Post
Topic
Board Bitcoin Discussion
Re: BTC Holding or Using ?
by
maydna
on 16/05/2022, 11:41:29 UTC
We all know about BTC Holding and we all encourage it, and on the other hand we are also happy when we see someone buying a car with BTC. My point is, if we hold btc all the time, where is our profit if it is not used, and if it is just holding without using, how will its value increase? And why are we happy when we see someone buy something from btc?  This issue has been circulating in my mind for a long time, what do you think about it?
You will not benefit from the bitcoin price difference that occurs if you do not sell your bitcoins. Your 1 BTC will still be 1 BTC because the value of BTC is that. But if you sell 1 BTC at the highest price then that is your profit and you can buy bitcoins back at a lower price so you still have the money difference from the previous sale. I prefer to hold bitcoins until the price goes up and then sell them for a profit and then will wait until the price goes down so I can buy bitcoins again. It's worked for me and a lot of people. But if it's about buying something with BTC, I don't really like it because I'm better off withdrawing my profits in fiat.