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RE: Bitcoin to peak in Nov/Dec if it follows past trends
Yes, in the longer term bitcoin preserves purchasing power. Though it can be quite volatile along the way.
Yes, in the longer term bitcoin preserves purchasing power. Though it can be quite volatile along the way.
IMHO, volatility is a problem if you're a frequent trader. If you're an investor, the value always goes up, so the answer is basically never selling. I probably preach this way too much, but that's the greatest lesson I have learned from crypto is to never sell. Not even when it looks like a dip is coming. Buy the dip. Never sell.
Also, if you're using it as a currency, I don't know that volatility is that important.