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

[keziakusayang]

for the long term I think bitcoin has a big risk because the price is unstable. we all here no one can predict the price of bitcoin in the next few years right. Look at the last 2 years, the price of bitcoin has dropped dramatically and suddenly soared dramatically.
I think if you are ready to risk between loss and profit you can invest in bitcoin.

[1713981116]

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[1713981116]

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[Linkkoin]

Is it reliable - I would say yes. If you know when to buy it of course. So far all since 2010 it is rising. Even last bottom was more than 13x as much as a previous bottom. But estimating how much would it cost in the next 10-15 years it is all just wishful thinking.

Stable - as an investment (so far) BTC has not really much to offer as speaking of stability. This makes it a great tool for daily traders (who can make money on many lows and highs even in matter of doays if not hours), as well as people who buy at bottom and wait patiently to sell at all time highs (this approach had proven to work so far with each single cycle).


If you decide to trade on a daily basis - then remember that panic and greed are not your friends.

[Dapper]

Not stable or reliable at present.   It's an ideal investment opportunity (and much less so than 7-8 years ago) if you have no or low debt, have your home paid off, have other investments and other passive income.   It's not good idea if you don't have other non-crypto investments.   

[mk4]

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.

I doubt you could convince a parent how to study the markets. I think OP's friend's parents are only looking for an asset to park their funds to hopefully gain profit.

To all the people replying talking to OP concerning trading, read the post again. This is not for OP. OP is asking in behalf of his friend's parents.

[rdluffy]

I don´t like the idea of convince someone to enter on cryptos, I suggest you to only tell him about BTC and show the infos about, it's better if him study the market first to be confortable to invest money on cryptos (BTC in this case)

You know BTC can worth 100k in the future, but could go to 1 USD to, if any person says BTC will rise in price 100% for sure, it's a lie, there are risks, so study and research first and if the person agree with, explain to him about how to invest, when, where, which wallet etc

[0zero0]

This looks like your friend's parents are putting in their life savings in it. If that's the case then I would strongly recommend them not to invest in BTC.
We all know how volatile bitcoin is and if we are putting our money in it then we should be very patient and completely forget about it for the next couple of years.
Even after that there is no guarantee that bitcoin will return huge profits. The probability for a profit and loss is 50 - 50.
So if they want then they can invest a minimum amount in BTC while investing the rest in more secure investments.

[isamu]

Much appreciate the replies guys. Will certainly take all your suggestions into consideration. I myself own a small amount (about half a coin) and am quite comfortable with my investment. But like you guys said, it is risky. Upon further thought, I'd say at the moment I don't think it would be a good idea to suggest to them to invest in it, despite my personal beliefs that BTC will rise in value over the long term. 100K is a lot of money and like one poster stated, I don't think I could handle the burden of having their savings wiped out should BTC collapse for some unknown reason.

I think it would be wiser to, per avikz's suggestion....invest the funds into a Portfolio Management Service. I'll have them look into that direction instead. Meanwhile I'll continue to HODL my 0.5 BTC and hope for the best

[audaciousbeing]

My answer to the question would be yes to the Reliable and No to the stable part because according to the definition of stability, bitcoin price is far from that to the extent that stability in bitcoin or crypto generally is used as a range for example ''price has been stable above $5000 in the past couple of months'' this statement is just an expression and does not have anything to do with stability. Reliability on the other-hand is a positive attribute which to me bitcoin has not fail from the beginning and I am yet to see any investment that is not physical in nature do much that it has done in terms of returns.

[jakelyson]

I think it would be wiser to, per avikz's suggestion....invest the funds into a Portfolio Management Service. I'll have them look into that direction instead. Meanwhile I'll continue to HODL my 0.5 BTC and hope for the best

Considering that bitcoin is a high-risk investment and that they have no clue what they are doing investment-wise, it is better for them to hire a professional financial advisor. I am sure the advisor can give them better guidance in regards to risk management and choosing the right portfolio for long and short term investments.

[monalia]

I think it would be wiser to, per avikz's suggestion....invest the funds into a Portfolio Management Service. I'll have them look into that direction instead. Meanwhile I'll continue to HODL my 0.5 BTC and hope for the best

Considering that bitcoin is a high-risk investment and that they have no clue what they are doing investment-wise, it is better for them to hire a professional financial advisor. I am sure the advisor can give them better guidance in regards to risk management and choosing the right portfolio for long and short term investments.

If you do your own analysis you can personally take the decision on your own investment
You never need to hire any advisor for crypto investment. There are plenty of scammers in this forum as well as outside their to scam you so don't be the victim on hiring someone.
Hope you can understand what I am saying.

[Tahsin Kabir Kollol]

I think that Bitcoin investment is a reliable but not stable investment. Bitcoin investment is reliable because bitcoin is a popular and trusted cryptocurrency. Bitcoin is a modern technology for the transaction and it is the future currency. Because of its price increasing or decreasing, It is not a stable investment. Traders want bitcoin price volatility to earn the profit. So Invest in bitcoin, You need proper knowledge about cryptocurrency. If you have proper knowledge about bitcoin then it is a reliable investment for you.

[Upgrade00]

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?

Any price us possible, and logically yes it can go below $3500, but in the long term I predict an upward rise.
When buying I'd advise you apply trading skills, and buy at different levels, it's best to get it for as low as is possible, and this could be done installmentally, rather than a one off purchase.

For stability and reliability, to an extent, it is reliable. Volatility is high, so it's not stable as yet. It has it's risks and potentials.
I would not suggest a drop off for 5 or 10 years. Rather they could get involved in the community and make their decisions as they learn more about it.

[funchiestz]

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?

If you ( or they) looking for reliable investment, Bitcoin would be the greatest choice for the long term. I think Bitcoin is the most potential way of earning money now. But you're looking or stability at the same time. Sorry Bitcoin investment doesn't offer this to you. You may look at Bitcoin/USDT price charts. Its price constantly goes up&down.

[Artemis3]

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?

How about both? Ever heard the phrase, "Don't put all your eggs in the same basket"? I'm sure in the long run bitcoin is better, but still you have to take rational action, not emotional.

And, bitcoin can be lent for even further profit. But always diversify your investing portfolio. Some people don't have discipline, if you invest in bitcoin now at 12k and it falls back to 6k, you have to wait, however long it takes, to return back to 12k. That can be months, years or decades.

So as long as you explain them clearly what they are getting into, and that the invested money might not be available when they want it, then sure.

[b3llsf1l3s]

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?

If you ask for this right here, of course the majority will answer Bitcoin above from the IRA. Bitcoin I don't think it will and it won't be a stable currency.

Is it reliable? My opinion is that was in the middle between yes and no.

[Kakmakr]

Bitcoin is very volatile and unpredictable and also a high risk investment, because it is still experimental. In spite of all these negative aspects, I still think people can still make lots of profit, if they manage the risk. A lot of people says Bitcoin is a long-term investment, but I beg to differ, because you have to profit in the short term on the volatility, if you want a risk free investment. <Every time the price goes to a ATH, you have to sell some coins to make a small profit to reach your ROI stage and after that it is risk free>

I did this when Bitcoin reached it's ATH of $18 000+ in 2017 and I quadrupled my in investment capital and just sold enough coins to get my initial investment capital back.   (That profit is equal to 8 years of the highest interest that I would have received from a fixed deposit on a savings account) 

[proTECH77]

Will start by saying that; Bitcoin is an investment and not a stable type of investment like the stable coins or the Fiat type. Investment in Bitcoin is a total risk and if an investor can take the risk, it's always pay off at the end, as a testifier, I had made some reasonable profits from my investment into Bitcoin, this investment is reliable on a long term and not on Short term.

[killat]

My tactic: keep buying small amounts of btc, this way you buy at low and high dollar/btc rates.

Eventually it will be worth much more.. my guess.

[bering]

Bitcoin is risky investment but decent to be considering as future investment because the development of bitcoin still possible to increase in the future and for long term purpose i think bitcoin is good option and regarding the price i think people cannot provide the exact answers at what range bitcoin will be hitting but i'm sure for next few years bitcoin price will be more expensive than the current price

[kennen1113]

Bitcoin is risky investment but decent to be considering as future investment because the development of bitcoin still possible to increase in the future and for long term purpose i think bitcoin is good option and regarding the price i think people cannot provide the exact answers at what range bitcoin will be hitting but i'm sure for next few years bitcoin price will be more expensive than the current price

As you said, even though people always consider bitcoin as an investment that can become developed in the future but they still don't deny the risks in bitcoin, so there is no reason for you to be sure that bitcoin will become more expensive in the future, accurate predictions about the future are impossible. And facing this topic, bitcoin is probably not a reliable and stable investment with the risks it has but people are not too concerned when this is still a trend, it can still maintain for a while, benefits are still too big and enough for people to accept the danger to invest