Quote from: Schuyler on April 26, 2017, 07:49:30 AM

Quote from: amacar2 on April 25, 2017, 06:00:30 PM

Quote from: Vasu Dev on April 20, 2017, 05:58:11 PM

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.

As I remember around this time last, the price even touched the $400 level at some point, and if I only held what I bought at those levels, I would have made a lot of profits, tons of it. But then I sold too early, and never really had additional funds to buy some significant amount when the price stayed at the mid $600 range.

That is a risk we all take. It might make sense to hold for a long time, but eventually we have to spend our bitcoins.
Spending it over a period of time decreases the risk of missing out on any large upsurge.