Quote from: cryptojumper on May 20, 2015, 05:44:09 AM

Quote from: pooya87 on May 20, 2015, 03:38:19 AM

Quote from: Enfield on May 19, 2015, 05:59:00 PM

Quote from: randy8777 on May 17, 2015, 06:53:42 PM

i decided to keep holding my coins a bit longer. it always feel better to spend coins when their value has gone up. at this point there is not much that i need. so holding is the best option.

I think the best bet is to hold long term. Hold for a couple of years at least and your bitcoins should hopefully have far more purchasing power then then you can live like a king on bitcoin Cheesy

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you can not say for sure that bitcoin price will go up like how it did before, i mean like $1000. and i think just blindly stashing coins in the hope that you would become a millionaire is not a good idea.

i myself am holding but i also try to spend, trade and increase my coins and not just sit on them.

Why it's not a good idea? To become a millionaire is not a good idea? If you don't want too much risk or if you don't plan to cloudmine, trade BTC or alts or maybe don't want to know anything about crypto at all at this point it would be quite understandable and maybe a good move to buy some and hodl some. If you lose it, you lose it, but you can become a millionaire Tongue

what i meant was that it is not right to have this mentality that if you buy bitcoin now at price of lets say $200 and put it away, you are going to be a millionaire after some time.

bitcoin is not meant to make people rich.

it is money and you can earn and spend and trade it, just like any other currency but with cool features.