Quote from: Mayor of ogba on Today at 09:56:13 AM

Quote from: Tmoonz on Today at 04:17:31 AM

Quote from: Ricardo11 on November 28, 2024, 01:17:04 PM

Quote from: Barikui1 on November 28, 2024, 11:04:40 AM

Quote from: SuperBitMan on November 28, 2024, 08:15:23 AM

Quote

Bitcoin is still the way it is, by the way when is selling one's Bitcoin now becomes a wrong thing to do if you have accumulated enough Bitcoin and you wish to start selling there's nothing wrong with that, there are people who has accumulated enough Bitcoin and they now sell and use the money for there weekly or monthly expenses.

Yea you are right, it's never a wrong thing to do, but it's a terrible decision making right now, especially in this time and value of Bitcoin that it's still in it early days, you might argue that anyone is entitled to sell his or her asset what ever and when ever he pleases, yes it's true, but not at the detriment of living with a regret the rest of your life.

We are still in the early days of Bitcoin, and with the kind of potential it possesses, it has the capacity of going up to a million dollar in the future, so if you sold yours now, how will you feel if Bitcoin later went up to a million dollar?
It's left for you to answer.

Then lastly, how much impact do you think by selling off your Bitcoin holdings now would be on your finances?
Can it change your financial status forever? If yes, then it's worth it, but if No, then it's not worth it.
Our decision making is what defines and separate the rich and the poor.

Yes, I agree with you, the future potential of Bitcoin is such that it can permanently change the financial situation of a Bitcoin investor, yes, at this time almost all of us know that Bitcoin has the potential to become $1m in the future, and it will happen at some point.
Our decisions determine our future. Those who did not believe in Bitcoin and walked away from Bitcoin 4 or 6 years ago, are regretting it a lot right now. And in the same way, those who will walk away from Bitcoin without believing in Bitcoin, will regret it a lot when Bitcoin reaches $1M, and will be tearing their hair out, because it was a life-changing opportunity for them.
Anyway, that opportunity is not gone yet, so take advantage of the opportunity while you still have time, because once this opportunity is missed, you will have to spend the rest of your life regretting it, and you will never be able to forgive yourself for not believing in Bitcoin.

Some time ago I heard a story of a man who committed suicide on seeing Bitcoin where it is and he felt he sold way too early and this is simply because he never believed much about Bitcoin, he killed himself with a written note left behind for his family where he made it clear that there could be no other way he can make it as big as what he has missed except through Bitcoin, he gave up on life and killed himself out of guit and regret, i know how painful this could be but I know it doesn't worth killing oneself, most times it becomes very hard to forgive yourselves when we make certain decisions and regret later, surely there must be a strong foundation based on a personal believe for anyone to hold Bitcoin over a long time.

I share a similar thing in the buy dip and hold thread where a guy who sold his 1,700 BTC at $0.30 per bitcoin, and when bitcoin increased to $8 per bitcoin, the guy regrets selling his 1,700 BTC at $0.30. Surely so many people who were not patient in holding their bitcoin for a long time missed the opportunity of gaining financial freedom through bitcoin investment, and when they see what bitcoin has accomplished, they always regret their actions of selling too early. We are opportune to see how people who sold their bitcoin too early are living in regret, so whatever the temptation could be, we should not be moved into selling our bitcoin for short-term profit.

That is why is always advisable to have emergency funds where you can easily access monies that you want for any urgency, not deeping your hands into your investment. however I feel some persons don't have the psychology of investment when it comes to Bitcoin especially during the early stages, as they see it as one of those avenues they could put money after a little growth for a period of time they collect their capital and interest, not knowing that you have to be patient and see Bitcoin as an asset driven venture just like any other asset you have that grows in value over time.