I hold both. I think Ethereum will rise in value, as will Bitcoin. I think Bitcoin will remain the more valued asset because of the large attack surface of ethereum and the immutability issues.
All the digital currencies will make progress with time but Bitcoins makes it in leaps and bounds. No other currency has the potential to take its place. I prefer BCC over Eth honestly. Even BCC has brighter future than Ethereum. It was number one; it is number one and IT WILL REMAIN NUMBER ONE. |
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Or any alt-coins? Meaning, turn our BTC into USD.
Cashing out bitcoin directly can be hard sometimes, so all I do is just look for guys who want to buy bitcoin and sell the coin to them since they have real cash to pay me with am good with that. |
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When do you decide to sell?
Is it a sat, a % of profit, or even a randomly thought up number in your head?
I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage.
This seems much easier to hit that percentage, but much more risky.
How do you determine when to let it go?
It’s a very hard decision to make though noting the fact that bitcoin price is always on the rise and you could sell and then the price goes higher and then you start regretting why you didn’t . |
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
It is a great way to invest money, but only do that at your own risk because the market is a very highly volatile market, anything can happen at anytime, so before you embark on this assess the risk. |
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There’s no country actually going to accept that as a currency other than its own and even if its going to do there would be a lot of regulations before anyone can use it freely.
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Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
People bought or buy bitcoins for various reasons, some to sell, some to spend, some as a store of wealth so its not up to you to decide what someone does with his or her own money its up to the person to decide what he wants to use his money for. |
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I have been making an analysis about how people is getting real rich thanks to the increse of BTC and it is amazing to think that people are getting real rich, lets hope and this will continue so the people that holds very little BTC also gets rich.
This is the analisis I made:
On February 1st 2015 you will need 4,219 BTC to have 1 million USD, now that is worth: 10,125,600 usd
On Febraury 1st 2016 you will need 2,681 BTC to have 1 million USD, now that is worth: 6,434,400 usd
On February 1st 2017 you will need 992 BTC to have 1 million USD, now that is worth: 2,380,800 usd
Today you need 404 BTC to have 1 million USD ( the person who has now 404 BTC it is millionaire, and in Feb 2015 just had with the same 404 BTC 95,757 USD
That is amazing.
I wonder what are the new rich people doing right know? have they realised that they are rich yet.
Everybody should be very grateful not only to bitcoin but also the creator who has made millionaires out of ordinary people, bitcoin has changed a lot of lives for real. |
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Waiting for payment from my favorite faucet.....
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