Topic: Don't hold Bitcoin for long time. - page 94. (Read 10734 times)
I only like to invest for long term only as I do not have time for short term trade. Short term trade only gives small profits.
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$. It's might 10k after some day. But you still have only 1 BTC.
Now think you have 1 btc and you convert it into BCH. Example for 1 BTC you get 10 BCH. Rate per bch is 0.1 BTC .
After some day if Bitcoin grow up, At the same time BCH also will grow up.
If bch rate grow 1.5 btc then you will have 1.5 BTC.
But before buy alt coin please select best coin to avoid dump.
So what you think. Hold alt coin or Bitcoin ?
if talking about numbers in business. It will not be exactly right. For relative values / decreases in volatility. I still choose bitcoin as a priority. Why are cars costing billions of dollars compared to 10 cars costing several hundred thousand dollars. It is always unique. I admit to losing bitcoin this year. But I do not change that view. Because, the value of bitcoin creates certain conservatism and patience. Because if you only hold Bitcoin your balance will grow up only on USD rate. For example you hold 1 BTC . Current price 7500$. 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 ?
Very difficult to choose bitcoin or altcoin, if seen from its price is higher altcoin but if stability problem bitcoin price more stable in appeal altcoin. Both have their respective advantages and disadvantages so it will be difficult to choose it
down to couple of months or a year If we look at cryptocurrencies market investment, the legendary investor have seen success up until this point by avoiding the panic and sitting tight with their digital currency investments years to get better bang for your bucks !!
I just keep some of my money in bitcoin, I regard it as gold.This is reliable and there is a chance to earn a small percentage of simply storing in bitcoin
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.
For me, if you know the market volatility of the bitcoin then nothing to worry about, as long you have enough knowledge and understanding you can hold bitcoin for a long time, and when the right time comes that the bitcoin is in high value then you can sell it in a profitable price.
Yes indeed, if you know and fully understand what you are doing then its fine holding your bitcoin, I'm not sure what is the logic from OP, trying to influence people to hold another coins is also fine but better to know and also understand the risk, bitcoin can grow as we seen the last height and if time comes and value bounce back to that level those who still holding will benefits and gain much bigger profits.
No, this is a bad strategy. I think that right now, when its price has fallen, you need to buy it and keep it until the winter, and only then you will have a profit.
Well this might depend on you choice and your perspective and also i prefer to do some buying in selling on short time so i can be sure about it and also whenever it fails i wont lose a lot of time unlike with losing long term investment
to this time of year. Holders are no longer dominant, because FUDs and panic selling and negative information about hackers have destroyed the value of bitcoins. I thought so, but I do not have many options to choose from. The loss has increased dramatically. Continuing to hold at the end of the year as a miracle allows me to hope things return. Bitcoin still holds the 6k threshold. That is what I still feel optimistic about.
I think I'm going to stick on holding my bitcoin, because I hold altcoins as well. Especially now, the prices of altcoins are cheap, so I can buy a few more. I know I'll profit on my bitcoin and altcoins if I just hold them. Just wait until the prices of the coins rise again, the more different coins you hold, the higher chance of great profit.
For me, if you know the market volatility of the bitcoin then nothing to worry about, as long you have enough knowledge and understanding you can hold bitcoin for a long time, and when the right time comes that the bitcoin is in high value then you can sell it in a profitable price.
I think it will be same if we hold Bitcoin or another coin because usually altcoins price depends on Bitcoin price. So, for me it's better if we hold both of them.
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 ?
What sort of ridiculous logic. I don't know who gave this guy so many merit points. He seems to be completely ignorant of the basics of crypto. Don't even have the intelligence to imagine what could happen if BCH goes down to 0.01 BTC per coin.
it depends. but holding some bitcoin is also good for long term investors. Around 40% of your portfolio should be bitcoin. because during bearish trend you can use those bitcoins to reduce your avarage costs and collect more altcoins cheaper.
If you are full of information about the future of Bitcoin. Then you can withstand the existing Bitcoin. That is the main reason why many people prefer Bitcoin and if you act wisely, find a good alt that has a good team and is actively being developed. You can gain more profit gains through trading.
Yeah that's why people day trading but there is a chance to lose also.So if you invest in Alta better collect some knowledge before investment.But yes invest in Alta for some time can give some real profit.I always prefer invest in good Altcoins cause it can give better profit that Bitcoin.And BCH is a good choice.Just do some research before investment .
The simple way is to buy bitcoin for real money on a crypto exchange, and then buy one of the selected coins for it. Or through the exchanger, but there is usually a commission a little higher, but in this case you can get coins immediately to a cold purse (it is safer), without additional transfers.
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 really do not like long-term investments, I prefer to short-term investments, because I can get money in quick time even though the benefits are few, very different from long-term investment. The bored investment made me uncomfortable and bored quickly.
it seems to me that here you are mistaken. bitcoin is interesting from the perspective of a long-term perspective. in addition, over time, its price will only increase due to its limitations. so you better keep it the other way around as long as possible.
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