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Convince me please

antonroux39

By antonroux39
in Bitcoin BTC

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BitcoinZAR Newbie

BitcoinZAR

Posted
Posted

The volatility now is nothing to what it once was...it is getting less and less volatile over time as more people use it, and it grows in value.

The volatility goes both ways, so as a general everyday currency it does not work as well as others. Why spend something today that can be worth more tomorrow....

 

It does work great though if you want to send someone on the other side of the world a large sum of money really quickly.

 

Here is some info on the volatility https://bitvol.info/

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YoungInvestor Newbie

YoungInvestor

Posted
Posted

The day Bitcoin is a real currency is the day the its value drops, stabilises and people lose interest.

 

Completely in agreement there, the bubble will burst esp. for bitcoin, just a matter of time. Must be stressful holding bitcoin now deciding when to bow out or face losing ALOT or face missing out on even more growth if you do exit...think I will stay out of this game.

Bandit Newbie

Bandit

Posted
Posted

I sold at R35k because I needed to buy an engagement ring AND I thought that it would start going back down. Thought the same when it hit the 50's, and when it hit the 80's.

 

Now I know it's going to drop one day in the very distant future. If I had bigger balls, was single and didn't have immigration on my mind I'd definitely get back in.

 

Just don't want to risk it...

IQ Test

Treasure Newbie

Treasure

Posted
Posted

Until it drops I'll still be in the game. I however don't hold for long but trade on a daily basis. I made 40% profit last week within 3 days. So Ill still be arround. I was once like you , watching the price go up. I then decided to dive in and take a risk . I'm now happy I did.

YoungInvestor Newbie

YoungInvestor

Posted
Posted

Sure you are, geez, what a killing you have made. I see for the past week it has been testing the upper bound of R118,000 and seems to now be dropping slightly....wonder if the turning point is coming soon? Any thoughts?

Treasure Newbie

Treasure

Posted
Posted

It will probably tank down to 110 for a while, it sure will bounce back. But I'm not anticipating a 120+ as yet. We wait to see...but I'm cautious at this point. It's becoming a bit dicey.

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