Post
Topic
Board Economics
Re: I have 12 BTC in my Account, How should I invest this??
by
600watt
on 26/02/2017, 13:34:29 UTC
Advice, tips, speculation please.

OP posted this when price was around $450. today it is @ $1147. that is +250% in 10 months.

first sentence in first answer nailed it:
Keep 12 BTC and wait... Cheesy




Yeah. If he still holds his Bitcoin upto now, he will probably earn more than 250% from his capital. Have you seen the utility of bitcoin yet? That is why i will keep hold my Bitcoin for another 4 years. I am very exciting to know that Bitcoin have crossed over $1000. Damn it. I should buy more Bitcoin.

that is sadly why we all end up doing. we just turn into 100% investors who just hold bitcoin to sell at some point and take the fiat to use. and bitcoin stops being a currency if we continue this way and price will also take a big hit if this happens.

op clearly asked for investment advice. if we all stop investing in btc, what do you think would happen to the price? another important point is that in order to reach mass adoption, price must be way higher than now. so no, not sad but good. if price is high, utility will develop.