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Investing 10% in bitcoin

  • 09-09-2016 7:33pm
    #1
    PathMatcher
    Registered Users, Registered Users 2 Posts: 183 ✭✭


    Seems to be rising steadily the last few days (currently $620.81).
    The block reward halvening a few months ago has not impacted the price, probably due to the bitfinex hack. I think it will impact the price eventually when it causes less supply.
    Blockchain technology seems to be gaining traction anyway (whether that translates into bitcoin pervasiveness and acceptance is yet to be seen).
    The banks are giving such worthless interest rates it's forcing people to think outside the box with savings.
    This would be a medium-long term investment (10 years) or so.
    Any thoughts?


Comments

  • #2
    jive
    Registered Users, Registered Users 2 Posts: 5,762 ✭✭✭jive


    PathMatcher wrote: »
    Seems to be rising steadily the last few days (currently $620.81).
    The block reward halvening a few months ago has not impacted the price, probably due to the bitfinex hack. I think it will impact the price eventually when it causes less supply.
    Blockchain technology seems to be gaining traction anyway (whether that translates into bitcoin pervasiveness and acceptance is yet to be seen).
    The banks are giving such worthless interest rates it's forcing people to think outside the box with savings.
    This would be a medium-long term investment (10 years) or so.
    Any thoughts?

    My thoughts are to diversify your money and not invest 10% of your portfolio in one crypto currency. Diversification is the only free lunch. Personally, if I was investing 10% of my portfolio in one thing it'd need to be a dividend paying blue chip company. I only invest in ETFs myself.


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