I think in 5 years bitcoin will either bomb entirely due to some as yet unknown fatal flaw in the code (not very likely in my opinion) or it will be between 200 and 500 times its current value. It simply has to grow to accommodate new users.
So yeah if you're willing to take a chance on it, and hold long term, I think its worth it. I wouldn't put in more than you can actually spare (don't bet the farm on it), but 10 or 20 euros here or there? I mean come on you spend more than that on a lunch. So look into cold storage look into long term secure holding of bitcoin private keys, and just keep all your bitcoin on that (I wouldn't keep bitcoin on the slips the ATMs issue). I have a paper wallet I generated completely offline, and I just keep sending bitcoin to that once a month I top it up, once the price goes about $1000 per coin I'm going to stop buying, then I'm going to hold for 10 years. I don't know about 1 million per coin in 10 years, but it will have to be more than $1000 because it cannot stay at that value as more people begin to adopt it.
Yes,it's a good idea.But you have to keep watch on there news as it is not actual currency ,it is only in soft not a hard currency.People are thinking the value f bit coin will be more but also it can be like mobile money,so just be careful with it.Buy and sell at right time.
yes it is a very good idea,giving a little about bitcoin we can say:Bitcoin is a software-based online payment scheme in launched 2008 and was introduced as open-source software in 2009. Payments are documented in a public ledger expending its own unit of account, which is exclaimed as Bitcoin ATM. Payments work peer-to-peer without a central storehouse or single commissioner, which has led the US Capital to call bitcoin a decentralized computer-generated currency. Although its status as a currency is doubtful, media reports often refer to Bitcoin as a crypto currency or ordinal currency.
it is speculative
Long-term? Not really. BTC's charm was lost after the massive crash. Introducing legislation and regulation doesn't help, and will only continue to be introduced.
It's now just another Forex-like currency that you can trade. It won't be rocketing anymore, as it has lost its hype.
If you want a slightly tax-exempt, commission "free" currency to trade, feel free to trade it. But I don't recommend it; it's slightly borderline, as far as tax agencies are concerned.
a bitcoin bank went under with 473 million dollars this past year. Don't put all your eggs in one basket
Is it a good idea to invest 10
