Hey guys,
In order to benefit, will I have to cash out bitcoin when it gets high? That would mean i would have to sell it for dollar or other currency.
When i am buying online with coin, if it says the shirt is for $25, will they calculate how much $25 is worth in BTC at the current market rate or
how much it originally started with? If its at the current market rate, then whats the point of bitcoin if i am not profitting?
The trick is for the long run. Imagine if you managed to get in an held btcs from last year? Your investments would've been almost 10 times its original value. For me, if you really nees it, then withdraw what you need and keep everything where they are
The profit of the bitcoin depend upon on your investment in the bitcoin and also it depend on the time for how long you hold these bitcoin. If you make high investment and hold your bitcoin for a long time then your profit will be definitely high. If you invest low income in the bitcoin and hold them for long time then it will also generate a good benefit but if you invest a low income and hold fir a short time then you profit will be low or may be not profit.