Does anyone else feel like Bitcoin is a safe investment?

[STT]

I don't know anyone who keeps cash.  Like in a mattress?  Most people have an IRA or they have assets like real estate

Most people earn cash and keep at least some on average.  A pension is usually made up of bonds promising cash.   It is a policy done to discourage holding cash, as consumerism is supposed to help business more then saving.
Keep shares in companies operating globally should help yet all currencies are related to the dollar system and real estate should be good but as we know the majority of sales are backed by government.  So once again you have an inaccurate price and inflation meaning a purchase is not the bargain it could be

[Chris_Sabian]

Bitcoin does fluctuate, but it's value is not as easily manipulated. I like how it won't be crushed in value due to hyperinflation like in other instances. It really has a good chance at a store of wealth and value. The altcoins will be used for purchase, and Bitcoin will be kept for investing long-term.

The Willy Report suggests otherwise.  There is evidence that suggests that MtGox did manipulate the market.

[Biro Bob]

Yes

[Gimmelfarb]

yes, i would agree that bitcoin has a very strong future because of a) its finite supply, b) its transportability and portability, and c) its extremely strong computing network. it is obviously risky, as it is a brand new asset class, but its fundamentals are extremely strong.

[validium]

The question is not whether Bitcoin is a safe investment, but is Bitcoin an investment at all? In normal circumstances, a currency can never act as a form of investment.

Well bitcoin is a form of both an asset and a currency so yes it is an investment(financial) cause it appreciates in value.

[wenben]

yes, i would agree that bitcoin has a very strong future because of a) its finite supply, b) its transportability and portability, and c) its extremely strong computing network. it is obviously risky, as it is a brand new asset class, but its fundamentals are extremely strong.

High dependency on technology should be seen as a weakness rather than a strength in time of crisis.

[Predatorian]

i would like to invest money on btc, i believe it will be a main currency in future.

[blatchcorn]

i would like to invest money on btc, i believe it will be a main currency in future.

I wish I could get all my friends to just put $10 into bitcoin, but I fear I would look like I have been brainwashed if I told them all.

It is a no brainer to take a punt in bitcoin with a small amount you can afford to loose anyway.

$10 in bitcoin can easily turn into $1000 later.

[nickenburg]

I definitely say Bitcoin is a save investment, especially if you hold it for a few years.
I'm happy that my brother is gonna buy 1 bitcoin and keep it for a few years.
So we will see!

[madken7777]

All currencies will eventually return to its intrinsic value.

[DolanDuck]

Bitcoin is one one the best world investments you could do in the last years, I think we will see other 4-5 bubbles before the price will find its place.

[Swordsoffreedom]

All currencies will eventually return to its intrinsic value.

True but defining a currencies intrinsic value is relative to the economic inputs and the goods and services that can be exchanged for using the currency. Finding the intrinsic value can always be a mystery

[STT]

Intrinsic would be a snipe on the fact bitcoin has no base exchangeable worth, so they are saying it will goto zero and/or be replaced.    Dollars are made from cotton, ditto just a comment on its priced value being far beyond its base worth.  Gold is an element, it will never be replaced so that would have intrinsic value at some level though some say its also overvalued, etc
Extrinsic, oppisite means not essential ie bitcoin cannot be argued to be essential

yes it is an investment(financial) cause it appreciates in value

Thats circular logic imo.  Anything at all can make money.  I'll buy a jar of air from you for more then you bought it if I felt like.     A man made millions from selling pet rocks.  Can the owners said to have made an investment, the rocks did appreciate at least initially

I think investment is a (re)usable entity that returns a positive from the utility it provides.  Bitcoin maybe could be argued as unique and useful, its enabling business to take place globally that might otherwise be difficult.  However I would say its more of a commodity and the investment potential lies with the companies that utilise it not the bitcoin by itself.  
 Gold or silver are not investments, they have no return from themselves however they can be crafted to a product or they can allow stable business to be conducted similarly so that is utility but the investment return is in their use not the raw metal same with bitcoin. I dont think bitcoin gives a return only speculative gains from others activity, its an inverse relationship not direct investment similar to plain dollars

[devphp]

Is people's faith included in the "intrinsic" definition, that is, I know what people are willing to exchange the currency for and I have a certain amount of faith for that and that adds to the value of the currency?

[keithers]

I wholeheartedly feel that if you are looking at it from a long term standpoint that it is a safe investment.  I don't think it is that safe anymore to turn a huge profit in a few days...but then again no "safe" investment offers upwards of 25% appreciation in the short term (otherwise everyone would be doing it).

I am honestly look at my BTC holdings as another savings account, since I don't really ever sell, and I don't really buy all that much anymore (except during flash crashes)...

[right wing authoritarian]

Whether Bitcoin is a safe investment or not also depends on the way you use it. Bitcoin parked in cold storage with a secure password and a backup in another location is a reasonably safe. Bitcoin on your laptop at home with a short password and no backup is just asking to be lost or stolen.

[hamza171]

It's not safe buy I'm ready to take the risk ,Beside owning the coins (which is an investment itself ) I joined a HYIP program called CRYPTORY ,and so far I'm satisfied about it I'm getting my pay-outs daily

[Harley997]

All my fiat's value is simply being eroded by inflation and if the UK government defaults on its huge amounts of debt, the £ could be worth next to nothing.

Yeah, Bitcoin fluctuates but the risk of a total collapse of Bitcoin seems less likely than fiat currencies when you think about it.

You are correct to understand some of the risks of holding UK pounds, however you are not correct to understand the risks of holding BTC.

It would be possible that someone creates a "better" (meaning adopted by a larger portion of the population) or a "fairer" (meaning perceived as more fair by the population) coin. Another possibility is that someone could find and exploit an unknown weakness in Bitcoin.

I would consider BTC to be highly speculative. I think it will go up in the long run, but this is not without risks.

[Swordsoffreedom]

All my fiat's value is simply being eroded by inflation and if the UK government defaults on its huge amounts of debt, the £ could be worth next to nothing.

Yeah, Bitcoin fluctuates but the risk of a total collapse of Bitcoin seems less likely than fiat currencies when you think about it.

You are correct to understand some of the risks of holding UK pounds, however you are not correct to understand the risks of holding BTC.

It would be possible that someone creates a "better" (meaning adopted by a larger portion of the population) or a "fairer" (meaning perceived as more fair by the population) coin. Another possibility is that someone could find and exploit an unknown weakness in Bitcoin.

I would consider BTC to be highly speculative. I think it will go up in the long run, but this is not without risks.

The risk depends on your duration like any other investment as well, its definitely not a bond with a guaranteed return but nonetheless if you have time and patience it will probably be a very good investment.

Although Harley is right it depends on what innovations are created and how Bitcoin measures up in the long long term.

[sukamasoto]

I am not sure if you want to invest in bitcoin due to the rapidly changing prices