Bitcoiners:
In an hypothetical scenario in which you know the exact top (price and date) of this #Bitcoin bull cycle and bottom of the ensuing bear cycle, and you are given two choices:
1) Sell all your bitcoins at the top and buy back as much as you want at the bottom, or
2) hold all bitcoins through the entire bear cycle (you can still buy back more with additional capital if you wish).
Which one would you choose? If 2), why is that?
#asknostr
Cycles are over.
So it’s only up from now on? Apparently, many people believe we are in a « supercycle » (whatever this means). I’m not going to exclude the possibility that this cycle may be greater than previous cycles but it’s not my most likely scenario. Even people calling for a supercycle have a sell target in mind so cycles are certainly not over.
We will see.
But what do you mean by « cycles are over »? No more 75% pullback ever? I’m genuinely curious. Aren’t cycles the greatest constant in all things in life?
Those pullbacks will be always minor with time. As Bitcoin matures the cycles will fade away. Why would the most pristine asset in the world would have cycles? That makes only sense during the earpy days. We are entering a new phase.
Sell a percentage when you have substantial profit. Buy more with it when it drops sufficiently from there. Don't try to find absolutely top or bottom. Ratchet.
Option 1 for all my KYC purchased Bitcoin.
Option 2 for all my Non KYC Bitcoin.
