Post
Topic
Board Economics
Re: Is it a good long term investment to buy 1 BTC today?
by
randy8777
on 11/05/2016, 13:41:17 UTC
Buying as much as Bitcoin at current price  is long term investment. Buy and then just forget you have them. Lol. I mean after buying coins, just hold them until the price is is above 500+, 1000+ is even better.
Does it have risk? Of course! every investment has its risk, it doesn't matter whether you invest your money on Bitcoin or other currencies, there's still risk. It can't be 100% safe.

Every investment involves certain level of risk, as we are not aware how it will perform in future or how long it will survive and same thing goes with bitcoin too, Invest that you can afford to loose.
It will be of course not that bad if you are making an investment in Bitcoin and that is because the most important moment is that you have to sell it on the right moment and it can takes a long time.
But it hard to know when you have to sell it and that is the hard thing of it.

I dont' think there is anything hard in it, if you see higher price then the purchase you made then you should sell it without waiting to long and buy it again when price falls.

traders cash out and buy back at lower price levels, but some people tend to wait too long before they cash out, and end they up not making any profit at all. that's why stop loss orders come very handy.