Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Dump3er
on 13/06/2024, 13:53:53 UTC
⭐ Merited by JayJuanGee (1)
-

Basically, converting digital tokens to digital assets can sometimes be considered in the sense that there are assets that are more valuable than others so you can decide to sell less valuable assets to buy Bitcoin when those assets starts depreciating in value but let it not be assets that are still generating good money for you.

You know some people just have archaic understanding about Bitcoin investment and most of them are all these short term investors, they basically sell valuable assets to purchase Bitcoin with the believe that they gonna make good profits in the short run forgetting to know that Bitcoin is a high volatile asset that at some point the value depreciates and also appreciates so any investor that have a short term target can run into losses when they sell their other valuable assets to buy Bitcoin with short term targets if the value depreciates and that is why it is advisable for us to have long term targets when investing in Bitcoin and should not sell valuable assets to buy Bitcoin but we can use the returns from them.

Even though we all wish to acquire Bitcoin but we should not completely ignore other real life assets when we are investing in Bitcoin because sometimes those real life assets helps to propagate our investments in Bitcoin and that is reason why diversification is important in this regard.

"Real life assets" is another cntroversial term you are using because tell me about someone owning 100 BTC that this person isn't well equipped for "real life" as you call it. When your distinction is between real life and digital in the sense that you can't consume the digital asset in a form of food or use it as shelter, then what is it called when someone owns a piece of art for $100 million? Is it digital? Is it real life?

It's misleading when you make this distinction as bitcoin is probably one of the best real life assets someone could have accumulated over the last decade and even more, unless that person is living in a tent and sold their house. But even then that person can now buy 20 houses, so living in a tent paid off. This is not a recommendation to sell your house and buy BTC tomorrow and then live in a tent and wait, but making the distinction between real life and bitcoin as a digital asset makes no sense. Neither semantically nor logically.

Let's put it this way: what do you think which asset over the course of the last 15 years has changed more real lives than bitcoin? If something chages real lives, is it a real life asset?