Re: 10 main mistakes of Bitcoin newbies

Great article for us, I will keep holding instead of short term trading, long term holding is the most profitable thing, we don't need to do anything.

I think hold also need a couple of things you should do before selling make sure that the highest price
so you do not regret it because it is very possible after you sell even price be higher

I agree that holding is the best way to get the most out of Bitcoin if you do not know how to daytrade. The only problem here is when to time the highest possible price if you wanted to exit or convert your Bitcoin back to fiat money. But I think a x5 x10 profit is not bad but I guess it really needs a very long time before Bitcon can reach $5,000.

If you are waiting to sell your bitcoins at the price of $5000 then you really need to wait for a long time as we don't know whether it will actually happen or not and if it happens then what would be the exact time to achieve it so if you are looking to make short term profits then its always good to go for altcoin trades where you can take advantage of every pump and dump in order to make good regular profits.

although the bitcoin has the potential to reach to that price, but i think it will take a lot of time. i think it will take decades to reach to that level, because the price of bitcoin is trading in 1235 USD in current time.