Post
Topic
Board Bitcoin Discussion
Re: Is Buying and Holding the only way?
by
setialovers
on 25/04/2018, 06:02:01 UTC
i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?  Huh

In my opinion, bitcoin is long term investment and its much better if we hold it. If we recall on bitcoin price when start invented, bitcoin price below $1 and after 8 years, bitcoin price $19k and thats the highest price so far. Its take time if we want make big profits because cryptomarket still need time to grow