Never sell bitcoin.  I thought people would have learned this lesson by now.

When bitcoin was dumping real hard a week ago, I read this post by a smart-ass investor who claimed to have sold $100k in bitcoin and was planning to buy back in $25k lots at $7800, $6000, $5000 and $4000 or something like that.  It never dropped to those levels and so here we are touching $13k about a week later.

Stupid investors are coming to the crypto economy thinking that the crypto economy is some get-rich scheme for getting more US$.  They don't understand.  Bitcoin is pumping not because of speculation.  It's pumping because people are abandoning fiat and recognizing fiat is becoming obsolete and has the same value as sand.  It's the US$ that has no value.  People reluctantly sell some crypto just to pay taxes or bills, but other than that the money stays in the crypto economy.

Don't be a foolish crypto-tourist.