Global Feed Post Login
Replying to Avatar SteadyTech

I actually think it's possible to time the cycle top.

But there are two problems even if you can:

1. You won't want to put as much in at the next market low.

2. Your government may not let you put as much in at the next market low.

Keep in mind that major Aussie banks for example, now have limits of $10k / month into anything crypto.

That means it would take about 9 months to buy 1 bitcoin at current prices.

Probably just as stressful as just riding the wave down.

How sure are you that your government won't implement similar restrictions?

How sure are you that you could put as much back in anyway?

Just keep stacking.

#Bitcoin #zap #nostr #plebchain

Avatar
Den Yellek 1y ago

I don't plan to try to time a top but if I did I would feel safer swapping in to tether than I would in to AUD.

Reply to this note

Please Login to reply.

Discussion

Avatar
SteadyTech 1y ago

Good point.

Just take the tax out in aud to be safe

Thread collapsed