have you got any sort of exit strategy? Or are you going to hold until the day you die? If so, what's the point in having it?
This isn't an aggressive post - I'm genuinely curious as to what peoples targets / motivations etc are.
Well, there's this specific threshold I am waiting until I cash out my bitcoins in the future. Every investor has their own plans on their investments whether for short or long-term goal and that is why I believe that in the near future, I personally believe that bitcoin prices will start to skyrocket once again after 2018. Just think of this way, some countries in Asia including Japan and Singapore are starting to see bitcoin as something that is beneficial to the society.
Singapore just mentioned that bitcoin is not a threat to their economy YET (will post the links below for future reference).
Just to add, bitcoin being a digital currency and investment is an intangible good which may be the future of payment transactions in the future. While I do believe that it is very idealistic, soon countries will slowly adapt to the digital aspect side and bitcoin may be the gateway towards this stepping stone.
I must hold my coins so tight for me not to loss money, since I can’t afford to sold it at a lower price, and also I have a goal that I need to accomplish and I believe by holding on a great coin will allow me to do that. Holding is the best thing that you can do in this market, because every coin will go up soon since cryptocurrency is our future.
I believe that almost all investors want to profit from their investments and that provides for the reason on why people hold. The exit strategy may differ from each individual but all of us have a common goal- which is to gain profit. While I also believe that holding is indeed a preferable move in the market, there are also a variety of options in order to maximize your profits by not just
HOLDING it. Here are some of my suggestions:
- In order to at least increase your profit for long-term, you may increase their capital investments from a part of our monthly wages;
- Trading may be a good source of earning extra-income but be mindful of the risks before you engage;
- Being part of a signature campaign may give you an extra-boost as it rewards you with bitcoins/weekly by contributing in the forum; and
- If you have the necessary skills under the services sector like creating signature designs or anything that is relevant to service, then you may offer them payment for it.
Link:
https://cointelegraph.com/news/singapore-confirms-it-will-not-ban-cryptocurrency-has-no-risk-concerns