I'm in my mid 20s and I finally got a stable job last year. I can finally invest. I'm new to investing and I'd like to buy bitcoin. So far I bought 300 g 24 carats of Gold as my personal insurance. I've also put 1800 USD into SPY 500 stock. and now I want to buy Bitcoin. I wanted to buy Bitcoin in March and April when there was a dip but I didn't have money back then. Now I do and I can afford investing 1800 USD this month. However Bitcoin is on the rise now. But I'm thinking of keeping the Bitcoin long term (15 yrs). Should I do it and buy it now? I am a noob so I don't really know. Is there anyone with experience here that can give me their take on whether or not this is a good idea? or any other advice?
Noob Question: Is Bitcoin Worth It?
I wouldn't bet on Bitcoin being around 15 years from now, but Gold will for sure.
missed out the 2017 bullrun
missed out the 2020 bullrun (last bullrun ever)
I'm ready to invest guys
buys Bitcoin over $100k
Ahahahahahahahahahahahahaha feel bad for you
Bitcoin will only go up from here, but there will be multiple crashes, corrections and dips along the way.It's easy to lose money trying to time these drops, so just figure out how much you can comfortably invest each month and just DCA into BTC. Make sure you're not getting shafted from fees on exchanges and make sure you're transferring money out of the exchange and onto your own wallet, something like a ledger or trezor.
I wouldn't bet on Bitcoin being around 15 years from now
when nations and banks are stacking bitcoin
right, i guess they are day trading, scalping if you will
lol gold baggie. You have Larry fink shilling to all us companies to acquire 2% of their portfolio to be Bitcoin
not using ibit
Have fun getting robbed once you make it
I wouldn't bet on Bitcoin being around 15 years from now
even if it is, by then the BTC price will act just like gold, barely edging out inflation over time
will not be a great investment if you want to make a profit, but a good way to keep your current wealth level
anyone who wanted digital gold, well you might get it
BTC etfs are not legal in the uk
First things first, I'm not trying to get rich off of gold (and LOL if you believe buying Bitcoin will make you rich at this point). I'm only thinking about preserving purchasing power in case of crisis. Bitcoin is some code type up by a guy, it's aging tech, if you believe that code is going to last forever in an age of technological advancement then good for you I guess.
One day you will wake up and overnight because of some leap in AI or computers, your Bitcoin will be worth 0. That's the future of your finance.
youre so clueless
Yeah you don’t have 1000x gains anymore but if you have a couple $100k it’s definitely a worthy investment. But if you only have $1k and don’t have job it isn’t great but most investments aren’t. You can try the alt route and hope to get lucky but since it’s companies and institutions buying bitcoin dominance is just going to continue to rise. We will see a $1 mil btc one day
You missed out on the last alt season in all of humanity's history and you're crying about dinosaur coin ETFs? Ahahahahaha
All you had to do was acquire 1 btc
Post your portfolio or shut the fuck up
I doubt whatever shitcoins you bought outperformed BTC over the last decadd
Most altcoins outperformed one decade of Buttcoin gains in one alt season 2020-2021. How retarded are you newfaggot?
I used to shit on people like you back in 2015 they all roped by now, you too will rope.
Platinum bullion. Just look at the historical chart, especially compared to gold.
I bought the bottom and sold the top of the last alt season goy
Post a loaf of bread on the hood of your car or be forever labeled as a larping bitbean buying jeet
gold barely edging out inflation over time
wut
It was already priced in by smart money from 2006 onwards. They knew what was coming before the 08 recession. That's why it has the illusion of not keeping up with inflation.
The lion doesn't concern himself with the requests of newfaggots ;)
Lion these nuts in your mouth nigger
Here's a clue for you "oldfaggot" fat women and beans that don't produce gas. What altcoin am I talking about?
Here I got more clues: Pether Thiel + Sam Altman
bitcoin is a currency
not an investment
You’re the bitbean spammer, I already know
you are retarded and digitally illiterate
wrong, but I was lurking here back in bitbean's days, I was there
You can buy now if you want, sure. I personally would recommend waiting for the next bear market, price will likely drop down in the 60-80K range.
it's worth it. btc, eth, xrp, EOS ( now A)
Oh yeah, it's worth it! If you're strong enough.
youtube.com
Gold is fine for what it is, 5000 years of human history shows it holds its value. It's done a ~95X since 1971 when Nixon dropped the pretense on the gold standard, $35/oz to $3300/oz, and that's despite well-documented price suppression and manipulation (see the London gold fix scandal, "paper gold", rehypothecation, Chinese gold-foil-covered tungsten, etc., etc., etc.).
The problem nowadays with gold, and silver too, is that you never know if you're getting a counterfeit unless you know how to test for that, and that equipment isn't free and it takes effort to learn how to use it, not to mention that scammers are always trying tocome up with new ways that might work around the tests some day.
Meanwhile, Bitcoin has gone up, umm, something like 336X in the last 10 years, can't be counterfeited, can be hidden on an encrypted hard drive so no one can confiscate it, you can memorize a seed phrase and walk across any border anywhere with hundreds of thousands of dollars in your brain, and it's becoming accepted worldwide.
I'm about to travel to Argentina and so I prepared a travel wallet that I can cash out if I need money. My main stash stays safe at home, encrypted, but if I need $40,000 to pay for a car, or medical treatment, or a seat out on a fishing boat to escape civil war, or a month with a really hot set of hookers, I've got it.
Anyway, my advice is that you can't go wrong getting both, but clearly right now Bitcoin is rising faster and should be prioritized.
Make sure you're not getting shafted from fees on exchanges
Strike and River let you DCA with zero fees, FYI for everyone
by then the BTC price will act just like gold, barely edging out inflation over time
So what? OP is talking about buying now, not 15 years from now.
One day you will wake up and overnight because of some leap in AI or computers, your Bitcoin will be worth 0. That's the future of your finance.
If that happens, all your bank accounts and commodities accounts and stockbroker accounts will be fucked too. Bitcoin uses the same sorts of algorithms as all those others do to protect themselves.
Most altcoins outperformed ... in one alt season
And then they all crashed back to their shitcoin origin point or lower. And this time, no one is buying your retarded memecoin bags.
Platinum's value is primarily from industrial use. One of the major industrial uses is catalytic converters for automobiles. EVs don't use catalytic converters or platinum, and the market is shifting to EVs. In ten years platinum will largely be just another shiny rock like cubic zirconium.
There isn't going to be another bear market. Every bear market so far has been caused by large-scale scams -- MtGox in 2013, ETH ICOs in 2017, FTX/Celcius in 2021 -- wiping out confidence and destroying the investment capital of the people who got suckered or were just unfortunate enough to get caught up. Bitcoin is going mainstream now -- look at all the corporations, pension funds, and even national governments buying into it. Regulatory certainty has allowed major investment firms to sell ETFs and hold BTC, meaning there isn't going to be another Scam Bankster Fraud FTX situation where some Jewish scumbag steals $40,000,000,000 and hands most of it to Democrats for their campaigns.
Bitcoin will go up to an equilibrium point, and once it reaches that, its relative price will track the global economy. There isn't going to be another massive crash and years of despair.
Bitcoin will go up to an equilibrium point
I still think it will outperform the S&P 500 due to its deflationary nature.
Bitcoin will increase, but it won't outperform like crazy anymore. I bought NVDA in 2020 and 2021, and the shares I bought both outperformed Bitcoin over the same time period. If you really want to get rich, do the research, find a cheap company with a good product in a fast growing industry and invest in that, and you will outperform Bitcoin for the next 5 years.
Thats $32,391.61 in gold you should diversify into other assests. I would hold on to it for mow since selling/buying gold tax is a pain. Definitely buy some BTC. Store it in a safe wallet like a trezor. Look up some videos on how to store and keep your own BTC safe
I'm poor af. ~45k/year, less than 10k "savings", at an embarrassingly old age.
I'm in BTC because it gets me to actually save, and if I can save enough as it goes up, I can at least pretend I'm a normal person who had this savings all along.
$3 million bitcoin if it gets to spy market cap
OP is talking about buying now, not 15 years from now.
Going to happen before 15 years, those returns are diminishing surprisingly fast