People borrow to buy Bitcoin. They make profit, they sell, pay the lenders back, then repeat. If you're good, you make a lot of money. More than just holding your few Bitcoin for a few years (unless there is a large, large increase).
There will always be traders taking profits, shorting, etc. If you choose to just hold, I'd recommend buying a little every so often in the dips, and selling at the massive bubbles, then re-entering when they pop, and accumulating more, and repeat. Blindly holding through a 2 year down trend isn't the smartest. You can place your money elsewhere and see gains. Now is a good time to have as much as you can afford to lose in Bitcoin though, and it looks like since we are breaking the downtrend, the smart investors are coming back/coming into for the first time now that they see the potential of large percentage of gains. Mind you, they will have a target, and we will see sell offs, probably one large one, and a few $10-$20 ( or more depending on volatility) sell offs a day/week, before the real bubble erupts. Have an exit strategy, so you don't see your worth go 10x+ then back down to the same.
Topic: will the rally of bitcoin price continue? (Read 601 times)
im especting to get to 300€ till end of december but rumble of christmas can come soo we wait and see if gets to 300€ 350€ 400€ into january its the sell a bit time never before but i need to buy a christams buy
UPDATE
Exactly ! I'm not sure about the others , but I personally won't be selling anything . People should learn the lesson this time instead of doing the says errors as before . I mean yes they can make profit now if they sell , but it won't be anything close to what they will get if they sell in few years later .
It's ok if people take profits when they make 10-20% profit, but why not waiting a few months and make at least 50% profit? It might be fear as they think, what if I don't sell and the price starts going down again?? It's all about making the right decisions and patience.
Exactly ! I'm not sure about the others , but I personally won't be selling anything . People should learn the lesson this time instead of doing the says errors as before . I mean yes they can make profit now if they sell , but it won't be anything close to what they will get if they sell in few years later .
Guys. Bitcion's price is increasing a lot these days. It is a good chance to make a good profits. We need to buy bitcoin before too late. But do you still remember the crash in 2013? Before we invest our money in, most ppl wouldn't keep long just speculate it for a big profits, we need to think carefully. Just look at this great article.
http://coinour.com/index.php/2015/10/30/will-the-rally-of-bitcoin-price-continue/
http://coinour.com/index.php/2015/10/30/will-the-rally-of-bitcoin-price-continue/
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