Check out the entire blog post & podcast episode here, and read about investing in Bitcoins: http://www.chrisdunn.com/bitcoin-good-investment-updated-2016/.
Chris Dunn’s Thoughts About Investing in Bitcoins
In late 2013, Chris did his first-ever Bitcoin video that I asked, “Is Bitcoin a Good Investment ?”. Well, here we are almost 3 years later and Chris wanted to do some updated analysis.
Chris’s initial thoughts on Bitcoins were positive, but in 2013 I saw significant risks and issued a warning that I thought a market crash was coming…
And that was a very unpopular opinion in the Bitcoin community, but turned out to be right.
Chris is not a financial advisor, and this is not investment advice or a recommendation to buy or sell anything – It’s just his personal opinion about Bitcoins and how he is personally investing in this new, high-risk asset class.
During 2014, Bitcoin crashed from above $1,000 into the $200’s. Then, in 2015 Bitcoin’s price based around the $200’s where Chris started to accumulate for a long-term investment. Chris was buying in the $200’s because he was bullish on Bitcoins long-term, and felt that the pre-bubble price zone was a great value area to buy.
From the low’s of 2015, Bitcoin has gained about 400% as of mid-2016… And this has given rise to a plethora of positive new pieces from the mainstream media like CNBC and Forbes. So in this episode, we’re analyzing Bitcoin’s outlook into the second half of 2016 and beyond.
In This Episode, You’ll Learn:
- Are Bitcoins a good investment in 2016 and beyond?
- Why Bitcoin crashed from the 2013 highs of over $1,000.
- How to find the best time to buy for a long-term hold.
- What to do when Bitcoin’s price isn’t available at a discounted value.
- The key major differences between trading and investing.
Connect with Chris Dunn:
Facebook: https://www.facebook.com/ChrisDunnTv.
Twitter: https://www.twitter.com/ChrisDunnTv.
Instagram: https://instagram.com/chrisdunntv.
Subscribe to The Pathways To Wealth Show: http://www.chrisdunn.com/pathways-to-wealth/.
Grab Chris Dunn’s new book, “How to Trade Bitcoin for Serious Profit”: http://skillincubator.com/courses/new-bitcoin-book.
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GOD BLESS YOU https://www.gofundme.com/Generosity-bless
What about the theory of putting money in bitcoin to avoid any crash?
people have definitely hacked people for their bitcoins lol. look it up, millions have been lost. but dont take my word for it, google bitcoin heist
Everyone must believe this will work and it will. Its been set in motion and it wont be stopped.
Love watching your video's.
Did you ever invest in Monero? I bought it when it was very low and it's doing great so far.
too much like mark of beast.
Great info. Diversify profit is a good idea. Cheers
what do you think about mining?
My crap detector is spitting and I'm not quite 8 minutes in. You knew that $900 a bitcoin was too high and $188 a bitcoin was too low. You say you know mass psychology, so that told you. Maybe you picked this one right, or maybe you aren't misrepresenting it, but let me state some facts: If $900 is too high, is $500 too high, etc? These things are hard or impossible to predict. But cryptocurancys, like bitcoin, is the best idea we have. To say $900 or $1,000,000 a coin is over priced, is guessing. Bitcoin is worth it and worth a lot more than $900. I TELL PEOPLE TO BUY NOW WHATEVER THE PRICE IS. Bitcoin might not make it, but something like it surely will take over the world. And to tell people they shouldn't invest unless they can loose it. That's misleading. Bitcoin is not an average investment; that needs to be taken into consideration. And we DON'T know what the price of bitcoin will be. Some crypto currency surely will make it. But a lot of price and what makes it has to do with the irrational group mentality, often of the kids. Justin Bieber or Beany Babies could of easily been non-starters. But to say you knew $900 was too high!
It sounds like I hate you and I don't you really sound like you have a great show and I thank you for your opinions and insite. I REALLY liked it and will listen to more for sure. I just can't believe you think you can call the bitcoin price. If bitcoin goes to ten million, are people going to think you were right calling it too high at $900? And maybe it was $900 because maybe Mtgox was saying they were having more buys than they were.
I really don't understand why you don't have more subscribers.
good investment is if you know what are you doing, i found this very well explained. Check it for a good strategy on making BTC:
https://plus.google.com/u/0/115577969653932337535/posts/JptrJEhUutc
Great vid Chris. Where can i get that chart?
So glad i found this guy:
I started a couple of weeks ago with day to day trading. invested 250€ and doubled my money in a week.
I refunded my investment of 250€ and trade with the profit i made.
Then my emotions took over, went full throttle i over-traded on certain markets, i didn't stick with the strategy i had before.
The result was: i lost all my profit in a couple of minutes and said to myself never to trade ever again.
(Happy to have refunded my investments the day before and lost no money.)
So the biggest advice he gives by telling you not to over-trade/over-invest and don't let your emotions ride on every little move in price, is the best advice i also would give to fellow traders/investors.
+ Only invest/trade with money you can miss if you lose it!
Thank you Chris for sharing this video !
Gold is the currency of kings.
Silver is the currency of gentlemen.
Barter is the currency of peasants.
Debt is the current of slaves.
http://www.Goldmoney.com/r/u6ry3v
is Bitcoin still good investment for the day trading?
is Bitcoin still good investment for the day trading?
Thanks for the info
for beggars earn here http://epay.info/rotator/62132
If anyone fancies buying high on hopium that it goes even higher, then
buy Bitcoin here at near $600. Bitcoin is, however, NOT FUNGIBLE. In
addition, it now has centralized mining and its community has become
very dogmatic, which stiffles change and adaptation – even something as
small as the block size takes many months to agree on (one line of
code). I fully expect to be censored here too – the dogmatic bitcoiners
do not see the truth. The truth is that now, a good investment is to buy
the ONLY FUNGIBLE crypto: Monero, which at less than $2 is where
Bitcoin was years ago and with a market cap of less than 25 Mil. it can
easily quadruple or 10x of its current price. Just so you know the BEST
PERFORMING HEDGE FUND EVER IS INTERESTED IN MONERO – LINK:
https://www.reddit.com//r/Monero/comments/4u911u/exante_we_are_also_interested_in_monero_its/
– and calls it "more valuable when compared to bitcoin. "
Don't buy Bitcoins, mine them 24/7 by leasing the equipment in a virtual way. No waiting period. 10% Bonus: https://hashflare.io/r/6C4DFDFA
never heard of apple pay
What are your thoughts on mining bit coin? Where is a good site to start trading that you recommend I start? Fairly new to this but I have a good understanding on how it works i think
Wish you could buy the book with bitcoin
very good info thanks! i have bitcoin at coinbase but every time i check my acc. i have less! where do recommend i should l have my bitcoin ?
???Trading software is he using?
https://e-dinar.io/ru/?aff=243360928
when is you video coming out on etc
Coince the best investment site
Earn %3 daily for 60 calendar days
Start here via this link: https://coince.com/?u=C1554528
It's extrimely stupid to share your investment secrets and make more rivals. The only reason I ever share "my secrets" is when I want to deceive people.
Wait, what? Doesn't the company use the money that is invested in it via. the stock market?!?
Great video…thanks
I like the video – great advice. I have started to invest in bitcoin and have been buying a bit lately around the 660 dollar mark. I am a very technical person and great with computers. However a lot of the fear with bitcoin is just getting into and out of it. Even as a technical person I don't trust looking after my own wallet and keep the money in the exchange. What are your views in using the exchanges to store your money long term. I ask this because if bitcoin is going to become more mainstream there needs to be trust in the exchanges as everyday people do not want to manage a bitcoin wallet and all the responsibility that goes with that. I would be interested to get your views on that?
I didnt get into the university I wanted to and now got a year where I want to travel and work around the world. Would bitcoin trading be a sustainable side-income or could it possibly be a sort of main-income ''hobby''? Great vid as usual.
Hi Chris I looked some of your videos and I like your style. Can you explain me why nobody is arbitraging the difference between BTC-e and Bitfinex ? It's like 10 USD to gain! It's because of the delay in transfering from one market to another?
Chris, is there any software or website that lets you practice trading? Or at least lets you get your feet wet?
very good…macam menepati suara hati
4:40 @Chris Dunn I suggest you look into Monero or cryptonote. It offers something very different than bitcoin that Bitcoin is currently not utilizing.
Hey, what is the program you use for trading stocks? I live in canada and cant find a stock trading application that i feel i can trust.
this was great information thanks a lot for the great tips!
Hello, since you like metals what do you think of Rhodium which is low right now compared to recent years of the metal. Rhoidum at one point was over 9000 per oz and has big up and down swings over the years. Great video.
Hey I had purchased a bitcoin book from your company in February but I never received it.
opinion on etc?
Good stuff but by alluding to the price tripling over the past year I assume you mean we should trade. I think this is the time to accumulate before the next jump up. I expect a few unseen surprises from BTC / ETH the 2nd half of the year. I am surely wrong more than you so we will see. GL
very informative
I smell some bearishness on this vid. You told you have sold bitcoin at the peak and bought on the bottom and now you bought some gold. I think buying gold bullion in general is a good idea. Also silver is nice but it is not that practical as it takes a lot of space to store any meaningful amount of it. Some silver coins however might be a good numismatic plays (despite the price of the metal stays stagnant, those coins might collect some significiant premium due to scarcity of the year. Which type of gold bullion have you bought? Bars, coins and if coins, which coins? Personally I am buying 6,4 gram European coins from the period of gold standard, they carry 5-6 % premium and are easy to sell due to their small size.
I always enjoy your Bitcoin/Cryptocurrency videos. Please keep em coming.
bruh if your such a good trader you dont need the 7 dollar for the book give me a free pdf man