hold long enough bitcoin is a pretty good way to make money. I myself do it long enough around 2-4 months. but yesterday yesterday the price has touched $350 and I was immediately sold.
'it's a pretty good way'' Well i would not say it's a pretty good way, it's just like any other investment strategy, it's good if the price goes up and it's bad if the price goes down but knowing how volatile bitcoin is, you know you are going to have a lot of price swings and although some people say you can predict the price in the long term, thats a lie.
yes this as a long term investment. but this is really a good way, because I think bitcoin will continue to rise although bitcoin will go down and then will go up, up and up
I couldn't understand anything of what you said and it's obvious you didn't understand what i said either. There is no way to know if bitcoin is going to be alive in the next year, only sometimes when a big event happens. Imagine paypal says they will be using bitcoins aswell, that will obviously boost bitcoin in the short term and the long term so of course buying then it's a good idea. Right now you can't really anticipate anything, no one knows for sure if the price will go up or down so it's really not a good way of investing as of right now.
Looking at this thread, it seems that there are a lot of people here who are early adopters and feel very enthusisatic about bitcoin.
There are some other, who look at bitcoin more cautiously and advise some moderation with making forecasts.
I think it is typical as we move ahead of the technology adpoption curve and is actually a very good sign.
