Post
Topic
Board Economics
Re: bitcoin benefit of saving for a long time?
by
Sled
on 24/04/2017, 04:59:25 UTC
Bitcoin were good if you save it for long time, because bitcoin had a high possibility to up the price/value in the market place. Even from now it was fluctuating I was still believe that it was getting high in the future.

It's why I keep on saving because I experienced by myself that if I'm going to hold bitcoins any further this is going to give me an assurance that it will give me a better life in future. And I managed to have while the price is lower at $600 and right now, I can see that the price is really good, so the more bitcoins you'll hold the better.

Saving bitcoin for future is a good thing to do but I will not hold them for a very long time as there is no guarantee that price will go higher in future so I will prefer to sell them when its giving me enough profits as I can buy them back when price drops again in near future.
Yes that is right because we can't predict the future and the only thin g we can do is to sell our bitcoins when the price is enough for us and it meet our expectation already. We don't need to wait and hold for a long time because there is some scenarios that can affect the price and make it very low which is considered a loss for us.