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Nobody can tell in all certainty what the price of bitcoin would be tomorrow, how much more five years from now. The price can only be anticipated and predicted as mostly done by individuals. As for me, i believe in five years, bitcoin's usage would have been more and the value would have increased.
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I don't see trading as been suck but rather, i believe it is more profitable than holding. Trading can be only profitable when you have a working strategy and you know how to analyze the market properly. I am of the opinion that, if some people can make a fortune out of trading, then, anyone else could as well.
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Is it a time for bitcoin hodl or sale? Please suggest me!
On a general note, it is better to hold and sell at intervals. But considering the current state of the market - which is a little bit bearish, it is advisable to sell if you have made some profit on your investment, but if the current market has gone against you, it is then advisable to Hold. |
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Before the existence of bitcoin, life has been going on and people had other engagement. Most people tend to reckon and adopt new innovations, which is why they engage in cryptocurrency. It could have been any other invention other than bitcoin. So, without bitcoin, life will still go on for me and likewise most other individuals.
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People have different feelings and diverse opinions as to why they cannot believe bitcoin. Most people are skeptical about using or investing in the currency because of the lack of acceptance by the government and they feel it will only exist for a period of time. Some are of the ideology that what is not known, should not be believed.
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Many many people say they are holding this, holding that for the "long term" but please tell me what exactly is your guys definition of "long term"? For me, 1 year is considered long time. I began investing this January and I will hold one year and cash out everything January 2019. So by your definition, is this more short term or long term? Is 1 year enough time to see gains?  Predictions are always made in optimism, as to the height a currency would attain, which is why most people engage in holding a coin for future profit. It should also be known that holding a coin is not a guaranteed success, as the market may take a turn from your anticipated range. Holding for a year is therefore, considered as a long term. |
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Having people on this platform with success stories and also investors making lots of profits on investments from bitcoin, is enough reason to see that the currency is worth it. The virtue currency may have its own challenges, but it is still a shot that is worth taking.
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I don't think age should be a restriction to crypto investment. The ability to invest and manage risk should be of concern and not the age. If a pensioner want to invest in the crypto market and he/she has the start-up capital, having a background knowledge of it and with the aid of an expert, would make it a whole lot easier.
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I still do not know why each time the price of bitcoin goes red, it is always seen in the light, as the end of the currency. My question is "Are people eager to see the currency collapse". For me, it should be seen as an opportunity - when it goes down (to buy) and when it goes up (to sell).
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As far as the future is concern, the possibility of anything happening is always there i.e to say that the possibility of ETH's price hitting/beating bitcoin's price is there as well. ETH has a unique platform that accepts tokens, which is completely different from BTC. And as a result gives it an edge.
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The risk of holding bitcoin, is to lose it through one means or another, most especially when it is held for too long. It should be considered that the bitcoin market, has an up, down, movement and as such, you stand the chance to lose on an investment, in as much as you want to gain. Having a desired profit on a short term and opting out of the market, until when you spot another entry, is a good practice.
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Investments do involve risk and bitcoin's investment is a risk that is worth taken because considering the fact that it is still at its early stage and that cryptocurrency has not been well adopted by the general public and yet the currency has gained a name, is enough reason to go into the investment even at the supposed current high price.
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Invested beginning January 10th which is now over a month HODLING the following alt coins which I believe are all great projects: -ICX -Dragonchain -WaBi -Enigma -Sub -Enjin Coin -POE -bounty0x -UTrust -Medibloc -Linda And portfolio is still stuck in 50%. I thought things will get better in February but still not able to see any green. What can I do? Making me want to give up and sell. I don't know how long more to wait from here. Will I see any light?  Investing in all these coins and not seeing a positive outcome on any of them, should give cause for worries. But be it as it may, the only thing to do here, is to follow up with news about the various coins, and to continue holding since you are already in the trade. |
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