Why is a constant rise in the price of Bitcoin, important? - page 7.

putra daerah

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Quote from: EnricoGomez on June 06, 2018, 02:35:02 AM

The constant rise in the value of bitcoin is important basically to cash out, you would want profit from the amount you have invested - you literally just wait for your money to grow and the only effort you need is to acquire more knowledge to sufficiently and effectively manage your coins.
Growth of the value of bitcoin also increases its popularity attracting more investors in the game.

yes I agree with you, the increase that applies to the consultant gives a good impact for us coin holders in order to get a huge profit.
and can change the lifestyle and family economy.

ChrishAi28

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Quote from: KeijiN on May 17, 2018, 01:40:46 AM

If there will be things like that, we will prefferably choose to buy bitcoin, knowing that it will grow, like some bank deposit.

We will not know if it will going to grow in the future, buying bitcoin and any coins is a big risk. Invest and buy then wait, thats is all that you can do. If it grows then it a celebration then if not just accept you loss. Buy again another until you gain profit.

Thanasis

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Quote from: FiveReels on June 05, 2018, 04:21:36 PM

It is important for me because I am bitcoin holder, I keep holding it since the time I met bitcoin, I am also optimistic that bitcoin is the answer of all my problems financially, This is my only hope to get out from poverty, Bitcoin is a good source of income. As the value will rise, It is advantageous to my part because I gain profit from it which I used to support my needs.

Most of the people are holding the bitcoin for this purpose but there are lot of traders are doing this as their profession so which makes the prices to swings a lot.But bitcoin was found to be used as an currency so it needs to have a constant value if it needs to stay long in this for usage.So people start holding them which helps it to have constant price.

richmcrich

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Okay… you must have been into this business of bitcoin/cryptocurrency for a long time and I believe that you have seen a lot of people mention the word hodl. Hodl is about holding your investment till it yields you something bigger right? Good.

That is also the main reason why big investors usually come for Bitcoin to manipulate the price and make profit out of it, and if you’re smart you will be able to make something from the pumped price too. So come to think of when there is no more volatility to the price of Bitcoin… do you think anyone would be interested?

Betwrong

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Quote from: Kakmakr on May 16, 2018, 02:02:06 AM

Quote from: Don Pedro Dinero on May 16, 2018, 01:37:42 AM

I am not really sure I get your point here. If you have an initial $1,000 invested, and you get positive returns every year, how can you end with just $100?

I do agree in cashing out from time to time, especially in ATHs.

This should not be too difficult to understand. You buy at say $1000 in year 1 and the price drop with 50%, then you are left with $500. Then it drops with another 50% in year 2 and you are left with $250 of your initial investment.

If you invested that $1000 in some traditional investment and you received say 20% in year 1, then you would have had $1200 by the end of that year and $1440 in year 2 and so on...

The best strategy would be to take profits in whatever year the price of Bitcoin reach a ATH again, to secure your profits. You should not just follow a blind "hoarding" strategy, where you hope that the price will be much higher than what you might have received from an investment in a traditional investment with a fixed return.

I took profits last year, when the price skyrocketed to a ATH, so my profits are locked in. <800% in 1 year> So, even if the price decrease now, I would still have recovered my initial investment with some good profits. Wink

I can lose all my money invested into Bitcoin now and I would still be in the green, because I cashed out the profit on a ATH. Grin

Well, I guess you were very lucky and I sincerely congratulate you with that, but imo it's from very hard to impossible to follow your advice from the OP since we never know when the the price will stop rising. For example, in May 2017 the price reached ATH at the moment, US$1,402, but was that the right time to cash out? Certainly not. And the thing is that we can say this only post factum. Many people cashed out in May 2017 and were regretting their decision several months later.

Nevertheless I think you are right in a way. If they bought at $300-$600 and partially cashed out at $1,400 to return the money they invested, we can't say that anything bad happened to them because their investment in BTC was profitable overall. It's just the question of how much do you want to profit from your investment. If someone wants to get at least any profit, in that case your advice is perfect for them.

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Quote from: xuan87 on June 05, 2018, 06:06:40 PM

Long term investment or hoarding doesn't mean that you abandon your coin, but it needs a constant watch, maybe not as often as the day trading but still it need to be watched, so if you think that the profit already suitable with your target then you can sell it, don't hold your coin until there is no value

Yeah monitor is also important to do to see if the price is already in accordance with the target price you've made. monitor is important because we know that price changes do not occur constantly as prices go up every year? bitcoin price changes do not happen like that so the monitor really needs to be done

suraza21

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Quote from: tuikindu01 on May 16, 2018, 01:27:25 AM

The rise of bitcoin is driven by many factors. In the end, the rise of BTC prices is due to the increasing perfection of its investment attributes. BTC no breakthrough in usage scenarios, but as an investment, BTC has already is an important investment target, whose nature is more and more like gold, its use value is no longer important, important is its increasingly recognized as an investment.

The rise in price of bitcoin is affected by the supply and demand. If the demand is less then the price will decrease and vice versa. It depends on the amount of btc dug up day by miners. Its speaks to the market demand for this bitcoin paradigm

EnricoGomez

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The constant rise in the value of bitcoin is important basically to cash out, you would want profit from the amount you have invested - you literally just wait for your money to grow and the only effort you need is to acquire more knowledge to sufficiently and effectively manage your coins.
Growth of the value of bitcoin also increases its popularity attracting more investors in the game.

Altcoins enthusiast

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For now it is very important for bitcoin price to be going up and the pumping did help to publish bitcoin and cryptocurrencies. I know we have to have stability in price in other to see bitcoin been adopted by business and nor profits organization. I also think that stability is still for the future and now we need bitcoin above $100,000.

Getcoinsite

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Quote from: Don Pedro Dinero on May 16, 2018, 01:37:42 AM

I am not really sure I get your point here. If you have an initial $1,000 invested, and you get positive returns every year, how can you end with just $100?

I do agree in cashing out from time to time, especially in ATHs.

Yups cashing out from time to time when hype means securing your income and your capital,in this way we can minimize our losses and maximizing our earning

This is what im doing ATH and i believe until now winning is what ive got and no signs of losing if constant

xuan87

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Long term investment or hoarding doesn't mean that you abandon your coin, but it needs a constant watch, maybe not as often as the day trading but still it need to be watched, so if you think that the profit already suitable with your target then you can sell it, don't hold your coin until there is no value

FiveReels

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It is important for me because I am bitcoin holder, I keep holding it since the time I met bitcoin, I am also optimistic that bitcoin is the answer of all my problems financially, This is my only hope to get out from poverty, Bitcoin is a good source of income. As the value will rise, It is advantageous to my part because I gain profit from it which I used to support my needs.

Dodoymabs

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Obviously, it is important because at some point those who buy at low really need to wait for the increased. With so many hodlers of Bitcoin waiting for the continuous increased and it really shows why it is so important. Also, for the sake of gaining profits which everyone wanted to.

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Quote from: Kakmakr on May 16, 2018, 01:08:26 AM

Let's say you bought a bitcoin for $1000 in January 2018.

So you have to beat inflation and also the performance of other investments to say that your Bitcoin investment was a better investment, than other alternative investments.

Let's say your inflation is 5% and your best return on some other investment is %20 per year, then your Bitcoin price increase will have to be more than %25 to beat the alternative investment.

Let's say you hoard for 5 years, then you would need a price increase of 125% to beat your alternative investment returns over 5 years.

So we cannot have a price increase of 800% in year 1 and then a price decrease of %400 in year 2 and another price decrease of 200% in year 3 and so on...

Hope you get at what I am saying. Hoarding might be harmful to your profits, if you do not cash out SOME profit on the ATH. Wink

..... You might end up with a bitcoin worth $100 in year 5. Roll Eyes

Valid point. Although I agree with your thought, I think that it is one sided. I mean, just think about it, you only made last year as an example. If you tried to make an example out of the start of bitcoin then I think that it will not agree with your point. You see, the prices has gone way up than what it was back then. Sure, if a person invests stupidly, then he will surely lose a lot of money. But if he only invests money he can throw away and just continue to put more extra to invest then not touch it, I am pretty sure that it will be worth a fortune if the history of bitcoins continue to move the way it did.

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Quote from: entrepmind23 on June 01, 2018, 06:29:47 AM

Quote from: Diced90 on June 01, 2018, 05:56:53 AM

Hard to get what you saying but you are correct once in a while we need to take out some profits to avoid feeling the pinch of inflation :- when we had the chance, you can never know if price will maintain a certain range or continue to rise...so prudence is key to having a good crypto investment.

Most people will say that they are investing in bitcoin or in other altcoins for the long term and I personally invested in it for the long term too but taking profits from time to time is the smart thing to do because we are not assured of the profits for the years to come. If we are already in profit then take some because you may end up not having profits later on. There is a possibility that bitcoin would be more valuable in the future given that people are so positive about it but as you say, we should exercise prudence and if possible, diversify our investments and not only invest in cryptocurrencies but in other investment vehicles too such as real estate.

Quote from: kimochidesh on May 31, 2018, 03:40:42 PM

The constant rise in price of Bitcoin is very important. This will help the Bitcoin with the main issue; Bitcoin can earn many investors from all over the world due to its stable rise in prices. This is what needed at the moment. Many people around the world are still afraid to invest in crypto because of its price. So if Bitcoin will show some constant rise in price it can boost the confidence of many people for investing in it.

You are right. We still need more demand for bitcoin to attract more people to use it. Price at the moment is not attractive and people are not exuberant to invest in it because price is not moving that much. Taking into account the decline from all-time high, people would be attracted to invest when it shows sign of being bullish again. But still, when you are in profit, you should consider taking some of it because there are unexpected happenings that may end up for you being at a loss than being in profit.

It is important as to give defeat to the market negative sources and to attract the investments of people towards it. The price few days ago was 7k dollar and after that 7.2k dollar and right after that 7.4k dollar and yesterday it was 7.5k dollar. Today the price is 7.7k dollar so this is the increase trend and constant increase trend and this due to the demand of people as they want to get benefit of the market. This constant increase brings a hope of a green market soon.

localcrypto

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the market should nt be stable and consistent to one price it keeps moving then only as a trader can make money and it attracts more investors to invest in bitcoin market as well

ladydark

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Quote from: Kakmakr on May 16, 2018, 01:08:26 AM

Let's say you bought a bitcoin for $1000 in January 2018.

So you have to beat inflation and also the performance of other investments to say that your Bitcoin investment was a better investment, than other alternative investments.

Let's say your inflation is 5% and your best return on some other investment is %20 per year, then your Bitcoin price increase will have to be more than %25 to beat the alternative investment.

Let's say you hoard for 5 years, then you would need a price increase of 125% to beat your alternative investment returns over 5 years.

So we cannot have a price increase of 800% in year 1 and then a price decrease of %400 in year 2 and another price decrease of 200% in year 3 and so on...

Hope you get at what I am saying. Hoarding might be harmful to your profits, if you do not cash out SOME profit on the ATH. Wink

..... You might end up with a bitcoin worth $100 in year 5. Roll Eyes

Yes.I think you are right.It would be much better if we have some profits by selling during ATH and rebuy at a down price.B it at the same time,if the price goes very high like bitcoin's ATH price of 10,000 dollars from just 1,000 dollars,then holding would not be a wrong decision.

anxioushoarder

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Quote from: Kakmakr on May 16, 2018, 01:08:26 AM

Let's say you bought a bitcoin for $1000 in January 2018.

So you have to beat inflation and also the performance of other investments to say that your Bitcoin investment was a better investment, than other alternative investments.

Let's say your inflation is 5% and your best return on some other investment is %20 per year, then your Bitcoin price increase will have to be more than %25 to beat the alternative investment.

Let's say you hoard for 5 years, then you would need a price increase of 125% to beat your alternative investment returns over 5 years.

So we cannot have a price increase of 800% in year 1 and then a price decrease of %400 in year 2 and another price decrease of 200% in year 3 and so on...

Hope you get at what I am saying. Hoarding might be harmful to your profits, if you do not cash out SOME profit on the ATH. Wink

..... You might end up with a bitcoin worth $100 in year 5. Roll Eyes

Not a bad concept, but there is a fundamental problem with it: the alternative investments at this moment with low interest rates are really bad. Not even close to 5%.

sevenbits

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Now the price is a reflection of the public interest in the crypto market. while the market is very flexible and there are many factors that affect the exchange rate. someone will say that the growth of the rate will also ensure the arrival of institutional investors in the market.

Harleybtc01

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Quote from: Irviyandi on June 01, 2018, 04:33:57 PM

Because with the constant rise of the Harag bitcoin will be beneficial for anyone who keeps bitcoin either in a lot that wants to in a small amount due, but if you've saved a lot of bitcoin and you hoard over the next five years most likely will benefit but if for example the price drops then it's a risk that you have to accept, because an investment in no harm as well.

Yes, its definitely right a constant rise of bitcoin is really important for this just mean that a lot of investors were investing and trust bitcoin. And this will also tells us that the business is good and profitable.

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