I’ve been learning about Bitcoin for a few years now, and I’ve always been asked the same questions.
Most people wouldn’t want to talk about Bitcoin because of the fear that you could get started on a fast rant for a good ten minutes or so. And 20 years later, I still have to admit that public speaking is still a challenge.
In comparison, this is in stark contrast to when I get here. Being overwhelmed with questions about whether or not to sell their stocks, and “when is the right time to get out”
Experienced traders and investors would find that this is the wrong way to go. One should purchase at a time when the outlook is bleak and moral is bad, because prices will fall afterwards.
The fact that this is so difficult for us humans is why the economy moves as it does, if only we can handle ourselves better. In addition, this will have an effect on understanding.
Either way, you shouldn’t be selling or buying Bitcoin on a holiday. In fact, a casual inquiry among my friends at Bitcoin reveals a similar case.
In the eyes of the public, Bitcoin is doing really well. Institutions are collecting money and shopping around for more than they need.
It seems that the choice of those who would like to give up is to take the initiative in people like myself.
It’s also a terrifying burden, and it’s not one that I’m happy with. But I’m happy to discuss the options and help anyone who wants to hear them find out what’s right for them… And that’s exactly what this article is all about.
So, if you’re not holding Bitcoin, and you’re wondering if you should, or if you’re holding Bitcoin, and you’re wondering if you’re selling the price at an all-time high, then here’s a couple of items to think about.
I don’t have Bitcoin, but I’m thinking about buying. Should I be here?
Isn’t that the question? You’ve probably seen the price head rise forever in the last few years and find yourself in the classic “holding on a rope attached to a rising balloon” conundrum. At what point are you going to take the plunge? Are you really trying that? Is it too late, huh?
Looking back and thinking “if only” isn’t going to help you out and, to give you some reassurance, anyone who owns Bitcoin needs to buy more and buy it quicker, including myself. But, in truth, the whole thing is an illusion designed to blast away your confidence.
For example, by the time I got the proper skin in the game, Bitcoin was getting close to $1000. However, I would have come across it at the end of 2013/early 2014 and actually had a chance to buy it at about $100 but decided against it. I really wasn’t ready for that. It seemed a little, well, “difficult.”
That was a costly error, and it would be another 3–4 years before I truly realized it to take the plunge. Understanding this properly is a barrier that everybody faces, so don’t beat yourself.
As a result, I ended up paying the top dollar, but now it would be considered a very cheap price. If I offered to sell you a Bitcoin at $1,000 today, will you take it? Yes, yes. Things are shifting.
If you knew Bitcoin was going to sell at $100,000 in the next 12 months, would you buy it at $31,000? If you liked the guarantee, I would, but I can’t, sadly. Everyone needs to take the opportunity to decide on the probability of this occurring with their own study.
It’s not too late. There are only a few different numbers to remember. “Bitcoin doesn’t have a top because the economy doesn’t have a bottom.” Any cursory understanding of what’s really going on in our financial system shows that it’s true.
We need to look at the fiat cash scheme, not the old one. It’s still an experiment. It’s a little younger than me.
It’s all about meaning and reasoning, the final decision is, of course, yours.
I think it’s obvious that I’ve made a decision to hold onto my Bitcoins in order to improve my Bitcoin holdings, as well as my confidence in Bitcoin itself, my potential goals and plans. But that doesn’t mean you’re right.
It’s better suggestions.
Do you have bank deposits that are losing value due to inflation and low interest rates? Assess your appetite to danger if the country ever accepts payment for “the one who says”
Given this, there is no strong empirical evidence.
If you live in a devalued currency, then Bitcoin is an attractive way to save money. They know that cash is likely to become useless in the future, while Bitcoin is likely to remain valuable.
It’s an easy call to make under certain situations, and it’s surprising to see how much of the world is in this position.
Here’s the idea: all currencies are devaluing. Now that governments are printing currency, the consequences of the pandemic are quicker than at any point in history. It doesn’t matter the currency. Next year, its value would be lower. You’ve got to protect your capital.
Some consider owning gold to be a gamble because governments around the world unexpectedly took it in a period of financial turmoil. Is it going to happen again? But this isn’t a guarantee that it will operate. There can be no threat.
What is the key goal of the project? What are you going to do with the Bitcoin? Is it a pump and a dump to make a little money or to get out of the fiat system? Or in the middle of somewhere. Are you really hoping that this will turn out to be something?
What makes you so sure that this is the correct answer to that?
Your target, huh?
Then you’ve got everything you need. None of us will know the future, we need to think about it on the basis of the probabilities. It’s your option, and you’re going to decide it yourself.
It’s another point.
Bitcoin used to be very difficult to buy, keep and sell back in the day, but things have changed significantly and are still changing on a regular basis.
Bitcoin is now legal, regulated, and as easy to buy and sell on the Internet as anything else. Physical barriers have been eliminated, all that remains is psychological barriers, connected to your own goals and threats.
So, instead of worrying about how to do it, you can discover exactly what you want to do.
This is just as important to other people.
I’m holding a bitcoin, but I want to sell my bitcoins. Should I be?
The fact is that Bitcoin is very common and is at its all-time high, which means that your investment in Bitcoin at this point in time will be profitable. Ok, congratulations.
However, the decision-making phase ends here. Can you lock in the stocks to reward yourself later, even though it will cost you more stock in the long run? If you may, please hold that you are right. Maybe you need to change it just as you did so well? What’s the right way?
It’s down to what the targets are. By reselling Bitcoin at a lower price later, you can make a profit and even sell it again.
And it couldn’t have been. You know as much as I do.
If you have financial problems, you can take the money and use it to relieve your financial burden. Establish a contingency to make it happen at a later time. If that’s exactly what you want.
Let’s assume you don’t need money, you believe in bitcoin, and you like the idea. If you chose to hold it, you may also be thinking of adding to your current stash.
This is a huge downside for brand new investors and people on the markets. It’s imperative that you play to your strengths.
People still don’t realize that you’re going to get interest on your Bitcoin assets paid out of more Bitcoin. Typically I suggest checking out blockchain.com and luno, the two main bitcoin currency exchanges. The interest rate on these accounts is 4.4% and 4%, both fixed on a daily basis and compounded on a weekly basis, with the advantage of being very user-friendly and ideal for novices.
Other ideas are being considered. As a result, Nexo and Celsius deliver high interest rates of up to 12 per cent a year, compounded annually, with an extra $100 million in insurance cover. This is especially desirable, as most banks do not have that level of insurance. You should be confident that you can borrow from other people at any time, as long as your assets are equal.
A new age has arrived and is developing quite rapidly. We will still need banks to move money for various reasons, but no longer to save and borrow. Quite the reversal of the act.
The list doesn’t have to be absolute, but in my view, any of these options for Bitcoin is fair if you’re already a heavy Bitcoin investor with fiat assets.
If you need more money, Luno helps you to make an average dollar cost of your properties, such as Bitcoin. A fixed amount will be allocated to Bitcoin on a regular basis for the course of the operation.
Both of the above answers do not directly mention the directions in this article, however they provide you with information. It’s up to you, essentially.
Finish with the expression “the end justifies the means”
You’re going to pay your money and take whatever you want.