Post
Topic
Board Economics
Re: bitcoin benefit of saving for a long time?
by
lionheart78
on 02/05/2017, 20:38:53 UTC
I started buying bitcoin at 650 dollars last year. It's been a great ride so far. Now I am trying to party with the alts to make my crypto ride even better.  Grin
Saving bitcoin for long time will benefit more but I think it depends on individual approach to make big profits. One can easily make more profits by through watch of the market and take right decision at the right time while other will wait for long time for price boost. For me it’s a good practice to watch the market and take appropriate decision and the right time.

I agree watching the market is mandatory if we want to play with the fluctuation. But if we are in for a long term, looking at it from time to time is enough.  We are not selling our BTC any time soon so it would be a waste of time looking at the market movement every minutes.  Aside from that long time holder is not affected by day to day fluctuation.