Post
Topic
Board Speculation
Re: Why is a constant rise in the price of Bitcoin, important?
by
el kaka22
on 17/05/2018, 08:33:27 UTC
The rise of bitcoin is driven by many factors. In the end, the rise of BTC prices is due to the increasing perfection of its investment attributes. BTC no breakthrough in usage scenarios, but as an investment, BTC has already is an important investment target, whose nature is more and more like gold, its use value is no longer important, important is its increasingly recognized as an investment.
The usage scenario is not something we are getting to see now, but hopefully we may get to see this in the long run and as it is now, we may just end up stuck to having speculative asset in our hands. As more people keep seeing it as an investment alone, and then hoarding it, the more the speculative attribute of it keeps increasing. However, the OP was right, as there are just some times you need to be smart even while you are trying to hold for the greater good.

This isn't an investment used to be but to take profits and enjoy during the ATH is what others are forgetting. The fact that everyone is becoming greedier due to the potential that we can see to bitcoin but at the very end of it, we fall. There's nothing wrong in holding but don't forget to take your profit.
Right, I was actually forced to learn how to trade and find a pattern to be able to get the best of the market as a result of most of the things the OP said and that over the years has ended up giving me a better position than someone who is just busy hoarding all through. It has made me to focus on the future which I would not apparently be missing and also be enjoying the present profits. I believe this is where my mouth is and better to concentrate on getting the best of it.