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Author Topic: What would be better?  (Read 423 times)
jaideep1000
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February 22, 2017, 12:20:56 PM
 #1

I've resumed some bitcoin trading thru localbitcoins recently.

Over a week I have made some profits but now my question is whether to keep the profits in fiat or keep them in BTC?

What would be better in terms of safety as well as maximum return?

Anyone with experience please suggest.

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lordquanta
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February 22, 2017, 01:50:54 PM
 #2

* If security is utmost important and there is no plan to use those bitcoins then store them in offline wallet.
* If you don't require fiat currency currently then keep money in btc itself. You may reuse those btc in trading directly.
* If you think bitcoin price may drop then convert that profit in fiat for assurance.
* Many are holding bitcoins out of speculation that price may hike with ETF approval may happen.
cryptoheadd
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February 22, 2017, 04:08:49 PM
 #3

Hold the Bitcoins and store them safely offline. (Maybe even in a hardware wallet?)

* Many are holding bitcoins out of speculation that price may hike with ETF approval may happen.

+1 on this.



I would, personally, just hold them offline or in a hardware wallet.
bitcoinisbest
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February 26, 2017, 08:53:50 AM
 #4

I would suggest that only invest x amount in btc rest what ever you earn could be used in meeting your daily expenses. As you are aware about how volatile it is so better to be little safe than just keep on investing in btc

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