Posts tagged Holding
Blindly holding isn't a crypto strategy - you need an exit point

The reason I am writing this article is that holding on its own is not a strategy; you need an exit point. Okay, so one day Bitcoin and even other cryptocurrencies may become global payment methods, and you won't ever need to convert back to Fiat, but this may be a long way off. That said, even Bitcoin isn't a great payment method at the moment as some transactions can take an hour. Who wants to wait an hour for a pint down the pub while waiting for a transaction to confirm? And anyway, if you are buying beer you are not holding, you are spending. Even in this scenario, you have an exit strategy; your exit strategy is to use Bitcoin as a currency.

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