Viewing a response to: @mawit07/re-ddrfr33k-re-mawit07-bitcoin-in-the-red-and-so-is-most-altcoins-20171228t181125753z
Your biggest mistake is looking at the short term. Look longer term in your investment, you'll make more overall, and you won't be stressed out by all the sudden drops in value.
| author | ddrfr33k |
|---|---|
| permlink | re-mawit07-re-ddrfr33k-re-mawit07-bitcoin-in-the-red-and-so-is-most-altcoins-20171228t183139178z |
| category | bitcoin |
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I know what you mean and it is very difficult to stop. I need to stop while I am still ahead. You may know this by now that trading can get you more gain than mining. I basically earned 2 years of what I could mined just by trading once in and out of bitcoin. No wonder so many are day trading. The rewards are too good to pass up but the risk is also big. Thanks for the advice.
| author | mawit07 |
|---|---|
| permlink | re-ddrfr33k-re-mawit07-re-ddrfr33k-re-mawit07-bitcoin-in-the-red-and-so-is-most-altcoins-20171228t233214601z |
| category | bitcoin |
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I'm just gonna treat cryptocurrency like it is: a currency.
| author | ddrfr33k |
|---|---|
| permlink | re-mawit07-re-ddrfr33k-re-mawit07-re-ddrfr33k-re-mawit07-bitcoin-in-the-red-and-so-is-most-altcoins-20171229t165937932z |
| category | bitcoin |
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I feel like it should be treated more like a commodity then a currency, but that is my two cents. Like a Gold or Silver in some sense. The problem with treating it as a currency is that there is no governing body that can reduce or create more of it to stabilize inflation and deflation. Big issue will be when big money really gets involved and exerts massive pressure and control over on these markets.
| author | clivingston005 |
|---|---|
| permlink | re-ddrfr33k-re-mawit07-re-ddrfr33k-re-mawit07-re-ddrfr33k-re-mawit07-bitcoin-in-the-red-and-so-is-most-altcoins-20171229t171751938z |
| category | bitcoin |
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