Replying to Avatar Jeff Booth

Maybe it’s not the best idea to drive prices up by manipulating money while technology makes it easier for business to remove jobs.

#Bitcoin

In an internal email last week to U.S. employees and some international staff, McDonald’s asked them to work from home from Monday through Wednesday so it can deliver staffing decisions virtually, the report said. It is unclear how many employees will be laid off.
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Patrick Schnitter 2y ago

Do you think there will be big pressure on Bitcoin’s price as the US government dumps 41,000 coins on the market?

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Jeff Booth 2y ago

Depends on timing of other news but generally no.

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Patrick Schnitter 2y ago

Thanks. Asking because I’m holding cash for any big dips. When they sold 10,000 on March 14th, we saw a 9% drop in price. It recovered quickly, but I am wondering if I should keep cash ready to capitalize on opportunity or just continue buying weekly.

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Jeff Booth 2y ago

I think that timing a market with so much upside as this, while potentially lucrative, is almost impossible.

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Patrick Schnitter 2y ago

Good point. Thanks for your feedback.

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Purple Horse 2y ago

Just DCA’ing in disables your emotions and makes it so much easier than trying to time markets