Post
Topic
Board Bitcoin Discussion
Re: Who says it's too late to buy Bitcoin?
by
MusaPk
on 19/01/2025, 05:57:08 UTC

It's an AI, of course it will support another AI, ChatGPT. Grin

It's not too late to buy Bitcoin, it's too early to sell it. I always sell early, that's why I regret. I wish I didn't have to spend any BTC I've earned until this time. But even if I'd done that, I would've said the same thing after I sold it. You can't hold an asset forever without selling it. At some point you have to realize the profit.

Selling Bitcoin for no reason is a total loss and must be avoided. I mean if you have bought Bitcoin at 70k and you are selling it just because it's at 100k and you are getting good profit, it's is a waste. There are circumstances where we need money to full fill our important life requirements, it's fine if we cash out some of our assets to full fill that particular requirements. Like there are scenarios where we need money to pay for our medical expenses, that must be preference since the prime objective of investment is to improve our financial conditions and keep ourself ready to pay for any important requirement.

One other thing is accumulation of Bitcoin must not be stopped whether it's at 70k, 100k or higher. Even if you cashed out some of your bitcoins for some important needs (as I mentioned above), even then the process of accumulation must go on with new spirit. We don't know how high price of Bitcoin will go. 100k was an important milestone and next milestone will be 1M.