Post
Topic
Board Economics
Re: Why You Should Never Sell Your Bitcoins Ever
by
Epimetheus
on 26/03/2018, 16:07:03 UTC
For me, why you should never sell your bitcoin ever, it’s because of the increase or decreases the price of it. We all know that bitcoin’s amount is fluctuating too much that it will be complicated to predict its amount. Maybe the second reason is the bitcoin’s limitation, bitcoin is limited in 21 million, and mines already generated almost of 80-85% of its total volume so in the future maybe bitcoin become a very expensive and rare cryptocurrency.   Smiley
First of all, the nature of cryptocurrency like Bitcoin and a rare asset like Gold are different. Many people thought the limited supply of Bitcoin is the primary reason make the price of Bitcoin increase. However, it is just a "reason" for new investor want to invest money into this field.
In short, most of us think that bitcoin will be able to reach a price that is very high in the future when the number of bitcoin becomes scarce, so in the near future, we should never sell bitcoin because that may cause us to miss a lot of profit. However, because of this thought, we can fall into bad situations, if the price of Bitcoin does not increase and even decrease, we will waste time to wait and do not receive benefits from Bitcoin, so, I think we should choose the highest selling price possible in the near future, should not wait for a long time, it is too risky


Oh My.. you don't know what BTC capable of do you? Have you read the Originals OP's Statement? its a words of wisdom from year 2015, it had already manifested and surpassed 10K $ price, the world already stumbled and world leaders are now on the move to make this currency more useful instead of a tool for enemies. Fiats and central banks were already shaken..
I do not agree with this statement.You can do whatever you want to do with your bitcoins.But you should keep in mind the right time that when you should sell your bitcoins.When the prices are high then you should think of selling your bitcoins.Cryptocurrencies like bitcoin are also used as assets and people hold them for future price rise.You should not sell all of your bitcoins in one go.You can sell some bitcoins and keep the other leftover amount with you.