Quote from: Abiky on February 17, 2021, 05:15:38 PM

Quote from: SmokerFace on February 12, 2021, 08:12:00 AM

Cashless mediums such as Gold and Bitcoin will have a positive effect looking at the US economy atm.
Bitcoin is rising at a steady pace now and I personally think it'll be around 100k USD/BTC in next January.

I'm sticking with Bitcoin and you should do the same Wink

The ever-rising prices of Bitcoin, encourages me to buy and "hodl" more coins for the long term. It would be unwise to sell Bitcoin now, as you could miss an opportunity of making bigger profits in the short term. With Bitcoin hitting $50k for the first time, there's a strong reason to "hodl" it for the next surge in price. Who knows if the year ends with Bitcoin being worth $100k per coin? It seems to me that the COVID-19 pandemic is benefitting the decentralized economy, while the mainstream economy continues to sink deeper. The longer it takes for the COVID-19 outbreak to disappear, the better it'll be for Bitcoin and other cryptocurrencies on the market.

Nonetheless, spending or "hodling" Bitcoin depends entirely on your current financial situation. If you desperately need the money, then it's advised that you sell your Bitcoin before it's too late. The volatile nature of Bitcoin could leave you either poor or rich in an instant. It's always important to secure profits whenever possible by buying low and selling high. As long as you do that, you'll remain financially stable for years on end. Just my thoughts Grin

I agree that it is better to buy Bitcoin and hold it. Bitcoin raise very quickly and many people became rich thanks Bitcoin.
Here is a very interesting article about the largest Bitcoin holder https://dailycoin.com/bitcoin-billionaires/
Many people use Bitcoin for investment purposes and the price of Bitcoin continue to grow.