This #bitcoin newcomer is considering selling his stack because the price went down after Iran’s strike (and gold went up).
What would you tell him?
(I will share this post with him)
Discussion
he needs to do the work. ...
I get that’s he’s worried but price is where it was mid September. Is he selling for gold?
No clue for what
Interesting though btw
"Zoom out dumbass" (the dumbass part is optional 😅)
The price hasn't really moved. The majority of the upward movement happens in a handful of days or weeks per cycle, & in between we get a lot of sideways movement. You don't want to be out of the market when the best days come. And attributing short term chop to anything in particular is generally just a tactic of people selling hype or FUD.
The price could actually dump in a short term move before we start upward again, but that is just a buying opportunity. It's never a good idea to sell the most scarce thing to ever exist. We don't know what the price will do tomorrow, but we do know there will always be more dollars & more gold there will only ever be 21mil bitcoin. Listening to Bitcoin Audible can help too.
