Post
Topic
Board Economics
Re: bitcoin benefit of saving for a long time?
by
Fulmand
on 16/11/2017, 10:04:17 UTC
I do not think we can get a huge profit in just over 3 years, compared with a mutual fund that takes at least 10 years to get 200% profit or gold that takes more than 25 years to get 100% profit.
WEll, I believe that investing your money in Ethereum will give you a better amount of money here. Bitcoin can not easily increase 100% anymore. But ethereum can easily x3 of its own price. Look at the current price and you can see the potential inside Ethereum. Moreover, bitcoin is soon becoming a form of investment and it will have no use in the future but to become a online property

Bitcoin is already an investment for majority of people and now they are not willing to use it as a currency which they were spending in the past and now the main intention of people is to save their bitcoins for a long term to make huge profits from it but the fact is that if you want to make best profits from bitcoins then you need to hold it for a very long term and on the other hand ethereum can give you best profits in quick time.
You are wrong, I do not think Ethereum can gives you good profits than Bitcoin in past days.
The price of Bitcoin has increased again from $5,500 to $7,000 within one week.
While Ethereum just keeps its value around $300. Wink


People who hold bitcoin for a longer time let's say for example those who saved bitcoin since 2015 are now enjoying its benefits because since then the price has jumped off more than triple of its price before. it is better to save bitcoin for now because in the coming days it will surely increase and the price will surely satisfy your financial needs.