Just got some tip from a market expert in our bitcoin group in facebook. Even with the price of bitcoin going up don't be greed to sell it out in our currency. Much better to keep it for now and patiently wait for a big break. Plus if you don't need money for now why cashouting btc quickly. Well looks like Im going keep btc for now rather than spending.
I was often so. I do not need the money but when I get bitcoin I always exchange it directly into money. true what you say, a little patience and wait for prices to rise, and it now happens I am quite sorry to have to sell when the price is $220
Well experienced is a part in a market world. Its just that Im confused of what will I do in my coins. That's why rather than to be confused I seek a guide from most experienced users.
All newer users should be acquiring as many coins as they can at these lower prices (nearing end of bear market) and making sure you're set up nicely for another future rally. Most don't know how to trade so the best method is to take available fiat, get your coins and hold. Or, earn coins by offering services to earn them from others around here. Sig campaigns are pretty good, might as well get paid to post here if you're going to do so anyway.
Why would you suggest all new users to buy as many coins as they want? Would you suggest the same to your brother? I would never suggest that because even when you believe strongly in the future of bitcoins, its still not a secured future. On top we know that buying bitcoins was a bad decision in the last months. So i dont see why you arent more cautious with that suggestion.
Pumping bitcoins, fine, but i dont see where you get the confidence from that the price wont drop considerably anymore.
well on my jump into here not to p/o anyone only imho if you think as your bet that LTC will be able to do these 2 things into the future
1) survive as an alternative to bitcoin at the traditional say 0.006 or so (my cut off point) to BTC thus if BTC goes to 1000 usd at worse LTC is 6 bucks...but the coin
and all pow scrypt coins will have to survive as the bet imho (remember no real commitment on any new scrypt pow asic miners now ...eventually if pow scrypt coins
like LTC/dodge etc are to survive (not just LTC) then this will have to be addressed as old equip goes off the other end as electricity/difficulty comes into play in
the future (again imho just saying)
if you accept 1) as being likely or true
2) Will the halving have the effect of at least leveling off the LTC price to say 6 bucks from its previous 3 bucks ..due to such (perception wise if no other reason) thus
again making this coin keep the at least 0.006 LTC to BTC yoshi to mario's historical connection to BTC?
IF so and again I say IF so...then buying coin is wise indeed ..again only what you can afford.....
if you think alts are eventually gonna go away and after the pump because of the halving LTC and maybe other pow alts are gonna dump down to 1.40 say for LTC as an
exmple again ..then run away from all this
people with miners (titan(s)) etc like me ..have other considerations .ie we are already on the sled making good time down the hill..as to great finish or spectacular wipe out
I've no clue ..but we paid for the sleds so we probably kinda/sorta have to ride them (ie mine)
as to others just looking at this from a $$$ to LTC point of view...well......that involves the decision on if you want to buy your own sled and take your chances
anyway ..the above is what keeps me up at night? and/or my usual should I sell/hold/sell some/sell none week of bi-polar miner angst!
so far anyway mining like hell and hoping that 1) and 2) above is how it seems (yeah how likely is that gonna be the case considering the source ie me
)
and to think I was bored and gonna put up the old game server again before spring of 2013 ...before I found out about Bitcoin ...sheesh
I miss the innocent boredom of 2012! Too much frigging crypto drama!