Is 1 bitcoin a decent and good investment?

[cuddaloreappu]

my uncle said that 1 bitcoin is all he could afford right now..i could not assure him if it is really a decent and good one...

i said him i will get back to you after i ask this in the forums..

so what is your opinion?

[Beyonce]

I think it is, but you should only invest what you can afford to lose.

[guybrushthreepwood]

In my opinion it is. It's a nice enough amount that you could earn a bit of money if you hold it for long enough but not so much that it's a big loss if you lose it or whatever. Just know the risks.

[bryant.coleman]

Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins. 

[adz7]

Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins. 

Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin?

I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin.

[acs267]

I'm not going to say 'If Bitcoin' this or 'Bitcoin will be this high in' or state a whatever-the-hell value. A investment is a investment. It could lose value. Crash. Be forgotten. It can also rise. It's a 50/50 chance.

[watcoin]

All investments carry inherent risks but I would say yes indeed. Also you do not need to buy 1 BTC. How about consider investing, say, $200/month (or whatever he can afford) and just keep buying $200 worth of BTC per month no matter what the conversion is. This process takes all emotion out of the equation. It is known as dollar cost averaging. Some months you will get more btc than others but it is a systematic way of accumulating BTC. This is not a quick get rich scheme. In fact once you start something like this, continue it for as long as possible.

Process does work better when compound interest is involved but I do not think that there are any trustworthy investment firms paying interest on BTC in BTC. I would love to be corrected on that!

[cuddaloreappu]

thanks for all your replies

[ujka]

Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins.  

Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin?

I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin.

There is no need to pay for 1 whole bitcoin in that future. How about $4 for 100 'bits' then, how that sounds?  

[watcoin]

Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins.  

Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin?

I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin.

Sounds crazy, I know, but look at what people are willing to pay for one of Warren Buffet's preferred shares:

https://ca.finance.yahoo.com/q?s=BRK-A

$192,476.00

1 share. Yeah investors would pay 40-50K for 1 BTC for a joke.

[jzcjca00]

One Bitcoin is a small investment, but it's better than nothing.  If Bitcoin goes up by a factor of 10, he'll be kicking himself for not buying more.

Buy 21, be one in a million.

[happyflylong]

I think it is a good invest, of course.
But you should hold your bitcoin for enough long time , at least one year.

In short time, it is difficult to predict its value.
But bitcoin will be more valuable in the long run.

[JJB]

Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins. 

Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin?

I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin.

People don't have to buy a whole coin. They can just buy smaller fractions.

[Justin00]

well said mate. if 1 btc is $50k i doubt many people will be able to afford $50 worth let alone 50k.
i suspect many ppl will be left with there 50k btc unable to sell.

Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins. 

Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin?

I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin.

[Ibian]

Who would ever pay $100 for one coin, let alone $500? Be realistic people, nobody will throw that kind of absurd money at a line of code.

[spazzdla]

Who would ever pay $100 for one coin, let alone $500? Be realistic people, nobody will throw that kind of absurd money at a line of code.

...........................................................  Worst troll ever..?


OP does he have the balls to hold it?  If yes, then yes it is a good idea.  Hold for 10 yeras.

[Ron~Popeil]

Who would ever pay $100 for one coin, let alone $500? Be realistic people, nobody will throw that kind of absurd money at a line of code.

...........................................................  Worst troll ever..?


OP does he have the balls to hold it?  If yes, then yes it is a good idea.  Hold for 10 yeras.

My sarcasm detector says there is a 90% chance the poster was being facetious. 

[DolanDuck]

It's a nice investment if you buy as soon as possible, things may change dramaticaly in few months or weeks with criptos.

[jerk]

Who would ever pay $100 for one coin, let alone $500? Be realistic people, nobody will throw that kind of absurd money at a line of code.

...........................................................  Worst troll ever..?


OP does he have the balls to hold it?  If yes, then yes it is a good idea.  Hold for 10 yeras.

My sarcasm detector says there is a 90% chance the poster was being facetious. 

More like he was quoting statements that were made not so long ago.

[jeffersonairplane]

Not really a good investment. If you would hold on to it for months upon months you may be able to make a hundred or two. It's not worth the time.