Please remember that we are still below the peak exchange rate, which was reached in 2013 December. Those who purchased their coins then are still at a net loss. But it is party time for those who bought them at $200 per coin in 2015.
Does not we had a new ath? So it should be those people who bought at the latest ATH is at a lost atm, but well i believe they will see a positive signs since Bitcoin is incline to price increase. Smart contracts for BTC is coming, I suppose I read that in an article and will happen somwhere in June. This will push BTC up since the hype.
An investment 12 months ago would definitely return 2.7 times ones investment
If we compare this with what we can earn with fixed deposit in banks over year, we can clearly see an advantage of holding crypto/bitcoin over fiat.
That's why i am putting whatever cash i have into bitcoin for long term holding, why to help your local banks to make profit with your hard earned money.
Just want I thought so. Bitcoin is for long term investment, not instrument for a classic dump and pump coin. So saving bitcoin from now on is very profitable. Maybe a lot of individual is doing this already that's why the price of bitcoin is rising up every day.
Definitely if we hold Bitcoin for a long time, we can see price soaring and the Bitcoin value we are holding will keep on increasing. I hope that the prediction of half a million in 2030 will happen though I know it is kinda a wishful thinking.