Post
Topic
Board Bitcoin Discussion
Re: Bitcoin holding will be worth this year or in the long run?
by
KennyR
on 23/10/2019, 19:02:37 UTC
I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?

I think Bitcoin holding will be worth in the long run rather than for a short-time keeping. We can think of Bitcoin like investing in gold. I buy my Bitcoin and store it for a long time. It doesn't make sense to do panic sell.
The lowest price at which we buy gets us profiting between the time. In such instances we can get profiting in short term as well as in the long run. When the same is being bought at an increased price it is a must to have patience to reach peak price than the one at which we bought. In the meantime more panic selling takes place,l which were done by whales to profit.