Quote:
Originally Posted by ladder13
Why would anyone then be selling now at 2300?
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Why does anyone sell anything?
It's all gambling. Some are betting the price will go up. Some are betting it will go down. Some are in it for the short term, some for the long term.
As had been said before - it is not an investment. It isn't for growing wealth. It is a method to preserve some wealth that has already been earned through other means.
It is similar to holding part of your assets in cash - it is something physically in your possession, has value, but hopefully won't be destroyed by inflation.