Quote from: gabmen on February 03, 2018, 02:42:50 PM

Quote from: Silberman on February 01, 2018, 05:33:58 PM

Quote from: 1Referee on January 29, 2018, 09:34:49 PM

Quote from: player514 on January 29, 2018, 06:35:18 PM

The issue with this is that holding isn't always the best option. Holding is the best option only if you believe that after each peak, bitcoin will surpass that peak once more in the future. There will be a time where bitcoin ultimately stops going up, and that's pretty much inevitable. We just don't know when that will be.

That part of your post includes everything that's needed to be said about why holding has been the best option thus far, and still IS the best option in the forthcoming years due to the insane growth potential. I probably shouldn't have used the term always, because this directly implies that the market will always keep increasing, and that indeed can't be the case for ever. However, with what we have experienced in growth thus far, and with the potential growth that we can still gain, holding at this point remains the best and easiest way of getting that growth exposure.

It depends on what kind of time reference you are using, in the short term is impossible for the price of bitcoin to keep going up, there are going to fluctuations in the price, but if you are thinking in the long term and you look at the overall trajectory of bitcoin you see that the direction goes up, yes there are crashes but if you were to draw a line from almost any point of time to today you will get a line that goes up and that is why holding is recommended as the best strategy.

Yeah but i get the point that btc won't be there and eventually we'll all have to sell whether btc meets expectations or not. For now though, and with the market like this, i agree that holding is the best options since i believe that bitcoin still has a lot in it and will push forward after it get through with this obstacle.

Right now, holding seems like the only option, trading could be a good idea to those that are very good at trading but in this market that keeps going down and that now puts bitcoin at 7k is a very dangerous market for the inexperienced trader, in fact I will not be surprised if people were getting out of bitcoin for the time being until things get better but I do not like that option at all since that will mean taking huge losses.