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My Dad (may his soul rest in perfect peace) would always advice me against selling my properties or belongings (for any reason) with intentions of buying them back later because getting them back would never be as easy as it looks, and the price may have even tripled by the time you're ready to buy them back, and i believe it's similar to selling off a percentage of your stash with intentions of buying in a dip because the next dip might even be higher than your anticipated price so it's a risk that i believe isn't worth taking.
You might be able to apply similar ideas to other assets and/or currencies, yet I have me doubts... .
since bitcoin is likely the most sound money that has ever been put into existence, which causes potentialities that there could be a step up in its price at any time, and since we cannot know when the step up in price is going to come, then we have to make sure that we are erroring on the side of always being in and being really sparing with any amount of bitcoin that we might sell, especialy whil ew are in early to mid stages of our bitcoin accumulation journey.
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There is one thing I would love to discuss with an open-minded excellent economist though. Money is good money when it preserves value, serves as a unit of account, is fungible and portable, which implies that it meets demand for high velocity. The last point is the interesting part here because bitcoin doesn't only preserve value, but due to its scarcity and all the other characteristics, it is very likely to go up in price.
For as long as bitcoin is a promising investment that increases in value instead of only preserving it, people will tend to hoard it instead of using it. Doesn't that mean that FIAT will be needed because psychologically people would at least tend to use their inflating FIAT to either buy bitcoin or, also very important, keep the economy thriving due to investment in other assets like real estate and consumption of goods and services. Low investment quotas or high saving quotas so to say, can have negative effects on an economy. I don't know if I have a logic error here at hand, but that's a question I could never find a satisfactory answer to yet. What is your thought on this?
The reason I bring up the idea that FIAT would still have a function is similar to what happens in casinos when people are supposed to buy chips. Those chips are easier to spend psychologically and it feels the same with bitcoin. Touching bitcoin is almost painful if you have to. FIAT not, I don't care if I have to pay something and I got FIAT, not an issue at all. But selling bitcoin feels bad. That is why I think FIAT might still have a certain function for a very long time. Hope this makes sense.
You are correct, Bitcoin is an investment even though some countries has now legalize it as a legal tender and some supermarket now accept payment with Bitcoin even buying properties a lot of people prefer you pay them with Bitcoin, however a lot of people won't trade there Bitcoin just to buy things in a supermarket or buy car this is because Bitcoin has the tendency of growing to a more bigger money for them so they prefer paying with there fiat currency than there Bitcoin.
However there are some people who can see paying with Bitcoin as no much a big deal and that is those who has reached a fuck you stage where they have accumulated enough and can even decide to quit there job and live by there Bitcoin investment.
You can't expect someone who is still accumulating Bitcoin and has not Accumulated enough to start using his Bitcoin for basic payment, I know some people do it but such persons are not Bitcoin investors.