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

[shoreno]

Still i love BTC and will carry this love also to BTC because it have given a good feedback when i engaged into it.

you mean you love btc just because you hear good feedbacks about it ? that mentality is no good because all can say good things about btc but you didnt know that they are lying  . ive seen lots of guys who ended a situation like this because they arent doing a research on thier own  .

But i can not suggest you to invest here as market is too much volatile and there is no controlling body in the world that people can complain about market down and up.

i though you love btc so much ? you said earlier right ? but now you cant suggest btc to everyone ? but thats true actually   .btc is so unstable but if you really want to invest and possibly earn , you should accept those factors .

[ghost424]

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?

The Cryptocurrency Industry is in the process of Stabilizing. Some values of Crypto are always fluctuating and stays that way for some period of time. IRA is an Alternate Cryptocurrency that has the capability to increase its value as time passes by but Bitcoin also has this capability and its value is far higher than IRA.

One decision to consider is by investing in Both of the Cryptocurrency and trust that it will be profitable.

[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.

Funny how everything I've written above actually happened. Well anyway, new prediction. Buy.

[carlfebz2]

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 dont like to be blamed out then its better for you to teach them about the risk first before talking about earning money with bitcoin.

Its never been a reliable and stable investment since this is an unpredictable thing.If they cant handle out the risk then this place isnt for them and

better to stick out with those investments that they do know but well, when it comes to return then its totally different.

[MCobian]

Your question is actually very common, many are not sure about investing in Bitcoin. Maybe it's because I'm a Bitcoin believer, of course,
if asked to invest in long-term IRA or Bitcoin, my answer is 100% recommend Bitcoin. Because in my opinion Bitcoin is very reliable and
profitable, but Bitcoin is not a stable investment. Because the price of Bitcoin is volatile, I suggest if you are in doubt why not investment
in both. Share the capital that your friend's parents have for 50% investment in Bitcoin and another 50% investment in IRA.

[pixie85]

It's an old thread guys. If he was considering an investment a year ago he either did it or not. There's no point in giving him advice now.

I think that it's a good investment but any newbie can see that it isn't stable.

[PonZZ]

Is Bitcoin reliable? - yes
Is it stable? - no, it's extremely volatile.
There is no guarantee about Bitcoin's price in a year, no one can say if it's a good investment for a longer period. If you friend's parents have so much money, they can buy several uncorrelated assets like Bitcoin, XAUt an etc. 

[Lorence.xD]

It's an old thread guys. If he was considering an investment a year ago he either did it or not. There's no point in giving him advice now.

I think that it's a good investment but any newbie can see that it isn't stable.

This topic should have been locked in the first place if the OP have finally decided whether they should invest. I agree that it is a good investment but I do think that does not make it a safe haven, if you are a newbie, my advice to you is to diversify your portfolio so when something experience a down time then you will not be panicking because you know that you still have other investments that are making a constant cash flow for you.

[stadus]

It's an old thread guys. If he was considering an investment a year ago he either did it or not. There's no point in giving him advice now.

I think that it's a good investment but any newbie can see that it isn't stable.

This topic should have been locked in the first place if the OP have finally decided whether they should invest. I agree that it is a good investment but I do think that does not make it a safe haven, if you are a newbie, my advice to you is to diversify your portfolio so when something experience a down time then you will not be panicking because you know that you still have other investments that are making a constant cash flow for you.

Yeah because it was just recently bumped and OP is not anymore active, so it should be lock not by OP but the mods or please avoid bumping this thread anymore.

[thesmallgod]

Please let them understand that investing in bitcoin takes a lot of risk and this is exactly why many of us will always advice people to invest anything they can afford to forgone. You cannot earn passive bitcoin by investing in it. If they want to hold for a long time then I can give them some hope that they will earn profit but this is not guarantee because a lot of factors affect the price but we are all hoping for a more brighter future for the coin

[btc78]

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.

In this part we can easily prove the greediness inside these parents and i am afraid that crypto scammers and hackers may
 lure them into something misleading because of their desire of gaining too much
 than what they are getting now.

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?

If they are really looking for long term Holding then they must not care what will be the price for the entire years,
Because all they need to look at are the value who will be decided when the target time reached .

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

Please tell them to decide on their own,You will just help them learn about this market but the risk is always there.

[0nline]

Do not put all of your money into BTC. Diversify.

[SomeJasonGuy]

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.

Reliable and stable are all relative terms. And as with any investment, where there's a probability of high rewards there's also a high degree of risk. That being said, in the space of cryptocurrencies, bitcoin is the most stable and reliable. But in space of overall asset classes, gold surely is the most stable and reliable - but not as risky and therefore not much of a possibility of a high return in 5-10 years.

[ChiBitCTy]

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?

I get questions about bitcoin and other cryptocurrencies often do to my career.  I am always getting asked about "investments" when they are hot and performing well in the markets.  Bitcoin and Marijuana stocks are two that I often get so many questions about.  My advice always starts with have you done your homework on this? Do you already have an established portfolio with traditional investments and are on track for retirement or to achieve the goals you had previously set our for yourself.  Most people just hear/think it'll be a get rich quick ordeal and that's often just no the case.  Do you homework first and foremost and understand what you're getting yourself in to. 

[Yatsan]

Bitcoin is a good investment but a risky one as well so if you were trying to get into investment with Bitcoin, better just invest a decent amount you can afford to lose. At the category of cryptocurrency investment,  we can say that Bitcoin is the most reliable and stable crypto good for investment but still you must take into consideration that its price is volatile. Yes it could give you awesome rewards for holding and waiting until it pumps but still on the other hand, there is also an open possibility that it could get into the other way around experiencing dumps which can be affected by certain situations which can have an effect on the pricing of Bitcoin.

With regards to the possibility of Bitcoin going down to $10,000 or $9,000 or even lower than $3,500 it depends if it would get into such situation but there is always an open possibility that such thing could happen on the price of Bitcoin.

[24Kt]

Bitcoin is a good investment but a risky one as well so if you were trying to get into investment with Bitcoin, better just invest a decent amount you can afford to lose. At the category of cryptocurrency investment,  we can say that Bitcoin is the most reliable and stable crypto good for investment but still you must take into consideration that its price is volatile. Yes it could give you awesome rewards for holding and waiting until it pumps but still on the other hand, there is also an open possibility that it could get into the other way around experiencing dumps which can be affected by certain situations which can have an effect on the pricing of Bitcoin.

With regards to the possibility of Bitcoin going down to $10,000 or $9,000 or even lower than $3,500 it depends if it would get into such situation but there is always an open possibility that such thing could happen on the price of Bitcoin.

As many others have said, bitcoin is a very risky and volatile investment. So I don't consider it as a stable investment. Especially if you are new in this market, you will be overwhelmed if btc will drop by $1k overnight, and the thing is, it is just normal for this market. Can rise $5k in a matter of few hours. So if you are not ready for this kind of market movement, better put your funds in tangible assets like real property or gold, where you can sleep peacefully at night.

[Sadlife]

Bitcoin is a safe investment when you compare fiat value in Bitcoin, and the massive money printing that's stealing tje purchasing of a currency that can lead to hyperinflation. Which is pretty much dangerous, because all your savings, investment, pension would go to zero. O yeah, i think BTC is 100x safer than fiat, and in the long run it will be much more valuable due to its scarcity.

[verita1]

Bitcoin is a risky investment due to its volatility and in order not to suffer losses, it is necessary to know how to manage its trends. If the investment was made in the month of July 2019 when this thread started, the price of Bitcoin was around ~ $ 10,978 only on a few occasions the price has been exceeded. Expert traders could generate profits with this investment combined with other cryptos.

[Max2140]

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?

Hi,
It depends on individual investment goals, risk appetite, investment horizon, and current investment portfolio allocation to alternatives and other risky assets. Many factors need to be taken into consideration when calculating the optimal allocation to Bitcoin. This is actually the investor advisor (RIA) work, though they are still reluctant to enter the Bitcoin market. Generally, a small allocation to Bitcoin with a long-term investment horizon makes sense and can actually increase overall investment portfolio risk-adjusted returns.

[philipma1957]

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?

both. 80% ira 20% btc. 80k + 20k

my logic is as follows.

 btc will bust or grow like mad.

ira will grind out 1 to 2% a year.

so in ten years if btc goes 3x you have  60k
if ira grinds 2% a year you have 96k

total of  156k

if btc busts or does really bad. it may be  only 10k a loss

but the ira grinds out the 2% and you have  of 96k this plus 10k means 106k

so the two cases above are 156 + 106 which is 262 / 2 = 131 average

if you do all 100% ira at 2% you get 120

so a gain of 31 in two cases averaged 6 on the low side 62 on the high side.
or a gain  20.

so I would hedge 80 ira 20 btc.

and review in. 10 years.




note disclaimer
i am not a professional. my writings are not advice.

so if you do all ira and are angry at a failure i am not to blame
if you do 80 ira + 20 btc and are angry i am not to blame.
if you do 20 ira + 80 btc and are angry i am not to blame.
lastly if do 100 btc and are angry i am not to blame.

but for me 80 ira 20 btc is my personal choice for myself.