This statement is confusing and incorrect Ricardo11. We can look at the charts and see that bitcoin can be profitable on either a short-term of long-term basis, yet surely many of us investors do not tend to sell bitcoin merely because it is in short term profits, because we do not know if we could buy back cheaper, and we don't necessarily want to take chances to get stuck with less bitcoin in the event that we sell and the BTC price keeps going up.
Yeah, it’s true that is possible to take profit both short term and long term, I get what you’re saying. And It’s tempting to take profit when you’re in the green short term, but with Bitcoin, that’s always not advisable, especially when you are not an older coiner who’s already working with his/her exit plan gradually…. Many people sell thinking they will likely buy back cheaper, and then boom, price just keeps running and it’s won’t be fun. Sometimes holding just gives more peace of mind than trying to outsmart the market in a short term price pursuit..
For guys who are striving to get more bitcoin, keeping on buying is guaranteed to keep the BTC stash growing, and as long as the BTC price keeps going up, then any coins bought will be profitable, especially once the BTC price starts hitting all time highs again.
Facts. If your goal is stacking more sats, then just buying and holding is way easier and probably safer in the long run. As long as price keeps going up over the years, all those buys, even the ones that did not feel perfect end up looking smart later on.
Don't get me wrong. There are ways to sell bitcoin on the way up that don't largely prejudice a guy's bitcoin holdings, especially if he is not selling large portions and he are also is not selling with expectations of buying back cheaper - yet if guys end up making mistakes in their calculating of how much bitcoin to sell and they think that they have enough bitcoin or more than enough bitcoin, yet they are mistaken in their assessment, then they also might end up selling too much bitcoin too soon because they had come to the wrong calculations regarding how many bitcoin they thought they might need or want in the future versus how many bitcoin that they then had in their possession.
Yeah no lie, there are smart ways to sell, but this isn’t for we new coiners though, bcus honestly for me I haven’t accumulated enough Bitcoin to start selling, but certainly for old coiner.. And trust me if you sell big chunks, you may then end up on the sidelines with regrets… we gotta be real nd careful with those decisions.
Bitcoin competes with fiat, so in that sense it could be considered as something that was intended to replace fiat - yeah such replacement might not happen right away, yet you already have stated that even in your own personal journey you gravitate towards accumulating bitcoin and spending fiat, and so the longer and longer bitcoin is around, then the more and more people, institutions and governments are going to realize that they should be gravitating towards bitcoin too... so if a lot of the value is gravitating towards bitcoin, then little by little the inferior currencies are likely to receive less and less use and also to disappear.
Sure governments are going to continue to want to preserve their inferior money systems (control systems), yet they are not going to be able to stop everyone from gravitating towards bitcoin, even though they will try to stop the gravitation of value into bitcoin..and sure maybe they will have various temporary periods of success, yet their possible temporary periods of success still does not justify not gravitating value into bitcoin for anyone who knows about the value of bitcoin sooner rather than later, then the ones who know sooner will benefit more from their knowledge so long as they act to gravitate their value into bitcoin rather than into inferior monies and/or assets... which bitcoin is the apex predator of assets and/or currencies, even if a lot of people either don't understand/realize such fact and/or some people are merely just coming around to understanding/realizing such fact that bitcoin is the apex predator of assets/currencies.
But, Why hold on to something that loses value every year? And yeah, governments will definitely try to keep their systems alive, but they can’t really stop people from moving toward something better. They might slow it down for a while, sure, but they can’t kill it. The truth is, if you understand what Bitcoin really is and you act early, you’re already ahead. Most people won’t get it till it’s way more expensive. And yeah, calling Bitcoin the apex predator isn’t even an exaggeration at this point. It just keeps proving itself over time.