Post
Topic
Board Speculation
Re: What's your plan for the next bull-bear cycle?
by
figmentofmyass
on 03/11/2018, 23:36:58 UTC
Quote
so my plan is to probably sell most of my Bitcoin

Hate to be boring or negative even but if the plan is just to sell and everyone has a similar plan can you spot the flaw in the plan to this ever happening  Undecided

if demand is strong enough, it doesn't matter.

and when the bubble is happening, greed takes over. most people either sell way too low before price goes parabolic, or they wait until after price crashes out of greed. very few people get to sell the top.

Forget personal perspective or bias on this for second, the market overall is only really going to go up with higher usage even if its just for value transfer.   Ultimately people criticise BTC for not having a greater purpose, an underlying usage such as the metals or various commodities have.

gold bugs criticize it for that, and they're biased. money doesn't require underlying utility. all that does is make supply less predictable. the inelastic and linear demand from underlying commodity usage is a drop in the bucket compared to the exponentially growing value implied by metcalfe's law.