Is investing in Bitcoin is safe ?

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Old Feb 26, 2016, 10:31am   #1
 
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Is investing in Bitcoin is safe ?

Hi Guys,


Saw couple of articles regarding investing in Bitcoin a safer option. But does that make sense in long run ? Or any other source of investment is better ?



Thanks
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Old Dec 18, 2017, 9:25am   #2
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Any investment that can be backed by strong fundamentals is a reasonable option for long-term investment. Bitcoin is pretty new to investors and it is extremely volatile. Always remember that the purpose of bitcoin is the decentralized transfer of money and is not a substitute for traditional long-term investment. On records, the cryptocurrencies did deliver returns beyond expectations but you never know when this bubble might actually burst. One may limit the exposure to crypto within what they can afford to lose.
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Old Dec 27, 2017, 11:17am   #3
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Originally Posted by CR7_Freak View Post
Hi Guys,


Saw couple of articles regarding investing in Bitcoin a safer option. But does that make sense in long run ? Or any other source of investment is better ?



Thanks
I'm also going to invest in Bitcoin but I realize that this is a very-very risky and if we compare forex and bitcoin, so for forex investments you should have risk capital but for bitcoin investments you should have risk capital of risk capital.
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Old Dec 27, 2017, 3:27pm   #4
 
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There are better ones and cheaper.
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Old Dec 27, 2017, 6:15pm   #5
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There are better ones and cheaper.
C'mon Pat, give us your picks and say why they're better (apart from being cheaper)!
Tim.
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Old Dec 27, 2017, 7:32pm   #6
 
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C'mon Pat, give us your picks and say why they're better (apart from being cheaper)!
Tim.
This is only a personal opinion Tim.
I would hate for you to plunge in and er....perhaps lose because of me.
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Old Dec 27, 2017, 8:50pm   #7
 
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If a year ago you could have invested without the shadow of a doubt, right now I wouldn't recommend it.
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Old Dec 27, 2017, 8:51pm   #8
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I don't think it is.My understanding is that if you lose your password then you lose your investment.Also if it is hacked and stolen it is lost as there is no recourse to Government compensation. Not to mention the price risk in what appears to be a vastly over valued asset.
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