Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin is unprofitable to mine & its not a good investment...
by
grifferz
on 05/04/2014, 21:20:27 UTC
Who says its not a good investment?

I hear quite often (here in this forum) that we are on a decline in the value of each BTC. This is what I am referring to when I say its not a good time to invest/buy.
Um, I've seen plenty of people say that this is a good time to buy since the price is lower now. Why are you disregarding these people if your basis for the other side of the argument was "some people said…"?

Clearly if the price of a commodity is now low and you expect it to go higher in future then that would make it an excellent investment, no? If you do not expect it to go higher (expect it to continually fall) then it would be a terrible time to invest.

It's a fact that the bitcoin price has fallen significantly since the all time high of late 2013, that we've seen some rough times in the last few months and that there is uncertainty about China, etc. etc. If someone feels that Bitcoin will not recover from all of that then that would make it a bad investment in their opinion, and all we've got is opinions. Not everyone feels that way.

I am not telling you to invest in bitcoin. It's risky and you shouldn't do it unless you accept that and can afford to lose what you invest. That is as true now as it ever was.

Quote from: akiliholmes
My goal is to be ahead of the curve. I love the idea of the power of wealth/currency back into the hands of the people. I know that BTC has been around for about 5 years now, so many people have not heard or do not even understand what Crypto-Currency is; I feel as though there is still great untapped potiential in "here"
So what does being ahead of the curve mean to you?

Is it that you feel you need to own some? If so, can you afford $50? $25? Buy some on LocalBitcoins.

If not, what is it that you feel you need to do to be "ahead of the curve"? You could read the bitcoin wiki, this forum, listen to the Let's Talk Bitcoins podcast archives, etc.