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June 30, 2012, 05:04:47 PM |
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Well being new to BitCoin, I don't think anyone can answer that question. It's like everything else on the market the price will go up and down. You, me and everyone else needs to decide to hold or sell and at which point do you sell? When you can make a $2 USD, $5 USD etc. profit. Myself I can see BitCoin's value going up over time. As long as nothing drastic happens. I was reading BitCoin was around $15 USD at one point and now it's about $6.50 or so. Will it get it's $15 value back? I don't think anyone knows that answer.
If your holding BitCoin's, you need to set a profit margin you are happy with and sell at that point in time.
I've had stocks in the past and now I am kicking myself for selling them. I made money, but I would have made a lot more if I didn't sell them at the price I did. You just don't know what's going to happen.
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