Post
Topic
Board Speculation
Re: Don't Buy Bitcoin Now - At USD6000
by
mace15
on 03/11/2017, 21:57:19 UTC
It was suggested not to use Bitcoin as asset.
Even when you acquire bitcoin as an "asset", there is a time to buy and a time not to buy.

There is the golden rule:
"Sell when others are buying or when the market is hot"
"Buy when everyone is selling or when the market is cold."
Those rules makes sense and I follow them, but right now bitcoin is incredibly hot, anything makes the price to go up, we have another fork in store and I’m sure the price is going to go up again, so your strategy is good for those holding long term but for those that want profits now, bitcoin is the best way to achieve those short term goals.
Well as long you have funds to buy more bitcoin just buy the price is soaring high. Still in the long term you can gain profit. Bitcoin is the best investment these days buy and hold in the end profit will gain.