“HODLing” has become a tenant of the faith for true crypto believers, and given how astronomical the returns have been in recent years for those who held onto their Bitcoin, it’s not surprising. There will only ever be 21 million BTC, which means that this asset can only increase in value in the long term. If every millionaire in the world wanted a Bitcoin, there wouldn’t be enough to go around.
Of course, there’s a thing called “life” that doesn’t care about your plans for holding and selling when the time is right. Financial problems have a way of popping up at the worst possible times. One day everything’s going fine, then suddenly you get laid off, or your hours are reduced at work. Then your car gets damaged and needs a major repair, or a bill you forgot about comes due. Before you know it, you’re at risk of going into debt (or deeper in debt).
Or maybe things aren’t so bad, but there are some luxuries that out of reach at the moment. You see your friends going on vacation somewhere sunny and warm, but you’re stuck at home because your budget is a bit tight at the moment. It’s not a good feeling to be left out of those experiences. The temptation to sell your cryptocurrency now for quick cash is real, but if the price shoots back up in the future, you’ll be filled with buyer’s (or seller’s) remorse.
In that Case when you Need Cash But Don’t Want to Sell Your BTC? Baanx Has Your Back
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