Bitcoin is stable for months, what to do?.These are the questions roaming on every topic on this forum so im helping you decide whether you want to sell it or buy something. Well, im promoting buying so here's why.
You probably have some coins bought when the price is still high, and you want to sell it because you are afraid that it may go deeper and you lose more. These is called the panic sellers which triggers When the value of the coins they are trading or holding pump down. What will happen? You will claim that you defeated and surrender for what we say bear manipulation. You just gave your money to them, you get depressed and you eill post bad news about bitcoin so that a lot people would be discouraged to invest. It doesnt help yourself and doesnt help other people either.
But what if, instead of declaring you lose, you hold your coins until it goes back because we both know that this drop is just temporary and when the value get tired of being low, it will soar high again. Its a winwin situation for us financially and emotionally. Yes , it is depressing until it still low but we know we are not lose until we sell it. More money, lesser stress.
We should take this low value opportunity to buy rather ranting nonsense that wouldnt help. Have a strong heart people.
You probably have some coins bought when the price is still high, and you want to sell it because you are afraid that it may go deeper and you lose more. These is called the panic sellers which triggers When the value of the coins they are trading or holding pump down. What will happen? You will claim that you defeated and surrender for what we say bear manipulation. You just gave your money to them, you get depressed and you eill post bad news about bitcoin so that a lot people would be discouraged to invest. It doesnt help yourself and doesnt help other people either.
But what if, instead of declaring you lose, you hold your coins until it goes back because we both know that this drop is just temporary and when the value get tired of being low, it will soar high again. Its a winwin situation for us financially and emotionally. Yes , it is depressing until it still low but we know we are not lose until we sell it. More money, lesser stress.
We should take this low value opportunity to buy rather ranting nonsense that wouldnt help. Have a strong heart people.
The simple counter argument that you fail to assess in this post is: What if the price continues to go down? Your argument for buying relies very heavily on the concept of buying and selling and offers little to no concrete evidence as to why someone should keep buying. Is there an event in the near future that could potentially raise the price? If so, that would increase the strength of your argument tenfold. As far as people are concerned when it comes to this issue, people think about the worst case, not the best case. The worst case being that everything goes to 0 at some point in the future.
That's true, but it shouldn't be on your mind as an investor. Investors should make decisions based out of a desire to grow, not out a fear of loss. Humans are so terribly loss averse that they paralyze themselves with fear when faced with such difficult decisions, decisions that could actually be decided with the flip of a coin.
So yes, it could go down to 0. It could also go up to a billion. No one has the power to see if that will happen, so all we can do if make our decisions carefully and rationally. In that case, invest carefully and do it with good intentions.
