TeslaLiberty on nostr

So I have a couple friends, I convinced them to go big on bitcoin in january 2021. They became maxis. They allocated 50% to 95% of their assest to self custody bitcoin.

We are talking business owners with a lot of money compared to the average person.

They are now all divesting away from bitcoin. Bringing down their allocation to 20-35%.
No plans on ever bringing the allocation back up to their previous level.

They were there through thick and thin from 60 to 16 to 126, dca the whole way.

We are losing massive capital that will never come back.

Sentiment probably at all times lows.

Thoughts?

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Globe99 · 5d

Ooof... 50-95% is a lot. BTC should be like a seed you plant and don't expect a reward unless you're through a 4-5 year cycle or two. It'll come back though, once USD starts having to debase itself.

Malos10 · 5d

If they already waited 5 years they should wait a bit more Worst time to exit is now

Vincento Laliberto · 5d

Selon moi ils font bien. Faut être capable de dormir la nuit. C'est la guerre man. Y'en a un méchant paquet qui veulent pas que BTC marche. L'ennemi est partout. Je redoute même Michael Saylor maintenant. Je me trouve quand même privilégié d'être témoin d'un ostie de show. Où ça s'en va? J...

Anon · 5d

I can see why they'd give up on Bitcoin. The question of whether or not Bitcoin is a safe haven in times of turmoil, an inflation hedge, or a "store of value" has been answered, and that answer is a resounding NO. It utterly failed for those use cases. But to chase the AI bubble at all time highs wh...