rnchavez19
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September 15, 2020, 03:02:23 AM |
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this is just an opinion,
but with bitcoin reaches(or already reached its peak)due to its increasing in popularity and utilization, it shall stabilize (in such a way that it will lower the value 5-10 years from now) along the way.
an analogy to this is how a game balancing(stabilization) is applied to published games by the developers (the big guys on the market) to ease/or utilize some of the features/components(physical and non-physical factors) affected by sudden flux/variation.
while bitcoin is not in a grip of any individual, its volatility is depended on the players in the market.
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peter0425
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September 15, 2020, 05:20:17 AM |
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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?
If your asking about "stable investment" then you are at the wrong place Because a Volatile market assures you nothing. But if you can risk and know the consequences ?then i may say that In the Long run,I mean in future when you Hold then the profit will be indeed. Like those early adopter of Bitcoin that taste their fruit after 8-9 years.
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bryant.coleman
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September 15, 2020, 05:24:21 AM |
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If your asking about "stable investment" then you are at the wrong place Because a Volatile market assures you nothing. But if you can risk and know the consequences ?then i may say that In the Long run,I mean in future when you Hold then the profit will be indeed. Like those early adopter of Bitcoin that taste their fruit after 8-9 years.
Right now, the only stable investment is gold. All the other investment assets, such as stocks, real estate, mutual funds.etc are behaving in a highly volatile manner. And if you check the Bitcoin charts for the last 6-7 months, you can see that the prices have fluctuated less than many of the established large-cap stocks. Bitcoin continues to be volatile, but this volatility is declining.
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jpnl0005
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September 15, 2020, 08:41:53 AM |
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Its not advisable to invest all in Bitcoin there are other good investments that are also worth investing in the likes of Gold and others... Bitcoin has its glorious moment and it's crashing moments it's never always Rosy so invest a certain percentage in Bitcoin an amount you can lose without having a major effect
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Expecto
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September 17, 2020, 07:10:24 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?
Bitcoin and any other cryptocurrency always have risks. Volatility is their nature. But in my opinion, investing in Bitcoin for a long term can be quite logical compared to short-term investment. There has been various examples of Bitcoin price having a dip and after that going to a very high levels. This is my opinion and it is your choice.
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Bitcoinislife09
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September 17, 2020, 07:25:34 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?
When investing in bitcoin it is always a big risk so you can't really invest all of your money in bitcoin but only the money that you could afford to invest. Personally I think bitcoin is a good investment compared to other investments that you could do. I personally recommend bitcoin if you already have experience in cryptocurrency and you already know what you are doing or at least you know someone that could help you invest in crypto. For me bitcoin is great as a investment, not a currency as we could easily see the bitcoin volatility.
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Shasha80
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September 17, 2020, 11:11:22 PM |
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Bitcoin is an investment with a very high risk, so it is not a stable investment. We must first get to know Bitcoin, before deciding to invest in Bitcoin. It is true that Bitcoin can provide enormous and unexpected profits. But on the other hand Bitcoin can also make you suffer a big loss. So investing in Bitcoin must be wise and patient, so some people who have been investing in Bitcoin for a long time always say invest money that we can afford to lose. Because Bitcoin price movements are very volatile.
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AmoreJaz
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September 17, 2020, 11:18:55 PM |
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Bitcoin is an investment with a very high risk, so it is not a stable investment. We must first get to know Bitcoin, before deciding to invest in Bitcoin. It is true that Bitcoin can provide enormous and unexpected profits. But on the other hand Bitcoin can also make you suffer a big loss. So investing in Bitcoin must be wise and patient, so some people who have been investing in Bitcoin for a long time always say invest money that we can afford to lose. Because Bitcoin price movements are very volatile.
i hope the OP already know what to do with his money. investing in bitcoin is indeed a high risk investment. dont expect that your money will be doubled or tripled when you finally decided to sell it in the market. though btc is showing a very promising future but dont forget that the price movement can change drastically at a very short period of time. it is like a gamble that youre taking here. so yeah, invest what you can afford to lose! a very common piece of advice but it really is valuable to keep in everybody's mindset.
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int03h
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September 18, 2020, 04:06:15 AM |
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Bitcoin can be a good investment in the crypto world because it has a more stable value than other cryptocurrencies. Compared to bitcoin's ATH which is currently worth $ 10,000, it's pretty good and hard to drop lower. People often expect bitcoin to reach a higher level of value, but unfortunately, bitcoin is just a speculative asset, the community that supports bitcoin and there is no institution responsible for it. If your parents are looking for a long-term investment, bitcoin is also a good investment, but advise them to diversify their investments with other forms such as stocks or real estate.
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Johny H.
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September 18, 2020, 03:39:31 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?
Bitcoin long term, IRA short term, gold mid term. IMHO
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bitzizzix
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September 18, 2020, 04:21:45 PM |
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Investing in any form has risks including bitcoin which is very volatile, where the price can change significantly from time to time which must be considered and considered before investing. and in my opinion the safest is to invest in the long term indefinitely and avoid worrying when the price of bitcoin drops, and will only wait for bitcoin to rise again to make a profitable sale, it takes a lot of patience in investing in bitcoin because bitcoin will always give you a good profit good even if it takes a long time.
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Ayiranorea
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September 18, 2020, 06:28:52 PM |
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What's your opinion on traditional stock and forex. If those were reliable and stable investment then without any argument one will easily conclude bitcoin having all the required properties. Each and every investment has got risk in it, we don't think much about it. When it comes to bitcoin or something related to cryptocurrency investment people are easily getting into panic. This is the reason for a serious examination about the reliability of cryptocurrencies.
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eaLiTy
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September 18, 2020, 08:41:33 PM |
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What's your opinion on traditional stock and forex. If those were reliable and stable investment then without any argument one will easily conclude bitcoin having all the required properties. There is a major difference between traditional stock exchange, the market price of a stock is directly dependent on the policies the company makes to have a sustainable growth and the amount of profit they are making annually but in terms of forex the cryptocurrency market can the correlated as the market movement is on similar principles. Each and every investment has got risk in it, we don't think much about it. When it comes to bitcoin or something related to cryptocurrency investment people are easily getting into panic. This is the reason for a serious examination about the reliability of cryptocurrencies. The reason for the panic whenever there is a correction in the cryptocurrency market is because there is no benchmark to check the reason why the market went down exactly like we have in stock market, all we know is that there is a massive sell off because some whales thought of booking their profit and the entire market follows.
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Expecto
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September 19, 2020, 03:10:51 PM |
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Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?
I don't have much information about IRA. But I can say that Bitcoin can be quite profitable if you are willing to keep your money on it for a long period as you said. I think Bitcoin is not very short-term friendly but a good choice for a patient investor.
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Asuspawer09
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September 19, 2020, 04:53:30 PM |
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Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?
I don't have much information about IRA. But I can say that Bitcoin can be quite profitable if you are willing to keep your money on it for a long period as you said. I think Bitcoin is not very short-term friendly but a good choice for a patient investor. Bitcoin is not stable investment but a good investment to those who know how to trade and to managed their funds, it is not like you buy and wait then earn, there is a need for work to be able to gain in this investment. It is risky and needs to be very much focus in monitoring it as price varies depending on news and analysis. But unlike other altcoins or cryptocurrency, bitcoin is much safer and stable than them. Probably I would stick in bitcoin investment because I already know and have experienced in cryptocurrency, in my opinion, bitcoin is only the best investment where you could potentially earn a high profit because of the value volatility. If you observe the market even in short term you could probably earn a big profit already in just a small time. You could also invest in trading if you know how to trade altcoins in an exchange, you could invest money in a trusted exchange that you choose and then buy altcoins that you think have the potential to increase its price. I might earn a decent amount of profit daily in trading and new projects.
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Eureka_07
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September 19, 2020, 05:13:34 PM |
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<...>If you observe the market even in short term you could probably earn a big profit already in just a small time. <snip> Always good to stay keeping in touch with bitcoin investment. I'm actually stuck right now between hodling it or trade it already to an stablecoin like USDT. Short term trading of bitcoin can't guarantee high profit, unless bitcion suddenly spiked and you're so lucky that you are checking bitcoin's current price and decided to sell it. But that's unlikely to happen on short term trades so don't give some kinda false hope though it's possible to happen.
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Axelseseclevz
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September 19, 2020, 05:30:43 PM |
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Bitcoin is volatile and too risky. Bitcoin is not a stable investment but it is reliable if you have enough knowledge in investing. Holding for a long term period is good but still risky. Better to learn first about bitcoin investing before jumping into it.
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VanityWallets2015
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September 19, 2020, 05:37:06 PM |
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Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?
I don't have much information about IRA. But I can say that Bitcoin can be quite profitable if you are willing to keep your money on it for a long period as you said. I think Bitcoin is not very short-term friendly but a good choice for a patient investor. Bitcoin is not stable investment but a good investment to those who know how to trade and to managed their funds, it is not like you buy and wait then earn, there is a need for work to be able to gain in this investment. It is risky and needs to be very much focus in monitoring it as price varies depending on news and analysis. But unlike other altcoins or cryptocurrency, bitcoin is much safer and stable than them. Indeed. Investing with Bitcoin requires adequate amount of patience and hard work. When it comes to turnovers, it is profitable but not really stable especially in its nature. Bitcoin is for the strong hearts and minds ones due to its high risk and it is not a one time big time here.
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Lizzie_Girl
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September 19, 2020, 09:00:57 PM |
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I'm more sure of bitcoin going up then local currency. You need to believe in bitcoin in order to invest for the long term. IF you do then I think you should agree. I find it hard to believe when the bitcoins are all mined that it will be below $10k. It's still being adopted it might go to a million $$. It depends on how many more people adopt it and I believe there are many.
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malikg18
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September 20, 2020, 04:32:36 AM |
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For short term it is not suitable for investment, if anyone have patience and can hold it for long term then it is reliable but it should be bought in dip not in up price.
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