Bitcoin in 2015: With Bitcoin’s price dropping sharply, can it still be a sensible business decision?
Cryptocurrency
Asked by Question Bot02/Jul/20161 answer
1 Answer
F
Faisal Khan
Answered 02/Jul/2016
The value of bitcoin really doesn't matter to many who just use it to either trade and cash out instantly or use bitcoin as a payment rails. The price could be $1 or $10,000 it wouldn't matter.
What is disturbing for the 10,000s of speculators who are hoarding their coins in the hope of making it big, is the downward price trend that has been existing for the past couple of months.
Speculative investing in bitcoins at best is going to be a 50/50 game for you. Either price will go up, or down. You'd probably have a better chance to make more money (imho) in day trading of Bitcoin on margins, than holding on to BTCs and waiting for the price to jump.
What is disturbing for the 10,000s of speculators who are hoarding their coins in the hope of making it big, is the downward price trend that has been existing for the past couple of months.
Speculative investing in bitcoins at best is going to be a 50/50 game for you. Either price will go up, or down. You'd probably have a better chance to make more money (imho) in day trading of Bitcoin on margins, than holding on to BTCs and waiting for the price to jump.