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Author Topic: Staying away from Bitcoin for 5 years  (Read 1201 times)
joykulot
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September 11, 2018, 03:10:46 AM
 #141

For me, Bitcoin is still there after 5 years and it tooks forever. And it will not go back to $600 because many people will become interested in Bitcoin and the increase will continuing.
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Kainhighwind
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September 11, 2018, 03:52:26 AM
 #142

Ah, yeah. In that case, it just occurs to me that my bitcoins are organic, too. Want any? (The price of course is elevated as compared to conventional bitcoins, because they are so organic.)
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September 11, 2018, 03:57:10 AM
 #143

I bought 10- BTC for 15 000. And now I want to sell only on 10 000. Be aware
Why you want to sell for the lossing money, why you do not late next some month. Because Bitcoin price everything will can be back again. Actually I have to decide,I want to late in this full year then I will do that keep sales us.
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September 11, 2018, 04:19:34 AM
 #144

If you stay five years away from bitcoin then definitely you will regret it big time and perhaps that time it will cost you your fortune just to buy 1 bitcoin.
Ssid
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September 11, 2018, 04:28:53 AM
 #145

I never think bitcoin can go back to $600.
Right now it stays at $6000+ and it seems impossible to go down further more already. Having it going down needs a lot of sell volumes which I don't think we can have enough to break all decent supports at 6k, 5k.
Anyway, your decision of staying away from bitcoin for 5 years may pay off. The market is really boring right now.
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September 11, 2018, 04:37:15 AM
 #146

I doubt it will go that low. The worst case scenario in this bear cycle is around 3k USD and even that I doubt it as we have so far held support levels above 5k USD. Anyway, how worse can it go right now? The risk to reward ratio is quite healthy now for an entry point, so I think now and in the next 6-12 months might be the best time to get in. I don't see a bull run until late 2019/ early 2020, but I do see some interesting developments taking place for the Crypto world and for Bitcoin next year.  Now is actually the best time to consolidate and accumulate as much as you can to be quite honest.


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musharaf
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September 11, 2018, 04:37:52 AM
 #147

I think bitcoin is the main source of income for me now so how can i stay away from it for 5 years and if we say that keep patience for 5 years that is also a good way you will not bear loss in the crypto if you know the crypto market.

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September 11, 2018, 04:55:36 AM
 #148

I don't think that bitcoin is long term investment ( for 5 year ), For 1 year it can be profitable because of external environment there are so many uncertainty in crypto currency regulation and competition will also increase in future, There are coins like ETH, DASH, EOS and many which are having potential and can give competition to bitcoin.

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September 11, 2018, 04:57:19 AM
 #149

I bought 10- BTC for 15 000. And now I want to sell only on 10 000. Be aware
Its your own fault you should not panic sell. When you bought you should have to forget about it. What you gain is lose. You should say "be paitent" instead "be aware"
Hell-raiser
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September 11, 2018, 06:10:19 AM
 #150

I never think bitcoin can go back to $600.
Right now it stays at $6000+ and it seems impossible to go down further more already. Having it going down needs a lot of sell volumes which I don't think we can have enough to break all decent supports at 6k, 5k.
Anyway, your decision of staying away from bitcoin for 5 years may pay off. The market is really boring right now.

This is not completely impossible. It would be a crypto black swan but it can happen. The Bitcoin wealth distribution is very uneven as there are a few guys including Satoshi himself who have many-many thousands of bitcoins in their pockets. And any of them could easily bring the prices down below $1000, if not a way lower than that, even to double digits. You would ask why they might want to do that. Honestly, I don't know, but this is a black swan event after all, so if it is possible to happen, it might happen for one or another reasons. For example, we can't exclude the possibility of someone stealing from one of these guys, and then dumping all these coins in the open market crashing the prices and wreaking total havoc in the market, basically destroying it.
Lexurdania
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September 11, 2018, 06:16:32 AM
 #151

The way Bitcoin is going, $1000 to $20,000 and then to $6,500 and all the bans worldwide and Bitcoin used in many kinds of criminal activities.

I will come back to Bitcoin after 2 to 5 years. If Bitcoin is there, it will go the silver way. Just as Silver was $80/ounce in 1980, Bitcoin can go back to $600.

Maybe when you see bitcoin again in next 5 years, bitcoin price at $100k. Bitcoin price history year on year always increase more than 1000% and i think bitcoin price in next 5 years will be very expensive because bitcoin is store of value

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yakust
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September 11, 2018, 06:18:06 AM
 #152

Sounds reasonable if you keep mining.
akosipepot
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September 11, 2018, 06:21:06 AM
 #153

Sometimes I can get hit by the same awful thought but I can never bring myself to do it.
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September 11, 2018, 06:25:19 AM
 #154

Not for me. The best time to be part of the Bitcoin industry is always NOW!
enjotan
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September 11, 2018, 06:32:55 AM
 #155

I'm sure bitcoin still exists in the next 5 years, or even more than 5 years of bitcoin still exists, and you will return to bitcoin when the price of bitcoin is much higher.
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September 11, 2018, 06:33:52 AM
 #156

Either the price will be too expensive or it won't be worth to invest anymore but in my opinion the price of bitcoin will be very expensive in five years if you have some bitcoins now then you can be a millionaire when you come back but being patient for five years is tough task the mind will keeps ticking you when the price bumps and dumps.

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September 11, 2018, 06:41:14 AM
 #157

In 5 years there will be no bitcoin as it will be too expensive, people will be counting in sats instead. I hope to accumulate as much as possible during these bear market months, the opportunity will not go on for much longer.

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cizatext
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September 11, 2018, 06:51:19 AM
 #158

Looking away and taking a break is a good way to free you head of the hustle and puzzle of the cryptocurrency market, take a long break and before you come back bitcoin will be heading to the moon. I believe in the next 2 to 3 years to come the price of bitcoin is going to reach $50k
SecureCryptoPayments
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September 11, 2018, 10:30:24 AM
 #159

But 5 years will live without panic and fear. Perfect solution. Try it

#support SecureCryptoPayments
levvv
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September 11, 2018, 03:27:53 PM
 #160

The way Bitcoin is going, $1000 to $20,000 and then to $6,500 and all the bans worldwide and Bitcoin used in many kinds of criminal activities.

I will come back to Bitcoin after 2 to 5 years. If Bitcoin is there, it will go the silver way. Just as Silver was $80/ounce in 1980, Bitcoin can go back to $600.

Why would you like to staying away from bitcoin ? For long time, indeed bitcoin is a good to hold.
But you need to know the news about cryptocurrency include bitcoin.
You will need to stay close to bitcoin so you know when you want to sell or buy it.
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