Kudos to Luke, he called it at 95k last November, sold most of his bags and sidestepped this retrace to 60k
Respect for predicting the market, whales dumping and AI
He played it smart short term for sure and it's noted 👉
But here's the question, where do you actually store those gains safely and sovereignly?
Because once you exit Bitcoin, you're back in fiatdom, counterparty risk and restrictions
Deposit fiat in a bank?Deposit fiat in a bank?
Usual tomfoolery from bank's, freeze accounts, withdrawal limits etc
Keep on exchange?Keep on exchange?
We know this, no need to suck eggs
Into gold?Into gold?
Self custody nightmare, bedroom full of gold lol, or custodian? Ol' Peter will look after it for you 🤣
Going back to fiat land means you dont get to benefit from all the advantages Bitcoin offers you in the first place
Selling means trading sovereignty for counterparty risk
You escape one volatility for anotherYou escape one volatility for another
If the whole point of Bitcoin is to escape the fiat system's control... why trade back into it?
And I haven't even calculated the capital gain cost for selling and buying back in at a lower price, wherever you believe that may be, your cost in taxes has to factor into your decision 🤔
What's your view, stack sats and buy the dips, or sell high buy low?
I know where I'm at