When people ask when are they into #bitcoin, most newcomers will say just because they think its going up in price. But everything it going up when priced in fiat currency. If you call yourself a " HODLER" are you going to convert you crypto baack into fiat ? Or are you #hodling for a lambo.
If your a smart investor would you be better to sell your bitcoin for a real asset not going back to fiat or trade it in for a car. The rich who are driving lambos are buying them with cresdit. Not selling there assets to buy the car. The rich understand debt and asset. The middle class thinking is to buy stuff , a new car would be buying stuff .
It would be better to never sell for fiat and use debt to buy things like cars or a house. If interest rates go up bitcoin will go up much faster. Also not selling would have a tax benefits . The gov wants people using debt .But wasn't bitcoin created to be a currency what was suppose to by used not just something people are hoarding?