Post
Topic
Board Economics
Re: Is it a good long term investment to buy 1 BTC today?
by
tyz
on 13/10/2016, 15:56:12 UTC
It depends on what you understand on much profits? If you would have bought 1 Bitcoin one year ago, you would have made a 100% gain or around $300 profit today.
Bitcoin has still not arrived in the mainstream. Think about where the price could be if it hit businesses and average-joe.

i think that bitcoin is good for investment, but if you want get more you can wait until the price down

We cannot be sure that when price will go down and if you are going to hold it for long term then even current price can be considered as a low price as it will rise in future.

We cant really know the bitcoins  price movement on the future. If you invest 1 btc as  today you cant still assure yourself   to have good profits on the   long run.  If bitcoin  price would rose to $1m then for sure  its a good   result  but  if bitcoin  would reach only on a small amount then its not  ideal to hold for  long terms.

I don't see it touching the price in millions in future, and 1 btc will not give you enough profits if you simply keep it idle in wallet, but if you start trading with that amount then it will give you better profits.