When Is A Good Time to Sell Bitcoin?
By Tyler Smith – Cryptocurrency Investor
It has been suggested that the best time for selling Bitcoin is when the production has stopped. When the coins have all been created the value could sky rocket due to supply and demand. This would be absolutely great if you can hold out until 2140. So, when is the best time to sell? If only we could jump into the DeLorean and go back to December 2017, then that would have been a fantastic time to sell Bitcoin!
Another tactic could be to sell now and take a risk to buy it back at a cheaper price. There is always a chance that the price will drop but sometimes we hold on in the hope it will rise. Cryptocurrency has a volatile reputation and it certainly does take a confident mindset to know the right time to cash out crypto. People have different expectations on their return of investment, some will be in it for the short to mid-term while others look at it as a long-term investment.
If you are a big fan of crypto and the blockchain technology it brings, then you are more likely to hold on for the long term. The fact that the coins will still be produced after our life time and Bitcoin has only recently celebrated its 10th birthday, we really are in the early stages of the crypto revolution.
If you want to know where to sell Bitcoin then look no further, our platform is here to help. Click here for further options to sell crypto with us.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards