Topic: Don't hold Bitcoin for long time. - page 76. (Read 10734 times)
its better for you if you just stay for bitcoin for now, and try to learn things about altcoins before you start investing or trying to hold for long term, because you might end up losing.
This is so true. We need to check the kinds of investments we put our bitcoins into to ensure quality results.
as of my experience trading in a whole year, my self is creating own strategy that holding btc for the whole year is not good to gain and it cannot maximize your profit, so therefore its better to make a time base for selling and buying btc in the whole year cycle. just only my thought.
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 ?
This is true, you can hold some bitcoin but if you have a coin that has the best potential to grow you can trade it.
look, that coin can grow with bitcoin price and as we are waiting for the bitcoin to rise, we should rest our money on alts not with bitcoin.
I just think now, if the concept you convey will be more profitable, even that does not affect the fall of the price of crypto. and we still get a profit.
Your post is complete nonsense lol. Obviously the gains are slower but then so are the losses. Altcoins are down twice as much as BTC.
Because of one reason, it's bitcoin who is dominating the market.I disagree with the statement that bitcoin is not good for long term hold because bitcoin is the best coin as of now and in terms of long term potential, it's leading the race.
Your post is complete nonsense lol. Obviously the gains are slower but then so are the losses. Altcoins are down twice as much as BTC.
Because of one reason, it's bitcoin who is dominating the market.I disagree with the statement that bitcoin is not good for long term hold because bitcoin is the best coin as of now and in terms of long term potential, it's leading the race.
why do you forbid to hold bitcoin for long periods of time? In my opinion, if you know the future and its potential, you will have to keep the BTC as long as possible.
It depends. Depends on how much the longtime you mention is. People usually invest in long-term like 3 months - 5 months since they know that bitcoin can fluctuate every second. If you wanted to hold bitcoin in a very very super duper long time like 10 years, you can expect more money in your pocket.
Well, I think this is a good strategy, but you have to select top 20 alts in order not to lose your money and it is better select some coins for your portfolio. In general idea is clear
It is an interesting example, but you need always to be confident in your exchange cryptocurrency, if you will exchange into the cryptocurrency which will fail and the price will decrease, instead of having more of Bitcoin you will have less of it.
I think Most of your investment should stay on Bitcoin. The rest of investment stay NEO BCASH or any coin of top10 coins.
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.
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?
In this case there will be nothing left but to write another post on btt about how you regret what mistake you made.
If you are an experienced trader then use your assets in the current market and trade. If you are an ordinary person just hold.
Bitcoin also stood because the refferal in all countries receiving Cryptocurrency on its basis was open to Bitcoin, not to Altcoins.
so when you buy BitCoin CasH, do not fully use your Bitcoin, because Bitcoin Cash is just Altcoin the same thing with his other altcoin.
so when you buy BitCoin CasH, do not fully use your Bitcoin, because Bitcoin Cash is just Altcoin the same thing with his other altcoin.
Yes, you are right and I agree with your suggestion and also think if you are very careful enough to make good selections of altcoin to invest in, they are better because their value will change other than bitcoin but on the other hand, I think altcoins are very good for trading than holding. I believe it is good to hold both bitcoin and altcoin for long term to earn reasonable profit.
My opinion is that now invest in bitcoin can only investor with very strong nerves, or someone who is able to invest and forget about it for a couple of years.... for it is not excluded that in the near future there will be a very significant drawdown (at least twice or three times ), and most likely it will be
This is not a good advice in the sense that no one knows how long it will take BTC before its price rise up. For me, I will hold it as long as it takes BTC price to be exorbitantly high in the crypto market. Don't as well be afraid of its future, for its future is bright.
Your post is complete nonsense lol. Obviously the gains are slower but then so are the losses. Altcoins are down twice as much as BTC.
Your points here is good but you should also take into consideration if the altcoins fall you loose bitcoin as well. It will be good to have range of coins in your wallet.
I'll hold my briefcase until the last . I really hope I'm not wrong. )
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