MethodMan (OP)
Newbie
 Offline
Activity: 15
Merit: 0
|
 |
November 23, 2013, 02:25:16 PM |
|
Is Bitcoin like other commodities that are prone to ups and downs in value? Is there a risk of a crash like in the stock market of a country? Will the value of bitcoin just keep on increasing forever?
|
|
|
|
|
|
omega33
|
|
November 23, 2013, 02:27:42 PM |
|
there is the risk of bitcoin crashing like gold
|
|
|
|
MethodMan (OP)
Newbie
Offline
Activity: 15
Merit: 0
|
|
November 23, 2013, 02:44:49 PM |
|
The thing with gold is it almost always goes back up. BTC is a fairly new concept. I'm just wondering if its a better alternative to the usual investments we're used to, like gold etc.
|
|
|
|
|
Mixereq
Newbie
Offline
Activity: 13
Merit: 0
|
|
November 23, 2013, 02:52:09 PM |
|
There is no fun without taking risk.
|
|
|
|
|
|
Sindelar1938
|
|
November 23, 2013, 02:52:39 PM |
|
It is extremely volatile and while hugely exciting, be clear that a 100% loss is possible
|
|
|
|
kirawei
Newbie
Offline
Activity: 49
Merit: 0
|
|
November 23, 2013, 03:03:24 PM |
|
high risk high return
|
|
|
|
|
hilariousandco
Global Moderator
Legendary
Offline
Activity: 3822
Merit: 2633
Join the world-leading crypto sportsbook NOW!
|
|
November 23, 2013, 03:04:04 PM |
|
Is Bitcoin like other commodities that are prone to ups and downs in value?
Yes. Is there a risk of a crash like in the stock market of a country?
Yes. Will the value of bitcoin just keep on increasing forever?
Probably not. It will be volatile for quite a while, then eventually probably steady off, but it will always fluctuate just like any other currency. Nobody can predict what is going to happen to cryptos in the long run. Weigh up the risks and choose the gamble or not, that's the fun of it. |
|
|
|
|
mvidetto
|
|
November 23, 2013, 03:16:59 PM |
|
Bitcoin can easily be worth 0 tomorrow if something is found flawed with the transactions or compromises addresses. So yeah this makes it extremely volatile and irregular.
|
|
|
|
|
|
PenAndPaper
|
|
November 23, 2013, 03:19:23 PM |
|
Is Bitcoin like other commodities that are prone to ups and downs in value? Is there a risk of a crash like in the stock market of a country? Will the value of bitcoin just keep on increasing forever?
The way i see it there are 2 possible outcomes. It will keep on increasing forever or it will go down to 0. |
|
|
|
|
MethodMan (OP)
Newbie
Offline
Activity: 15
Merit: 0
|
|
November 23, 2013, 03:49:12 PM |
|
There's also the risk of the US Goverment shutting it down if BTC starts fucking with its dollar in some way.
|
|
|
|
|
hilariousandco
Global Moderator
Legendary
Offline
Activity: 3822
Merit: 2633
Join the world-leading crypto sportsbook NOW!
|
|
November 23, 2013, 04:13:35 PM |
|
There's also the risk of the US Goverment shutting it down if BTC starts fucking with its dollar in some way.
I don't think they could even if they wanted to. How can they shut it down without banning the internet or computers, and under what legal grounds? America isn't the World Police. |
|
|
|
MethodMan (OP)
Newbie
Offline
Activity: 15
Merit: 0
|
|
November 23, 2013, 04:29:08 PM |
|
There's also the risk of the US Goverment shutting it down if BTC starts fucking with its dollar in some way.
America isn't the World Police. Are you sure? Anyway, thats not the point here. I'm just trying to learn about the pros and cons of digital currency. |
|
|
|
|
gagalady
Legendary
Offline
Activity: 938
Merit: 1000
|
|
November 23, 2013, 04:31:58 PM |
|
of course there is a risk, but only with the risk you make some good money.
|
|
|
|
|
bitcoingraphics
Newbie
Offline
Activity: 33
Merit: 0
|
|
November 23, 2013, 04:39:00 PM |
|
bitcoin seems to make much more sense as a digital currency
|
|
|
|
|
hilariousandco
Global Moderator
Legendary
Offline
Activity: 3822
Merit: 2633
Join the world-leading crypto sportsbook NOW!
|
|
November 23, 2013, 04:53:07 PM |
|
There's also the risk of the US Goverment shutting it down if BTC starts fucking with its dollar in some way.
America isn't the World Police. Are you sure? Haha, well they might like to think they are, but if they struggle to shut down torrent sites, I think they'll have an even bigger task of shutting down bitcoin. They could outlaw it in the States, but it wouldn't stop people using it there or any where else. It'll be like the War on drugs; an unwinable, costly and futile endavour. They'll either need to embrace it or better it. |
|
|
|
|
udet4food
|
|
November 23, 2013, 04:57:13 PM |
|
Will the value of bitcoin just keep on increasing forever?
Very likely beause of deflation nature, but not as much as now. 100% (and more) yearly will not last long |
|
|
|
|
hansiboss
Newbie
Offline
Activity: 2
Merit: 0
|
|
November 23, 2013, 05:48:24 PM |
|
yea of course there is risks, but just go for the buy and hold a long time method
|
|
|
|
|
bimblebob
Newbie
Offline
Activity: 10
Merit: 0
|
|
November 23, 2013, 05:59:38 PM |
|
I sure hope it will be 3$ again soon, then use all the funds to buy more coins and just wait for value increase  |
|
|
|
|
|
t3xasdolly
|
|
November 23, 2013, 06:02:29 PM |
|
I sure hope it will be 3$ again soon, then use all the funds to buy more coins and just wait for value increase You might try luck with some shit coin instead because this wont happen  |
|
|
|
|
hilariousandco
Global Moderator
Legendary
Offline
Activity: 3822
Merit: 2633
Join the world-leading crypto sportsbook NOW!
|
|
November 23, 2013, 06:06:28 PM |
|
I sure hope it will be 3$ again soon, then use all the funds to buy more coins and just wait for value increase I very much doubt it'll plummet down to $3 any time soon if at all, and if it did it would probably because there was obviously something fundamentally wrong with Bitcoin. You might as well jump on LTC or FTC or another crypto. |
|
|
|
|
