Is investing in Bitcoin is safe ?

Nov 20, 2015
2
0
#1
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
 

techite

Junior member
Aug 26, 2015
19
1
#2
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.
 
Likes: Pat494

Flash8

Junior member
Dec 20, 2017
37
1
#3
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. :)
 

timsk

Legendary member
Mar 18, 2002
6,830
1,765
#5
There are better ones and cheaper.
C'mon Pat, give us your picks and say why they're better (apart from being cheaper)!
Tim.
 
Apr 16, 2014
12
0
#8
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.
 

Quantt

Established member
Jul 23, 2017
945
57
#9
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
It is absolutely not safe and probably the one with biggest risk out there...
 
Likes: Nowler

Pat494

Legendary member
Mar 27, 2004
13,190
1,262
#10
Bitcoin has dropped about $3,000 in the last few days.
The pumpers may be dropping out having cashed in on the suckers.
 

EddyJones

Junior member
Feb 1, 2018
36
0
#11
I agree with post above. Just imagine you forget your pass and what will u do?)) And don't forget about regulary d-dos attacks to e-wallets of bitcoin and ethereum in particular
 
Mar 21, 2018
3
0
#12
Nothing is safe to invest in with all reality. I take more of a value investor position on this one... eventually, cryptocurrencies and Bitcoin will have higher value because of what they can potentially do.
 

rayfordadam

Junior member
Jun 19, 2018
17
0
#13
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
Hey

Bitcoin little bit Risky, Day by Day bitcoin price down, but I hope 2019 will be the best year for bitcoin
 
Jun 13, 2016
7
0
#14
Investing in cryptocurrencies is never safe so I think the question is wrongly put. That said, I still own some Bitcoins because I believe they will be more valuable in the future
 

NVP

Legendary member
Jun 21, 2004
36,091
1,752
#15
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
there is no correlation between "safe" and Bitcoin trading / investing ......its a highly volatile and genrally unregulated instrument ......:smart:

you need to steer clear of such markets if you are looking for a safer and more reliable source of investment returns ......