Post
Topic
Board Economics
Re: Is it a good long term investment to buy 1 BTC today?
by
jaysabi
on 16/10/2016, 11:43:31 UTC
How safe is it?
According To me Its Not Safe to Invest Your Money Into Bitcoin For Long Term Because Bitcoin Price is Not Stable And You Can Lose Your Whole Capital If the Price Crashes.....
According to me Instead Of Investing Your Money In Btc For Long Invest it For Short Term So You Can Hope To Make Some Profit.....
But for me , although bitcoin's price is unpredictable and seems fluctuate holding in long-term is good. Just often check the bitcoin's price and if you think you can get profit you can sell it afterwards and buy it again if reach your preferred prices.

Buying and selling on regular basis is the best way to play with your coins instead of holding them for long term as we don't know that holding will be profitable for us or not as it will totally depend on the price in future.
You have to be a day trader to be able for you to grow your money easily, there are a lot of technique to make money doing trading and all you have to do is just to educate yourself and you can start earning.

And day trading doesn't even guarantee a return. You're taking something that is already speculative and extremely risky (buying Bitcoin) and adding even more risk and speculation on top of that by trying to day trade, which honestly the vast majority of Bitcoin holders haven't the skill to do. Most people day trade by randomly buying and hoping the price goes up. There's no technical analysis, and on top of that, I'm not sure your standard technical analysis carries over to crypto trading too well.