Should I Still Buy Bitcoin?
Every morning I check bitcoin and other cryptocurrency prices only to see that they are going down and down and down. I understand this is normal in trading.
I got started trading bitcoin late last year before everything started shooting to the moon. I bought my first bitcoin at around $7,200. I didn't spend much on it. I had a few spare $$ I was trying to withdraw from an online payment processor and I couldn't because they literally had the worst support. It took me months trying to get verified so I can withdraw my money. Kept sending and resending the requirements they asked for but nothing was happening for months (around 6months). Then I saw their new feature "Buy Bitcoin" so that's what I used to get my money out of that payment processor.
I guess my question lies more on "Am I wasting TIME on crypto?" I'm not really that emotionally attached with the monetary value because I believe money is money. We spend it, we can earn it and we can save it. But TIME is a different story, once we spent it, we can not earn it back or save it.
I've been spending countless hours lately for the past 3 months watching the prices, trying to make my own technical analysis, and trying to properly trade them. I can safely say I have more profits against my losses when trading (in terms of cryptos) but I feel that it's not as productive as I envisioned it to be. I have more bitcoins and other cryptos now but it's monetary value is way lower lately.
What do you think? Is it worth the time and effort?
It depends are you in crypto for money or the technology?
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STOPCheck this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game has passed the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e