Bitcoin Forum
December 16, 2017, 01:47:46 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: 2016?
Cold storing is far better than keeping funds on an exchange which can collapse or run off with funds at any time - 8 (27.6%)
2016 to da mooooooooooon - 8 (27.6%)
By 2016 Ethereum "Ether" coin will overtake btc - 2 (6.9%)
The hell you talking about 2016, Its 2014 brah?! I need mah profitz nao - 3 (10.3%)
Fak Ether, that bs altcoin (like mastercoin and douchecoin) - 1 (3.4%)
Why not 2015 brah?! - 3 (10.3%)
Fak bitcoinsrus another shoddy post from a shoddy host - 4 (13.8%)
Total Voters: 29

Pages: [1]
  Print  
Author Topic: The best investment is to cold store bitcoins long term for big profit.  (Read 1189 times)
bitcoinsrus
Hero Member
*****
Offline Offline

Activity: 546



View Profile
March 03, 2014, 01:20:27 AM
 #1

Soon I plan to cold store (offline) bitcoins maybe until 2016.  By this time, the reward would be 12.5 btc instead of 25.
I am considering investing in Ethereum but I will wait and see.  For the meantime, I think I will get off exchanges and long term hold.  

Do you guys speculate prices will be high in 2016?
1513432066
Hero Member
*
Offline Offline

Posts: 1513432066

View Profile Personal Message (Offline)

Ignore
1513432066
Reply with quote  #2

1513432066
Report to moderator
1513432066
Hero Member
*
Offline Offline

Posts: 1513432066

View Profile Personal Message (Offline)

Ignore
1513432066
Reply with quote  #2

1513432066
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513432066
Hero Member
*
Offline Offline

Posts: 1513432066

View Profile Personal Message (Offline)

Ignore
1513432066
Reply with quote  #2

1513432066
Report to moderator
theonewhowaskazu
Sr. Member
****
Offline Offline

Activity: 448


View Profile
March 03, 2014, 02:34:26 AM
 #2

I think by the end of 2016 is the maximum possible timeframe before we see $100k per coin.

Bit_Happy
Legendary
*
Offline Offline

Activity: 1652


A Great Time to Start Something!


View Profile
March 03, 2014, 02:37:09 AM
 #3

The best investment is Buy and Hold for a large % of your bTC, and trade in and out of the rest.
The volatility is amazing, so if you don't ever sell high and buy low you are missing out.

Cluster2k
Legendary
*
Offline Offline

Activity: 1576


View Profile
March 03, 2014, 02:42:55 AM
 #4

Locking your bitcoins away and not using them is the best way to ride out the highs and lows of the market if you expect the value to keep rising into the future.

But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce.  There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'.  It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one. 

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
Ibian
Legendary
*
Offline Offline

Activity: 1456


View Profile
March 03, 2014, 03:11:04 AM
 #5

Locking your bitcoins away and not using them is the best way to ride out the highs and lows of the market if you expect the value to keep rising into the future.

But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce.  There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'.  It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one. 
How does a $5600000 pizza sound? We are ALREADY paying "huge fortunes" for them.

There is no bubble.
theonewhowaskazu
Sr. Member
****
Offline Offline

Activity: 448


View Profile
March 03, 2014, 03:15:41 AM
 #6

Locking your bitcoins away and not using them is the best way to ride out the highs and lows of the market if you expect the value to keep rising into the future.

But consider this: if too many people take the 'lock up and hold' approach to bitcoin it effectively reduces the usefulness of the commodity for commerce.  There is some tipping point where businesses would say 'not enough bitcoins out there, let's use something else'.  It's difficult to envisage a future where there is such high demand for bitcoins that traders are willing to pay huge fortunes for one. 
And what exactly would be the tipping point that says "not enough Bitcoins out there, let's use something else?" If there were 2 times as many Bitcoins, and each block rewarded 100 (now 50) BTC, would this point occur any later? How about 10 times? 100 times as many Bitcoins?

kireinaha
Sr. Member
****
Offline Offline

Activity: 350


View Profile
March 03, 2014, 03:16:16 AM
 #7

the buy and hold line is part of the "sales pitch" used by early adopters to newer investors to retain the value of their vast holdings. kind of how the amway people love to promote the idea of owning your own business, but without having to do any of the real work involved with establishing a business. you too can make vast fortunes, by buying bitcoin and tucking it away for a couple years.

Night gathers, and now my bitcoinwisdom watch begins.
Ibian
Legendary
*
Offline Offline

Activity: 1456


View Profile
March 03, 2014, 03:22:27 AM
 #8

Investing is a solid alternative to trading. People are different s'all.

There is no bubble.
ar9
Sr. Member
****
Offline Offline

Activity: 448


Bullshit Detector


View Profile
March 03, 2014, 04:49:06 AM
 #9

$100,000/coin is asinine.
Ibian
Legendary
*
Offline Offline

Activity: 1456


View Profile
March 03, 2014, 04:54:08 AM
 #10

$100,000/coin is asinine.
Quoted for future mockery.

There is no bubble.
TERA
Hero Member
*****
Offline Offline

Activity: 546



View Profile
March 03, 2014, 06:21:39 AM
 #11

The "best thing to do" differs from person to person based on their particular needs, interests, and skills.
Sindelar1938
Hero Member
*****
Offline Offline

Activity: 490


View Profile
March 03, 2014, 06:48:24 AM
 #12

I think the balance between hoarding and spending is key

My personal ratio is around 80-20

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!