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Still worth holding btc?

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发表于 2022-7-10 17:31:42 | 显示全部楼层 |阅读模式
Been earning some bitcoin off of nicehash during the pandemic but still have some bitcoin that I haven't exchanged for cash. Should I still hold or take what I can now?
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发表于 2022-7-10 19:02:40 | 显示全部楼层
Depends.  
Will selling it at the current market value make your life better or make a positive change?
If not and you don't mind loosing it all, leave it and treat is as a lottery.  Come back in a few years and see where it is at.  Just make sure you store it in a cold wallet, I do not trust ANY exchanges when it comes to years.
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 楼主| 发表于 2022-7-10 22:12:07 | 显示全部楼层
How would setting up a cold wallet work and any risks to that? I have mine stored in Nicehash for convenience only
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发表于 2022-7-10 22:53:40 | 显示全部楼层
Cold wallet is an offline wallet, basically you are being your own bank and storing your private keys with you personally.  Not in an exchange.  I am assuming you are using Nicehash wallet ATM, which means they own your private key.  If they get hack or go under or whatever, your bitcoins are at their mercy.

Most common cold wallet are Ledger and Trezor, it basically a USB key that store your private keys and is encrypted with a seed phrase.  DO NOT give anyone your seed phrase EVER, no matter what!!!  Its basically your encryption key, once you give it out the person can clean your wallet.

There is saying in crypto, Not your keys, not your coins.  Meaning if you do not have your private keys, its technically not your coins. Google cold crypto wallet to read up more, it's a broad topic.
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发表于 2022-7-11 18:21:57 | 显示全部楼层
FYI:
MLIV Pulse最新调查的950名投资者中,有60%的人认为比特币更有可能再跌五成至10000美元,而不是反弹至30000美元。40%的人认为情况相反。上周结束时比特币上涨超过12%,交投在21850美元附近。
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 楼主| 发表于 2022-7-11 23:37:48 | 显示全部楼层
Man that's rough, or is it time to double down?
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发表于 2022-7-12 01:41:35 | 显示全部楼层
Never touch it. Just like gamble
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发表于 2022-7-12 14:36:45 | 显示全部楼层
根據目前的經濟情況來說,還是可以的
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发表于 2022-7-15 21:02:00 | 显示全部楼层
That's a billion dollar question. Probably our forum cannot give helpful insights.
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发表于 2022-7-17 08:39:26 | 显示全部楼层
love btc - very clear in the early stage (before 2019) it is crowd madness. made a lot of money from it and stay away since knowing it will blow up.

now it blew up. it will take time for the whole crypto space to be destroyed first before we can tell if this blockchain technology is really something that can "change the world"

common sense - there are 10,000+ crypto currencies, how many you think are legit businesses?
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