btcdage on Nostr: 【When will Bitcoin be sold】 Today we talked about the topic of when Bitcoin will ...
【When will Bitcoin be sold】
Today we talked about the topic of when Bitcoin will be sold.
Some people say that you can sell all bitcoins when they reach a certain price.
In fact, this is still a mistake to stay in the legal currency standard thinking.
The first thing to be sure is: hodler must go through at least one round of bulls and bears, and they must not be sold within four years of hodl, otherwise they will repeat the tragic mistakes of Brother 480,000.
In the Bitcoin concept, fiat currency is an "bad money" that will continue to depreciate when held, and there is no reason for a "good money" such as Bitcoin to exchange for "bad money". There is no need to liquidate bitcoin at any "price point" at the fiat-to-fiat exchange rate.
When can I sell Bitcoin? The only reason to sell bitcoin is when you have necessary consumption needs (hodler has a low time preference, and there are very few unnecessary consumptions such as buying luxury goods), and the cash flow of legal currency can no longer be covered.
For example, you have a necessary consumption demand now, and you still need a cash flow gap of 1 million French currency. At this time, you can sell Bitcoin with a market value of 1 million French currency to support your necessary consumption.
Did you see it? The only use for exchanging Bitcoin, a "good money", for a bad money with ever-decreasing purchasing power is to spend the bad money immediately.
Unless consumer demand completely covers the market value of all your bitcoins, you will never need to liquidate your bitcoins. There is no such thing as a stupid exchange of good money for bad money.
Some people do it because they think differently (stupidly).
Today we talked about the topic of when Bitcoin will be sold.
Some people say that you can sell all bitcoins when they reach a certain price.
In fact, this is still a mistake to stay in the legal currency standard thinking.
The first thing to be sure is: hodler must go through at least one round of bulls and bears, and they must not be sold within four years of hodl, otherwise they will repeat the tragic mistakes of Brother 480,000.
In the Bitcoin concept, fiat currency is an "bad money" that will continue to depreciate when held, and there is no reason for a "good money" such as Bitcoin to exchange for "bad money". There is no need to liquidate bitcoin at any "price point" at the fiat-to-fiat exchange rate.
When can I sell Bitcoin? The only reason to sell bitcoin is when you have necessary consumption needs (hodler has a low time preference, and there are very few unnecessary consumptions such as buying luxury goods), and the cash flow of legal currency can no longer be covered.
For example, you have a necessary consumption demand now, and you still need a cash flow gap of 1 million French currency. At this time, you can sell Bitcoin with a market value of 1 million French currency to support your necessary consumption.
Did you see it? The only use for exchanging Bitcoin, a "good money", for a bad money with ever-decreasing purchasing power is to spend the bad money immediately.
Unless consumer demand completely covers the market value of all your bitcoins, you will never need to liquidate your bitcoins. There is no such thing as a stupid exchange of good money for bad money.
Some people do it because they think differently (stupidly).