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Replying to Avatar Humble Bitcoiner

Never understood why you want to time the market

Lets say Bitcoin goes up to $200,000 this cycle

You think you’re a genius when you sell and intend to buy back at -80% drawdown

But all of a sudden a major player adds BTC to its treasury, dollar hyperinflates or idc what happens

Bitcoin pumps to $1,000,000 and never comes back down again

You’ve now lost 80% of your Bitcoin stack

Tell me it’s impossible and I’ll tell you that the max pain scenario will likely happen (which is number goes up forever)

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21cabins 1y ago

Laura

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