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Re: should i save btc for future?
by
chaosknight
on 13/05/2016, 11:46:09 UTC
It would be perfect if you are going to save some Bitcoin and that is because there are also more people that thinks now that the value is going to rise as soon as possible.
But it can takes a long time until the value will be more and not everyone has the patience for it to wait such a long time.

Yeah majority of people lack patience and they get panic and sell all their coins when they see price is going down, but the fact is that we need to hold longer to earn good profits.

You can never gain profit if you don't trust your investment, the ups and down of the prices is just normal as it is still in the volatile stage, and that what makes the day trader richer taking advantage of the price. If we want a long term investment then we should hold bitcoins until our target date and never panic because bitcoin is nowhere to go but up.

Yes and I think we have waited long to see higher price and  now its just a matter of 3 more months, so even if price falls now we should not get panic and wait until it rise again.

If there is no big news about the bitcoin, the price will rise to around $500 at least in June or July.

$500 is expected to achieve at the end of this month, but we cannot be sure whether it will achieve or not, as its really difficult to predict anything about bitcoin.