Post
Topic
Board Bitcoin Discussion
Re: It is ok to sell your Bitcoin.
by
nurilham
on 08/02/2023, 20:49:46 UTC
Those who are holding bitcoins for a long time, saying that they invest and hold bitcoins for the sake of technology are the ones who are trying to lie. I'm pretty sure the majority of people hold bitcoins for the money and not for the second reason. If bitcoin were not profitable but only used as a payment method, I'm sure bitcoin wouldn't be as popular as it is today.
Indeed. The main reason why people hold Bitcoin should be its profits. If Bitcoin isn't a profitable asset, surely people won't hold it because people have no advantage for its future. Specifically, people are trying to hold Bitcoin for the long term, it is because Bitcoin potentially multiplies its price significantly in the future. So, people seem to not hold Bitcoin for the long term if Bitcoin is only used as a digital currency without the potential profits.