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is it wise to invest in BitCoins?

Discussion in 'CryptoCurrency' started by bruno0, May 23, 2015.

  1. bruno0

    bruno0 Junior Member

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    A client of mine sent me payment to Bitcoin few days back
    it was my first experience with bitcoin. Surprized to see the value of bitcoin is raised often .
    the value of the bitcoins is now $60 more in just a weeek.
    so is it wise to
    1. Leave the amount just sitting there for maybe a month or two . and let it make some profit/ or loss
    2. Or withdraw the money with any exchanger and forget about it?

    Do let me know if you guys have experience with it
     
  2. DrFreemna

    DrFreemna Registered Member

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    Well, if I wasn't strapped for money, I would just leave the bitcoins sitting on my account. Who knows where bitcoin can end up in just a few months.
     
  3. CrypticFaith

    CrypticFaith Jr. VIP Jr. VIP

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  4. CrypticFaith

    CrypticFaith Jr. VIP Jr. VIP

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    Sell it if its around 300$ :) Hope soon ! I got a lot profit from stellar when it was new :)
     
  5. atticanibal

    atticanibal Senior Member

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    I Don't think it's gonna rise too much for now. maybe max 100 up and down . So unless you have a lot it's not too worth it.
     
  6. redmoon

    redmoon Regular Member

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    It's pretty much like stock trading. If you think the price is going up from where it is now than yes. You should understand that it is high risk since the price is so volatile.
     
  7. Izzma

    Izzma Regular Member

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    OP, what exchange or you referring to? Looking at blockchain, the lowest price in the last 30 days was $215 USD, highest was $245 USD.

    Where did you get the $60 from, I see $30?
     
  8. alexistheboss15

    alexistheboss15 Regular Member

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    Imagine that he may have more than 1 bitcoin, incredible. Imagine if he had 2, then it would only need to rise 30$ each one.
    OR IMAGINE if he had 6, it would only need 10$ to rise to be 60$ profit.

    OH MY GOD THE POSSIBILITIES.
     
  9. mazar

    mazar Regular Member

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    i offer bitcoin as a payment method ,even on my ebay listings , not only do i get bitcoin but i usually get to know these people much better than when i recieve a paypal payment . it usually ends with me taking more bitcoin further down the line too .but i love bitcoin ,not just for the monetary value either , i like that i have a way to hide my money and i like the fact that the few i have stashed away will most likely later be worth 4-5 times what the value of the work or website was worth .
    if you had a website that could be worth $1200 next year but you were offered $220 today what would you do ?

    the way it looks to me is the price is being held down deliberately ,probably by whoever bought at the auction . im holding my bitcoins
     
  10. bronxbombers

    bronxbombers Junior Member

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    Ask those people who bought in at $1100 a bitcoin how they are feeling about their investment? The chart lately hasn't looked so hot.

    https://www.coinbase.com/charts

    Our business accepts it. Its just another way for clients to pay. Most times we change them out, but we do hold some in our account as well. I like the idea of what it could be, but I think its already seen its high.
     
  11. mazar

    mazar Regular Member

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    i think the main problem is that most of the people that trade btc and other coins expect to make money every day just by riding the waves ,well those days for now at least are gone . you wouldnt expect to be able to make money day trading tesco shares or even silver .well not unless you had thousands of shares and make money on 1% difference .theres way to much money involved now for them to let the ordinary man make money that easy .btc is for the big boys now and if you have some just be glad you got them when you did
     
  12. Machkiavelli

    Machkiavelli Junior Member

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    It's definately worth it ;)
     
  13. ehinoze

    ehinoze Power Member

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    I wanna buy some btc.I have a big payment to make.I will probably buy a little excess so as to keep some in the wallet.
     
  14. Mr Jack

    Mr Jack Junior Member

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    Is it wise to invest in 100 shares for XYZ Company? It has risen to 1200 USD and plummeted to 200 in months.
     
  15. lajcik

    lajcik Junior Member

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    It is wise to invest in bitcoins while you know what you're doing. :)
     
  16. samsuni

    samsuni Junior Member

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    You can earn good money, and at the same time also loose lot of money.
     
  17. Coinz

    Coinz BANNED BANNED

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    Better than fiat money I'd say. But nowadays, I don't think its a good idea. KNC just moved over 9000 bitcoins and that's a very bad sign.
     
  18. oisin097

    oisin097 Newbie

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    I only have a small amount and the value jumps from the beginning of the day to the end.
     
  19. BalderCocks

    BalderCocks Newbie

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    It depends on whether you are willing to accept the risk involved after investing for bitcoins.
     
  20. content plaza

    content plaza Junior Member

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    Some countries don't allow bitcoins, so there are 2 views for it.