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?
If you feel like you have gained from your investment then do the cash out. Everything is for you to decide whether or not you sell or you hold. At the end of the day, your decision will make you feel like you really own your investment. Just remember that every decision you make, just don't regret and always monitor on the price to prevent your trade to a loss.
Exactly, as decision is in everyone's hands and there is no way you can absolutely know what even the future holds for any of your holding. Anyone looking for a benefit in this market asides holding should be able to understand how the market fluctuation works than just trying to make some blind mistakes of trying to trade the market fluctuations without some knowledge. It makes a lot of sense trying to increase your position in btc from it, but you will be reducing it when doing it wrongly.