Re: Holding Bitcoin the more could have doubled the Portfolio
Bitcoin will continue to prove people wrong, especially those who believe the Bitcoin price will go down after it hits $100k. Perhaps the German government had a negative mindset toward Bitcoin, they never dreamed that the price would rise to 2x of what they were planning to sell at the time. They sold their holdings when Bitcoin was at $55k, and now that Bitcoin is trading at $110k, they would be surprised how Bitcoin could go as 2x as they sold their holdings.
However, this should serve as a warning to individuals who have negative feelings about selling when the price drops or hits some target. As an investor, we must be more patient to continue holding and take advantage of the dip to buy more, we must avoid making mistakes that we will regret later, like those who sold when the price was $55k.
However, this should serve as a warning to individuals who have negative feelings about selling when the price drops or hits some target. As an investor, we must be more patient to continue holding and take advantage of the dip to buy more, we must avoid making mistakes that we will regret later, like those who sold when the price was $55k.
That's what risk taking is like, when they sold at 55 thousand dollars, they probably thought the price would go down. You can never always make the right decision, there was no guarantee that the price would go up. What if it really went down to 15-20 thousand dollars? Then we would be talking about Germany making twice as much money.
Maybe $110,000 is the peak, maybe it will go up to $250,000. who knows? Of course it makes sense for governments to invest with little risk
They are likely to do such things with stuff they seized, not got themselves into.
Better to have profit and do things by regulations than to utilize said BTC in a way that would be intended to bring more potential: not raw value here and there, in their eyes
