Crypto Daily – Some retail investors who hold may be on the verge of selling, given the several months of sideways and downwards movement in the price. Perhaps many of these aren’t in Bitcoin because of its libertarian properties, and they are scared that it will go down heavily. However, where will they put the money if they sell?
The decision to sell
You have a significant portion of your savings in Bitcoin. The market has turned bearish, and you are afraid that those gains that you made are going to fritter away, or perhaps you are sitting on unrealised losses and you are scared that your position will sink even deeper into the red. So you make the decision to sell.
The first thing to realise when you sell your Bitcoin, is that you are making a conscious decision to buy fiat currency with it, whether that be dollars, euros, pounds etc.
You really must step back and think this potential transaction through. You are going to swap the scarcest, and…
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