Bitcoin has taken a bit of a dive. It's down to the $3800's, down from its record of around $4500.
Is this a time to panic and sell all you bitcoin? Or maybe it's a buying opportunity on our way to $5000? What do you guys think? Buy, sell, or hodl?
Bitcoin drops 5% - buy, sell, or hodl?
7 years ago by bitcointycoon (37)
$0.07
- Past Payouts $0.07
- - Author $0.06
- - Curators $0.01
@bitcointycoon the only risk is if all of the Bitcoin miners switch support to BCH. In my opinion, that is unlikely.
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I think many miners have more faith in mining bitcoin over the long term. Also, I use Genesis Mining, and they don't offer the choice of mining BCH (not that I would). I think there's probably a lot of mining operations like that. They won't be offering the option of mining BCH. This kind of adds a stability to BTC that BCH just doesn't have. I also think that the moment BCH becomes less valuable to mine, all those miners will switch back to BTC. We'll see I guess. Thanks for your comment!
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This is a good price to buy.
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I think you are probably right. I think everyone will start buying because it's looking pretty cheap right now.
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steady
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Thanks for the info upvoted and followed
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Long term hold. A mere fraction of the people who can benefit from crypto have found it. It will pay to be patient. IMHO
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Very true. I've heard figures about how much bitcoin would grow if only 1% of the world started using it. I forget the exact numbers, but you're right, there's still plenty of room to grow!
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meep
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