Replying to Avatar LogicallyMinded

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.
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FreeYoda 11mo ago

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).

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LogicallyMinded 11mo ago

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.