Michael Saylor Shared: Governments and central banks have caused inflation to skyrocket and you’re going to sell Bitcoin now?
Community Response: Yes, sell half of it and then buy when it dips to 44k or 45k, or lower.
42k in the shot. When you’ve gone through countless more than trades to increase your wealth, it’s all worth doing.
The paper hands crowd are selling out to whales. Lowest conviction levels since 2015.
They’re selling to buy lower, I actually did that when it was 53k and bought again at 48k.
Getting desperate, held. Everyone knows #bitcoin is not an inflation edge. It’s no better than high beta equities.
What is your point of view? My view is simply whenever there is panic in market I’m only buying. Seems like a good idea, but I’m more interested in early 2022.
Of course, people sell Bitcoin to buy hex. When you stake hex you get paid with the inflation. Is it a no brainer or is it an IQ-test?
So when the government and central banks get a plan in place to address inflation, then Bitcoin might go up. Despite all the dip, we need just to hold.
Persistence is victory. Please don’t end the dip yet, I’m waiting for my first pay check at this job.
With the higher correlation between equities and Bitcoin as of late, it appears that people could have been buying Bitcoin on margin against their equities. So slight drawdowns in equities could be forcing people to deleverage.
I’m going to buy some. Inflation=taxation as high as they want to go. Yet we have taxation without representation.
Inflation in the US and Europe is around 6 dec-7% in reality it is between 10-20% this could be a new rally trigger for crypto.
As illogical as it is, when fearful, people fall will fall back to their habits and in general, people are habitually addicted to their currency. They will hoard it the same way they hoarded TP in 2020.
I guess they’re selling because they can’t afford to live the lives they have. Problem is, can they really afford to sell. I am more buying Bitcoin.
What’s the point in selling now when times are at their worst? You bought Bitcoin for times like this.
I actually thought about selling some, so must be the bottom soon. But thanks for bringing some sense back to me.
I know, this setup is exactly why we buy and HODL Bitcoin. I guess this means we’re still really early.
Massive inflation was announced when bitcoin was at almost $70k. It’s now much lower even though inflation has gotten worse since then. If it’s such a great hedge then you’d expect it to go up – not down – on such news. Also, if it’s the perfect asset it doesn’t need 24/7 hype.
If you’re selling you’re crazy, should be doing what you can to be a buyer at these prices. Bitcoin.
My only concern is I do not have enough crypto. I’m scrounging any loose Inflated Biden Bucks I can spare. 2021 was amazing. 2022 going to be even more wild.
People selling are hoping to buy back lower. It’s called “market cycle”. Bitcoin is not immune to that truth and never will. Also, a price that’ll not skyrocket like crazy it’s the only healthy way for mass adoption.
Bitcoiners, has warned that current fiat system could pose a serious threat to the establishment of human development. I wouldn’t advice anyone to sell Bitcoin right now, rather wait for the launch of $CRTI and invest massively in it.
Never have been more convinced that majority of us still don’t get the true meaning and implications of bitcoin. As we didn’t understand the internet until it was on our face. 100k, 200k, that’s not the point.
The point is you can send money to your friend in another country now without delays and high fees. You can hold a reliable deflationary asset for your whole life knowing no one will print more. Zoom out and look 10 years ahead.
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