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Re: Are you buying bitcoins? Why?
by
zodin
on 16/08/2016, 19:52:17 UTC
buying bitcoins is for get profits from make trading with altcoins
also for future investment still believe bitcoin price will more high & high future
buying bitcoins is a long term strategy to make a good profit
I'm guessing most bitcoin users are buying/holding bitcoins for profit in the long run because looking at the past, we can obviously see just how much bitcoin has gone to. In the near future, bitcoin would surely be of higher value that what it is right now.
To earn higher profits from it you should hold it for long term, as price will be beyond our imagination in next 5 years so if you can afford to hold till that time that it will be the  best financial decision of your life.
I just wish no emergencies will come into my life like something that I would be force to spend my savings and even my investment at worse so I can keep my bitcoins for that longer period of time, actually 5 years is a good number of years to wait so I believe the price would better that time.

Yes 5 years is an descent period to allow bitcoin to reach to a new heights and if you successfully hold it for that tenure then you can surely make good profits from it.
If only I was able to buy bitcoins right when I first heard about it way back in 2010, I would have had millions by now and most probably would have been living a wonderful life by now.

That's true we are bit late in bitcoin world, if we had been early adopters then things would be different at this stage but still I think this a good price to buy if we can hold it for long term.
yes it is right to say that we are a little late but  i think still we have good time to invest in bitcoin, because to me the price of bitcoin is still very low and it has a lot of potential to increase, i am hopeful that at the end of this year the price of bitcoin will reach to 12000 USD level