Good day everyone in this wonderful board!
This topic recently came through my mind and I decided to share.
We do know how Bitcoin has experienced tremendous prowess, over the past few years.
And how it has been like a pinnacle of hope to many, those who invested long ago have witnessed a more than 200% growth and more since it's inception.
My idea is , since one is coming from a country like mine where there's hardly any good retirement plan for those who plan on retiring, then is it really ideal to buy Bitcoin as an asset and hold for Good returns despite it's volatility.
Although it might take time to witness a tremendous return.
But is this really an ideal idea?
I think that holding Bitcoin and blindly accumulating it is the stupidest thing you can think of. Everyone needs money: for treatment, for life, for paying bills. If someone lives in a country where everything can be paid for with cryptocurrency, then he does not need it, but I am sure that all readers are not from there. Therefore, Bitcoin should be sold at the upper price level and bought at the lower one. Blind holding will lead to the fact that the holder, like a fool, looks at the price change and does not know what to do next. I think many have already gone through this stage in their experience and understand that you need to be able to switch from Bitcoin to stablecoins and back.