Now can still be a good option to invest on bitcoin and hold for long but the price drop and maybe we need to wait more to see if will drop more before buy or take the risk and buy now.
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Right now i also think is a bit late because maybe the price will not grow so much, and even if buy now there should be wait much longer for a good profit and we don't know how much will grow.
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If not get hacked on Binance then we not get the coins stolen back if there is no way to track the hacker and after also have to sue them to get funds and if not not have them then is hard to get them back.
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I also think that you should sell half if you are in profit and hold half for longer, i think hack not affect the price of coins because Binance give bitcoin back to users and this is good.
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Now some investors can take profit, and people can take some profit, only who buy on last bull run not can benefit from bitcoin, but i think over time all people will benefit if they hold bitcoin.
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Bitcoin grow i think because maybe more whales buy and also people start buy and they will hold the coins for longer and maybe will grow more if more people will start to buy and hold. And indeed is interesting that the price grow more after Binance hack.
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Some tokens worth something overtime, but some of them don't value and i don't know if worth to put time on, but who have enough time can try to join airdrop.
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This is good news, i wish to have this foods shop on my country so i can buy food directly with bitcoin and not to exchange it to fiat, and maybe this caused also the price to go up.
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Indeed a 100% profit can be made on 2 months but people who not have money to invest then they not make a profit and also people who buy on ATH will need to wait more to make a profit, but now the price drop again we don't know for sure how much will grow.
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I think is not the season for altcoins now, and is weird, but maybe most people sell their altcoins for bitcoin and this cause the price of altcoins to not grow, but what we should do is to wait.
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I don't have so much tokens, only some without value and i will let them there, and i only have some MVT tokens which i wait to see how will going and when will happen development.
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I also don't expect too much grow from Ethereum, is already drop from bitcoin price, even if grow i think will not go to a new ATH soon, i think this time is only the bitcoin price grow.
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I don't think we will reach 120k$ soon, but 40k$ can be reached this year if people will continue buy and also there can be some companies or whales who will buy and make the price go to that range.
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Maybe yes or no, if they ask to sell only on Binance, but as i know bitcoin is already on coinbase or other exchanges. Where you read this news about China governments ask China miner company to sell only on Binance?
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Is weird also because this happen, and i think how they "hacker or hackers" could put all bitcoin at one place if they steal users data and login on single account and after to withdraw 7000 bitcoin?
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We don't need so much exchanges anyway and some people use it, but i think we need more bigger and trusted exchanges and not only one because if there is monopol there is not ok at all.
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Sometimes trading can bring a profit, sometimes if people hold coins which will grow then is possible if to get more profit over time then small traders even if traders do it almost every day, but always depends on a lot of factors.
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You reffer if hold and store money on bitcoin is like storing money for reserve and can get money anytime back, but bitcoin is volatile and not works like to storing money and get back when want but work similar to gold and here i reffer to price.
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I also think it should wait for for hardware wallet integration for mobile phones wallet, i already use mycelium for bitcoin with ledger nano s, this is supported only if phone support OTG, but anyway will be so hard for all phones to be updated every month if devs of OS will not do update for that phone and maybe this can affect wallets over time but maybe will not happen.
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I don't have any events noted, i only do what i do and i try to get more cypto when possible and i will hold for long or until i get a good profit, and if not i try find a new coin.
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