Are you holding your bitcoin for a price increase? - page 138.

richardsNY

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Quote from: PizzaBTC on January 18, 2016, 10:14:52 AM

Quote from: jakelyson on January 18, 2016, 10:08:05 AM

Halving or not I am still holding my coins. There is no immediate need for me to encash my bitcoins so it will stay in my wallet. Plus, I believe with the current progress in adoptation of bitcoin and with some media coverage, it is bound for a great price increase. Halving is just one of the factors for price increase.

If you're rich enough not to need to cash out bitcoins in any near future, then bitcoins will make you more richer. Saving bitcoin is the simplest way of becoming rich.

You don't have to be rich to not sell the coins that you hold for a long time. I also plan to hold a good portion of my coins at least for a few years. That doesn't mean I'm rich. I hope my holding will make me rich at some point in the future. That's my goal and probably the goal of most people here.

Bazelak

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Quote from: PizzaBTC on January 18, 2016, 10:14:52 AM

Quote from: jakelyson on January 18, 2016, 10:08:05 AM

Halving or not I am still holding my coins. There is no immediate need for me to encash my bitcoins so it will stay in my wallet. Plus, I believe with the current progress in adoptation of bitcoin and with some media coverage, it is bound for a great price increase. Halving is just one of the factors for price increase.

If you're rich enough not to need to cash out bitcoins in any near future, then bitcoins will make you more richer. Saving bitcoin is the simplest way of becoming rich.

We are holding bitcoin to wait for the price rise. There are many opportunities to invest bitcoin and earn bitcoin using bitcoin at the moment.

nejibens

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Quote from: jakelyson on January 18, 2016, 10:08:05 AM

Halving or not I am still holding my coins. There is no immediate need for me to encash my bitcoins so it will stay in my wallet. Plus, I believe with the current progress in adoptation of bitcoin and with some media coverage, it is bound for a great price increase. Halving is just one of the factors for price increase.

I think so, even if after halving the prices don't increase as predicted we can make some profit by holding our coins because the price will increase in some time surely and it's then the time to sell and make some earning

PizzaBTC

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Quote from: jakelyson on January 18, 2016, 10:08:05 AM

Halving or not I am still holding my coins. There is no immediate need for me to encash my bitcoins so it will stay in my wallet. Plus, I believe with the current progress in adoptation of bitcoin and with some media coverage, it is bound for a great price increase. Halving is just one of the factors for price increase.

If you're rich enough not to need to cash out bitcoins in any near future, then bitcoins will make you more richer. Saving bitcoin is the simplest way of becoming rich.

jakelyson

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Halving or not I am still holding my coins. There is no immediate need for me to encash my bitcoins so it will stay in my wallet. Plus, I believe with the current progress in adoptation of bitcoin and with some media coverage, it is bound for a great price increase. Halving is just one of the factors for price increase.

baazju

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Quote from: wildan88 on January 18, 2016, 09:44:22 AM

Quote from: baazju on January 18, 2016, 09:35:54 AM

Quote from: Hellacopter on January 18, 2016, 09:33:11 AM

Quote from: baazju on January 18, 2016, 09:29:07 AM

I watch the markets, and definitely buy when it gets lower, but for the most part I use my Bitcoin to buy things and put in cold storage for either the death or explosion of bitcoin.

It's expected that the Bitcoin's price will increase after the next halving happening soon, so i think that holding the coins nowadays is really profitable method to make some profit online

Yea, I am a bit pessimistic about the halving. I think we will only see a big price increase when more people adopt bitcoin and use it every day. We need more services and more things that people can do with bitcoin. I am more excited about what OpenBazaar will bring to bitcoin.

I also do not know whether halving be really influential. but I have heard that the previous year halving ever happened. does it really affect the price?

The last halving there was no impact... but Bitcoin was not nearly as big then as it is now. There might be a bit of an increase due to the media coverage and what not... but I think the increase will be small. Definitely not a doubling of price though like many predict.

wildan88

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Quote from: baazju on January 18, 2016, 09:35:54 AM

Quote from: Hellacopter on January 18, 2016, 09:33:11 AM

Quote from: baazju on January 18, 2016, 09:29:07 AM

I watch the markets, and definitely buy when it gets lower, but for the most part I use my Bitcoin to buy things and put in cold storage for either the death or explosion of bitcoin.

It's expected that the Bitcoin's price will increase after the next halving happening soon, so i think that holding the coins nowadays is really profitable method to make some profit online

Yea, I am a bit pessimistic about the halving. I think we will only see a big price increase when more people adopt bitcoin and use it every day. We need more services and more things that people can do with bitcoin. I am more excited about what OpenBazaar will bring to bitcoin.

I also do not know whether halving be really influential. but I have heard that the previous year halving ever happened. does it really affect the price?

baazju

member

Activity: 98

Merit: 10

Quote from: Hellacopter on January 18, 2016, 09:33:11 AM

Quote from: baazju on January 18, 2016, 09:29:07 AM

I watch the markets, and definitely buy when it gets lower, but for the most part I use my Bitcoin to buy things and put in cold storage for either the death or explosion of bitcoin.

It's expected that the Bitcoin's price will increase after the next halving happening soon, so i think that holding the coins nowadays is really profitable method to make some profit online

Yea, I am a bit pessimistic about the halving. I think we will only see a big price increase when more people adopt bitcoin and use it every day. We need more services and more things that people can do with bitcoin. I am more excited about what OpenBazaar will bring to bitcoin.

Hellacopter

hero member

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Quote from: baazju on January 18, 2016, 09:29:07 AM

I watch the markets, and definitely buy when it gets lower, but for the most part I use my Bitcoin to buy things and put in cold storage for either the death or explosion of bitcoin.

It's expected that the Bitcoin's price will increase after the next halving happening soon, so i think that holding the coins nowadays is really profitable method to make some profit online

baazju

member

Activity: 98

Merit: 10

I watch the markets, and definitely buy when it gets lower, but for the most part I use my Bitcoin to buy things and put in cold storage for either the death or explosion of bitcoin.

krunox123

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I don't bite.

Quote from: fernswift on January 17, 2016, 09:16:05 AM

If you are not pressured by your live expenses and can afford to bank some bitcoin for a longer period of time.
There is no reason for you to not wait for price increase, you would be fool to sell your bitcoins before halving.

Precisely. But there is no guarantee that the price of Bitcoin will rise a lot after the halving. :O

goinmerry

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Quote from: fernswift on January 17, 2016, 09:16:05 AM

If you are not pressured by your live expenses and can afford to bank some bitcoin for a longer period of time.
There is no reason for you to not wait for price increase, you would be fool to sell your bitcoins before halving.

There are those who have just the amount they needed but still hold their bitcoins. It is the trust that soon it will rise and never fading courage to take the risk and hope for that moment that we can at least profit some in that rising moment.

Bazelak

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Quote from: jostorres on January 17, 2016, 09:22:03 AM

Quote from: fernswift on January 17, 2016, 09:16:05 AM

If you are not pressured by your live expenses and can afford to bank some bitcoin for a longer period of time.
There is no reason for you to not wait for price increase, you would be fool to sell your bitcoins before halving.

Halving must be short term target for bitcoin holders. I believe in bitcoin like one satoshi = $10. This will happen when 90% of total bitcoin get mined out.

I do not believe I will live that long to see $10/satoshi price. It will take at least 100 - 300 years. If the US dollar collapses, I might see it.

jostorres

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Quote from: fernswift on January 17, 2016, 09:16:05 AM

If you are not pressured by your live expenses and can afford to bank some bitcoin for a longer period of time.
There is no reason for you to not wait for price increase, you would be fool to sell your bitcoins before halving.

Halving must be short term target for bitcoin holders. I believe in bitcoin like one satoshi = $10. This will happen when 90% of total bitcoin get mined out.

fernswift

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If you are not pressured by your live expenses and can afford to bank some bitcoin for a longer period of time.
There is no reason for you to not wait for price increase, you would be fool to sell your bitcoins before halving.

Epicnicity

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I think it's good to hold some bitcoins anyway, no matter what you use bitcoin for. Having some spare bitcoin is always good, you never know when the price will rise up suddenly, if this does happen you are able to sell some and take out profits.

I am indeed holding bitcoin and waiting for the price increase.

Bazelak

full member

Activity: 221

Merit: 100

Quote from: Daijess on January 17, 2016, 05:03:53 AM

Me personally, I am doing both. I am using coins(not every day or anything) to buy certain things I like, or entertainment purchases. I am also saving my coins, hoping for the chance that Bitcoins will rise in value to the point where I could quit my job:)

Saving bitcoin is a good idea. It is even better to buy something with your bitcoin. You can increase the adoption of bitcoin.

jakelyson

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Quote from: mayax on January 16, 2016, 07:15:19 AM

Quote from: Bazelak on January 15, 2016, 10:08:54 AM

Quote from: nerFohanzo on January 14, 2016, 06:25:57 PM

Quote from: ?? on ??

yes im still holding my btc because i believe that the price will grow up than last year

Exactly and that is the right thing to do, as we all are very much aware that the price of bitcoin would reach to a new level in the coming months and we want that it should reach to a moon, its not possible but atleast if we are able to earn some profits out of it then there is no major concern.

But the price is dropping now. Is this the last drop before the big rise we will see in a few months? Is so, I am not worried.

sell your BTC now to limit your loss or even to earn something IF you bought below 350 USD. Then wait until BTC will fall below 200 USD and you may buy after that.

why would you keep a such volatile commodity as Bitcoin? Just trade it and try to make profit or limit the losses. Speculation!

Yes, bitcoin is volatile, but it is a long term investment. If it double or triple the price in 5 years, then its a win. And some people are not very good in trading. Only some have the guts and the wits to be a good trader.

Daijess

sr. member

Activity: 241

Merit: 250

Me personally, I am doing both. I am using coins(not every day or anything) to buy certain things I like, or entertainment purchases. I am also saving my coins, hoping for the chance that Bitcoins will rise in value to the point where I could quit my job:)

Umworpol

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Well dollars very strenght the question when it will crash all countries facing problems some are exposed because corruption others just havent balanced their accounts and now must readjust it.

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