Is 1 bitcoin a decent and good investment?

[onlyu]

It is a high risk investment. So the answer is no.


For really long term investment, gold is still better than bitcoin.

[TwinWinNerD]

It is a high risk investment. So the answer is no.


For really long term investment, gold is still better than bitcoin.

In which terms.

Security? (stable prices, unliklier to get stolen) yes
Risk/Reward? Definately not.
Liquidity? Definately not.

[zhinkk]

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. 

Don't "convince" him of anything. First of all, although maybe not outwardly do it, he will blame you if bitcoin crashes. Let him invest with what he is comfortable investing. Let him know of the risks.

[Swordsoffreedom]

I'm saving 50$ each month to try to build one bitcoin but I fear that in some months the value will be too high.

This is called dollar cost averaging. When you buy over time, sometimes the price will be lower and sometimes the price will be higher. This will prevent you from spending all of your investible money when the price is at it's peak, but it also means that you won't buy when it is at it's lowest. IMO this is a very good way to invest in anything over the long term.

DCA is a good strategy regardless of what some investment pundits say about going all in at one time
Anyways best of luck with your task mobius it should be possible to get to 1 bitcoin at that rate if you combine it with some minor revenue generation here as well.

If not and the price booms a bonus since it will have more value ^_^
If it drops over the next few months your position will be for the better.

[TaunSew]

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. 

Don't "convince" him of anything. First of all, although maybe not outwardly do it, he will blame you if bitcoin crashes. Let him invest with what he is comfortable investing. Let him know of the risks.

Essentially said "Uncle" will be rewarded when/if Bitcoin hits $1 trillion capitalization.

There's a realistic chance of it happening but no guarantee yet.  It would be nice to see Dot.com styled money ($7 trillion in the late 1990s) but there's no signs of that happening yet.

Hard to say what's going to happen with crypto currencies.  It's the uncomfortable truth but maybe the concept is good but the deliverance is bad.  Don't forget that Ripple came before Bitcoin and went no where and still hasn't go anywhere (if you took away the 97% premine Ripple is worth very little).  The myspace comparisons could be correct in that Bitcoin could be replaced by an unforeseen alternate which is better at advertising or is more accessible to use.

[polynesia]

Essentially said "Uncle" will be rewarded when/if Bitcoin hits $1 trillion capitalization.

There's a realistic chance of it happening but no guarantee yet.  It would be nice to see Dot.com styled money ($7 trillion in the late 1990s) but there's no signs of that happening yet.

Hard to say what's going to happen with crypto currencies.  It's the uncomfortable truth but maybe the concept is good but the deliverance is bad.  Don't forget that Ripple came before Bitcoin and went no where and still hasn't go anywhere (if you took away the 97% premine Ripple is worth very little).  The myspace comparisons could be correct in that Bitcoin could be replaced by an unforeseen alternate which is better at advertising or is more accessible to use.

Yikes, people didn't lose money when myspace lost out to facebook.
There will be a lot of people who will see their dreams dashed if some altcoin emerges as the bitcoin-killer.

[4onesea]

I have only 0.004btc but I'm trying to gain 1 btc in the future thanks to human minable coins.

[cuddaloreappu]

I have only 0.004btc but I'm trying to gain 1 btc in the future thanks to human minable coins.

That is a true bitcoiner spirit...we are all early adopters, watch it worth a million dollars in future

[TwinWinNerD]

I have only 0.004btc but I'm trying to gain 1 btc in the future thanks to human minable coins.

You might wana look into MotoCoin then. Afaik the first real human minable coin.

[FFrost]

1 Bitcoin is not really much at all you should look at other altcoins and reinvest to double or triple your investment. Sadly I made the mistake of blowing all my coins gambling whilst fun you always end up with nothing.

[Mobius]

I'm saving 50$ each month to try to build one bitcoin but I fear that in some months the value will be too high.

This is called dollar cost averaging. When you buy over time, sometimes the price will be lower and sometimes the price will be higher. This will prevent you from spending all of your investible money when the price is at it's peak, but it also means that you won't buy when it is at it's lowest. IMO this is a very good way to invest in anything over the long term.

DCA is a good strategy regardless of what some investment pundits say about going all in at one time
Anyways best of luck with your task mobius it should be possible to get to 1 bitcoin at that rate if you combine it with some minor revenue generation here as well.

If not and the price booms a bonus since it will have more value ^_^
If it drops over the next few months your position will be for the better.

I didn't say this is something that I am pursuing, I am just explaining what the OP should do. Most investment advice out there that is sound will generally recommend dollar cost averaging for the retail investor as they likely do not have big lump sums to invest all at one time.

[CoinsCoinsEverywhere]

1 Bitcoin is not really much at all you should look at other altcoins and reinvest to double or triple your investment. Sadly I made the mistake of blowing all my coins gambling whilst fun you always end up with nothing.

Be very very careful about investing in alt coins.  If you hit one right, you could indeed make a lot more.  But for every alt coin that succeeds at least somewhat, there are many more that utterly fail (both as coins to mine and coins to trade).

[sickhouse]

Wouldn't hurt having one lying around, I just to. But I spent most of it, gonna get there again tho

[polynesia]

Wouldn't hurt having one lying around, I just to. But I spent most of it, gonna get there again tho

Same here. Have a fraction of a BTC currently. But hope to get there soon. 

[Undefeatable]

Why not keep 100 Litecoin instead of 1 Bitcoin, more upside

[Possum577]

Quantity or price per coin doesn't indicate greater upside potential. Adoption, ease of use, infrastructure of either coin are indicators (or at least better indicators) of upside potential. Do any retailers currently accept Litecoin? I don't know of any and that's probably the biggest indicator of near term adoption, which would motivate people to buy LTC and potentially increase it's value.

Why not keep 100 Litecoin instead of 1 Bitcoin, more upside

[waterpile]

In my opinion yes, diversify it and don't invest it all at a 1 option. check the other threads and you can see you have many options choose from in what type of investment.

[w4ssop]

It is a high risk investment. So the answer is no.


For really long term investment, gold is still better than bitcoin.

The risk is high but the reward could be much more high than an investment in gold.

[JayJuanGee]

Essentially said "Uncle" will be rewarded when/if Bitcoin hits $1 trillion capitalization.

There's a realistic chance of it happening but no guarantee yet.  It would be nice to see Dot.com styled money ($7 trillion in the late 1990s) but there's no signs of that happening yet.

Hard to say what's going to happen with crypto currencies.  It's the uncomfortable truth but maybe the concept is good but the deliverance is bad.  Don't forget that Ripple came before Bitcoin and went no where and still hasn't go anywhere (if you took away the 97% premine Ripple is worth very little).  The myspace comparisons could be correct in that Bitcoin could be replaced by an unforeseen alternate which is better at advertising or is more accessible to use.

Yikes, people didn't lose money when myspace lost out to facebook.
There will be a lot of people who will see their dreams dashed if some altcoin emerges as the bitcoin-killer.

The most likely scenario would be that any replacement of BTC by an alt would NOT occur over night.  Accordingly, astute BTC investors will be best served to pay attention to up and coming seemingly competitive alt currencies... accordingly, if BTC investors were to identify an up and coming competitive alt currency, then the BTC investor could hedge his/her bets by transferring over some, if NOT all, of his/her bitcoin investment into the up and coming competitor currency.

With any market, investors bet on probabilities and likely outcomes and sometimes momentum (what everyone else is doing)...

[JayJuanGee]

In my opinion yes, diversify it and don't invest it all at a 1 option. check the other threads and you can see you have many options choose from in what type of investment.

I am a believer in diversification; however, in the crypocurrency word, btc is currently king for longer term and potentially stable investment.... and accordingly BTC is the best game in town... unless you have some insider information about some other alt currency..   Also, the idea of diversification relates to building your financial future in other ways besides crypto-currencies. It can be risky to put all of your assets and time and engergies into crypto-currencies; however, if you end up being correct, there could be a considerable payoff.  

ON a personal level, I have less than 10% of my liquid assets invested in BTC... but I  have been investing for about 30 years, and I have NOT yet been invested in BTC during a price bubble...