re: Are Bitcoins

Posted on 12/14/18 at 10:27 am to lsugerberbaby

Posted by lsucoonass

shreveport and east texas

Member since Nov 2003

68487 posts

Posted on 12/14/18 at 10:27 am to lsugerberbaby

How much should I buy? And how long should I hold onto it?

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Posted by lsugerberbaby

baton rouge

Member since Mar 2008

2768 posts

Posted on 12/14/18 at 10:58 am to lsucoonass

Buy what you can afford to lose. This time last year people were trying to catch knives with the Bitcoin pump. And it's funny that everyone wanted to buy Bitcoin when it was $18,000 and going up...but nobody wants to touch it now that it's sub $3,000.

Crypto Currency/ Digital Currency is here to stay. Like I said earlier, I'd start buying now and continue purchasing at a slow pace. Maybe take 10% out of each paycheck and buy more/ accumulate.

As far as when to sell...that's up to you. Do you believe in the fundamentals of BTC? If so...maybe you never sell it. Or if you just want to make more USD off of BTC, then sell when it's worth it to you.

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Posted by Bullfrog

Institutionalized but Unevaluated

Member since Jul 2010

56435 posts

Posted on 12/14/18 at 10:25 pm to lsucoonass

quote:
How much should I buy?

If you can afford 2 BTC, that should be plenty.

If you double your money in the next 90 days, sell half and buy some of the below CC’s.

Bitcoin is the transition to the next thing. After some nice pumps over the next few years, it may be time to transition into that next thing.

Or buy 4-10 litecoins, $50 of DGB, NEM, TRX, XLM, XRP, WAX, THETA, OMG, ETC or ETH, FCT. That would cost you $600-$700 total to forget about for 1-15 years.

ETA: Cooney, your title got you the anchor.