Was also my reaction this is neat if I remember right and comes in second place for the Bitcoin news of the day ha-ha
Expedia won lol.
That said I am glad that Yahoo Finance is taking Bitcoin seriously enough to add its own ticker for it.
This comment summed it up
“This is literally the best news I’ve had all day, and the day is still young!” said one commenter. “Another nice stamp of approval,” said another.
Amazing to think its going by day now this might have been the news of the week a while back and a month before that.
And yet the price is going down a little bit : 607$ on Bitstamp atm
It looks like a really good time to buy bitcoins
The short term price of BTC any investment does not matter, it is the longer term price that can make or break people.
BTC being on the yahoo finance page will get more people to get interested in bitcoin and to use it
If you get in @ 50 and it goes to 500 you made 1000% but if you got it @ 120 you made 410%
If you think it is going way up and you don't want to speculate on the price going lower before buying, you should just buy as soon as you can
Doing this can be dangerous as it could be a long time before the price recovers enough for you to turn a profit.
If you think it is going down you can wait to buy or even short but you are trading then because you are thinking you know how the market will react in the short term
If you want to invest in Bitcoin and believe in its long term potential you should buy and hold; some try to play the big waves in price, it is dangerous and you need to be really connected to the market to do so effectively
Well let me ask you this, what would you do if the price went below your purchase price and you needed money (you have no other source of funds)? The answer is that you would be forced to sell.
Yes but it doesn't contradict anything I said
You can think the price will have a higher price in the future and still end up needing the asset in the near future but if you only invest money you will most probably not need you are likely not to divest anything; if you plan it well and you delay gratification you can expect not to touch your bitcoins if you have a stable income