dansbanners wrote on 4
th Jun, 2016 at 4:35pm:
Good. But you only make a profit if you sell though. Unless you're able to use the value of BTC in net marketing?
true but it is not as much like a stock. Due to the depreciating value of currencies, the long term trend should be up. I use it as a hedge against the Canadian currency knowing the C$ is being devalued on a regular basis. It is a way to preserve my capital. The bitcoins I have I don't plan on selling for a long time or in the case of an emergency
If I need to use them in net marketing, I will convert them from C$ to BTC immediately so there is little risk in me losing significantly on the transaction.
One nice thing about coinbase is that they will give you a wallet for your currency and not just for BTC so if you need to make a large purchase, you can save up for it and then transfer it at the last moment. That way you cut out volatility
and also, if BTC goes to 50K I'll definitely be using it in my marketing