CasherUp
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Activity: 20
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October 09, 2020, 11:47:22 AM |
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Hi, how are you? Well, if you invest in any cryptocurrency, both bitcoin and other altcoin have price fluctuations that go up and down many times but if you do a good analysis and enter a good price, you will do very well, now that they are reliable if they are but be very careful with the third-party platforms that go scams very fast
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mr_kenshy
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October 09, 2020, 11:55:25 AM |
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It's a bit difficult to call Bitcoin a stable currency, yet, it really is a good investment. And in case you decide to enter the cryptocurrency society and become a trade, try Changelly Pro first.
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Severine
Jr. Member
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Activity: 58
Merit: 1
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October 09, 2020, 12:30:08 PM |
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Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?
Bitcoin has volatile price swings, therefore it might not be an ideal investment for retirement. But some financial services offer the option of investing in the cryptocurrency through self-directed Individual Retirement Accounts (IRAs). Also as per the long term outlook, IRAs are excellent for investments as they hold major potential on the scale of decades. |
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MWesterweele
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October 09, 2020, 01:59:06 PM |
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At this moment we can say that Bitcoin isn't something new and has some history that could be researched so anyone could make some research can see that Bitcoin is very volatile and unstable and therefore very risky. It isn't anything different than any other investment so there is no guarantee that your money will be safe and that you will make profit.
Well for me, bitcoin is reliable but unstable investment. First, it is decentralised currency, not controlled by the government, volatile and risky. Second, yes bitcoin is reliable but then you should know first what is this bitcoin is, how to deal with it and of course learn how to trade and play with the market fluctuations as safe as you can. And yes this is just like an investment in real life businesses, no guarantee if you will earn you ROI in high amount as your investment or you're might lose it. |
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Chrystora123
Full Member
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Activity: 1414
Merit: 228
Omicron is another FUD
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October 09, 2020, 08:24:54 PM |
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if you want a stable investment then Bitcoin is not suitable for you, Bitcoin is a high-risk investment, your assets can go up 50% in 1 day and also can fall 50% in 1 day. Bitcoin is the most promising investment in a short period of time when we compare it to gold and real estate which takes 10 years to make a profit of 100 - 500%. in the last 10 years, Bitcoin has increased by 8000% and there will be no investment to match it. trust me, you will profit big in the next 10 years if you invest in Bitcoin today..
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AG3NT0R4NG3
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Activity: 13
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November 03, 2020, 10:40:10 PM |
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Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Please give me your thoughts. IRA or Bitcoin for the long term?
Can you imagine them buying now at 12K and next year it goes down to 3K? If you want to gamble with this volatile, unregulated and manipulated market you should invest only 1-2% out of your 100K account at this moment. The game is not buy high and sell low. Remember this. Even at 3.5k it looked bearish and everyone was thinking that prices bellow 1K were quite possible. Just don't invest more than you can afford to lose. Buying a relative small amount will help you sleep better at night and won't make you feel you missed the pumps or won't make you lose your sleep. Funny how everything I've written above actually happened. Well anyway, new prediction. Buy. Two more green months. New ATH in January. |
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Salauddin1994
Member
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Activity: 868
Merit: 15
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November 04, 2020, 04:39:23 AM |
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Bitcoin is a more reliable currency than other currencies in crypto bitcoin is not stable in the absence of a stable currency it is not possible to determine the exact price unless its price is limited to one place there are many risks involved in not having enough knowledge about bitcoin. Therefore you need to analyze the market well and then know the right price and then invest but even if the price goes down there is nothing to be disappointed about we have to wait patiently for the price to go up.
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TIDOVEE
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November 04, 2020, 04:51:27 AM |
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Amidst all other cryptocurrencies, bitcoin is the most reliable and stable but when you are trying to bring people into investing in it, you need to analyze properly on how the market moves because at this moment very few people will have much. It is not a problem it's just the market scale. So, patience will be needed to have the best before they start complaining.
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Boov
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November 04, 2020, 04:56:23 AM |
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Bitcoin is a more reliable currency than other currencies in crypto bitcoin is not stable in the absence of a stable currency it is not possible to determine the exact price unless its price is limited to one place there are many risks involved in not having enough knowledge about bitcoin. Therefore you need to analyze the market well and then know the right price and then invest but even if the price goes down there is nothing to be disappointed about we have to wait patiently for the price to go up.
Definitely bitcoin was more reliable investment when we were going to compare it to the other coins in crypto market. But if we were going to compare it to fiat, bitcoin wasn't far as reliable as fiat but they only differ in terms of stable. Bitcoin was a volatile currency which the mere thing that you should deal first upon deciding to invest in it. It was risky, like a real business investment. Almost similar in fiat issues but the worst case in bitcoin was to avoid the scammers. |
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AG3NT0R4NG3
Newbie
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Activity: 13
Merit: 0
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December 26, 2020, 04:03:30 PM |
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Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Please give me your thoughts. IRA or Bitcoin for the long term?
Can you imagine them buying now at 12K and next year it goes down to 3K? If you want to gamble with this volatile, unregulated and manipulated market you should invest only 1-2% out of your 100K account at this moment. The game is not buy high and sell low. Remember this. Even at 3.5k it looked bearish and everyone was thinking that prices bellow 1K were quite possible. Just don't invest more than you can afford to lose. Buying a relative small amount will help you sleep better at night and won't make you feel you missed the pumps or won't make you lose your sleep. Funny how everything I've written above actually happened. Well anyway, new prediction. Buy. Two more green months. New ATH in January. On time. see ya losers. Anyone writing bellow is a spammer. |
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