single post img

Why You Shouldn’t Sell Bitcoin

Author profile

By , Updated On April 26, 2021

Bitcoin is known for being highly volatile, but the overall consensus is that you should not sell your Bitcoin. Many experts have great predictions for the future of Bitcoin, and you need to hold on to it to take full advantage of that.

So, why shouldn’t you sell your Bitcoin, and what should you do with it instead?

 

Why You Shouldn’t Sell It

The main reason not to sell Bitcoin is that it will likely continue to rise in the long term. Yes, it will probably go up and down in the short term, but experts predict a rise over time. This means that if you sell it now, you will sell it for much less than it will likely be worth in the future.

Simply put, selling Bitcoin now minimizes your profits.

But why will the price likely rise? It comes down to adoption and usefulness. More and more people are using Bitcoin, and more businesses are accepting it. This helps increase its usefulness in daily life. As that usefulness rises, it should continue to go up in value.

 

But You Shouldn’t Just Let It Sit

If you shouldn’t sell your Bitcoin, what should you do with it? Maybe you’ll use some for daily transactions. But you should hold onto some of your Bitcoin in the long term. After all, using it comes out the same as selling it, as you get the current rate for Bitcoin instead of the future, better rate.

If you just keep it in a cryptocurrency wallet, you will still have the same number of Bitcoin you started with. Yes, you will still get to take advantage of the increase in value. But it would be better if you could increase the amount of Bitcoin you have and take advantage of that boost and the increase in value.

 

Earn Interest on Bitcoin

Instead of letting your Bitcoin sit, you can find a way to earn interest in it. This will give you double growth – growth in the number of Bitcoin you have and its value.

There are several options for earning interest in Bitcoin. You could lend it to someone and gain interest in return. You could place it in a crypto savings account, either one without a lockup period or one that lets you choose your lockup period and, therefore, interest rate.

Further reading: Earning interest on bitcoin

Or you could trade your Bitcoin. Trading is a popular option as it has the greatest potential for profits, but it also comes with the highest risk. You may successfully increase your quantity of Bitcoin by trading. However, this requires a lot of knowledge, experience, time, and luck due to the volatile market.

 

Investing your Bitcoin is a great alternative to trading. It can deliver similar results, but you put your crypto in the hands of professionals. They handle the trading decisions, so you don’t have to spend all day researching or watch the markets 24/7 to trade at a moment’s notice.

 

Instead of Selling Bitcoin, Invest It With Haru Invest

If you want to maximize your Bitcoin growth, your best choice will be to invest in your Bitcoin instead of selling it. Haru Invest makes it easy to do this with the Earn Like the Best product.

Rather than coming up with your own trading strategy, you get to take advantage of the profitable strategies from the top global trading firm. Instead of having to watch the market 24/7 in search of trading opportunities, you can let the algorithm automatically complete your trades for you.

You also get to take advantage of a strong track record. In the biweekly period from March 16-31, 2021, Earn Like the Best had a return of 0.9056%. This comes out to 20.66% annualized. You can look at past performance numbers on the Haru Medium page.