Saving BTC is another form of gambling with bitcoins , in year 2013 some people bought BTC at 990$ and thought that would rise rise and rise but it fall from then and have not reached near to that till now , if they would had sold then at 1000$ they they ould had made some profit but they thought that BTC gonna be high in future.
I am not saying that holding bitcoin is a bad idea but i am saying use your wit and buy/sell them from time to time.
I am not saying that holding bitcoin is a bad idea but i am saying use your wit and buy/sell them from time to time.
Really bought some bitcoins with that price ($900). Yeah buying some bitcoins and hold it. Is better to just buy when bitcoin is cheap. So that you can't lose so much money.
Hahaha and yeah bitcoins is like gambling, but with this you highly win more money with it than the real gambling
Bitcoin isn't like gambling. The way people invest in Bitcoin can be considered gambling. It has all to do with the people being fault here, and not Bitcoin. All investments have a certain risk, but if you invest wisely in Bitcoin, then the risk is very minimal, and you'll make a decent profit.
People are stupid if they buy at a peak and think it will go even higher. They are chasing quick not realistic profits. Don't blame Bitcoin for that. Blame the people.
They invest in it because they think they can make a quick profit and are not in it for the long term.
I think bitcoin is only good to invest into if you're going to be in it for a long time and not just for a second.