Opinion: Selling one BTC to buy a house or car is a foolish decision.

[Fidelia]

There are some people that had bitcoin up to 1btc which is now valued at $97k. Some have decided to sell their 1btc and the result is a car or a house they bought with it.

But looking at it, bitcoin has appreciated 95% in four months. For such an asset, I would keep taking profits to fund my lifestyle and let the BTC yield.

 

[Suba]

Although there is no prohibition on selling Bitcoin and then buying a house or car, an investor must also think about how long the Bitcoin bulltrend will continue to move up, and maybe it will quickly reverse the beartrend.