Topic: Something to consider when selling your BTC... - page 2. (Read 338 times)
Time will come that you will need that bitcoin to be cashed in because you might be short on money or it is too big to let it pass by. I would consider selling my bitcoin when I see that the money is too big to not cash it in and I have a lot things to do with it besides hodling it without having any returns and only depending on its growth which could take years to go which I can't wait for because there are other opportunities to make money without using bitcoin.
Don't panic when bitcoin's price goes up because you will surely regret it when its price goes higher.
Always become observant, patient, and updated about the market and don't make transaction depending on the hype because that's what most of the newbies are doing when they see bitcoin's spike in price. If you do that then you will surely regret it at the right time where bitcoin made huge bull run in the next years or months.
Also learn everyday and be knowledgeable every single time so that you can somehow improve your bitcoin investment.
Always become observant, patient, and updated about the market and don't make transaction depending on the hype because that's what most of the newbies are doing when they see bitcoin's spike in price. If you do that then you will surely regret it at the right time where bitcoin made huge bull run in the next years or months.
Also learn everyday and be knowledgeable every single time so that you can somehow improve your bitcoin investment.
The last BTC will be mined in 2140.
I am very curious please, you sound so sure, afyer the last btc in mined in 2140, what next?
Almost all of us have asked this question. The only thing that annoys me is that I can't see the end.
As soon as the 21 million mark is reached, however, miners can no longer receive any BTC premiums. However, transactions must still be validated and stored by blocks on the blockchain - from this point of view, miners will at least be able to benefit from the transaction fees. This could become the lifeline for miners in the next century when no more BTC tokens can be released. So it says in Satoshi Nakamoto's Bitcoin whitepaper:
"As soon as a certain number of coins are in circulation, the incentives can be found entirely in transaction fees and completely free of inflation."
The last BTC will be mined in 2140.
I am very curious please, you sound so sure, afyer the last btc in mined in 2140, what next?
what the weak hands thought was profit. If they feel they have made a profit from every bitcoin purchase, they will sell it and want to try to buy it back when the value drops again. But unfortunately, the price reduction was not what they expected, so they bought back at a higher price
You don't need to wait until 2140 to think how limited Bitcoin supply it is, right now it already mined around 18,634,431 BTC so it's around 88,7% are been circulated in this world.
Indeed it's the beginning of the scarcity as we can see the price goes up more and more, so when it's already mined all we can imagine how expensive Bitcoin is.
Indeed it's the beginning of the scarcity as we can see the price goes up more and more, so when it's already mined all we can imagine how expensive Bitcoin is.
The number of companies and institutions owning BTC will get larger and larger and the number of people holding a nice amount of BTC will get smaller and smaller.
In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.
The last BTC will be mined in 2140. This coin is here to stay for you and your kids and your grandsons. Don't get too emotional by the price fluctuations, don't have weak hands and never get greedy
You got the point. Some of the bitcoin holders were on a panic selling because bitcoin is getting more and more higher value than we expect from previous years of its existence. Those who have their own bitcoin on their wallet should spend wisely from time to time so that they can still use bitcoin in the future with a great amount since the last BTC will be mined in 2140. In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.
The last BTC will be mined in 2140. This coin is here to stay for you and your kids and your grandsons. Don't get too emotional by the price fluctuations, don't have weak hands and never get greedy
From a philosophical point of view, I wouldn't worry too much.
Most companies are public so people will still own those assets. If you have Tesla or Microstrategy shares, you also own Bitcoin. There is also strict corporate governance around what companies hold on their balance sheets, so they are not going to do anything silly with it.
The Bitcoin that investment institutions own will be insured and ringfenced, so if you buy these products, you pretty much do own the Bitcoin.
I'd say it's better that the institutions and companies buy most of the Bitcoin and pump the price higher than Bitcoin being a low valued cult.
Most companies are public so people will still own those assets. If you have Tesla or Microstrategy shares, you also own Bitcoin. There is also strict corporate governance around what companies hold on their balance sheets, so they are not going to do anything silly with it.
The Bitcoin that investment institutions own will be insured and ringfenced, so if you buy these products, you pretty much do own the Bitcoin.
I'd say it's better that the institutions and companies buy most of the Bitcoin and pump the price higher than Bitcoin being a low valued cult.
The number of companies and institutions owning BTC will get larger and larger and the number of people holding a nice amount of BTC will get smaller and smaller.
In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.
In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.
And that's what HODLing really means for average investor today, as the demand grows because of institutions and big companies vying for bitcoin as well and with their huge capital, we are going to get the short end of the bargain. So we should really think about selling our bitcoin today, unless it is really important.
The last BTC will be mined in 2140. This coin is here to stay for you and your kids and your grandsons. Don't get too emotional by the price fluctuations, don't have weak hands and never get greedy
We don't have to wait that long because we all know that we will not see that day. More of 2038, wherein "almost all" bitcoin are going to be mine at 20 million.
Currently Bitcoin is moving up in price fast, selling now in order to buy back at a lower
price may not work out and if there is a correction it may not arise until $70k or $80k
or more. Unless we really have to we shouldnt sell into the hands of whales who are
putting Bitcoin into long term storage
price may not work out and if there is a correction it may not arise until $70k or $80k
or more. Unless we really have to we shouldnt sell into the hands of whales who are
putting Bitcoin into long term storage
You are right, people should not sell all their bitcoin to institutions, but the instructions really tried in the recent bitcoin rallying up in price, they make sure they buy when people are selling and price crashing, but as they buy, the price will increase again because people will invest and make the price to increase. The institutions are playing a very good role to make sure the marketcap of bitcoin hit a trillion which happened some hours ago. This time we should also think that we should hodl while the price of bitcoin will only still increase. Even if the price of bitcoin decrease, it will increase later even more than all time high as bitcoin is an asset that people and institutions are supporting.
The number of companies and institutions owning BTC will get larger and larger and the number of people holding a nice amount of BTC will get smaller and smaller.
In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.
The last BTC will be mined in 2140. This coin is here to stay for you and your kids and your grandsons. Don't get too emotional by the price fluctuations, don't have weak hands and never get greedy
In other words do not give everything to the big whales and try to remain in this select club because once you do it you may not be able to take them back. You may think you can but most probably you won't.
The last BTC will be mined in 2140. This coin is here to stay for you and your kids and your grandsons. Don't get too emotional by the price fluctuations, don't have weak hands and never get greedy
Jump to: