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What is your recommendation for bitcoin? Hold, buy or sell? Is there any practical use for cryptocurrency?

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Someone ask me on Quora: What is your recommendation for bitcoin? Hold, buy or sell? Is there any practical use for cryptocurrency? My Reply : Funny enough to your question, I got two people at my office after teaching them on Bitcoin ask me the same recently. I always answer people like this. When it comes to what you can do with Bitcoin, you have three options. You can play the LONG TERM GAME if you are just trying to figure it out and not the get rich quick type. What I mean by playing the long game is that you should add Bitcoin to your savings. For example, if you earn $1000 a month and you save $200 in your savings at the bank monthly, I suggest you set aside $400 out of it to be buying Bitcoin and HODL for like a year. Let do a simple Maths here. If starting from today you buy $400 worth of Bitcoin for the next one year, then the Maths will go thus: $400 * 12 = $4, 800.00. You have invested $4, 000.00 worth of dollar...

MINERS IN DILEMMA: TO HODL OR NOT TO?

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Today, cryptocurrency mining operators could benefit from taking out loans while using their mined coins as collateral to cover their expenses and persevere during the current bear market. MINERS CAN’T HODL…OR CAN THEY? Large-scale miners have enormous fixed costs, which they must pay regardless of the price their mined coins are currently worth. Indeed, many mining farms operate on thin margins and a shoestring budget, where expenses like electricity, rent, and other overhead costs must be covered monthly or the operation goes under water. Bitcoin and cryptocurrency mining, in general, is a cutthroat business where even the tiniest of advantages can give your competitors the advantage.  Renewable energ y sources, algorithm optimizations, superior cooling systems, and government subsidies are just some ways certain miners try to edge out the competition. But regardless of whether you’re running  AsicBoost  or not, miners must still pay thei...

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