Quote from: romero121 on November 22, 2020, 12:50:09 PM

People are much worried about the job layoffs and bad economic condition. Everyone can't overcome the situation with ease. As mentioned those who weren't able to withstand the situation selling the holdings is the right choice, because now the price is somehow high and we don't know what's gonna happen then. If the market pumps it's good and if a situation prevails to cashout after market fall then it will once again destroy the economic situation.

Completely agree with you, mate. Not everyone will be able to "hodl" Bitcoin, as we face difficult times during the pandemic. In a world where the mainstream economy is collapsing, it's important to focus on survival more than anything else. My guess is that more people will continue to sell Bitcoin if prices continue to surge across the market. The "hodlers" will be a small minority, mostly consisting of wealthy people and those with stable economic conditions (middle class). Others will simply sell Bitcoin in order to cash it out for Fiat. After all, most businesses and merchants are only accepting Fiat as a medium of exchange. For daily needs, government-backed currencies prove to be extremely convenient.

Nonetheless, the decision of selling or "hodling" Bitcoin will ultimately lie on the person himself. I've chosen to "hodl" my Bitcoin as it seems it'll be heading past its latest ATH of $20k per coin. 2021 could be a year filled with excitement for "hodlers" as Bitcoin reaches new ATHs in price. As long as you're able to maintain a financially-stable life, nothing should go wrong. It's not about greed, but rather how can you survive with what's available in the mainstream world. Just my thoughts Grin