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How about your Bitcoin?

  • Thread starter Thread starter Suba
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Suba

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Although currently on Coinmarketcap the Bitcoin priBitcoin or vice versa you sell and switch to other types of investment assets such as stocks. or maybe you do nothing and let your Bitcoins stay in your wallet.
 
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Most wallets like Coinbase allow exchange between assets then if the price is still falling down you can trade to USDT and do the opposite when the price is increasing again means in all cases you are the winner.
 
This is the perfect time for anyone with extra cash to be investing, as you get more of the crypto when the price is low. Buy low, sell high. ;) I've begun reaccumulating bitcoin again too.
 
Suba said:
Although currently on Coinmarketcap the Bitcoin price rose 1.48% in 24 hours to $36.2k, but if we compare it to the Bitcoin ATH price of $68.7k which occurred in November 2021, it has fallen by 47.3% (almost half). Although I personally think the crypto price correction is reasonable. In conditions of low Bitcoin prices, do you use this opportunity to buy and collect Bitcoin or vice versa you sell and switch to other types of investment assets such as stocks. or maybe you do nothing and let your Bitcoins stay in your wallet.
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Just as everyone knows bitcoin is a cryptocurrency Many people are earning money by investing in it.I have many friends who are investing in cryptocurrency And by trading through it, they earn money .
 
Hummy2 said:
Just as everyone knows bitcoin is a cryptocurrency Many people are earning money by investing in it.I have many friends who are investing in cryptocurrency And by trading through it, they earn money .
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It is not the case every time because as you could win some money you could on the opposite side lose most of your assets in the dip or while trading between them so the two cases are possible.
 
I think bitcoin investment isn't for small crypto investors like me. I prefer going for the lower price coin.
 
Bitcoin is a very good investment and it level of volatility makes it a very profitable venture.
 
Kristoferson said:
This is the perfect time for anyone with extra cash to be investing, as you get more of the crypto when the price is low. Buy low, sell high. ;) I've begun reaccumulating bitcoin again too.
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Not just only you, even me as well I am starting to re-accumulate bitcoin again by buying more everytime the price dips because I know I will gain it in the future.
 
Flower said:
Bitcoin is a very good investment and it level of volatility makes it a very profitable venture.
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You are right. It is a very stable Investment just like gold that the price always appreciate even if the price come down, it will surely rise back
 
I let my crypto assets stay in my wallet. If the assets have proof of stake consensus mechanism, I stake my assets and earn extra.
 
Nomad said:
I let my crypto assets stay in my wallet. If the assets have proof of stake consensus mechanism, I stake my assets and earn extra.
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It is better to stake the bitcoin than allowing the cryptocurrencies to sit in your wallet. it prevented your crypto assets from fluctuation except if you keep it in the stablecoin.
 
Flower said:
It is better to stake the bitcoin than allowing the cryptocurrencies to sit in your wallet. it prevented your crypto assets from fluctuation except if you keep it in the stablecoin.
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Bitcoin is Proof Of Work, which means you cannot stake Bitcoin. You can only mine Bitcoin.
 
The best I can do right now is to keep Holding the bitcoin because selling off would incur huge loss for me but if I hold, expenditure in bitcoin could still be fruitful.
 
Lens said:
The best I can do right now is to keep Holding the bitcoin because selling off would incur huge loss for me but if I hold, expenditure in bitcoin could still be fruitful.
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If we have more people holding bitcoin, it will result in a significant spike in the price of the coin . Pesently so many people have disposed off their digital assets.
 
Flower said:
It is better to stake the bitcoin than allowing the cryptocurrencies to sit in your wallet. it prevented your crypto assets from fluctuation except if you keep it in the stablecoin.
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That is true
Allowing it to sit in your wallet will not give you so many profit like that
 
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