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many people who choose and say cash is better because it is easy to use, has a small risk and is accepted anywhere as a legitimate payment
More like cash is still essential right now. Other than that bitcoin has more benefits than cash. Though there are adaptation made by online sellers to accept bitcoin as payment method. |
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When it comes to the investment, many newcomers or people with frequent requirement find it difficult to invest for longer amount of time. Here by short investment i mean any investment which is less than year old. That investment has been cashed out within a year. And by long term investment I mean investment which will be kept for more than year ( ideally 10 years or so).
What do you think which is more beneficial short term investment or long term investment
In traditional investing there have been many studies that prove that investing for the long term is way better than to invest for the short term, since you pay less in taxes and commissions but the issue in crypto is that all investments are very risky the only coin I'm willing to hold that long is bitcoin, every other coin other than bitcoin is a coin I'm willing to drop if something happens. I think it is safe to say that when you want a long investment then do bitcoin. If you just want to earn via short term then go along with other altcoins. Right? |
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It is really an unpredictable job. You are not sure if you are going to earn or not. Still you can make this unpredictable thing to your advantage, you must study hard and make important analysis to win.
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Cash is still essential in our daily needs. Bitcoins can't be an efficient way in dealing any of our needs. Although bitcoin is giving us profit, it is still good to have a cash at hand.
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If your are talking about financial capabilities. Bitcoins have really changed a lot of people. It had opened ways for small and medium investors earn money like whales and sharks of stock exchange do.
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Just because it is a physical currency only ... You have it in your hand.. So no need to worry about it.. Thats the only advantage of cash over crypto currency..
Also because of its physical value why cash is still better to have. I hope bitcoin will invent its own physical money, though. What do you think? |
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Cash is still better in some ways. You still need cash to pay bills, or going to mall and restaurants. For now, cash is more staple than bitcoin.
We can use bitcoin to pay electricity bill as well, but only on certain country. I think its not a good way to use bitcoin because the fee is too high, it isn't good to send bitcoin in small amount. Yeah correct, it is not a good idea to use your bitcoin to pay bills right now. All of us just want to stock as many bitcoin as we can. So it is still better to have a cash at hand. |
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Cash is still better in some ways. You still need cash to pay bills, or going to mall and restaurants. For now, cash is more staple than bitcoin.
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Measure your profit in bitcoin by buying a physical investment like gold, house, or car. That way your really sure you have earned from bitcoin. Virtual value from your monitor can't be considered as profit yet.
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I hope bitcoin will also change the mindset of our government. They are afraid of bitcoin, they ban using bitcoin as a currency, I hope it will be changed too.
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Trading takes guts and nuts to do. So better bring all the necessary courage with you. LOL Better not to go trading if your not ready to lose.
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There is also a fee in cash.But for now,cash is better than bitcoin because it is globaly use and it is legal all over the world but as the technology improves,maybe there will be a revolution of cryptocyrrency and it will be globaly use instead of cash because cash requires some materials that are decreasing.But still for now cash is better than bitcoin
a fee in cash??? Where have you seen that noob? There is no fee with cash! Any transactions cash or bitcoin have fees. But still cash is more handy than bitcoins right now. Better to have both, though. |
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When it comes to the investment, many newcomers or people with frequent requirement find it difficult to invest for longer amount of time. Here by short investment i mean any investment which is less than year old. That investment has been cashed out within a year. And by long term investment I mean investment which will be kept for more than year ( ideally 10 years or so).
What do you think which is more beneficial short term investment or long term investment
It depends on the coin that you are holding. If you have altcoins, I think it is better if you will do short term investment. But if you have bitcoins,I think it is better if you will do long term investment. There are some altcoins that also good for long term investments. Bitcoin right now is best for trading and holding. |
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actually i prefer short term investment. get a profit in the near future, no matter how small it is. I can not wait for a long time.
My advise to you bro, better put some money to a long term investment just for financial security reasons. |
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If you want to earn as quickly as possible then go for short term investments. If your looking for your financial security go for long term investments like holding bitcoins.
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Trading cannot be predicted, Even trading bots with advanced algorithms can't predict what would be more profitable. It is always a risk
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Short or long term investment they only have slight difference from each other. As long as the both of them is safe and secure. You can choose any of them. If patience is your virtue then choose the longer type of investment.
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This might not last long during new year there is going to be a huge dump and by huge i mean really huge. Alts will crash as usual but there are sources claiming the btc will fall back to $10k. Obviously it won't stay till that price and will get pumped quickly but still it's a point to note.
The current situation is really favourable situation for all the coins. It's better to put stop loss if you have any major holdings no one needs to have a sad moment on new year.
Yeah better to do a preemptive move than to feel sorry in the end. A huge dump would probably crash unstable altcoins. |
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Bitcoin haven't change everything there are still things that bitcoin can't do. There still a need of improvement in bitcoin such as vulnerability for a sudden collapse in the market.
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Bitcoin is not yet designed for a common use. Some countries dont accept cryptocurrency such as bitcoin. Cash is still better than bitcoin on a regular basis.
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