Post
Topic
Board Bitcoin Discussion
Re: It is ok to sell your Bitcoin.
by
nullama
on 18/02/2023, 07:03:48 UTC
~snip~
Everyone can set certain goals for themselves when they are ready to sell, but this raises another question, after we sell bitcoins, how then to protect funds from inflation?

Do you understand what is the point? Now I buy bitcoin and I consider it a good defensive asset against inflation, but when the price reaches 100k or 200k and I sell bitcoin, the problem will be relevant again, my money will be subject to inflation and I will again have to think about how to protect it from it.

I say this to the fact that perhaps there is no point in selling bitcoins, perhaps this will be one of the most reliable ways to store our funds for a long time. And by then, perhaps adoption will have become more widespread and we will be able to buy goods with bitcoins without any problems.

Yeah, I agree.

I tend to think of it as "buying fiat with Bitcoin" instead of selling Bitcoin to emphasize what you're actually doing. If you think like that, then it makes little sense, because you're trading a great asset for an inferior one.

Of course in some cases you need to use fiat for an intermediary step to actually buy an asset, but to simply keep fiat?, makes little or no sense to me.