Topic: Is this a good advice? (Read 716 times)
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Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
If you really trust bitcoin i dont see any reason why bothered by this situation but the way you have been asked this seems that you dont trust this coins that much.
Bitcoin is the best holding material for long term investing and theres no doubt about this,whats the problem is if youre buying bitcoin just to gain quick bucks this makes difference because the risk will be on this matter
Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
What you are referring is basically a concept of trading and holding as well, people will just invest and hold it for a very long time while they focus on their work in the corporate world.
Well that's not a bad idea at all and it's taking profit when it's available while still having a stash to make futher profit. Though long term holders wouldn't be thinking this way since the prospect of a major price uptrend is very likely if you hold for a longer time.
Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
What you are referring is basically a concept of trading and holding as well, people will just invest and hold it for a very long time while they focus on their work in the corporate world.
yes, i guess that is a good suggestion. bitcoin is fluctuating, so I think it's risky to invest for a long time. I prefer to convert half of what we have into fiat currency, and the rest I prefer to trade. indeed everything must have risks. but we must think how to minimize the risk. In my opinion, investing has many risks than trading. and I prefer to trade and not just hold on to just one coin. by trade we will surely often see the state of the market. and the state of the market can be used to make a profit by buying and selling. make a sale when we think the selling price is greater than the purchase price. I think it is a good strategy to make a profit, and the value of risk is not too great.
You just smart. Doing these things you can earn money in short time. And one thing that I like most of all it's about the risk, you decrease it. Go on.
Yes, you can redeem your Bitcoin into fiat every time you feel you have made enough profit unless you are the greedy type. Prices will always go up. Then it is good advice and a good money management strategy. If you are going to do it in two thousand and seventeen you will achieve your goal to draw half of your Bitcoin.
If you do not know anything you need some advice that you may need it for today's trading I recommend you sell it and you can have great things for your future for trading for you
At present prices are good and the opportunity for us to change lives. Look at the price of the year apart
Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
This is something everyone has to decide for themselves and depends on a few things.Some people just want to profit from BTC in short term,others have plan to hold for long time.If you have 10BTC and need money for something there is nothing wrong to sell 5BTC or more/less amount.
If you invest in BTC, holding is always risky in terms of price,you can lose money or you can profit from that.For people who can not live with such risk BTC is not option for investing,better buy gold or something like that.
I am not sure what you want to say with convert 5BTC in fiat,when you sell them you have only left 5BTC-you think to sell that remaining 5BTC when they double price or what?
I think I m in support of what you just said about, sometimes holding is very risky because you don't know tomorrow how it will be mostly the business is not what one can predict about moreover to hold your coins.
As far as price is concerned here, I don't really hold anyone in high regard. Price rising and falling can happen anytime, the onus lies on one to determine when to go for the jugular. Risk management 101!
It would be nice if you have a better fund to play a game about bitcoin. The last scenario I can guess is that bitcoin will never finish and day by day every new country will access their country because people are busy with their profession who can do useful work with bitcoin in a very short time. 
As we all know that bitcoin had reached 19k$ end of the last year. It's possible that bitcoin will rise more than last year. So if you have 10BTC then you can sell half of it. May be it's a risk but price could rise up double in this year too.
I will suggest you to make the decision based on your financial situation and how much risk you can take. You friend might not be aware of your spending habits and patience level.
If you are asking if it is a good advice to sell the half and save the other half, well it depends on what you really want. If you want to convert it to money and use it, and keep half of your btc.
No I won’t be in favor to sell your bitcoin right now as price of bitcoin is increasing more and more so don’t lose your chance for profit try to buy some bitcoin save instead of selling it, bitcoin is good only to hold for long time as this way you will earn high amount of profit, if you are in need of money you can use cash only but don’t sell your bitcoin, as much as you will save you will get profit at the end.I agree, but, how long will you withhold bitcoin? I'm not so sure that many can withstand the bitcoin they have. you're better off trading bitcoin than holding bitcoin until the time you do not know.
Make a plan for your Bitcoin and be guided by that. With that, i don't think you will fumble with your decision to hold or sell.
That's why you should have another set strategy in order to use it when you need it at the proper time. Too risky because bitcoin price is not stable it goes to pump and dump. You aren't sure enough if your 5 bitcoin will increase in number.
Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
This is the main reason why you must be driven by a goal you set or write down before entering into the crypto world or right after gaining some Bitcoins. This goal is drawn based on individual's preference. The goals must direct you as to how long to hold your Bitcoin and at which price to sell part or sell all. I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
Yes this is a good advice for the community peoples who want to join in this kind of transactions because while waiting your job is end we have another way that we can make on how to earn a other income.
Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. hold and hold your Bitcoins. Don't convert to fiat or spend them. But, there's a big risk...what to do?. This is a question somebody asked me today.
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
I didn't answer at him, but, thought deeply about that and got the following mind.
If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
Not bad advice. If you do that, you will have always 2x profit when you sell your bitcoin.
This is surely need long time to accomplished because your ROI must hit 100% and you can sell it then.
Why not you buy tokens in ICO using your bitcoin ? you will earn more.
Sell or hold? I hope, nobody can say 100% sure what is right, because crypto currency is such a market when it can never say when the pump will be dump, because the market is up-dwon, on demand, bitcoin will increase Then its pice will increase, and when its demand decreases, its pice will decrease, and generally the current hold time, because crypto rules are when the market is dump and when the pump is sold then it can be profitable. , And bitcoin's pice dump is now expected that very early bitcoin pice will be pump,BTCBTC
I think that is based on individual decision depending on how the person wants to make his or her own profits.
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