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0 sats \ 10 replies \ @clr 4 Apr \ parent \ on: Bitcoin "Gold 2.0" My Ass. bitcoin
HFSP.
Bitcoin is not going away.
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0 sats \ 9 replies \ @Fabs OP 4 Apr
Says Mr. 0.002 BTC.
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0 sats \ 8 replies \ @clr 4 Apr
Have Fun Staying Rich, if you are going to use your bitcoin for something meaningful, whatever that is.
If you are going to exchange it for euros, then HFSP. You have been warned.
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0 sats \ 7 replies \ @Fabs OP 4 Apr
Ever thought of buying back at a lower price? Because I don't see where the money for a rebound would be coming from.
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0 sats \ 6 replies \ @clr 4 Apr
Of course I've thought about that. It's like selling your place in the lifeboat to try to buy it later at a "lower" price. Or like collecting cents in front of a steamroller.
I know someone who mortgaged their house to buy bitcoin, panicked and sold everything during the covid crash, had to pay capital gains tax and then bought again at more than 2x the price. Hope it serves as a cautionary tale.
I also know several people who had been "trading" and admitted that had they just held, they would have come out the same or better and with much less stress. Time in the market is more important than timing the market.
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0 sats \ 5 replies \ @Fabs OP 4 Apr
Bitcoin hasn't been acting as said "lifeboat", or has it? It's a risk-on asset and multiples more volatile than other things, and since even traditional markets are being hit, I don't think that a break out to the downside is far away.
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105 sats \ 4 replies \ @clr 4 Apr
Yes, it has acted as a lifeboat. Yes, it's volatile. Just look at how the life raft bounces up and down with the waves and compare it with the "stability" of the sinking ship. And in the lifeboat there is no heating, no light, no roof, no drinks and no orchestra. The purpose of the lifeboat is to save lives, not to be comfortable. Comfort will come in due course (UX is improving, LN is becoming more reliable and volatility is decreasing).
The euro is very comfortable. The comfort of the boiling frogs. But any politician or bureaucrat can take away your comforts with a keystroke if they don't like you or fall out of favor or whatever. If you don't have a place in the lifeboat, you will have to jump straight into the freezing water (or stay put and listen to the orchestra until the end, while you pretend that everything is fine).
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