Post
Topic
Board Economics
Re: Are some too blind to see?
by
Mauser
on 04/05/2021, 07:04:41 UTC
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people
To be sincere I think all of us also wants to get that profit, if we are given the chance we will still do the same. And of course I do know for sure that a lot of us are making use of it for transactions and purchasing things online, but even at that we also invest money and we expect profit from it. If you were these billionaires I don’t think you will like to throw off your money in Bitcoin and leave it there, you will still come to a point where you will decide that you should take profit after the price goes up.

My advice will be that you take profit when you can. That’s what I do, because I have other works that I do, I take my profit and invest in other businesses and also invest in bitcoin when I can. It’s as simple as that.

I like your approach of taking a profit when you can or need the money. I try to do the same. The only difference for me is that I want to keep the money in crypto currencies. I will sell a coin if I need money for a new project, but I don't want to go for fiat money again. My trust in fiat money was lost during the last big crisis. Now all I see is rising debt levels each year with no end insight.