Quote from: isamu on July 08, 2019, 07:46:42 AM

Hi guys. I have a friend who's parents are looking for alternatives and want to invest money into something other than their IRA account. They have a fixed IRA with about $100K, but they are unsatisfied with the miserable amount of interest they're getting. I mentioned to them that bitcoin is a possible alternative and one they can look into. Do you agree? Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)? Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up? Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?

Please give me your thoughts. IRA or Bitcoin for the long term?

If your asking about "stable investment" then you are at the wrong place Because a Volatile market assures you nothing.
But if you can risk and know the consequences ?then i may say that In the Long run,I mean in future when you Hold then the profit will be indeed.
Like those early adopter of Bitcoin that taste their fruit after 8-9 years.