Is this a good advice? - page 2. | Bitcointalksearch.org

DiceChain

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Quote from: niotib on December 29, 2017, 08:53:36 AM

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 a good advice in a sense. That is diversification of funds. Diversification always mitigate risks. But diversification must be very tricky and timely. Bitcoin and Fiat are two quite different currency.Both has potentials. Undoubtedly bitcoin has better future prospect than fiat.Therefore investment in fiat instead of bitcoin is not a good decision indeed.

badungs

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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.

akram143

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Yes I also agree with that some of the ideas will be correct in our time so this is how selected we don't have any other ideas then we can definitely Traders and make some extra profit and I need more ideas like this for not only me but also all the new people who have entered and they struggled in this field.

TIDOVEE

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Although we have different ways of making it work.
But it is more about knowing when to invest and be sensitive enough and one can also keep scrapping the gain per time.

Ar Rahman

newbie

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everyone has its own decision, but I suggest if you join at this time then it will benefit you in the future, but for now public achievements still doubt the existence of bitcoin, for those who have joined the good decisions, see from up and down the price crypto is also not too drastic now, so no doubt if you want to join now

clairdelune

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Quote from: niotib on December 29, 2017, 08:53:36 AM

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?

For me BTC is good for long term investment but it will ony depend on the value of the BTC. It will still depend on you on how you will hodl your BTC, you should study how to hodl the BTC how you will make your investment big, how you will make big earnings from BTC. You should not depend on someone's opinion you should know how to dO your own strategies. You can get your own strategy buy trying it on your own. if you do not try it first you will never know how you will do your strategy.

kastara

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If in my opinion bitcoin is a long-term investment it may take years to years rather than months to months, if you want to get more. That all may be seen from the movement of bitcoin values in previous years showed a fantastic increase in my opinion. So if I think if you want to invest bitcoin do it by setting aside a little of your assets routinely so that later you will feel the results and do not disturb your daily needs if you set aside a little of what there is

Alexmagn84

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That is good for suggest,real time already created. Now bitcoin price always going to increase or decrease. Today you can buy bitcoin and tomorrow you can sell your bitcoin with the increase time.

levvv

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Quote from: niotib on December 29, 2017, 08:53:36 AM

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?

it is a good strategy. It goes like, you buy 10 btc with your money. and if btc price now doubled from you bought, you sell your 5 btc and still have 5 btc,
equal to your amount money.
but it will need long time for the coin to increased. Patience is required to do this kind of strategy.

THATBTC

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Quote from: bitart on December 29, 2017, 05:33:05 PM

Quote from: Lucius on December 29, 2017, 09:16:38 AM

Quote from: niotib on December 29, 2017, 08:53:36 AM

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 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?

A bit hard to understand because I think he was talking about 5 Bitcoins but was thinking about the fiat equivalent of it.
Just use the price $10,000 per BTC as an example (easier to do the maths): He meant that he has 10 Bitcoins, worths $100,000. He sells 5 bitcoins and he will still have $50,000 worth bitcoins (5 BTC). If the price doubles (goes to $20,000) then he will have same amount in fiat ($100,000) like in the beginning and using the original price ($10,000) it worths 10 BTC again.
The problem is that you can't count always in fiat when you talk about BTC, it's just not as simple.

That's right
"The problem is that you can't count always in fiat when you talk about BTC, it's just not as simple."

$$$sparkles$$$

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Activity: 350

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Quote from: niotib on December 29, 2017, 08:53:36 AM

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 actually how investment works. We need to take out the capital we initially invested from the equation and roll over whatever profit we got from that capital. In this way, there is zero possibility for loss because we took out the amount we started with. So we are now working with whatever profit we made. This is when the fun starts because everything we will be playing with, whether the price goes up or down are now all profit.

RolandoBTC

newbie

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Many people have different ways or tactics of life,if what do you think its a better idea then go,if your just hesitating hold for a while then wait for the right time..

samvel86

newbie

Activity: 294

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In life, there is always a risk, especially if you are going to invest in something. I think you do not need to focus on the remainder, but vice versa for the whitewash. Then you will know exactly what to do. This is advice and you decide where to go.

whaawh

sr. member

Activity: 714

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Quote from: dvillier on April 18, 2018, 02:51:17 AM

I won't be in support to offer your bitcoin at the present time as cost of bitcoin is expanding increasingly so don't lose your possibility revenue driven attempt to get some bitcoin spare as opposed to offering it, bitcoin is great just to hold for long time as along these lines you will gain high measure of benefit, on the off chance that you need cash you can utilize money just yet don't offer your bitcoin, as much as you will spare you will get benefit toward the end.

in any case today it is quite dangerous to invest in Bitcoin your funds. It's better to use the Bounty Company to get a token to collect the start-up capital and buy Bitcoin in this way. I think that this is the best way to realize your investments.

jhonnydeep87

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If you do today can be profitable for tomorrow, then do it now. People's strategies are different and I love taking profits through trade and investment and I am comfortable with it. Cool

Aviney

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Quote from: niotib on December 29, 2017, 08:53:36 AM

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?

Bitcoin price is rising up in rocket speed and penny-pinching mind is always yelling that hold.. carry and hold your Bitcoins. Don't convert to fedex or spend them. Although, there's a huge risk... what to do?. This can be a question somebody asked myself today.

I didn't answer at him, but, thought deeply about that and got the following head.

If you've 10BTC convert 5BTC into fiat and delay until the remainder is reaching to 10BTC and do the same again.

Is this a helpful advice?

CODE200

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Activity: 1484

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Quote from: niotib on December 29, 2017, 08:53:36 AM

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?

For me I think that is also a good idea because while you keeping on holding and waiting for the upcoming bull run it is better to making safe some of it so you ca have already a secured money and even if whatever happen you'll be secured. That strategy is to having your investment a security purposes. It is slowly movement but there are surely profit so for me that will be a better idea.

Sexie

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Quote from: niotib on December 29, 2017, 08:53:36 AM

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?

Something good to know about selling bitcoin. Why not, if you really need cash immediately, you can sell just a part of your bitcoiin or hold the other part then Sell it again next time when the price is right . If you can hold it unti you reached the desired price then hold . It’s all up to you man. We can not intervene t9 your decision. If you think you will get lost, then hold, if you think you can do it next time ,then, release. There is no harm in. trying, there could be next time.

dvillier

member

Activity: 238

Merit: 57

I won't be in support to offer your bitcoin at the present time as cost of bitcoin is expanding increasingly so don't lose your possibility revenue driven attempt to get some bitcoin spare as opposed to offering it, bitcoin is great just to hold for long time as along these lines you will gain high measure of benefit, on the off chance that you need cash you can utilize money just yet don't offer your bitcoin, as much as you will spare you will get benefit toward the end.

kiemponxs

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Activity: 462

Merit: 100

Yes, that's a good suggestion and I also do the same thing, if it is bitcoin up and its time is right to sell it. I always sell some bitcoin I have, and hold some bitcoin that I milki, until the price rises higher.

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