~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.
I agree that saving money in the long term is stupid because it will be eroded by inflation because basically fiat is not an investment asset.
But in other respects this is a value defense mechanism and adds value or even reduces value to the value we have, if I analogize it maybe fiat-bitcoin-fiat bitcoin and so on which aims to buy when the price of bitcoin is low and sell when it already has a good profit it is estimated enough.
But when thinking that we can buy things with bitcoin in the future, I think it's too far and we don't know when it will happen, so when our bitcoin goes up, I don't think it's wrong to sell it and buy more bitcoin when the market is bearish, I think it's more appropriate.