Post
Topic
Board Economics
Re: Sell Everything?
by
expert4knowledge
on 28/04/2016, 08:14:48 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.
We cannot be that much optimistic about increasing price of bitcoin since it is really unpredictable and does not follow any clear trend.
To be honest I am not that much optimistic about increasing of price of bitcoin as you say, yes it may increase but there is not any special algorithm to predict it and then talk with accuracy.
And as much the adopter sand the buyers increase the price of bitcoin will increase, everyone is in the preparation of halving to buy as much as they can and you will see at the halving there will be a highest demand and the price will be above that 1k$.
I am also optimistic that the price will rise, there are a lot of people who already know and uses bitcoin in their daily lives, many have already adopted with this currency so as the business. It still always follows that if the supply is low the demand is high.