Subnostr

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Patrick Schnitter

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

Jeff Booth 2y ago

Depends on timing of other news but generally no.

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Discussion

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.

Jeff Booth 2y ago

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

Patrick Schnitter 2y ago

Good point. Thanks for your feedback.

Purple Horse 2y ago

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