What are your thoughts on how timing affects outcomes of investment decisions especially in the crypto market, particularly the Bitcoin, and what do you think may influence people to want to sell, despite the rising prospects of appreciation in years to come?
I won't tell them that they made a mistake in this story because if I told them that they made a mistake, then someone would have to assume that "
Pizza for bitcoins?" was a mistake, because here they only got two pizzas with 10,000 bitcoins.
And especially at that time, no one could have imagined that Bitcoin would reach the level it is today in terms of price. So at that time, people sold Bitcoins, whether they were mining Bitcoins or receiving Bitcoin rewards in any way, to add to their profit.
Even in the present time, I would say that if the transactions we are doing through Bitcoin are in the form of payment, then it is very natural to exchange it. However, after exchanging it, when we go to invest again from a specific fund, we must adopt the right strategy based on proper analysis, because even if we do not call the selling or exchange of Bitcoin at that time a mistake, we still make many mistakes when investing today.