Never sell?

I keep hearing about this "never sell" viewpoint. My question is if you never plan to sell no matter what, then what is the purpose?

Sure, you may not plan on selling now and you may even plan on holding for 20 years. That's fine. But at some point you either need to sell and/or transact somehow in order to realize value.

Oh, for those that can't resist. Gold. Yes, you could have 10 gold bars. If you never sell them in your lifetime, they have provided no value to you. If you pass them to your kids and they don't sell them in their lifetimes, they provided no value to them.

BTC could be $1 million per BTC but that doesn't mean anything if that value is never used.

​



Submitted January 02, 2024 at 12:26AM by 70redgal70 https://ift.tt/GJt2MYC

Comments

Post a Comment

Popular posts from this blog

Coinmarketcap are listing BCH sites as BTC

Under here: https://coinmarketcap.com/currencies/bitcoin/ They have links to https://bitcoin.com/ and https://forum.bitcoin.com/ which are no longer BTC sites; they're BCH sites. I'm not good at twitter and don't have many followers but I've tweeted at them here: https://twitter.com/bitplane/status/955918445014585344 Can we raise awareness of this and get them to change it please? Submitted January 24, 2018 at 02:47AM by david-song http://ift.tt/2DtOW70
Read more

15 years of BTC Power Law

5 years ago I made a post in this subreddit showing that BTC is a power law: Price=A*days^n, (days from Genesis Block), n=5.8. Many didn't believe me and said the past doesn't predict the future. Well, after 5 years it turns out that BTC continues its power law behavior with similar exponent. A power law is not another formula or model but the same mathematical behavior behind river formation, mountains growth, cities development, GDP vs population, and metabolic rate. Everything important is ruled by power laws, so BTC. BTC is a force of Nature. Here is the original post: https://www.reddit.com/r/Bitcoin/comments/9cqi0k/bitcoin_power_law_over_10_year_period_all_the_way/ https://preview.redd.it/ygtk3bb1fkac1.png?width=3211&format=png&auto=webp&s=46261e53d34b1d904f72eaf159cfaaf2999290ba ​ Submitted January 05, 2024 at 11:26AM by Econophysicist1 https://ift.tt/sdnkAoG
Read more