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Author Topic: One reason why you shouldn’t sell Bitcoin too early  (Read 882 times)
JoyceBTC
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Today at 08:31:13 PM
 #141

it's not also all investor that is in for profit some are accumulating bitcoin as a future asset to there children also know bitcoin also serve as a store of value.

Yes bitcoin serve as a store of value, which is very correct, but let tell ourselves the truth, even people that invest in bitcoin for their future generation still do it because of the profit. Yes profit is not guaranteed and despite how volatile bitcoin can be, people still go ahead to invest and hold for a longterm as a future asset for their children because they believe it will be more profitable over the long term and hoped for higher returns in the future.

Zackz5000
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Today at 10:15:00 PM
 #142

Even though this thread is up to seven pages I still want to say this, imagine the guy op dropped his post on X(twitter) he is regretting selling at selling cheap at the post which is not even the last two years but many years back imagine his regret at the current price of bitcoin, it’s really crazy how much people are regretting selling and I don’t wanna be part of that, it’s crazy people may not understand this now till the nearest future where they can’t afford it anymore.
The person who sold Bitcoin at a cheap price without holding it will regret it for the rest of his life. The longer he passes, the more his regret will increase. In reality, when someone buys Bitcoin, the importance of holding it is not well understood, but it becomes easier to understand with time. At some point, the investor realizes how much he has made a mistake in his life.

That is why it is better to take advantage of the opportunity when it comes. Moreover, every investment has risks, so if you want to get something good, you must invest, but you should also consider whether you have the ability. If you do not have the ability to hold it for the long term, then there is no point in buying that asset.
I think there are reasons why some persons sell there Bitcoin too soon and this could come when Bitcoin price has drop. Not been patience enough to hodl for long could make you sell when you are supposed to sell yet also not creating room for an emergency funds can make you to sell when there is a serious emergency and the only hope left is selling your Bitcoin, most at times people don't intentionally sell there Bitcoin some invested wrongly by using money that is meant to take care of their daily up keep or basic need to invest in Bitcoin instead of using there discretionary income to accumulate Bitcoin.

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