Hi guys I just started up a coinbase account to dabble with some online trading as I’ve been trying to get financial security for me and my daughter in the near future. Is bitcoin worth investing in for the long haul 5/10 years? If so what do u see the market value rising too?
Posted by Afraid-Basil4682
16 Comments
Are you asking /r/bitcoin if Bitcoin is a good investment?
Nobody really knows the future price, but a lot of people treat Bitcoin as a long-term conviction play rather than a quick trade. If you’re thinking 5–10 years, the biggest thing is probably consistency and not panic selling during volatility.
5y – 300k
10y – 1M+
Nobody really knows what the future holds for Bitcoin. Most people in this forum believe it is going much higher, including me.
Your best bet is to get off zero and start DCA into Bitcoin.
My own personal opinion is it will hit 250K before the end of the decade and 1 million in 10 years or so. But nobody really knows.
Do not trade. Buy, hold, sell when needed. People lose their shirts trading in Bitcoin. Most of us DCA our purchasing of Bitcoin.
No one has ever lost money buying bitcoin and holding for 4+ years
That said, the rule only applies to buying and holding, NOT trading
Do not trade bitcoin
Every god damn day someone posts basically the same question
What makes you think you can trade? The majority of traders loose money.
If you’re thinking 5-10 years, then yeah, Bitcoin is probably one of the better long-term crypto bets. Just don’t treat it like guaranteed security – it’s still very volatile, so buying small amounts over time is usually the safer way to do it.
yes, tbh, I hold my bitcoin exactly for that. I dont plan on selling anytime soon, its more of a retirement thing. I think in 15 20 years it will be at least double what it is now.
Are you new to trading, does you have already invested in stocks??
Btc only. No trading. You’ll lose.
The majority of people in this sub are invested in Bitcoin, so obviously you will get corresponding opinions. I am invested too and believe that long term, adoption will increase, which would mean it should be a good investment. But no one can predict what will happen in the future. Don’t invest because of other people’s opinions, because this leads to low conviction and low conviction usually leads to bad decisions in volatile markets. Inform yourself about Bitcoin and what it stands for, and build your own opinion.
The current price is too high for most people. I’ll wait for a pullback before buying. As a 5-10 year long term investment, it’s definitely no problem
> just started up a coinbase account
There are cheaper (lower fee) options, but Coinbase is a trustworthy place to start learning.
> to dabble with some online trading as I’ve been trying to get financial security for me and my daughter
No. “Dabbling in online trading” will not lead to financial security for you or your daughter.
> Is bitcoin worth investing in for the long haul 5/10 years?
Yes.
> If so what do u see the market value rising too?
There is no top.
HFSP if you’re gonna trade