- Jun 28, 2017
See hidden discussions | Win great prizes | Get free support
People freaked out?
Well there are those of us that have profited from Bitcoins temporary drop
ProTip: Bitcoin is now a long term investment. You will not become a millionaire over night. That boat has sailed. Put your money in there and leave it for a couple of years. If you want to day trade, you can make a few bucks still due to fluctuations. But be careful, you can and will get burned.
It's still early days.One thing though, I think people can now see its not a bubble... btc took one hell of a bashing, billions and billions usd dumped in seconds, and yet its still just trudging along slowly ticking up... if it were a bubble, there would be nothing left of it today. Something monumental and world changing is going to have to happen for it to take a knock down to tripple or double figures
I made 10% the last few days from the drops. I'm up 20% from what I put in after cashing out my mining profits and BCH. It's all in BTC for now but once the price goes up again it will be realised in Rands. Really, trading it is the only way to make the risk worthwhile. If you just put your money in at this point and not watch it like a hawk you will lose.A few bucks? If you can consistently day trade bitcoin successfully you'll kill it. A few % profit every single day adds up quickly. Compare this to stocks, forex etc. that only fluctuate 0.0-something percent. You'll need to make trades worth a small fortune each time to make non-trivial amounts of money.
Of course. Easier said than done.