Post
Topic
Board Nigeria (Naija)
Re: Invest in Bitcoin for long-term purpose.
by
MainIbem
on 12/11/2024, 11:37:04 UTC
Anyways this should serve as a lesson to our country men who are not disciplined enough to resist taking profit at any upsurge they come across, Bitcoin investment is for long-term purpose and their's more to profit in future if only you follow according to the concepts of Bitcoin investment, everyone should emulate Micro Strategy and keep holding and buying more instead of taking profits you could see how much they would've gained in their portfolio if they were more patient enough, Donald Trump even made a statement during his campaign days that upon his return to power, he make U.S the country with the highest Bitcoin reserve and hold for the future that's to say he understands that Bitcoin investment is for long-term goals and not something you invest to take profits over any rise in price.
I think there is something we seems not to understand about investment when it comes to bitcoin or cryptocurrency investment. You can decide to invest for long term while Mr B plans to invest for short term, what matters here is choices the ability to accept the risk associated with the investment that is why people choose the time that is best suitable for them.
I can decide to hold for 8 years which is after 2 circle and I sell off, while others may decide to hold for 4 years and sells off, the thing here is that if they reached their target and the profit they wished on. Yes, before they sold they were also on profits and aren't sold on a lose instead on a profit.

From the look of your statement it may seem as though you're the one who doesn't have a clear understanding about Bitcoin investment and the question is, was Bitcoin investment meant for short-term or long-term? If long-term, then you reconsider your statement and correct yourself cause 4 years interval is not short-term. Well I might be wrong by not checking how long they've held the seized coins but then any investment below 4 to 10 years interval is short-term and latter long-term, so you saying Mr B may decide to hold for short-term is not clear.

The government sells out their bitcoin holdings not because they want to make a profit out of them but because they want to dump what they have seized from scammers and whatever institutions they seize them from. It's just a case of let's dump it and get over; it's not about a case of them buying and wanting to sell it for profit.
 
As we all know, Germany is a rich country. The selling was not even done by the country government itself but by a small state in the country, Saxony. If we are talking about investment and long-term profit, it should not be from coins they seize.

I just discovered that the coin was seized by the German police from the operators of Movie2k.to that's a movie piracy site and the seizure was dated back in 2013. However I also learnt from a news that Not everyone is happy with Germany’s decision to sell its bitcoin holdings, though and a member of the Country's Parliament made a statement on X sometime ago, about last month that instead of selling the government should've held the token as a strategic reserve currency. Now I finally know why they sold cause they've made profits out of it since it's been held since 2013.