Topic: Don't hold Bitcoin for long time. - page 58. (Read 10734 times)
Holding bitcoin is absolutely correct, you have a very good example. Use BTC to convert to BCH, then wait for the value to rise, and finally replace BCH with BTC. In fact, this is a trading process and there is a risk in the process. You should also say it clearly.
You should understand that the next couple of years, the whole sphere will follow bitcoin and if you investing in other projects, you will risk going against the market, which is not good.
maybe everyone has a different investment strategy, if you think the strategy that you explained gives a lot of profit then go ahead, but in my opinion investing in btc is still good and can provide many benefits, it's just that the price of BTC is experiencing a very drastic decrease, but maybe this is an opportunity to buy a few btc to invest and wait in the long run while waiting for the market to recover.
I think Bitcoin is a cryptocurrency that is suitable for long-term holding. Bitcoin has a high investment value. And I think the value of Bitcoin will not be reflected in the short term. After many years, Bitcoin has risen to $20,000 in the market last year.
it's true, I prefer trading than having to hold in the long run. in my opinion it is even more risky when you invest long term than trading. for trading it's very clear we will get more profits.
Your investigation is great, extremely point by point, and I likewise believe that you can't hold Bitcoin for a really long time. I imagine that in spite of the fact that it is currently the biggest digital money, its soundness is poor to the point that it doesn't have any capacity to oppose falling, and it's The cost increment isn't enormous!
If we look at the market and analyze last few months, it is easy to see that almost every altcoin dropped in price. But Bitcoin looks quite good.
Hold is Bitcoin for long time, there is no much profit. You know why ?
Because if you only hold Bitcoin your balance will grow up only on USD rate. For example you hold 1 BTC . Current price 7500$. 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 ?
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 see. You got the point mate. I also agree that if you hold 1 BTC and it might go up the price of it upto 10k but you still have 1 BTC. Yes, we should play our virtual coins around, do some converting experiment and it might be good opportunity for you. It is sad to see people like to prefer sticking into decision, and just holding it for a long time. They might not still seeing other opportunities around the corner. They do need to explore. Lots of opportunity are waiting for them, hoping for them to see it.
bitcoin is good for the long term, if you patiently wait until bitcoin increases, for now you might be pessimistic about bitcoin because there is too much bad news about bitcoin. but no one knows 2 or 3 years, if you are patient enough, try it 
It is a nice and simple calculation that looks perfect in theory but whta if the altcoin you buy also falls deeper. It means you have lost part of your initial btc so i will say that, in all,it depends on you the individual
bitcoin fits in my opinion, for the benefit of long-term investment, remember long-term is not short-term, because bitcoin is the biggest value among others, and the price is very volatile if it rises and vice versa
Depends on the person who wants to invest in it and how long it will hold the coin. Because everyone must have a different way. Therefore it might be better for you to hold bitcoin against the altcoin because bitcoin has a huge potential compared to other coins.
I have always considered bitcoin to be the best coin in crypto and ideal for long term investments
I agreed, bitcoin is the best crypto, but I'am not sure that it's best for investment. Lots of big players juggle as they like with bitcoin's course.
Do you really think that keeping bitcoin for a long time is not profitable? Count how much you could earn if you invested in bitcoin a couple of years ago and now this trend is also preserved. Therefore, I think that investing in Bitcoin is one of the most profitable.
You are right that the investment made in BTC will grow less than a low cap altcoin which worth in cents. But there is an equal risk. bitcoin being the most dominant currency is likely to sustain its marketcap and user base instead of a low cap coin. Bitcoin has the trust of the investor and has the maximum marketcap. There is a more chance of that cents worth coin to turn to 0 than Bitcoin.
Many people earn this way, but it takes a lot of time. Just buy bitcoin and make a profit in dollars a few months later is much easier
This is a simple investment rule. More the value of a coin in dollars, the slower is the growth in percentage. But you must have seen that Bitcoin is the least risky coin for investment as well. If the coin grows slow, it depreciates slowly as well which saves you from huge losses. But if you invest a coin worth some Satoshis, it can go almost 50% down in a day which definitely worth a lot more risk. So, one should choose investment according to one's risk appetite.
I think its better to hold bitcoins for a long term of investments because bitcoins has strong potential that can survive up to the future and it will continue to increase it's value due to high demand and supply in the market.Bitcoin is profitable in the long run.
in my opinion bitcoin is the most secure coin to hold for long term purppose rather than other coins because possibility to survive in the future looks pretty good for me and i think it does not matter if people still have 1 bitcoin in the future but if the price increase then automatically 1 bitcoin value will increase too or their investment asset will worth as they expected
My point is the opposite of yours. I think that there is no coin in Bitcoin that can be held for a long time. This is very dangerous. Many altcoins will disappear in the future.
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