Serious question about Bitcoin. Is it a reliable and stable investment?

[isamu]

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?

[1714786842]

1714786842

[1714786842]

1714786842

[mk4]

Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?

Most of us are long-term bullish here and think that bitcoin will be at a higher price in 5-10 years from now, but take note that bitcoin is not guaranteed to succeed. It can go up, but it could also go the other way. If you put everything on Bitcoin, you could be rich in 5-10 years, or you could also end up broke.

Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up?

Definitely not. There's still a risk.

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?

Very possible in the short-mid term, a bit less likely in the long-term in my opinion.

Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?

Yes. Even lower than $3500 is possible(though probably unlikely).

IRA or Bitcoin for the long term?

Diversification. It'd probably be a better idea to spread it out to stocks, bonds, ETFs, Bitcoin(probably a small percentage) and such. Don't put all your eggs in one basket.

[NeuroticFish]

Bitcoin is a high risk investment. It's always said with crypto that you should only invest money you afford to lose. Yes, it sounds scary.
Bitcoin has periods when it rises wonderfully and periods when it heads down abruptly. And everything in between. So while some did and will get rich from Bitcoin, others did and will lose greatly.

If one can handle this amount of risk, fine. On the other hand, I would not advise it to somebody in the risk of hearth attack to invest large amounts in it.

[antisocial77]

If i have 100k i would split it like %20 bitcoin, %50 gold and %30 2-3 of top altcoins.about btc and altcoins stop-loss is necessary.

[avikz]

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?

Since they are using IRA account, I assume they are more than 60 years old now! Bitcoin is not at all a safe investment for them unless and until they want to get into daily trading! I consider daily trading as somewhat safe to get into because there you ride with the tide and find opportunities in every market movement. But for holding, bitcoin is not at all a safe investment for the individuals with more than 60 years of age. I would advise you not to recommend bitcoin investment to them unless you want to bear the burden of their losses!

Rather, I would want you to suggest "Portfolio Management Service (PMS)" provided by reputed stock broking firms. There are companies like Transamerica, Wells Fargo, AMG Funds etc, who provides PMS services. Advise them to open a PMS account with them and these fund managers will manage your fund to fetch you a better return! It's safer than bitcoin and obviously suits the income needs of all age group!

[Pursuer]

Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?

yes, I consider bitcoin as a very good investment with a huge potential of growth and an unbelievable return. BUT your "friend's parents" should not invest in bitcoin, in fact I have always discouraged people like that from investing in bitcoin because they won't have a good time in it because of its volatility and also because of the huge amount of FUD that is out there against bitcoin.
I obviously have time and have spent enough of it studying bitcoin to know what is FUD and what is not and more importantly to know that potential I mentioned above. but most others don't. and not knowing that for them means making bad decisions, panic selling and a lot of losses in a volatile market.

imagine for example if they bought in January when price was $6k (which was the best time to enter as an investor) but the drop to $3k and the follow up FUD would make any of them to sell their coins at a big loss of half their capital. obviously I could tell it is nonsense and $6k was a good entry point but a newcomer with no information will never be able to do it.

[mk4]

If i have 100k i would split it like %20 bitcoin, %50 gold and %30 2-3 of top altcoins.about btc and altcoins stop-loss is necessary.

Jeebus no.

• 20% might be too big of a percentage for Bitcoin. Take note that the money is OP's friend's parents.
• 30% on ETH/XRP/LTC? As if 20% on BTC isn't risky enough. Definitely a very bad idea.
• To be able to use stop losses, you'd need to leave the funds on exchanges. You surely know why that's a bad idea.

[BitHodler]

If i have 100k i would split it like %20 bitcoin, %50 gold and %30 2-3 of top altcoins.about btc and altcoins stop-loss is necessary.

Gold? It's not going to do anything for your portfolio in the coming years. It's literally a waste of time and money with how it hasn't done anything to outperform inflation in the last 5ish years.

The derivatives market has got a firm grip on gold and it will only get worse, plus in order for gold to do well it needs political instability and chaos. It will get dumped the moment confidence kicks back in.

If you don't want complete exposure to Bitcoin you're way better off replacing gold by an allocation to tech stocks. Tech stocks have performed exceptionally well in the last couple of years.

[maydna]

Do you agree?

Absolutely agree. He can choose bitcoin as his investment, but he needs to learn first before he invests his money in bitcoin. Besides that, you should teach them about bitcoin, so they will know bitcoin from the trusted person because you are his friend.

Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?

I don't think bitcoin is a stable investment for a long term holding because you see that bitcoin have up and down history and the bitcoin price will always up and down in every day. But bitcoin is one of reliable and the best investment so far, at least for myself and I always suggest people around me invest in bitcoin.

Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up?

Bitcoin, in the end, will go up to the higher price after reached the bottom price. But unfortunately, we never know how deep bitcoin price will down, and that will happen too if the bitcoin price increases in someday.

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?

The price can go to the lower price, and in these situations, the price can go down below $10K or even lower than $9k. Like I said before, no one will know where the price can go because it depends on the supply and demand.

Please give me your thoughts. IRA or Bitcoin for the long term?

I will choose bitcoin for the long term. Advice your friend parents to buy hardware wallet and save the bitcoin in that wallet and never save it in the exchanges if he wants to hold bitcoin for the long term.

If i have 100k i would split it like %20 bitcoin, %50 gold and %30 2-3 of top altcoins.about btc and altcoins stop-loss is necessary.

Bitcoin will be the biggest percentage, and the rest percentage will go to the altcoin. The scheme will be like this, bitcoin will be 30%, gold will be 20% the altcoin will be 10%, and the fiat will be 40%.

[SatoshHouse]

Yes it is!

[crwth]

First of all, it’s good that you have registered and checked out the Bitcoin forum. This is where you could find almost everything cryptocurrency related. There are a lot of possibilities in the discussion, but the most important thing to know is the knowledge it has and the references you would be able to get from here. As long as you verify it and it’s correct, you could use it as a support to facts with your folks.

I think in general, every investment needs to be studied, and the most important thing is if it is legitimate. That’s the make or break on it. If you believe it then goes. The best way to approach investments, in my opinion, is to spend what you can afford to lose.

[dothebeats]

Short answer: yes. Bitcoin per se is already a good investment, although a reliable one I'm not so sure about that, considering that there are lots of times wherein flash crashes happen and a huge chunk of the price is wiped out. For early adopters and those who came in very early, particularly 2010-2011 dudes, they can attest that bitcoin isba guaranteed win, though there isn't any certainty that it would continue to roll like this for the next coming years. Entry price is one huge factor in determining whether an investment is reliable and successful, especially on high-risk and highly volatile investment like bitcoin.

[Erickan]

Investment is a potential area of many risks, especially investment in bitcoin. No one can tell where the bitcoin will go in the next five to ten years, it could be $ 100k or maybe $ 0. So I think it's not a good idea to invest in bitcoin with a huge amount of money, invest a sufficient amount of money, your excess money and make sure you can take the risk with that money.

[Indamuck]

As much as I like bitcoin I would never recommend someone to put their retirement money into btc.  Bitcoin is very young compared to traditional investments like stocks and bonds.  It could crash to nothing in the future,  if they already have a good amount of money there is no need to get greedy and risk it.

[Haunebu]

As much as I like bitcoin I would never recommend someone to put their retirement money into btc.  Bitcoin is very young compared to traditional investments like stocks and bonds.  It could crash to nothing in the future,  if they already have a good amount of money there is no need to get greedy and risk it.

Crash to nothing? You make it sound like it is some kind of ponzi which will crash and burn inevitably. Completely disagree with you here. I do agree that converting retirement funds into BTC is very risky, but it is still a viable option.

The risk here is that their investment might lose value over time and not completely disappear due to the volatility of this market. However, I don't think this will happen and I feel they should invest only what they are willing to lose and sell once BTC meets their target price in the future.

[Ridwan Fauzi]

The price movement of bitcoin is not stable you have to know it, for those people who know bitcoin and his knowledge to bitcoin they will answer yes bitcoin is promising place for an investment. But I doubt if there is someone who try to invest in bitcoin but he didn't know bitcoin at all, it will be risky for him. The volatile price is the main problem for him, he could sell in lose situation due to its price continue to fall such as last year.

However, if you are an investor and wonted to choose long term investment might be bitcoin can be considered as your investment place. You have to know at least for ten years bitcoin has been grow up in price drastically. From $1 in 2009 and now $11.000 (even $20.000 in 2017 ago) in 2019 is an extraordinary achievement. And I have confident for five years a head even ten years a head bitcoin will past $20.000 as an ATH.

[AG3NT0R4NG3]

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.

[Lucius]

It's very difficult to give a correct advice in such case, and I would avoid to put a bug in ear of someone who want to invest such amount of money. Bitcoin is very risky investment, but if we look at history (past 10 years), it is a very profitable investment. It is impossible to say what will be in 5-10 years, so any investment in bitcoin is a big risk, not only because of price, but also for security reasons.

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?

Below $10k is possible, considering that after every ATH we see big correction up to 90% - so only safe play would be to invest now, set some target for sell and take profit at that point. After that wait for bottom again, and repeat the whole process. Holding for 5+ years might be stressful in times when price is going down, one day your bitcoin is almost $20k, and few months later it is only $10k.

[stadus]

It's hard to tell but suggest you let them study the market first and they should understand that bitcoin is considered as a high risk investment.

If you will ask me, I believe the future of bitcoin is good and in 5 to 10 years of holding, its expected that the value will rise since adoption would certainly increase due to the entrance of institutional money.

[lienfaye]

For me yes its a profitable investment especially for long term hodling but because bitcoin is volatile, price fluctuation is inevitable so we can expect the price to turns up and down and can get even lower at $3k if the market is in bear season.

Every investment has risk and cant 100% guarantee of good return however bitcoin through the years gave us a progress that despite of the price declining it can bounce back, really unpredicted.

Its better for your friend's parents to understand first how crypto works because its a roller coaster ride kind of investment.