Post
Topic
Board Bitcoin Discussion
Re: Selling Bitcoin vs. Selling Gold
by
Out of mind
on 11/08/2024, 02:40:54 UTC
Depends on what kind of gold product you have, is it a rare coin? Or just a chain that goes for melt value? Or is it a very intricately made wedding band? Usually depending on the item and the buyer they will always try to get melt value unless it’s something truly special and carries a premium. Bitcoin on the other hand is instantaneous!


I always prefer to discuss bitcoins. So I thought I could buy bitcoins and keep them. But I'm afraid to take the risk because of my lack of experience with bitcoins. The market for bitcoins is very good right now, so I'm a little scared now.  Because I have more losses if the Bitcoin market starts to crash after I invest.
If you plan to invest in Bitcoin, you must learn to control yourself. You must have the willpower to hold it for a long time. You must accept that there will be volatility in the market so you must not get discouraged but hold on patiently. Since you don't have much experience with Bitcoin, you need to plan in a way that protects you from losses, so you can buy Bitcoin using DCA when the Bitcoin market goes deep. If the bitcoin market goes down when you invest then of course you may lose some, but you will not be disappointed, but the whole market will rise again. You can have hope and trust on Bitcoin will never make you lose but if you can hold it for a long time then you can earn a lot of money from it.