Post
Topic
Board Economics
Re: Never Sell Your Bitcoin: Is This Idea Foolish or Smart?
by
Lanatsa
on 30/07/2024, 13:44:06 UTC
In reality, such an approach benefits the large Bitcoin holders the most, and it can be quite unfriendly to smaller Bitcoin holders.
The intelligence of the investor depends on his decision when to sell or buy. The purpose of investing is only to get a commensurate return, for investors who have held Bitcoin for the long term it is a good idea to sell some Bitcoin when it is traded at a high price. Price fluctuations that always play a role in Bitcoin's journey can be utilized to buy back when Bitcoin is trading at a cheaper price.

For small scale Bitcoin holders, they can also take advantage of the price increase to sell Bitcoin, the profits obtained can be reused to buy more Bitcoin at a cheaper price. Investing in Bitcoin is not always measured by how long you are able to hold Bitcoin, but you must be able to prioritize the initial plan when investing. Ideally in my opinion, when the price is high, sell immediately and buy again at a cheaper price.
We do have our own will
We do have our own preference
We do have our own choice
We do have our own decisions

Outcomes and results would really be that entirely be depending into someones personal decisions about his/her coins. Your money your rules as we do all know.
Investors could really be classified whether they are short term holders or they would really be that going for long term. Selling out on high peak prices and making up some entry
on crash or bear markets then it is really that the basic stuff about buy low and sell high thing but doing on the right time or position will really be the toughest challenge among all.
We do have our own targets or goals on which we know that when it comes to this aspect then it would really be something that will be that into their interest and preference.