Post
Topic
Board Speculation
Re: Why do we keep converting bitcoin back to dollars ?
by
Unilevear
on 13/11/2017, 07:55:45 UTC
It's almost like we don't value it for itself, but what it's worth in "real" money.
It's a strategy, if we bought bitcoin a low price we will try to hold it as long as we could until it reaches a high price and when it is starting to fall down again, we simply convert it to our local currency so that we can keep the gain we had. Then again, we wait for lowest price bitcoin can reach during the dump then we will convert again to bitcoin. It's a cycle that all of us are doing to keep gaining profits from bitcoin.