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Quote from: dihari on March 04, 2017, 07:23:21 AM

To answer your question, I will tell you something that good to try.
Last year, my friend tell me he buy 3 btc when the price is worth $700. He said he just want to save his money in another place, not bank. So bitcoin is one of any choice to save money. But what happen now with the price? Now, bitcoin worth to $1200+ and his money is grow. It is same like investing money in the stock.

This is a very nice and colorful example of what is worth buying bitcoin, thereby investing in their future well-being. Only one question oppresses me all the time, how long bitcoin will rise in price? I would not like to lose. While I understand that investing is always a risk.

it was because at that time the price is still relatively small but this time the price is already very high certainly everyone will think buy many bitcoin at current prices including a very risky practice?

Yes it is, Because we are not know when the big red candle of the bitcoin will be happening in the future and i think this is very risky to buy a lot of bitcoin right now. Just watch the price and grab more with the low risk way.

I totally agree, the future of the bitcoin is still yet not clear, I mean for the next 10 years, is the bitcoin going to still be here, so it is not really wise to dump a lot of money into it, bitcoin is good only when it is at a high price otherwise you are wasting your money, so you need to buy smart when it comes to saving it.

There is a big question mark on the future of bitcoins as no one is clear what will happen to it in future so try to make profits from it till its alive instead of holding them too long so sell them when you are making profits and buy again when price drops.

Short term trading or selling your bitcoin now and buying from a price drop is capable for people who are active in the market and those people who likes to play the market in daily basis and they are called day traders. Even though we didn't know what will happen in the future, it is still better to hold it for long term because you or we already see the bitcoin price chart history from the start until now and it says all that long term is always a good idea.

Different people thinks differently, people who wants to make quick profits will never prefer to hold them for a long term as they will miss an opportunity of making profits but people who treats bitcoins as a long term investment would not bother about short term pumps and dumps and they will prefer to hold them for a long time to make higher profits from it and to hold them for long term or not will depend on the mentality of a person as how he views bitcoin as a form of investment.