Post
Topic
Board Economics
Re: I'm not gonna sell any coin.
by
adibe
on 25/08/2016, 01:00:22 UTC
Im investing small ammounts of bitcoin into some altcoins that i believe are under the real value, soo i will hold them till end the year atleast and then i will think what i will do if sell or wait a bit more, usually the savings returns good profits and almost without risk.

Holding it till the end of the year is a good thing to do as everyone is expecting higher price in the end of the  year so if we sell at that point that it can be really profitable.

What is your assurance then that holding it till the end of the year will give you good returns? Yes there are really lots of expectation but expectation alone will not make the bitcoin price increase. That's not how bitcoin price works for a higher price.

What if there are really big fluctuations of price increase months before the end of the year? Will you just watched it?

That's right, we cannot do anything else except expecting higher returns and just expectations wont make it reach where we want it to, but adoption and investing can do that thing, so we should always be active about the price and when it is going drastically down we should immediately sell the most of our coins and hold just some of them so that we don't lose all the profits.
for now we will never face or seen the price would drop drastically, at least now we have many support like some big company has thinking would accept bitcoin as an alternative payment.

Yeah the price now is becoming on a good price stability so that's why it is better if you are not going to sell any of your coins especially bitcoins. Because if you want to earn you are going to hold until the price is going to be at good range maybe to $800 - $1,000. If the price is going to reach that then I am going to sell already my bitcoins.

It will takes long time to wait until the price of bitcoin reach $800-1000. For me, it's better to sell my bitcoins after i received my bitcoin, because i don't think the price of bitcoin always rise.