I've heard various things about it…but I'm not sure about getting into it myself. For those that are/have been in the market, should I get into the whole Bitcoin thing?
Is It Worth Getting into The Bitcoin Market?
Ventak on 27/10/2014 - 18:41
Comments
it depends on what you mean by Bitcoin thing
Bitcoin is definitely disruptive, but whether or not the end result will be ubiquitous bitcoin, or something else using blockchain and cryptocurrency technologies from bitcoin is somewhat still to be decided. but the tech is good.
In terms of markets, have a look at bitcoinwisdom.com to get an idea of the trading volume between currencies at the moment. The markets are very active, especially in China.
The price was under $270 a few weeks ago. It just lost $25 again in the last few days.
If you look at the long term history, you will see a slow and gradual drop in the price. You should only be betting in the short term. In the long run, everyone has left the game. Even the reddit has slowed down significantly.
The problem is that whilst many are buying Bitcoins, significantly less are actually spending them. If you're looking to get into the BTC market in the hopes of "investing" you're simply closing the stable door after the horse has bolted. The market is way too volatile at the moment to be seen as anything other than gambling.
oops didn't see the date. Never mind
Just when you thought currency & gold markets are manipulated, Bitcoin is on another level.
Have a look at the history charts and you will see the bull… price jump/dives in short periods of time.bit to late
u pretty much have to get in early and get out fast!
thinking long term - yes , you should learn it and have a basic understanding how to use it.
just look at bitcoin as a payment system - it doesn't matter if it $1 or $1M
you buy at (A) with AUD and trade it to some one for some thing …. they sell it back to AUD
but if you looking to hold and sell it later at a higher price , then it speculation and it just like asking if you should buy share in XYZ ( no one know the correct answer )
personally , it would be better if the price was alway $1 then it easy to calculate for coffee :)
i really dislike all the uneducated comments above, sorry.
Bitcoin and Cryptocurrency is one of the most revolutionary innovation around today, so you are really investing in the technology.
is its gambling??? no definitely not, because gambling is losing not winning, bitcoin there is a chance to win and a chance to lose, once you understand the technology, you will understand winning is more likely.
Bitcoin is Peer to Peer which mean there is no central authority, peer to peer technology is not new and has been around for file sharing, peer to peer file sharing is hard to shut down because there is no central authority and government had tried for years to shut it down.
Yes bitcoin is very hard to regulate, simply because its not government own, its everyone's game.
Is it too late??? no bitcoin is only 5 years old and only 5 million peoples knows about it, within the 5 million people only portion of them invest in bitcoin.
Its still very early.Bitcoin is definitely worth considering as a investment, invest the amount that you can afford to lose.
Bitcoin is a revolutionary innovation no one can denied that, no government can denied that.
Government is scratching their heads on the Bitcoin matter, a technology that is bringing government attention, is not a simple innovation.Think about it
Bitcoin is technology that give power back to people, government controlled Money is fully monopolized to benefit the few.
Government don't like Gold, why???
Because its limited and keeps government in check.
https://www.youtube.com/watch?v=iFDe5kUUyT0This world needs a new monetary system as you can see from the video.
But i don't believe bitcoin can replace the monetary system, but hopefully another currency will.
But Bitcoin and Crypto currency will always be there when people need them.Criminal in the jails for stealing are amateur compares to wall streets, the real criminal gets away with it.
This is a fraud and Scam.Those people that down votes my comments probably like the idea of being robbed by governments and banks.
as stated in the video, "your true wealth is your time and freedom, every seconds of the day our wealth are being transferred to those people that created the system"
inflation is robbing people big time and when hyperinflation hits government just robbed everything from you.
that's true robbery!!!!!
some peeps are sleeping (sheeples)..as I told my friend if you learn how banks operate you will be so pissed, you want to move your money as far away from them.
glad your awake brother :)
Bitcoin To the moon! ┗(°0°)┛
Don't just down vote people without counter argument, it just proves you got nothing to say and no wiser words to counter what i said.
So please. Down voting my comments, will simply make other peoples comments above more foolish, when there's no counter argument.
So stop being foolish and bring on your counter argument.
i really dislike all the uneducated comments above, sorry.
Bitcoin and Cryptocurrency is one of the most revolutionary innovation around today, so you are really investing in the technology.
is its gambling??? no definitely not, because gambling is losing not winning, bitcoin there is a chance to win and a chance to lose, once you understand the technology, you will understand winning is more likely.
Bitcoin is Peer to Peer which mean there is no central authority, peer to peer technology is not new and has been around for file sharing, peer to peer file sharing is hard to shut down because there is no central authority and government had tried for years to shut it down.
Yes bitcoin is very hard to regulate, simply because its not government own, its everyone's game.
Is it too late??? no bitcoin is only 5 years old and only 5 million peoples knows about it, within the 5 million people only portion of them invest in bitcoin.
Its still very early.Bitcoin is definitely worth considering as a investment, invest the amount that you can afford to lose.
Bitcoin is a revolutionary innovation no one can denied that, no government can denied that.
Government is scratching their heads on the Bitcoin matter, a technology that is bringing government attention, is not a simple innovation.Think about it
repost
You sound like a rep of Bitcoin..
An uneducated rep of Bitcoin
I laugh at these comments.
Don't comment when you have nothing to say.
Go study about peer to peer network and the bitcoin blockchain.
Then we might have a fruitful discussion.
Before then, the uneducated person is really the person making foolish comment.
Sorry I'm not a rep of bitcoin, I'm a true believer of crypto currency, I don't even believe in bitcoin, but I believe in crypto currency.
My question to you. Do you understand peer to peer technology???
do you understand the bitcoin block chain???
do you even know what's the difference between crypto currency and bitcoin???
People who don't understand all theses have no rights to comment on the initial question about " is it worth investing in bitcoin"
seriously, how dare you comment on something that you don't even understand????
Decided to do a search for Bitcoin on here on the back of its increased rise and stability of late (and over the years). You can definitely look back and laugh at all the comments from people now Pezippy and I hope you invested back in 2014 with your confidence :)
Bitcoin is technology that give power back to people, government controlled Money is fully monopolized to benefit the few.
Government don't like Gold, why???
Because its limited and keeps government in check.
https://www.youtube.com/watch?v=iFDe5kUUyT0This world needs a new monetary system as you can see from the video.
But i don't believe bitcoin can replace the monetary system, but hopefully another currency will.
But Bitcoin and Crypto currency will always be there when people need them.Criminal in the jails for stealing are amateur compares to wall streets, the real criminal gets away with it.
This is a fraud and Scam.repost
Posting the same thing ten times does not make it right. Lol
Hahaha
don't just post with nothing to say.
Please post with a argument, or you can stop posting garbage
posting garbage like that does not make you right.
As a friendly reminder to everyone here.
Don't comment on something you really don't have knowledge and understanding.
Not to distance future a form of crypto currency will succeed.
Remember this is the digital age and young people lives in their virtual world, you simply cannot imagine what will happen after 20 years.
Virtual world can be separate from the person physical world and this is where crypto currency will flourish.
Like it or not
digital currency is the future money. Stop being old fashion and look ahead to the future.
I wonder who is going to use paper money after 30 to 40 years.
Once money is in digital, then the possibility for innovation is endless and goes way beyond our conventional money thoughts. ( central banking system, just to clarify)
Stop being old fashion.
Do you know what happened after phone system is converted to ip phone system??? The possibility just exploded after this happened, extremely cheap international is possible all because of Internet and digital system.
Let me say it again.. stop your old fashioned thinking and look ahead for digital currency.
sorry for the pump, but this looks like a very good investment after all. The price is now hovering around $1,000 AUD.
hi
Have you invested in Bitcoin or any other cryptocurrency ?
yes i have some bitcoins, but most of my investment is in altcoins.
They tend to give better return, but its a bit of a gamble whereas bitcoin is almost a certainty.I heard about one coin and they seem to be promising
Do you have any feedback for them ?@spk:
thats a scamcoin, stay away from it. Just buy bitcoin and you'll be fine.
thank me in 5 years.@spk:
just do proper research, everyone in the crypto world knows it.
keep it simple, just buy btc and hold for next 5 years, it should at least return 300%
Buying bitcoin as investment, you don't get interest correct? Maybe not a brilliant comment but who the cr*p gets your 3% interest?
You don't get interest, but the value fluctuates. Plus the value is in USD so as the AUD drops, the more profit you make.
When I first heard about BTC it was worth US80c. If I bought $1000 worth of BTC then it's be worth over $1M today. Back then I thought "wow this fluctuates ridiculously and would be a big risk" so I didn't. I've hated past me for it ever since.
Bitcoin is now $1,420AUD per coin.
it would not surprise me if it increase by 400% by end of this year.Our team is getting an increasing number of questions about Bitcoin. Just wondering what your opinion was on this article (Google: 'Bitcoin passes $1,000 but only number that matters is zero' if they paywall it). PS This is a sincere/genuine question. TIA.
be careful - mine was taken during MtGox hack , im still waiting for the payout (supposed to be mid 2017!)
Volatility/security/reliability is a major concern for us with respect to Bitcoin and our company's desire to participate in the market. Even after a few years we are still seeing extremely mixed press regarding core issues to do with the Bitcoin market(s). Does anyone have any recommendations as to who is doing Bitcoin well? Also, strategies to minimise risk in participation?
@naritas: Bitcoin.com go there and study it. Took me a month to study it…at first I was calling it scam, but after studying it's history and potential use cases of its backend Bitcoin Blockchain….I was like "YUP……this is it…."
Security wise? as long as you don't trust the exchanges, you manage your own Bitcoins using a hardware wallet (Trezor / Ledger / Keepkey) you will be fine :)
goodluck!
Bitcoin has nothing to do with mt gox.
Do not get confused with a centralized exchange being anything related to bitcoin technology itself.
Bitcoin is not as volatile as it once use to be, movement of $50 is the maximum i've seen during the last 3 years i've been looking into bitcoin, and i've only seen movement of this magnitude a handful of times.Investing in bitcoin itself is relatively safe, if you are looking at long term (2 years +).
I have been buying and continue buying ever since the major crash.To the moon! ┗(°0°)┛
If you enjoy gambling, sure, why not?
If you're looking for an investment, no.