Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Hueristic (1)
That said, now I am a wimp for not selling at $60 or 50K? Hilarious.
Here is a bet (nonfunded): within 2-3 years anyone who sold at 50-60K would be considered a wimp, unless, of course, they sold at 60K, then bought back at 17.5-20K, but it is REALLY difficult to do if you already did something with that profit plus paid taxes on it; not impossible, but difficult. Every time I sell, I consider that bitcoin gone..but I haven't sell for a while.
Here is a bet (nonfunded): within 2-3 years anyone who sold at 50-60K would be considered a wimp, unless, of course, they sold at 60K, then bought back at 17.5-20K, but it is REALLY difficult to do if you already did something with that profit plus paid taxes on it; not impossible, but difficult. Every time I sell, I consider that bitcoin gone..but I haven't sell for a while.
hey i sold some (not a lot) on the way up in the 50ks and 60k. and with no intention to buy back, although as it worked out i did buy some back just cuz the price was to good to pass up.
i mean those who say "HODL FOREVER!!!!!" well cool if that works for you. me, i sell on the uppidies, and sometimes buy back depending on whats going on in meatspace. but mainly i sell on the ups to get enough fiat to last through the inevitable bear markets.
i do hobby mine shitcoins to trade for btc so i always have a small dca thing going on. that helps things out too.
naturally what works out decently for me may not for others blah blah etc. JJG called me a "walking moral hazard" once. take that as you may
