Post
Topic
Board Bitcoin Discussion
Re: Is it wise to hold Bitcoin for a long time or sell to meet a need of life?
by
weav
on 30/01/2018, 12:32:32 UTC
I understand the whole tactic of holding bitcoins for long term profits. But the whole point of investing is to gain profits and use them for your own benefit, much more during in times of need or emergencies. If you find yourself in a situation where there is an emergency and your hesitant to cash out some btc's because you still believe that its value will go higher, then the whole point of you investing is somewhat gone/changed. The notion of "holding for as long as you can" is very unrealistic, because you can't do that in real life. At some point in life, we're gonna have to cash out btc's for us to use them or do you expect to "hold" these until you die? 
I agree with this , but the volatility makes it hard for people .  Everybody has the pizza guy in their head , but never forget why you got in . And if you have reached you goal you had in the beginning  , you should sell at least a part.