53 AM |
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Seems safe enough to me.
For institutional investors, they might add a bit, but I can't see them really going hard on a crypto position.
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coinpimp321
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November 11, 2017, 02:49:27 AM |
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Seems safe enough to me.
For institutional investors, they might add a bit, but I can't see them really going hard on a crypto position.
i think most of the whales are from this pool |
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Qunetick
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November 11, 2017, 04:59:40 AM |
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For me it is safe to invest in Bitcoin but I am not saying it is 100% safe because I think whatever organization, company or any source of money, there's no 100% guaranteed that it is safe for investment. Maybe as of this time it is not so safe so if you are doubting the safety of your investment, you are not actually forced to invest so you have the choice if you will going to invest or not.
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Targusluxe
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November 11, 2017, 05:07:10 AM |
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For me bitcoin is safe for any investment. But it still depends on how you handle your bitcoin. You should always know who you should trust when it comes to your money and you should know the proper ways how to handle it to avoid problems regarding money and bitcoin.
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BCEmporium
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November 11, 2017, 06:26:45 PM |
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Seems safe enough to me.
For institutional investors, they might add a bit, but I can't see them really going hard on a crypto position.
It's safe enough for me to go in quite big as well. But people need to keep in mind that it's still one of the riskiest investments that can be made today and prepare properly. |
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HasHe
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November 12, 2017, 06:18:29 AM
Last edit: November 12, 2017, 03:02:40 PM by HasHe |
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People have found bitcoin investment as the safe haven after suffering from government policies and private investments.Bitcoin being out of the reach of government's hand itself means that its a safe investment which could not be devalued by the government at any time.Critics may say that it is not safe but the early birds have already found it as a safe as well as a high return giving investment.
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Fasunathan
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November 12, 2017, 07:32:13 AM |
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People have found bitcoin investment as the safe haven after suffering from government policies and private investments.Bitcoin being out of the reach of government's hand itself means that its a safe investment which could not be devalued by the government at any time.
Yes that's true. Bitcoin is safe for investment for us because the government have no control to it. They cannot easily eliminate bitcoin without the permission of other people because nowadays bitcoin is started to become famous in every part of the world. This is a good sign that bitcoin cannot be controlled by the government unlike fiat money. |
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DrYM
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November 12, 2017, 08:32:11 AM |
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The only time Bitcoin is going to be a safe investment, is when people don't regard it as an 'investment' or 'trading coin' and when it's MAJORITY used as a currency and not as it is now which it is a coin that is mostly traded on exchange for massive amounts of profits.
Plus, the people that are 'invested' in Bitcoin right now are the people that are trying to make QUICK money out of Bitcoin as they think it's their way to getting rich, they will quickly find out it's not but they're the people that are ruining it for the rest of us.
So yes, but it will take some time.
Wow, this is so accurate, took the words right out of my mouth. a proper currency cannot be a quick-getting-rich thing, if it is to be used worldwide for trading. Let's hope the future will have more stability. |
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Drixy
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reading.......
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November 12, 2017, 08:39:55 AM |
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The only time Bitcoin is going to be a safe investment, is when people don't regard it as an 'investment' or 'trading coin' and when it's MAJORITY used as a currency and not as it is now which it is a coin that is mostly traded on exchange for massive amounts of profits.
Plus, the people that are 'invested' in Bitcoin right now are the people that are trying to make QUICK money out of Bitcoin as they think it's their way to getting rich, they will quickly find out it's not but they're the people that are ruining it for the rest of us.
So yes, but it will take some time.
Nice explanation super elaborate thumbs up for you . It is not always safe to invest bitcoin because it has a buble like value. But would recommend investing if bitcoin has a lower value to make profit after a month or so. |
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TheCoinFinder
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November 12, 2017, 08:58:43 AM |
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Bitcoin is good for investment purpose but had never been safe as some people think.
The volatility still exists with bitcoin, risk would be involved until volatility is not removed from bitcoin.
It's only government that holds the power to lessen risk from bitcoin by regularising its use.
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Flomo
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November 12, 2017, 09:32:31 AM |
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economic conditions are different in every country, but today the world is experiencing modernization and is highly dependent on the digital world. and will greatly affect the cryptocurrency.
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bitcoin31
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November 12, 2017, 10:36:10 AM |
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Bitcoin is safe invesment but be careful becaude even its safe they have possibility the price will decrease like today and if that happen your money will decrease also. But bitcoin is good investment and for sure you will earn profit if you hold it for few years.
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kaizerblitz
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November 12, 2017, 11:53:33 AM |
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Yes but choice what you think trusted and get to know the person and the behind of what you invest better to be safe and give update everyday.
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TTITA
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November 12, 2017, 12:53:02 PM |
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At present situation government actually not so much concern about such kind of currency for that reason people are not so much interested for using this currency. it is now use as a electronic currency though computerized system.
in terms of purchase and sales bit coin holder's are safe but the lack of proper monitoring system by implementing different protocols client are demotivated for using this currency on investment projects.Every country's government should established a policy for securing those client who are holder of bitcoin like an cash or deposit account holders and this types of policy help to motivated bitcoin holders for investing different sector for establishing new entrepreneur in order to development of economical condition.
Bitcoin was originally created not to replace the type of currency that already exists. Bitcoin is present to provide an alternative for electronic transaction, as its progress development, bitcoin become more big and used as one of investment field. Do everyone think the same? Maybe yes, but certainly not everyone has their purpose why using this. The larger the community, the more people believe to use it, so it can be concluded bitcoins are safe as an investment and used for other transactions. |
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