Staying away from Bitcoin for 5 years

[noah tall]

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 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 $400.

If you come back to bitcoin in 5 years you most likely won’t even be able to afford to buy 0.05 bitcoin’s. With the next halving in 2020 plus the gradual increase in price due to new adopters if you’re leaving now you moght as well stay away because you’ll be kicking yourself.

You will come back after 5 years because you don’t want bitcoin for the next five years. It means that you have no patience and you cannot wait for good times. But I want to tell you that half of the world will use bitcoin after five years and the price will be more than $50k. if I have money I will buy bitcoin and forget for next fi years to earn huge profits.

[irbayhan]

In 5 years it will be probably replaced by some new coin. Bitcoin is not flawless, so 5 years is a great term. Just don't store them on warm wallets, sure 80% of current exchanges will be closed or hacked)

[gabmen]

In 5 years it will be probably replaced by some new coin. Bitcoin is not flawless, so 5 years is a great term. Just don't store them on warm wallets, sure 80% of current exchanges will be closed or hacked)

Well it's already a given that you should have a hard wallet if you're planning to hold that long. And by that time, even if another coin replaced btc as the top crypto out there, it's value would be considerably be higher than today

[plescruslo]

There is no point to explain to him anything, bitcoin price will not go back to 400 dollars, but even if it does it will bounce back and if he leave now he will miss all that for sure. That can't happen, but this guy made us think what if something like that happen and to create some theories.
Price fluctuate all the time, last drop is caused by the sell of in Asia, market lost almost 100 billion dollars in seven days, some alts dropped even more then bitcoin.

Who could imagine Silver price will fall to $9/ounce and gold to $900/ounce. I see DOW Jones at 7000

It is fact that bitcoin price is as volatile but as much that to go down to $400 in the future. We are looking upwards in the price in the future and you are talking about the crash in the price. You are leaving bitcoin for next five years, it means that you have no patience and you cannot wait for good times. If you want to buy bitcoin go ahead and buy some to earn money in the future.

[Aikidoka]

Why do people give up easily? If you are not going rto support bitcoin in its ups and downs, then yes, leave. Going down to $6500 is not a big deal. And no, it is not going to go down to $400. People still believe in bitcoin's potential and I believe that the price will still continue to grow. In 5 years, I believe it will reach $50k. Think about it, the price is always growing, and even if it decreases, it will rise again just like what always happens

[myhoho]

It will be the worst decision ever made! Do not stay away from crypto coins if you want to get some profits.
Crypto has always good opportunities to gain more profit. And these opportunities happens almost everyday.
Just need some trading skills and knowledge on crypto world.

[Regenmacher]

I hold myself, but you can't just leave your funds and forget about them. This can bring profits too, but that means that you just don't like cryptos and not interested in maximizing your profits. I can't agree with that

[1Referee]

Well it's already a given that you should have a hard wallet if you're planning to hold that long.

How is that a given? If you are planning to hold your coins for the long term, you just need a piece of paper with your private key(s) printed or written on them. It implies that you won't be touching your coins for a very long period of time, so you don't need that 'conveniece' a hardware wallet may offer you.

And by that time, even if another coin replaced btc as the top crypto out there, it's value would be considerably be higher than today

Bitcoin won't ever be surpassed, so that's something you don't have to worry about. If ever there is a time where Bitcoin becomes obsolete, then all crypto currencies will become obsolete. I strongly believe that if our cryptos will be taken over or deemed obsolete, it will be due to a whole new technology not related to crypto at all.

Bitcoin technically can do anything other altcoins can do as well if implemented in whatever shape or form, so there isn't any feature that makes altcoins better. The main thing however is that we can't just add all sorts of features further cluttering the blockchain, making it grow in size from where only data centers and other parties are running full nodes. Bitcoin will only run the most essential and used features, and not all the gimmicks altcoins are running. In that regard I am glad that we have altcoins doing their own things.

[Greenkarki]

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 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 $400.

You would seriously loose much and will feel disappointed and worried for leaving the community and not earning bitcoin. We trust in bitcoin and it's gradual and certain growth. There will be lump of changes would be in place and you would be surprised to see number of countries increased in accepting bitcoin.

[moviebuff777]

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 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 $400.

I think you will be surprised because the history of bitcoin shows that there have been many times that bitcoin has dropped in price but it always recovers.

There has always been news stories about governments regulating bitcoin, or people saying that it’s a Ponzi scheme or it’s used for illegal purposes, etc.  Bitcoin has been declared dead many times over, but then it will soar in price.

I think bitcoin is just in one of those correction phases and we will soon see big gains and new highs.

[sandor111]

Why do people give up easily? If you are not going rto support bitcoin in its ups and downs, then yes, leave. Going down to $6500 is not a big deal. And no, it is not going to go down to $400. People still believe in bitcoin's potential and I believe that the price will still continue to grow. In 5 years, I believe it will reach $50k. Think about it, the price is always growing, and even if it decreases, it will rise again just like what always happens

Because they wanted to make quick buck and then use their pleb fiat money for shopping. Pathetic. Such people who don't understand that bitcoin is not just about making profit, don't deserve it and we should let them sell.

[bitcad4u]

Actually,this occur very common in bitcoin.Because bitcoin is virtual currency,you should check the previous chart.The price of bitcoin is not only fluctuate from 10,000$ to 6000$.Last year the price reach 17,000$,now it only 8000$.No need to get panic for this.And no need to do panic selling.

[BChydro]

In 5 years it will be probably replaced by some new coin. Bitcoin is not flawless, so 5 years is a great term. Just don't store them on warm wallets, sure 80% of current exchanges will be closed or hacked)

There might be flaws when it comes to scaling and that is the only hurdle i am seeing now and it will be sorted by implementing the lightning network, the exchange hacks are a major issue and hopefully there will be a solution in the coming years, the only thing you need to look is to store you coins in your private wallet than keeping them in exchanges if you are not trading.

[Digital_Lord]

I would like to know,which make you to take this decision.Being a day trader,I was enjoying with the profit from the bitcoin trading and use to inverse back in bitcoin.Finally it will give me double amount of profit.I would like to ask one question,don't you want this profit?
I think due to fluctuation of bitcoin price,you are speaking like this.But for me this fluctuation make to get some profit in short period.

I think he is angry about the price of bitcoin. This is the reason that such guys cannot invest in bitcoin. Bitcoin is for long rum and if you want growth in days it is not possible. There are some corrections after little growth but we will have to wait more and more if we want to earn money from bitcoin investment. There is no chance for $400 in the future.

[thend1949]

I would like to know,which make you to take this decision.Being a day trader,I was enjoying with the profit from the bitcoin trading and use to inverse back in bitcoin.Finally it will give me double amount of profit.I would like to ask one question,don't you want this profit?
I think due to fluctuation of bitcoin price,you are speaking like this.But for me this fluctuation make to get some profit in short period.

I think he is angry about the price of bitcoin. This is the reason that such guys cannot invest in bitcoin. Bitcoin is for long rum and if you want growth in days it is not possible. There are some corrections after little growth but we will have to wait more and more if we want to earn money from bitcoin investment. There is no chance for $400 in the future.

I don't see any reasons to leave Bitcoin, it has been very beneficial and has helped me a lot not only financially, but morally. The success in Bitcoin does not happen in a glimpse, it takes time, patience, and perseverance. If you lose track and get affected with its pump and dump and still want to survive, be strong, don't panic, instead be smart to find other ways and still be productive.

[dothebeats]

Volatility has always been there due to bitcoin being a highly speculative asset. Everyone's making money off of it despite the rapid ups and downs. If you are taunted by these massive price swings then maybe investing in bitcoin is really not for you. Also, regulations are bound to happen as bitcoin also grows. If there'd be no regulations to control the flow of crypto and how they're being used, there's a high possibility that this would be a safe haven for criminals. The change bitcoin is undergoing right would be for its own sake and maturity. Leave if you must, but if after 5 years bitcoin goes big and you're not there to reap the benefits, don't feel salty and spread FUD just like some people around here.

[BitHodler]

The success in Bitcoin does not happen in a glimpse, it takes time, patience, and perseverance. If you lose track and get affected with its pump and dump and still want to survive, be strong, don't panic, instead be smart to find other ways and still be productive.

You are totally right, but the majority of the people tie increases and decreases to Bitcoin's overall health. As long as it goes up, Bitcoin is doing fine, but it not, they believe it's losing popularity and will be replaced.

It's not for nothing that a lot of these rookies keep paying attention to CoinMarketCap and Bitcoin's dominance versus the rest. They don't know that it doesn't mean anything that altcoins catched up on Bitcoin there.

It's just the numbers they look at and that's enough for them to think that Bitcoin is going backwards. They have no idea how total coin supplies of altcoins and tokens mess up everything badly in that aspect.

[cuprice]

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 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 $400.

Bitcoin investment needs much patient. If you will compared this to silver then you can't get your best answer as bitcoin can double your money in a long term investment.

[rocketbits]

In 5 years it will be probably replaced by some new coin. Bitcoin is not flawless, so 5 years is a great term. Just don't store them on warm wallets, sure 80% of current exchanges will be closed or hacked)

If you have invested in Bitcoin and want to make it long term then it is a right decision but it will necessary to monitor the market because you can not sleep all the five years and to stay away from Bitcoin for this long time is not a good decision at all. The Bitcoin is not so long term as five years but it is a long term for a year or maximum for two years. You should monitor the market and keep staying here to caste the right opportunities.

[mr.nby]

I bought 10- BTC for 15 000. And now I want to sell only on 10 000. Be aware

Why sell at a loss, can’t you wait 12 - 18 months & see what happens? I’m certain you’ll be in profit by then.

Well, if someone has no patience to wait for profits, unfortunately he loses money. I'm convinced he will soon regret selling. It was enough to wait a few months and the investment would surely bring profits instead of losses.