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
Still it will be a good decision if we can hold our bitcoin. No doubt that people have got more than 10 time profit as compare to the origional value of bitcoin but i think that still it can give us a good profit if we will mange to hold our bitcoin for some more time. Because bitcoin still has the potential and its price will continue increasing for a long time and even those people who will invest money in bitcoin right now they will also get a good profit after some time. Therefore i think holding bitcoin will be a good decision in present time.