Just imaging that if you're buying Bitcoin 5 years ago , it's just 100$ for 100 Bitcoins. But it's now 12k$ per Bitcoin. You see the profit ?
To make it short, you'll earn huge profit when you hold your bitcoin for a long time.But of course saving it for a long time doesn't guarantee you to earn huge profit. Bitcoin price before is quite low, so if you bought bitcoin before, and hold it until now, you'll surely earn huge profit. But if you're planning to buy now and hold it for how many years, I don't think you'll earn huge amount since bitcoin price now is really high and it keeps on fluctuating. Maybe altcoin is way more profitable in holding it for long a time and not with bitcoin. Bitcoin for me is profitable when you hold it in a short period of time.
We dont know yet what the next move of bitcoin in the future mate, but I'm quite sure that it will be more valuable as the time passes. So I don't really agree with you that only for the short term technique could you make earn big profit from bitcoin because I beleive that holding for a long-term in bitcoin is the best way of investment among other coin especially into altcoin which you're preferring for.
Well as you've said, we don't know what will happen to bitcoin in the future. Holding bitcoin for a long period of time will give you either positive or negative effect. It's either you'll earn huge profit or you'll going to lose your money. You have to be wise as to when are you going to keep your bitcoin. You have to set a target price as to when are you going to sell it. Coz if you'll just keep on holding your bitcoin in your wallet, and keep waiting for the price to reach its highest peak, tendency would be, you'll lose your money coz bitcoin price keeps on fluctuating.
If bitcoin price now is really high now, and you still choose to hold it, there's a high chance that it will drastically drops. You have to be open for all the positive and negative that might happen to bitcoin.
By the the way if i decide to hold for a long-term well I dont keep on my mind on it, the fact that i know that bitcoin will rise more where we just notice now that the more year passes the more bitcoin will get high on its value.
Well, I don't really mind about the possible negative happen into bitcoin coz I'm not like others that we calls negative thinkers that seems like you because I'm a kind of guy that always think positive for every step i made.
Its not about being a negative thinker, but it's being preventive. Being preventive of the bad things that might happen to bitcoin price in the future. You just cant ignore the possibility of losing or your money. Were talking about money here. If you dont care of the possible negative effect of holding your bitcoin for a long period of time, then so be it.
One more thing, you're not being optimistic here. You're just seeing the positive effect when in fact that you can't avoid the negative side of it. You just can't accept the fact that there are circumstances that will not happen as what we wanted to be. Anyway, I'm gonna leave you here. I'm not gonna stoop down to your level. We are all entitled to our own opinion.