Post
Topic
Board Bitcoin Discussion
Re: Do you also panic when bitcoin price falls more than 10-20% in a day ?
by
Poker Player
on 13/08/2024, 03:07:09 UTC
To be fair, it wouldn't make any sense for someone like Michael Saylor complain about the bear market, or anyone with a large enough bag, unless they were about to make a move and buy more.

In reality people like Saylor know that volatility is inherent in the potential profitability that Bitcoin has. They don't care about draw-downs because they know they are inherent in the world's most profitable asset and so they keep buying no matter what: whether the price goes up, down or is on a sideways.