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Re: If i give you 10 BTC what will you do?
by
torrentheaven
on 12/08/2016, 14:42:12 UTC
5 btc I will sell when price reaches to $1k and rest 5 btc I will save for the future hoping to earn much higher profits in future, its better to play safe and not take risk of investing it somewhere.
indeed save for long term bitcoin is very much better than gambling or else way but the main problem for long term holding is we never know in what year bitcoin will reach $1k or above and it takes more patience to waiting your target sell because for me waiting is the boring time in my life and currently long term holding doesn't suitable any longer for me



That's true holding for a long time is not guaranteed that you are going to earn from it. But if we are going to base it on what happened for those bitcoin millionaires it is the way that they did on how they did became a bitcoin millionaire. Well it is also good to consider that holding that amount up to your satisfactory price.
from my point view eventually holding will give you an advantage during bitcoin keep exist and you can be patient until prices rise above the price before you buy it.

Holding will give you an advantage only if you know what is the right time to sell your coins, sell it when you are making profits rather then holding it too longer.