I've read so many threads where people assert that they sold or intend to sell an asset just because they want to invest in Bitcoin, while this might present the person as someone who believes so much in Bitcoin and even went to the extent of selling an asset just to invest into it, is it the right thing to do?
Despite being one of the most valuable assets in the world, selling other properties to invest in bitcoin is not the wisest course of action. We should not ignore the risks involved, even if we all know it has a great potential to increase in value over time. Even cryptocurrency experts will advise us not to invest money that we cannot afford to lose, since selling property to invest in bitcoin already indicates that you are investing money that you cannot afford to lose.
And I guess this is the reason why a lot of people can't hold their bitcoin for a while before selling it off in times of minor challenges.
Indeed, I don't think someone who can sell a property to purchase bitcoin can hold onto it for very long because they would likely sell it the moment they encountered a small financial setback. These individuals can't hold onto it for a long time especially when the price is declining, they will panic and sell off their investment because they invested what they don't want to lose.