Quote from: Sayeds56 on Today at 02:57:44 AM

Quote from: crypticj on April 25, 2023, 04:51:32 AM

Hello guys!
Today I was thinking about Bitcoin and where it will finally go up. And I came to the conclusion that I don't really understand what is the right thing to do with Bitcoin after it will "go to the moon".

So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?

While it is a personnel decision to hold sell or take any action with your Bitcoin, which entirely depends on financial situation and goals, but I prefer prefer to allocate my assets in a staking pools where it can generate some satoshis on regular basis, rather than leaving an asset idle and waiting for return of bull market. There are many reliable & well established exchanges those provide staking services with attractive returns on annualized basis.

I don't consider it a wise decision, storing bitcoins on centralized platforms is too risky and not recommended. Don't just find a way to generate a few passive satoshis that we have to trade our entire fortune if something goes wrong, it's not worth the risk.
Don't forget the cases related to the giants lending and staking like Blockfi, Celsius... last year. The lesson is still there, hope everyone does not repeat the same mistake in the future. Everything will be reputable until it collapses and takes everyone's money.
I am not entirely against centralized exchanges but you should use them for the right purpose, not trust them too much to store your assets on them.