A friend of mine had a hard time understanding Bitcoin. He owns quite many, but is plagued with inane -EV concepts of daytrading, such as panic selling, and "buying back lower".
I just told him: "Bitcoin. It's like land. If someone offers you less for your land than what it's worth, you just give a hardly-noticeable smile and wave him away." Land is not to be sold. Unless you need the money.
You don't constantly trade in-out your land. Same: Just don't sell your bitcoins.
I just told him: "Bitcoin. It's like land. If someone offers you less for your land than what it's worth, you just give a hardly-noticeable smile and wave him away." Land is not to be sold. Unless you need the money.
You don't constantly trade in-out your land. Same: Just don't sell your bitcoins.
Economic 101: "your item is only worth what the best bidder is willing to pay"
forum reading 101: He's talking about EV decisions (expected value)
Oh, so the imaginary value
EV works in poker, but it's just nonsense when applied to bitcoin.