Bitcoin has risen so much, but can it really be sold?
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When you have a few or tens of bitcoins in your hand, you can sell them completely, and it can be said to be very simple and convenient. When you have hundreds or thousands of Bitcoins in your hand, it is a bit difficult to sell them all at once. You can sell them slowly in batches. In any case, you can cash out in large quantities.
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Whether it can be sold is not determined by the price, but by the liquidity. Suppose you want to sell 100 million worth of cryptocurrency. If the daily transaction volume is 10 billion, you will be sold at this billion. But if the transaction volume is only 1 million, then 100 million will have to be sold for a year. Therefore, when investors choose an encrypted asset exchange, they will consider the liquidity of the exchange. For example, Coinbase, ZB.com, Huobi, and Bitmex all have very good liquidity, and liquidity is also an important factor in judging the scale of an exchange.
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Why does Bitcoin rise? Because there are more people buying and more people in demand. As long as there is a sale, there will be a transaction. In recent years, institutions have bought a large number of bitcoins as investment products, and their 1-year profits have exceeded the company's 5-year turnover. In fact, every round of sharp rises in bitcoin prices is accompanied by institutions' entry. The "institutionalization" of the digital currency industry is not only a feature of this bull market, but a long-term trend. If an institution participates, it can definitely be sold.
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The rise in Bitcoin since the second half of last year was due to the massive entry of institutions. After the baptism of the last bear market, retail investors have basically no bargaining chips in their hands. Bitcoin's rise is still in a climbing stage, and it will reach a higher level in the future. As for whether you are worried about whether you can sell it, you are completely worried about it. Because the global market accompanies you to invest together, there are centralized trading and decentralized trading methods, are you afraid that you can't sell it?
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Bitcoin is very popular in countries such as Singapore, Malaysia, South Korea, and China, and the daily transaction volume is very large. So there is no need to consider the problem of unsellable products. You can refer to the data of ZB.com, which is the most popular spot exchange for crypto assets in Asia.
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Bitcoin has risen so much, of course it can be sold. The rise and fall of Bitcoin are all because someone is selling and someone is buying. There are several reasons why Bitcoin is so popular. One is that Bitcoin, as an encrypted digital currency, has become more and more accepted as a payment method due to the adoption of blockchain technology, which does not require banks to verify transactions. Many countries, including many countries, also default to the legal payment method, and the ones who like Bitcoin the most are some illegal underground organizations, which can perfectly realize the money laundering process through Bitcoin transactions. The second is the scarcity of Bitcoin. The circulation of Bitcoin is 21 million, and it will not increase. The reserves are limited. It will not be affected by inflation and has the function of long-term value preservation and appreciation. The third is timeliness. Bitcoin can be transferred globally at low cost within a few minutes, and there is no limit to the amount.
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If you have been thinking about how to sell, it means that you still don't understand Bitcoin. Let me tell you a phenomenon. As long as the price of Bitcoin is upward, it means that buyers are greater than sellers, that is, the demand for Bitcoin is greater than the supply. Now that you mentioned this question, it means that what you need to do is to learn and study the Bitcoin blockchain. I suggest you go to ZB.com, Huobi Academy and other official accounts to learn some knowledge.
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