Why the future of bitcoin is brighter then any other currency in the world. - page 6.

User365

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Quote from: Yarsk on August 09, 2017, 01:15:44 AM

If you have notice recently the price of bitcoin is constantly on the increase in the exchange market, today bitcoin go for as high as $3412 and still counting high in some days to come.
So my question is when do you consider the best time to sell your bitcoin or is it better to just save it for a while considering the constant rise in price.

I think bitcoin has a great advantage above other cryptocurrencies. It is popular, I mean not popular like facebook or google or the dollar but compared to other cryptocurrencies it is very popular. So if someone new to the cryptoworld invests into some cryptoes it is likely that he will choose BTC first.

I can imagine following scenarios:
- Bitcoin will be always the king because of it´s popularity, tx speed and cost will be fixed and more features come (like f.e. smart contracts)
- Bitcoin will fall and some other crypto takes it´s place because the cummunity is not able to fix problems in enough time

both of these scenarios would be a slow process, would not happen over night but in a few months

aTriz

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Quote from: Yarsk on August 09, 2017, 01:15:44 AM

If you have notice recently the price of bitcoin is constantly on the increase in the exchange market, today bitcoin go for as high as $3412 and still counting high in some days to come.
So my question is when do you consider the best time to sell your bitcoin or is it better to just save it for a while considering the constant rise in price.

I would recommend doing something like buy low sell high, but that will be super hard to do, since Bitcoin is volatile (price goes up and down a lot) and therefore it is nearly impossible to predict when the price will go up and when the prices will go down. Holding is also what some people do, since the price of bitcoin will eventually go up and they are just waiting for that day.

I mostly just sell 40% of what I earn from signature campaigns and with the rest, I hold and wait until prices go up and sell again. Bought some bitcoin when it was only 2K and sold all of it when it was 3.2K around a couple of days back.

elite3000

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Bitcoin future is brighter than one other currency because other currencies already have millions of users and will be hard for them get new users because you can't use foreign currency in your country. And they are all the same, so no innovation

Vaskiy

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Bitcoin price is a major attraction from the common people. Now next to bitcoin ethereum has been gaining popularity which is just because of the higher price than any other digital currency. Brighter future of bitcoin is due to the multiple usage access and market acceptance rather than just trading.

TheGodson

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The question or statement in your title doesn't match the subject of what you typed about. I thought you were going to explain why bitcoin is better than other currencies or possibly ask why other people thought that way. To answer the actual question in the subject, I'd say buy and hold.

The grammar nazi in me can't resist. The title should read "Why the future of bitcoin is brighter than any other currency in the world."

Pursuer

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Quote from: Yarsk on August 09, 2017, 01:15:44 AM

If you have notice recently the price of bitcoin is constantly on the increase in the exchange market, today bitcoin go for as high as $3412 and still counting high in some days to come.
So my question is when do you consider the best time to sell your bitcoin or is it better to just save it for a while considering the constant rise in price.

if you are not a day trader then there is no good time to sell bitcoin because price will always rise before you can turn your head and look at what happened to the price after you sold. and in case you are not a day trader you should only consider the long term investment and the long term profit of bitcoin.
take a look at this topic to get the feeling of what I mean by "long term": https://bitcointalksearch.org/topic/1-in-a-million-updated-for-2018-6-1790863

if you ARE a day trade then after a big rise is usually a good time to sell and then immediately place multiple buy orders at lower prices where you think is going to be the support or below support (conversely the price that you think can be reached).

mk4

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Quote from: BingoDog on August 09, 2017, 01:19:33 AM

Now it looks like the price is constantly rising but you have to now that it doesn't have to be always like this. Volatility is natural for bitcoin ad price gets up and down all the time. That is something that people have to learn, price growth is not constant but it's not the end of the world when it drops down, this is just natural cycle. You have to decide what you want to do with your bitcoins, whether you want to save it for longer term and profit on the price growth with time or you want to trade it and spend it.

Volatility is the key term here. For some reason people just expect bitcoin or cryptocurrencies in general just to go up in price forever. And when a certain cryptocurrency would drop 10% in price a day, they will be like "crypto XYZ's price crashed, what the hell happened?", as if 200-300% rise in price in a short period of time is a normal thing.

When will I sell my bitcoin? I don't see the reason to. Isn't the main goal to get away from fiat? Then why sell? Use it in the future when bitcoin gets more accepted globally. As of now the only reason I would sell bitcoin is in an event of a emergency whereas I will be needing a huge amount of fiat.

judeafante

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Quote from: Yarsk on August 09, 2017, 01:15:44 AM

If you have notice recently the price of bitcoin is constantly on the increase in the exchange market, today bitcoin go for as high as $3412 and still counting high in some days to come.
So my question is when do you consider the best time to sell your bitcoin or is it better to just save it for a while considering the constant rise in price.

That's a very hard questions to answer, especially now that bitcoin is rising very fast, honestly I only sell my bitcoin if I really need to sell it, but if I don't have an emergency I can't attend to without using bitcoin I will not sell it and wait for it to reach $10000 or more.

Smarty14392

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Quote from: Yarsk on August 09, 2017, 01:15:44 AM

If you have notice recently the price of bitcoin is constantly on the increase in the exchange market, today bitcoin go for as high as $3412 and still counting high in some days to come.
So my question is when do you consider the best time to sell your bitcoin or is it better to just save it for a while considering the constant rise in price.

Selling bitcoins for now will not give a good profit instead try to store them and then sell once they are too high. Perhaps bitcoin will soon reach 4000$ and at that time it will be a good profit if we sell bitcoins then.Now the price is high but it will go much high according to the predictions and some research.

Yuhee

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This just proves that more and more people are getting intersted in cryptocurrency. And Btc is like the most powerful currency amongst most of them because other crypto's adjust there price accordingly. Businessmen or even government entities are starting to invest in btc in the fear that maybe clients or citizens might move there money on btc leaving theses entities in low profits. But off course btc can help a countries' economy if handled properly.

pikebu

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Quote from: Yarsk on August 09, 2017, 01:15:44 AM

If you have notice recently the price of bitcoin is constantly on the increase in the exchange market, today bitcoin go for as high as $3412 and still counting high in some days to come.
So my question is when do you consider the best time to sell your bitcoin or is it better to just save it for a while considering the constant rise in price.

I will hold the bitcoins for long time due to the trend of bitcoins price is increasing for long time about couples years later
i won't buy or sell bitcoins trading bitcoins fair fiat and i don't have plan to sell my bitcoins,
but i just traded bitcoins fair altcoins and some the profit will be hold in bitcoins for long time the best time to sell my bitcoins is couples years later not today.

BingoDog

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Now it looks like the price is constantly rising but you have to now that it doesn't have to be always like this. Volatility is natural for bitcoin ad price gets up and down all the time. That is something that people have to learn, price growth is not constant but it's not the end of the world when it drops down, this is just natural cycle. You have to decide what you want to do with your bitcoins, whether you want to save it for longer term and profit on the price growth with time or you want to trade it and spend it.

Yarsk

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If you have notice recently the price of bitcoin is constantly on the increase in the exchange market, today bitcoin go for as high as $3412 and still counting high in some days to come.
So my question is when do you consider the best time to sell your bitcoin or is it better to just save it for a while considering the constant rise in price.

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