Post
Topic
Board Bitcoin Discussion
Re: Few Days To Christmas - How Are You Preparing?
by
Fivestar4everMVP
on 19/12/2022, 20:13:55 UTC
~Snip~
If you sell your bitcoin to maybe buy new set of clothes and shoes, you threw away your bitcoin because, in three months time maybe, you probably will Not be wearing those clothes and shoes anymore..
Why then lose your Bitcoin for items that perishes in such a short time?
Secondly, people are allowed to enjoy things. Investing, of course takes time and patience, in addition to understanding of the market; one should know when to buy and when to sell.
If you need to take some profits to enjoy the festive season, by all means do so, have fun and enjoy the holidays with family.
Yeah, you are absolutely right mate, I never said peeps shouldn't enjoy their Christmas, but personally, I don't think doing so at the expense of selling their bitcoin at a loss is really advisable, watching Bitcoin's performance this year, I can tell you that not very many persons are in profit, except those that have been holding since 2015 or earlier, any body that bought bitcoin beginning from eleven(11) months ago till yesterday is probably not in profit (and I am not talking about day traders), this is why I said in the op that we all know they now is not the best time to sell bitcoin, except you choose to sell at a loss, that's your decision, your bitcoin is your bitcoin and no body has a right to decide what you do with it for you.  Grin