I have started cryptocurrency trading just some days ago so I cannot take a risk.
All the investors who sale their bitcoin earlier are feeling very sad, but fortunately I'm still holding my Bitcoin in my wallet. And i hope at the middle of the year, it will further increase upto 50000$ and at that time I'll be able to earn huge profit from it.
Yes, I'm fully comfortable with the decision I made, back then when I didn't buy bit coin only I bought about 7 alternate coins, I woke up one morning and saw that whey are all depreciating massively, then I withdraw them from their respective wallets into NGN address and from my NGN wallet into my account, few hours later I saw they were appreciating. So I sent them back to their respective wallets to regain the money I have lost, to cut the long story short they started depreciating massively again just few hours later and I lost more than half of the money I invested. I had no choice than to withdraw all my money permanently back into my account.
Alright my friend. The most important thing is that you are comfortable with your decision on pulling your investment on the cryptocurrency investment. If you were forced, then it would have been an issue but since you are cool with it, it's not anyone's problem.
I did also the same thing , i panicked that the price will fall more but then the other day when i woke up , the price was on 29% increase and then i didn't know ( i cannot express that moment , i was in grief or what ). It felt bad because the amount i sold was around 250$ and if i have kept it , i would have got 350$ .
Yeah, absolutely. I didn't totally backed down. I'm just waiting for the bitcoin and other alternate coins to become stable and they I would gladly re invest again without blinking an eye.
Alright mate, I can promise you that in no distant time that all these cryptocurrencies will begin to appreciate once again but on the coins being stable, it's almost impossible for it to be stable. It will keep going up and down.
Absolutely it would just keep on going up and down, this is exactly why it would be difficult for cryptocurrency to become a main currency just like the US dollars, if bitcoin was stable by now it would have become a main currency.
From my experience, there is no way cryptocurrency will ever be stable because if it ever becomes stable, there is no way investor will make money from investing in the cryptocurrency. US dollars will always be a hard currency and it almost equivalent to any cryptocurrency. I know some people who deal on selling US dollars and other currencies.
You're absolutely right, what you just stated is a fact that cannot be erased, there is definitely no way cryptocurrency would ever be stable. But no matter what I believe cryptocurrency is here to stay despite the government efforts trying to frustrate it, I believe it's actually one of the best thing that happened in this century.
I'll feel bad...that won't discourage tho. I'll try and get back in
Exactly, I can vividly remember why my own country's government started an agenda to fight against the use of cryptocurrencies but in the end, they failed and people are still using the coins as well as investing massively. There is no way they can stop bitcoin when US and UK are making use of it.