Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
HankTheTank
on 25/09/2017, 08:24:16 UTC
I think holding bitcoin is a good idea because it is a big chance to increase its price and you can have a good profit maybe
hold just is not right, the bitcoin selling price is very volatile, you cant just hold ? if you hold and bitcoin prices down, what would you do?
Holding and also selling when the price of bitcoin goes up, he just forget to say also to sell when the price goes up. But holding coins even if its price are low is ok, you'll just wait again to increase its price.
You right, selling when prices rise and holding when prices fell, but as it sometimes does not correspond to expectations, then we must continue to monitor the price bitcon to be able to know when to hold and sell
Just keep monitoring on bitcoin price and just earn, don't get affect if the price goes down, just keep earning and wait until the price of bitcoin goes up, Don't depend on its price ,depend on its value.
should not be affected if the price drops, patience is the key, usually we fear if the price drops and reflexes to sell all bitcoin
Hahaha user's problem, they got panic if they saw that bitcoin price is going down. But we all know that bitcoin price is temporary and its stability change anytime. Just have a long patience when the price of bitcoin goes up again.

That panic problem is for beginners who rapidly invest so much money in a certain coin the suddenly his/her coin decrease immediately. The problem is beginners does not have a good analysis before investing because they are just new.
I can agree with you on that but you can also learn if you invest in the wrong coin you can learn a lot from it like you should never invest in it again and in which one you should invest that is how we actually develop our knowledge of coins.