Post
Topic
Board Bitcoin Discussion
Re: what will you do if the bitcoin exchange rate is pennilished?
by
CodyAlfaridzi
on 30/10/2017, 04:58:42 UTC
The bitcoin exchange rate continues to increase and will surely continue to increase along with its reputation.
As a user how do you respond?
1. What do you fear if the bitcoin exchange rate goes down?
2. Do you continue to use bitcoins or vice versa?

I'm not really scared of Bitcoin price going down. I hold my Bitcoin for long-term investment, and small daily fluctuation will not matter much in the long term. Even when Bitcoin went down to $2900 from $4000 in September, I didn't sell any Bitcoin, and I'm glad I made that decision. Last night Bitcoin made another all-time high in $6300. I'm still not selling.

Even if the price goes down significantly, I would still hold it and use it as usual. There is no other payment system that could match Bitcoin performance. Moreover, Bitcoin is arguably the most widely accepted digital currency for online payment, besides Paypal. Almost all services that I use often also use Bitcoin as their main payment system. This situation is heading to even better future with the Amazon Bitcoin acceptance.