There is a difference between using your bitcoin for something meaningful and selling it for dollars.
If you want to use it, go ahead, but if you think of it as an “investment” where you can get more dollars, then you’ve misunderstood what it is
In other words, your dollars are worth a LOT more in Venezuelan Bolivares. Why don’t you take profit in your successful dollar investment so you can get those billions of bolivares?
Replies (11)
Right, if you’re using the value/gains of an investment to do something else, great have fun with that.
If you sell a million dollars worth of corn, congratulations. Now what’s the plan? Because you’re now the proud owner of a highly depreciating currency that needs to be put somewhere so it doesn’t melt on you, oh and it was already in the hardest money ever discovered.
💯 Never selling. Only trading for very valuable stuff.
Saving or Spending is fine like wine.
Selling is selling out.
Exactly right.
Does anyone sell bitcoin to just hold literal cash? You can sell bitcoin and invest in stocks or real estate for example, for diversification purposes or income-production.
Only trade hard assets for other hard assets.
The reason you sell Bitcoin is because you need something that you cannot buy with Bitcoin. Would I rather buy everything in my life with Bitcoin, 100% but I cannot. And there are plenty of things I need still
Guy Swann
There is a difference between using your bitcoin for something meaningful and selling it for dollars.
If you want to use it, go ahead, but if you think of it as an “investment” where you can get more dollars, then you’ve misunderstood what it is
In other words, your dollars are worth a LOT more in Venezuelan Bolivares. Why don’t you take profit in your successful dollar investment so you can get those billions of bolivares?
View quoted note →
DCA makes it a lot easier to hodl. Who knows what my cost is at this point :).
Then you’ve simply used the dollar as your payment network. But that’s not relevant to the “sell it to hold more dollars” argument.
Again, if you just want to use the value for your life, by all means, that’s the purpose of money. Granted, one should understand the trade off of selling a money while it’s being monetized and what that will cost over a long time frame.
Exactly what I meant, I didn’t say not to ever use your bitcoin for anything, that would be ridiculous, I mean if you are “investing” into it in order to just sell it for more dollars than it’s a waste.
Useful comparison! Thanks!
