Quote from: ice098 on October 07, 2019, 08:01:06 AM

Quote from: Superalgos on October 04, 2019, 12:44:04 PM

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet? Cry

April 1st signaled the start of what seemed would be yet another bull run however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

If I were you, I will never put most of my savings on bitcoin, because I have no savings yet, do not put large amount of money if you are afraid to lose it. We can't predict market, it is very hard to understand, sometimes bitcoin goes down sometimes it pumps, I think what am I doing is called smart or wise holding. You need to look for each circumstances that are gonna happen.

That is why we only should risk the money we can afford to lose. I like your courage of placing all of your savings in bitcoin, it is a high risk and that what makes it good because the more risk you take the higher return you will get. Investing in bitcoin is not that too risky because it has a high potential. Bitcoin is a very promising coin that will give a profit but it will take a long time. Bitcoins do goes down and there's nothing we can do about it but take it as an opportunity to purchase more and wait for the uptrend then sell. It is a matter of patience I'd say.