Post
Topic
Board Economics
Re: Sell Everything?
by
Lokfar
on 25/04/2016, 14:12:49 UTC
I believe that it is not a good thing to sell everything at once because there is a possibility that you will regret it. There is a chance that the price still goes up after you sold everything so you lose money there.
Indeed, I think a lot of people if they sold it right now will regret it later because the profit will now be not much compared with the future.
Most likely you could make a lot more profits in a couple months because of the halving.


Yes if a person sell all his bitcoin after the halving there will be a lot of money to be taken because halving event is giving us so much profit and the value of bitcoin is going up.
There are now a lot of people that is holding their coins and that is because the value is not high enough to sell it with a nice profit and that is quite bad.
Many people see that the halving is coming but the most people are thinking that the value will not even rise in the halving, but you never know what can happen.

the block halving will surely cause the price to go up, but the point is that a lot people simply expect too much from the upcoming block halving. it's better to focus on reaching $500 first, and then $600, and then $700 etc. instead of doing that, some people are talking about the price reaching $2000-$10,000 which i find very strange as we haven't even gone through $500 yet. take it step by step.
The halving would be perfect of course if the price is going to rise in the halving but you never know from before if the price is going to rise for sure.
So sometimes with Bitcoin you have to take some risks with it otherwise you never know what you can earn.