But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.
If possible bitcoin will go $1 million one day, the day is still very far, not 10 years from now because the marketcap needed for that is very high. Did you know that over a trillion marketcap will get bitcoin to just $100000, which means more 10 fold is still required to get it to such price. If more institutions can pump in more money and buy bitcoin, possibly will result to bitcoin getting to such price.
But, what I know is that no matter what, bitcoin price will ever be at increase everytime over long term period.
That day might not be as far off as people might think. Fiat is fraud at various levels. People are finding out. As more people find out, fiat will collapse faster, and its rate of collapse will increase.
Bitcoin is headed for the stars, but to make the most profit, the Big Bitcoin Investors are causing BTC to jump around a bit. Bitcoin hangs at $20,000... going up and down, say, $500. Then it does the same at $21,000, and $22,000, and $23,000. All the little people get scared, and sell off to the Biggies before the profit goes sky-high and beyond.
If only I have seized the opportunity to learn the complexities of trading, I am now taking advantage of trading the trend whether it be going for long or short and was able to reduce my regrets for not taking trading seriously before before this massive price increase. It's too bad that I feel being helpless for not being able to trade those rare money making opportunities.
But if you can, hang onto the Bitcoins you have. Because you will be rich when BTC goes to a $million or higher.
Dollar cost averaging is also a good idea regardless of bitcoin's price.
Thanks. Right now - Christmas - Bitcoin has suddenly surpassed $24,500.
There arent many reasons why I wouldnt feel the need to sell my Bitcoins but surviving from starving would makes the top of this list. It would be nice to live off our BTC profits but this is not reality.
But other than starving I would only sell my bitcoins for medical reason if I became sick or my family member needed fiat for medical costs.
Hoping to see you later down the road when Bitcoin is worth $million or higher.
I should start mining. What's a good pool? Or how do I set up my own equipment profitably?
I understand what you say but how much have you profited from this in fiat? Did you enter just to put everything in Bitcoin then? What is your plan and when you are going to find a good price to sell?
In fact which one of the early investors or the bitcointalk whales have never sold for fiat and don't have a healthy bank account? Perhaps you have millions in your bank, most people entering now with the money you invested in 2013 don't have any hope for a 200x like you did. You tell people to keep holding when there is profit taking. Is this really what we should be doing?
I got in around the $200 mark. I have taken several times my investment out already.
What are you going to say to the dumpers & profit takers if bitcoin dumps from here to $10k?
Also how can you be so sure about that a million USD price tag?
They say that the only sure things are death and taxes.
Bitcoin is becoming more important to people all the time. You can see it in the news. Odds are that it will go up as it has been doing.
If they shut down the electrical grid or the Internet, we are screwed.