Bitcoin : Buying / Holding

[ilonamihaly]

As Bitcoin is very volatile this year. Are you still planning buy bitcoin or you will just hold until it goes up?

[Jerald]

If you plan to invest in bitcoin you need to buy bitcoin especially if its price is lower and you need a long term for bitcoin selling so you can earn a lot of money, and this is the investment method.

[Xester]

As Bitcoin is very volatile this year. Are you still planning buy bitcoin or you will just hold until it goes up?

I am planning on buying more if bitcoin will go down below 6k$ but up to now it does not go down that value. So instead of buying I am earning and saving more bitcoins from my online jobs and I will be holding them until December this year before I will sell some of them. I believe that by December bitcoin will hit 20k$ again.

[fatirborju]

In my opinion you should do both invest and hold it, because when you invest your bitcoin also hold bitcoin while waiting for the result of some bitcoin you invested slowly bitcoin price will surely increase so when increase you can sell it so you can get profit 2 times bigger on appeal you have to choose one of them ...

[mustamin88]

lately the price of bitcoin again down dratis or unstable.
while I'm not going to sell bitcoin first, because I see the price is not stable.
and I will hold it first until the price rises again.

[Pursuer]

As Bitcoin is very volatile this year. Are you still planning buy bitcoin or you will just hold until it goes up?

bitcoin is ALWAYS volatile. it has always been and will be for a couple of more years. that is no reason for not wanting to invest in it. in fact many traders are only involved in bitcoin because it is volatile!
additionally you seem to be missing the fact that when price falls down from an All Time High (ATH), in other words when it is in a dip, that is the best time to buy it. and now we are in a dip which means the best time to buy bitcoin and hold it.
it is pretty simple! when price has fallen 67.5% (current level is that much lower than ATH) there is not much room left to go lower. it may fall down to 70% or a little more but we are near the end of the drop for sure. and when we reach that point, there is nowhere else to go but up,.... eventually.

[Arvydas77]

As Bitcoin is very volatile this year. Are you still planning buy bitcoin or you will just hold until it goes up?

bitcoin is ALWAYS volatile. it has always been and will be for a couple of more years. that is no reason for not wanting to invest in it. in fact many traders are only involved in bitcoin because it is volatile!
additionally you seem to be missing the fact that when price falls down from an All Time High (ATH), in other words when it is in a dip, that is the best time to buy it. and now we are in a dip which means the best time to buy bitcoin and hold it.
it is pretty simple! when price has fallen 67.5% (current level is that much lower than ATH) there is not much room left to go lower. it may fall down to 70% or a little more but we are near the end of the drop for sure. and when we reach that point, there is nowhere else to go but up,.... eventually.

It was shown clearly that 2-5% of portfolio allocated into BTC will reduce volatility of your holdings. It is strange that such a volatile asset as BTC works as good hedge against downtrend of your traditional assets.