Don't hold Bitcoin for long time. - page 114.

Patatas

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Quote from: The Cryptovator on May 25, 2018, 11:35:20 PM

Hold is Bitcoin for long time, there is no much profit. You know why ?

My gut tells me not to read any further but I will, since I need to know your theory of ignorance.

Quote from: The Cryptovator on May 25, 2018, 11:35:20 PM

Because if you only hold Bitcoin your balance will grow up only on USD rate. For example you hold 1 BTC . Current price 7500$. It's might 10k after some day. But you still have only 1 BTC.

That;s the exact reason why people invest in bitcoins ? They want their balances to go up in USD ? Moreover, USD itself decides if the btc balance has gotten up or down.

Quote from: The Cryptovator on May 25, 2018, 11:35:20 PM

Now think you have 1 btc and you convert it into BCH. Example for 1 BTC you get 10 BCH. Rate per bch is 0.1 BTC .

After some day if Bitcoin grow up, At the same time BCH also will grow up.
If bch rate grow 1.5 btc then you will have 1.5 BTC.

But before buy alt coin please select best coin to avoid dump.

So what you think. Hold alt coin or Bitcoin ?

Your logic is flawed.You are on a different page altogether.You may consider rephrasing your title as a question and not a conclusion.

lablab03

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For me long term is still good. But you must monitor always the growth rate so that you can build a new strategy, target price and to get the right timing to sell as well 'cause to be honest holding in long term isn't worth it if you are not making technical analysis every day, which is you will end up to losing money if you let your money floating in the market without checking the circumstance of the growth rate.

D3m1r4wanti

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why do you forbid to hold bitcoin for long periods of time? if you know the future development of bitcoin then you will definitely decide to hold your bitcoin for as long as possible

Altryist

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This is understandable, but you need to be able to choose the right coins in which you can invest your bitcoin otherwise you can lose most of your investment. You need to have strong nerves as well as trader skills.

FoBoT

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I think it is better to hold both bitcoin and altcoin on long term because they both have great advantages and potentials to yield big profit. As long as you are patient to find a good altcoin to invest in, you are sure of making profit. Bitcoin is a stable coin and has the potential of doing better than most altcoin in future.

Lazada

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Quote from: thinkpad99 on May 26, 2018, 05:45:41 AM

So if somebody bought 10 bitcoins when price was few dollars and now when price is over 7500 dollars he still have only 10 bitcoins? No, now he get huge profit so holding bitcoin is still good

That is what is called a profit, anyone who invests or trades will have a chance to gain profit or lose. With the difference in price then everyone has the opportunity to take action to achieve some desired things. Doing bitcoin holdng in a long time is actually very profitable because Bitcoin is always projected to increase along with the increasingly familiar crypto globally. This is a strategy, choosing a holding for a long time or a short time is the choice of everyone who invests.

liuqi

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LuckyB.it is Back!

Quote from: The Cryptovator on May 25, 2018, 11:35:20 PM

Hold is Bitcoin for long time, there is no much profit. You know why ?

Because if you only hold Bitcoin your balance will grow up only on USD rate. For example you hold 1 BTC . Current price 7500$. It's might 10k after some day. But you still have only 1 BTC.

Now think you have 1 btc and you convert it into BCH. Example for 1 BTC you get 10 BCH. Rate per bch is 0.1 BTC .

After some day if Bitcoin grow up, At the same time BCH also will grow up.
If bch rate grow 1.5 btc then you will have 1.5 BTC.

But before buy alt coin please select best coin to avoid dump.

So what you think. Hold alt coin or Bitcoin ?

You are not correctly analyse the Crypto market because Bitcoin is promising platform so we should invest in long term but altcoins also growing fastly and it is not promising platform anytime it will going to huge dump. So better we should invest in Bitcoin at the same time some promising altcoins are available but that is not fastly growing so Bitcoin is the best option in long term investment.

thinkpad99

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So if somebody bought 10 bitcoins when price was few dollars and now when price is over 7500 dollars he still have only 10 bitcoins? No, now he get huge profit so holding bitcoin is still good

drogas

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Quote from: The Cryptovator on May 25, 2018, 11:35:20 PM

Hold is Bitcoin for long time, there is no much profit. You know why ?

Because if you only hold Bitcoin your balance will grow up only on USD rate. For example you hold 1 BTC . Current price 7500$. It's might 10k after some day. But you still have only 1 BTC.

Now think you have 1 btc and you convert it into BCH. Example for 1 BTC you get 10 BCH. Rate per bch is 0.1 BTC .

After some day if Bitcoin grow up, At the same time BCH also will grow up.
If bch rate grow 1.5 btc then you will have 1.5 BTC.

But before buy alt coin please select best coin to avoid dump.

So what you think. Hold alt coin or Bitcoin ?

I think holding bitcoin is always a good idea, and still diversifying and holding both is probably a better idea.

CHENIEN

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Decentralized Ascending Auctions on Blockchain

I think it is better to hold btc rather than bch, because talking about popularity and safety, it is better all the time to hold bitcoin. Although bch is also a good crypto coin but the comparison is much far from each status as a part of cryptocurrency coin. Bitcoin is a very popular coin, and it is the top coin of all cryptocurrency coins, so the better coin we holds it will also returns of better income.

Adreman23

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SOL.BIOKRIPT.COM

dont put your all investment into one basket because when you lose, all of your investment will disappear rather devide it on at least 5 good projects with high potentials to grow to minimize the risk of big losses.

qazgroup

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RiveMont

I do not agree with the thread poster, i still think that btc is the best long term investment, atleast when we compare it with bch, there is uncertainity about bch in the market so i think holding btc is still better, it is gonna be extremely profitable soon.

Hughesy26

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Quote from: The Cryptovator on May 25, 2018, 11:35:20 PM

Hold is Bitcoin for long time, there is no much profit. You know why ?

Because if you only hold Bitcoin your balance will grow up only on USD rate. For example you hold 1 BTC . Current price 7500$. It's might 10k after some day. But you still have only 1 BTC.

Now think you have 1 btc and you convert it into BCH. Example for 1 BTC you get 10 BCH. Rate per bch is 0.1 BTC .

After some day if Bitcoin grow up, At the same time BCH also will grow up.
If bch rate grow 1.5 btc then you will have 1.5 BTC.

But before buy alt coin please select best coin to avoid dump.

So what you think. Hold alt coin or Bitcoin ?

I don't think having 100% of one coin in your portfolio is wise - even if it is bitcoin.

I'd suggest holding a mix of coins, including bitcoin. I like to hold some small cap coins which have great growth potential, and some bigger cap coins that are more stable (but also some growth potential)

Emperor of Man

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That's the main reason why many people hodl alts instead of BTC, and if you act wisely, find a good alt which has a good team and is actively being developed, then enter at a good price and be patient, it usually works better than hodling bitcoin.

dealung

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That's a good and reasonable reason but I'm more confident if for a long period of one year or two in the future, and with this long-term investment I'm sure I can make a lot of money.

alian17

full member

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If you are full of information about the future of BTC. Then you can hold the existing BTC. BTC will be a hard currency like gold in the future. If you are an investor. Want to get more profit. You can earn more profit differentials through trading.

kewlc3s

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On the one hand you are right, but still many people and probably me as well not so crypto related and we still need currency to pay bills, buy something to eat and so on.
I will hold my btc Wink

o_e_l_e_o

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Quote from: The Cryptovator on May 25, 2018, 11:35:20 PM

Now think you have 1 btc and you convert it into BCH. Example for 1 BTC you get 10 BCH. Rate per bch is 0.1 BTC .

After some day if Bitcoin grow up, At the same time BCH also will grow up.
If bch rate grow 1.5 btc then you will have 1.5 BTC.

This is possible, but when BCH dumps to zero because it is a scam perpetrated by fraudsters, you would then have zero BTC, zero BCH and zero USD. What then?

The Cryptovator

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Quote from: pranazzs on May 26, 2018, 03:41:03 AM

Yes you are right, it is better to use capital for trading or to follow the legit ICO.

It's look like highly risk now to invest on ICO. I just want to explain, once market down you can get a chance. Buy alt coin and hold it up to reach on your target. Good coin never give you loss. Just need pateince.

pranazzs

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Yes you are right, it is better to use capital for trading or to follow the legit ICO.
or can buy a coin that just listing on the exchange because the possibility of profit more than 100% even 1000%.

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