Post
Topic
Board Altcoin Discussion
Re: Don't hold Bitcoin for long time.
by
jpoker272727
on 14/10/2018, 19:16:45 UTC
Hold is Bitcoin for long time, there is no much profit. You know why ?

Because if you only hold Bitcoin your balance will grow up only on USD rate. For example you hold 1 BTC . Current price 7500$. It's might 10k after some day. But you still have only 1 BTC.

Now think you have 1 btc and you convert it into BCH. Example for 1 BTC you get 10 BCH. Rate per bch is 0.1 BTC .

After some day if Bitcoin grow up, At the same time BCH also will grow up.
If bch rate grow 1.5 btc then you will have 1.5 BTC.

But before buy alt coin please select best coin to avoid dump.

So what you think. Hold alt coin or Bitcoin ?

Few things to consider here, if the BCH exchange rate increased then yes we are in profit if we exchanged 1btc to bch at that time.
But if the BCH exchange rate does not change then we are in the same level, but what if the exchange rate decreases? Then we are in loss.