Quote from: ButtCrack on March 09, 2018, 04:47:12 PM

Quote from: Cherylstar86 on February 24, 2018, 10:48:26 PM

Quote from: ButtCrack on February 24, 2018, 09:57:57 PM

Quote from: MiF on February 23, 2018, 08:01:19 PM

Quote from: Jhernalex14 on February 23, 2018, 07:35:20 PM

For me buying both bitcoin and gold is a nice investment,gold every month or yeat the price is going up..same as bitcoin,i already invested in gold and now my focuz is to buy more bitcoins...hope i can buy or hold 5 to 10 bitcoin this year😊

The real reason why people hold gold and bitcoin is the wealth that built on both bitcoin and gold. I think if we are going to hold bitcoin we can really double our profit due to the unstable price and a high volatility, I believe it is same with gold even of the gold price is is almost stable but it also change over year if we take a look at gold and bitcoin price they are really changing, so then I believe that the mean reason is that everyone really wanted to have wealth.

What are you thinking about investment? Is it help you make more money? Therefore, hold Gold or Bitcoin are simply just for make money and the profits is all. I do not say some people think hold Bitcoin and Gold are the hobby, but most of the people want to make money money from HODL.

I agree, long term investment is definitely a sure profit but it take a very long time since you want a sure money ,let's say after a year. As we all know the capability of bitcoin and its usage we can say that it can give you a great amount of profit as well as gold but in some point there are time for the emergency puorposes which you really want money so in the end your holding may loss. I would say long term investments is intended for those who are wealthy people which can still generate money in alternative way.

Hold bitcoin does not mean you need to hold for long-term like few years. It depends on your target for the Bitcoin price. If the Bitcoin price reached your target sooner than the day you predicted, you do not need to wait more and sell your coin at that price to get profit.

Goal is important because that is our way to know when we want to sell our bitcoin, if you want is hold your bitcoin in long term just think that what if after that year the price of bitcoin down?
for me it's better to have target. for example is like what you said, if bitcoin reach your target price then it's the right time to sell it.