why you're dumping for fiat instead of use bitcoin directly to buy stuff online at least?
Though it would mean the same for most shops that accept bitcoins and use payment providers. The coins are dumped instantly so that the merchant can receive fiat.
And unfortunately it is pretty risky holding bitcoins. They are an investment. If you don't need them then ok, but if you hold your life money in it then it is risky since you can't earn one month 1000$ in bitcoin and shortly after your earnings are only 850$ now anymore. You need to secure it.
It's with all investments the same and because of the volatility of bitcoin it matches there too. Don't hold too long on investments, even more when they drop constantly. Nothing good will come from being stubborn or from believing in a wonder.
If you don't need the value the bitcoins present then ok, you would not need to secure it and hope for better prices.
ah well this is another problem, yeah, merchants should not dump also, and use directly their coins to cover their expenditure for example(utility bills other cost related to run their service)
the final point should be to create a endless cycle where bitcoin is not dumped ever, pretty much like fiat, i understand that this is maybe not possible right now, but people should do everything at their disposal to achieve this as much as possible
I did so too at one time and i lost ALOT with that mindset. It simply isn't healthy to watch the bitcoin price going down and down and down while you lose alot of money on the way.
I see where you come from but this is some kind of luxury view on the topic. If someone can afford it then it's no problem but even when you are rich and have 1Million USD in bitcoin, watching how it goes down over months more and more and doing nothing until it is worth a fraction of what it was is not a good decision. So in any case, it is something one can wish for for the future of bitcoin but as a business decision it can be very very bad.
this because not everyone is doing it, but think about it for a moment, if every bitcoin holder had done it since the beginning, no more dump could ever occur again, and the value can go in only one way, up
It is a theory without good ending for those believing in it. Since there will always be the ones that "take profit". And bitcoin price can't grow without end. Since funding is limited. Which means at some point it will stagnate and finally drop. Traders will sell first, then the sheeps follow. And believers would be named bagholders.
Sorry but it looks like the one who earn at the end are trading their bitcoins. And i think that is because of a lesson they learned. :|
