There is a difference between day trading and taking profit on an investment. There is nothing wrong with holding your BTCs through the bear although you must accept seeing your holding going down 75% over many years which means you must have enough savings in fiat so you don’t have to sell your #Bitcoin at a discount. That said, I would listen to Michael Saylor with a grain of salt. Is he going to hold all his bitcoins through the next bear? I don’t think so.
Discussion
Be free to belive and do what ever you want ✌️
For me and a lot of other people that invested not just their buying power but time to get educated on bitcoin there is no such thing as profits in fiat terms.
It's paper money. Education is important.
Have you ever listened to any interview/presentation with Michael Saylor?
Are you aware of the Dunning-Kruger-Effect?
I have listened to many of his interviews. He has many interesting takes however he also contradicts himself a lot. He’s clearly more a statist than a cypherpunk.
I see clearly a devolpment in his opinions, but I have not notice any contradiction (not counting his views on bitcoin before he bought).
Can you give me one, that I'm informed to?
I don’t have any on top of my head and it doesn’t look I have posted about this on Nostr. I had discussed this before but apparently on private messaging. But if you listen to any of his long form interviews with an alert mind to look for contradictory statements, you’ll most likely find a few.
Claiming 'a lot' and have not even one example is poor.
Have a nice day 👋
I didn’t intent to expose Michael Saylor here. You are the one who brought it up. I’m just letting you know that you may want to pay closer attention to what he says. Feel free to ignore my advice.
Don't get me wrong, it's not about Saylor. I mean it in general.
Claiming stuff and are not beeing able to explain or give examples is poor behavior.
I'm not mad at you at all. I'm sure you are a lovely human being.
Again, I said Michael Saylor often contradicts himself because I’ve noticed it on multiple occasions. That said, I have little interest in documenting his contradictions or going to look for some right now. I totally understand if you don’t trust my judgment. Rightfully, you have no reason to trust me and that’s okay. If you’re curious, I’m sure you’ll spot some next time you listen to him.
I will follow you, maybe you have interest in posting about future contradictions you spot.
Calling out billionairs is always a good thing.
I have little interest in listening to Michael Saylor long form interviews (for the reasons I mentioned) so it’s unlikely I will call him out unless I see him saying something egregious in a short video.
I fully agree.
Most can't imagine living on a #Bitcoin Standard right now.
If one does it makes sense to create a fiat buffer to make sure one doesn't have to spend/sell their #Bitcoin at the lows.
Fiat is dirt I know but right now it is still hard to only live on spending #Bitcoin (where I live right now).
I see the value of not going into fiat to stay out of the banking system however, holding all your bitcoins through a bear cycle can hardly be justified as a wise financial decision (assuming that one can identify early on when the bear has started). That’s why decentralized non-fiat backed stablecoins are so important to protect the gains one has earned holding #bitcoin through the bull. Actually governments fear those in combination with Bitcoin more than Bitcoin alone.