Topic: Don't hold Bitcoin for long time. - page 40. (Read 10770 times)
Bitcoin can be kept for a long time, but I agree that you always need to diversify the risks, and do not keep all the savings in one coin, even if it is bitcoin.
Yes, right. Bitcoin is less suitable for long-term trading. I want to illustrate, that only when the market goes down can you get a chance.
For the long term, you can buy altcoins and hold it to reach your target. Ethereum, neo or Eos is perfect for long-term investments.
For the long term, you can buy altcoins and hold it to reach your target. Ethereum, neo or Eos is perfect for long-term investments.
Why not practice show us what long holding bitcoin never failed before.
BTC is the blockchain 1.0 todays we see next gen blockchains 2.0, 3.0 already coming and btc not dies. This coins is strong
BTC is the blockchain 1.0 todays we see next gen blockchains 2.0, 3.0 already coming and btc not dies. This coins is strong
Why? Bitcoin is the best investment people had in years SO WHY NOT HODL BITCOIN and dumped those alts? Bitcoin is staying strong at 6.5k usd right now. Other coins? They're not.
I think it is important to hold bitcoin right now because the market is low and I bet you will regret it if you stop holding now
I think your proposition and opinion is your wright. The reverse is the case with me. I just need to hold the little amount of Bitcoin I can afford to generate high USD in return at a long term which I think is also the wish of so many others here. If Alts is your interest , so be it.
Your opinion was good enough but not everyone will think same as you. New investor will probably choose the good reputation coin which is bitcoin. they choose bitcoin because it already giving us a proof that bitcoin can survive for almost 9 years. I think they will feeling more safe if they put they money into bitcoin than altcoins.
I instead suggest we should not store bitcoin for a long time. Because the price is very unusual, and more stable than other types of coins.
There is no reason not to save bitcoin, I know this coin can be used for daily trading or long-term investment.
There is no reason not to save bitcoin, I know this coin can be used for daily trading or long-term investment.
I do not fully agree with you, why do you forbid me not to hold bitcoin in the long run? Even though I know that there are many people holding bitcoin now and waiting for the price to return to the top, is that why you forbid me from holding bitcoin for a long time? I'm not a fool in this world, friend.
I suggest, do not put all your investment into one type of coin, because when the market falls, all your investment will be lost, and you will experience losses. You better share it on at least 2 or 3 projects that have good potential, because that can minimize the risk of big losses at the end of the story.
The topic contains really correct information, but you should take into account the fact that Bitcoin was and remains the most stable coin.
Bitcoin has one way - up. The cost price of its extraction grows, and demand though slowly, but increases. Therefore, who would not say what, and how would the price not behave, he is the first on the list.
At the end of the day, Bitcoin is the pioneer in this space. I personally feel like you need to HODL as much BTC as possible because once we get closer to the total supply gone, prices will skyrocket. Prices are higher now then they were last year before the huge jumps. PRiVCY is a great alt-coin if your looking towards getting in early, but always HODL your BTC. Its going to places we've never seen. JMO - always do your own due diligence and only spend what you can afford to lose...
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$. It's might 10k after some day. But you still have only 1 BTC.
Now think you have 1 btc and you convert it into BCH. Example for 1 BTC you get 10 BCH. Rate per bch is 0.1 BTC .
After some day if Bitcoin grow up, At the same time BCH also will grow up.
If bch rate grow 1.5 btc then you will have 1.5 BTC.
But before buy alt coin please select best coin to avoid dump.
So what you think. Hold alt coin or Bitcoin ?
If it is sufficient funds, I think holding BTC is a good choice because BTC is the safest. Of course, I completely agree with you. After all, not many people can hold a large number of BTC.Because if you only hold Bitcoin your balance will grow up only on USD rate. For example you hold 1 BTC . Current price 7500$. 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 ?
Yes, but when the btc increases the altcoin decrease, then if you buy BCH and BTC increases your value in BCH will always be the same, while if you sell BTC to 7600 and then buy it back to 6000 for example you have earned.
I guess it doesn't hurt to hold my bitcoin in a long time, but if you buy it at such a high price at the end of last year then you will get a loss from holding bitcoin for long stretches of time. but imagine if you had a bitcoin in year 2014 for example with prices that are still very cheap and if you sell now you can benefit very much.
I have always advocated to hodl bitcoins and purchase on dips, last year when it touched it highest peak many purchased it and they feel they'll make a loss, however I would suggest to buy at multiple times and average the price out. In comparison to alt market bitcoins prices are showing steady recovery, while alts price only seem to be dropping down. One should hodl as it's proven those who have held their coins have made decent profits.
I think both of them are very good if used in the right way and by choosing the right decisions will produce many benefits as well
I guess it doesn't hurt to hold my bitcoin in a long time, but if you buy it at such a high price at the end of last year then you will get a loss from holding bitcoin for long stretches of time. but imagine if you had a bitcoin in year 2014 for example with prices that are still very cheap and if you sell now you can benefit very much.
People always suggest BTC will be surpassed and to not hold, but it will be the gold standard in crypto for a long time. It has the legacy on its side.
Holding still is a good way to earn more but people should consider a long time of holding in this current market.
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$. It's might 10k after some day. But you still have only 1 BTC.
Now think you have 1 btc and you convert it into BCH. Example for 1 BTC you get 10 BCH. Rate per bch is 0.1 BTC .
After some day if Bitcoin grow up, At the same time BCH also will grow up.
If bch rate grow 1.5 btc then you will have 1.5 BTC.
But before buy alt coin please select best coin to avoid dump.
So what you think. Hold alt coin or Bitcoin ?
If it is sufficient funds, I think holding BTC is a good choice because BTC is the safest. Of course, I completely agree with you. After all, not many people can hold a large number of BTC. Because if you only hold Bitcoin your balance will grow up only on USD rate. For example you hold 1 BTC . Current price 7500$. 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 ?
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