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October 30, 2015, 10:31:37 AM |
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People borrow to buy Bitcoin. They make profit, they sell, pay the lenders back, then repeat. If you're good, you make a lot of money. More than just holding your few Bitcoin for a few years (unless there is a large, large increase). There will always be traders taking profits, shorting, etc. If you choose to just hold, I'd recommend buying a little every so often in the dips, and selling at the massive bubbles, then re-entering when they pop, and accumulating more, and repeat. Blindly holding through a 2 year down trend isn't the smartest. You can place your money elsewhere and see gains. Now is a good time to have as much as you can afford to lose in Bitcoin though, and it looks like since we are breaking the downtrend, the smart investors are coming back/coming into for the first time now that they see the potential of large percentage of gains. Mind you, they will have a target, and we will see sell offs, probably one large one, and a few $10-$20 ( or more depending on volatility) sell offs a day/week, before the real bubble erupts. Have an exit strategy, so you don't see your worth go 10x+ then back down to the same.
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