on nostr

It's the same every cycle. People are in such disbelief about how bitccoin is currently priced that they cannot foresee where it's headed. I don't think Bitcoiners are immune to this effect.

DogArtFilmCo 1747261710

I see a lot of people saying not to sell ever at all and I don't understand it let's say I buy Bitcoin at 100k it goes up to 180k in a year I take the profit from that and then buy more when it drops back down to 80K - isn't that a more intelligent move especially if you're trying to average down?
I'm genuinely asking the question, why not take profits?

1🤙1

Deleted Account · 66w

The general consensus is that people who try to time markets get rekt. It's the same reason why you don't buy that course by the expert stock market traders who try to sell you their 'system'. As a general rule it's ok to 'trim' your position if you have an extremely value use case for those funds...

Brisket · 65w

Yeah I don't agree with people telling others what to do with their permissionless money. It's hypocritical & intellectually dishonest. If you've followed the game theory through, you should know Bitcoin has no top. It will keep accruing value while blocks are mined & the total supply is less than ...