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Topic
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Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Marvelockg
on 21/11/2024, 10:44:47 UTC
⭐ Merited by JayJuanGee (1)

Most People I have seen who are into landed property investment only sell land to buy another land at cheaper prices, meaning you can only sell your Bitcoin to Buy more Bitcoin, selling some portion at the top to buy back the dips.

Creating such comparison or similarity between Bitcoin and landed property in terms of investment is very wrong and can be misleading because at some point when considering what derives the price of Bitcoin going up or coming down is not as the same as that of landed property, Bitcoin price is the same all over the world, but you will end up buying a landed property in different prices
all over the world based on locations, Bitcoin is not a quick and get rich scheme selling some portions to back at the dips is very unrealistic because the market is uncertain and you can sell and end up buying at a price higher than your selling point, i believe one of the reason why consistency of increasing our Bitcoin size and hold for a longer period of time is for us to reap more than just a peanut and possibly pass on to our generation.
he fails to understand that the concept selling to buy back at a cheaper rate can't even work in most land setting let alone trying to sell your bitcoin with the plan of buying back at a much cheaper rate. count back to the last five months and pick out a month where you sell to buy back, for the most part of it, you will find out that you have placed yourself at a position where you can't buy back at any price that's close to that range because bitcoin has far surpassed that value that you've probably sold it at.

we can't even talk about price of land as being volatile when we are considering a fixed location which is the only way you can relate it to bitcoin. buy a land at point A this month and go back to that same land to buy it again after some months, you will find out that it has appreciated drastically overtime.

as it stands, it's the accumulation season and even if you've built your bitcoin portfolio to a strong quantity, it's still the best thing to do that we continue buying and not sell it even for the sake of buying back or even if your intention is to use it to solve a particular need. why even think of selling an asset that's currently one of the most valuable assets classes in the world? it's even better that if you lack the means of buying more bitcoin that you slow dow, restrategize and refire again rather than tampering with the one you already have in your possession.