Post
Topic
Board Speculation
Re: Road to 100k?
by
Reincarnated Sat
on 19/07/2024, 15:43:37 UTC
Bitcoin investment is a safe one and we should all take it serious, when one one has accumulated enough Bitcoin he or she must not start selling immediately, one could decide to make a history with Bitcoin, I heard of a man that inherited good number of Bitcoin from his late father who he thought had nothing, if you have accumulated enough and you are comfortable and doing fine I will advise you keep holding because as time goes on so will Bitcoin grow bigger and better.
Don't demonize selling of Bitcoin especially for an investor that have been accumulating for years and would have surpassed his target. A point would come when he might need to pull out some of the funds to also enjoy the fruit of his investment but such withdrawal should be organized in a way that it does not hurt the asset so badly or a way he may run out of Bitcoin. Selling a little percentage of our accumulated Bitcoin and not the entire portfolio and holding for many years to realize the full potential, is not something I think is bad. What is bad is selling recklessly without any future plans, like some people do at the sight of profit. However, I'm not encouraging to sell their coins, instead I'm just saying that selling Bitcoin at the right time and right way is not a crime.

Paying for goods and services via Bitcoin is also part of selling Bitcoin and trust me, this should be encourage because they form part of the things Bitcoin was designed to accomplish. The more businesses accept Bitcoin and people willing to do trades in Bitcoin, the better for the entire Bitcoin ecosystem.
I'm not saying one that has reached his or her target should not sell, I'm only saying one can keep holding if he or she has no need to sell, for example you have reached your target in your Bitcoin investment and you still have your emergency, reserves and float funds intact and you still receive salary as a worker why will you be selling your Bitcoin, Bitcoin is an investment which can be transferred to your children if you wish, or are you saying when one reach's his or her target in Bitcoin Accumulation he can start using it even if he has other money or cash with him.

If one has has a source of income still following very well even after reaching his or her target has no need selling his or her Bitcoin.