It's probably a week since BTC is changing hands at around $39,000. It felt like it had become some sort of a stablecoin lately. Last night BTC almost touched $40,000, but this morning when I checked the market it was hanging at a bit over $38,000.
Who sold at these price levels?
That's the question that I asked myself at that time and it seems that @mindtrap was on the same reasoning side with myself. I know, you can have the chance to buy more, if selling now and it crashes to $30,000 or even lower, but is the risk worth?
I'd say it's not.
On the contrary, I am looking to add more, as I mentioned in a post recently and I'm probably never gonna sell it. It's simply not worth selling bitcoin anymore, I don't see it as a speculative asset anymore. It has the "fuck you money" stance from my side and it might soon become sound money.
Why?
Why wouldn't it... in a digital age salted with wars, not just in Ukraine(that's just the most advertised one), high inflation, decreasing purchasing power of almost every currency in the world, a war estate between "us and them", high levels of propagandas and manipulation, excessive government control and "international political warfare".
For almost four years I was in crypto mostly to make money. That was due to the fact that I was aware of the volatility of cryptocurrencies and the pretty stable side of fiat money trying to make more with less, something like buying low and selling high ;).
Everything happening in the world right now, and the whole situation sure looks more like a foreplay than the actual act points towards very harsh times ahead. Hence I no longer see it as a tradeable asset or even a speculative one.
It's the missile against tyranny, governmental control, hyperinflation, censorship, war, poverty, propaganda and even mental diseases... cuz yeah, one feels more relaxed looking at the world while owning bitcoin.
BTC is going to be worth $1,000,000 sooner than most are expecting, but that doesn't really matter because at some point we will have to at least mentally decouple from pairing it with any currency and instead see it as it is, or better said, as I described it above.
If we consider the Russia-Ukraine war as a black swan event then we have the second one in two years. Knowing how strong Bitcoin got after the first one, I can only imagine how is it going to be down the road. It's not about money making anymore, it's more about using it as shield. I guess that's what it was created for in the first place.
Thanks for attention,
Adrian
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Even Elon Musk doesn't sell any of his assets like Bitcoin, Ethereum or Dogecoin these times, thus for sure it is not a time to do so. It will only appreciate in the future with its scarce supply.
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Elon knows it.
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As they say, a fool and his money are soon parted.
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First time I hear it. Sounds legit.
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Whales are cautious these days, they stopped accumulating hardly...
I think we can see BTC at 30K very soon, prepare your budget for then
It depends a lot on the selling pressure.
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I agree with you, even if the Covid-swan came out quite from nowhere. The war is changing the facts day by day. So I am not fully sure we will see another market crash like the one in March2020. I more expect high volatility, and that's why I keep bracket orders triggered, to keep surfing the movements.
There's a lot of misinformation around the war.
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I agree. Unfortunately, history is never told from both its sides
https://peakd.com/hive-167922/@hackedvenezola1/only-a-fool-would-sell-bitcoin-at-this-point-in-time
Is that you? Or some bad bad boy?
:))
No, that's not me. Feels great, though, knowing that I finally got plagiarized...
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I guess it shows how good you are with your article.
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Or just lucky
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Whichever one, it's still the same because nobody copies a dullard.
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I don't plan on selling but it could just be some whales pushing prices around.
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They're always doing that.
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We expect this sort of thing from time to time. Just avoid the charts right now
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If people have been patient for this long I will say there is literally no point to sell.
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True.
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And I ain't no fool :D
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No doubt about that.
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Well, you've actually made a point, many like yourself still do believe in the growth of bitcoin, and truth be told, everything happening now, is just foreplay to prepare us for what is about to happen and it is only a stupid person that won't be ready for the future after seeing what is happening around them
But then, I ask, if no one sells bitcoin, who then will you buy it from since you plan on accumulating as much as possible for the future of it?
You see, we will always have a seller as long as we will always have a buyer too except it's whale doing those stuff.
You are welcome.😁
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At some point we won't have that much selling, that's for sure, meanwhile...
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Well, I am thinking in terms of exchange. Bitcoin isn't built like other chains we currently have that are faster and feeless. The best bet for bitcoin right now is to become the global currency--the unit of exchange and every other crypto with sats can improve on their models and become better media of exchange. Everything is tied to bitcoin at this point.
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This was the inspiration for my scheduled post coming (posting soon). I think the ultimate goal is decoupling from fiat. That is the real milestone to reach, anything else is secondly. I don't care which coin or blockchain does it. I just need it to happen
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Could not agree more! Especially because Bitcoin is one of the view real decentralized projects out there. I think this is a clear future investment :)
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I agree with this completely. The only thing that could make this not be the case would be a nuclear war, or something taking out the internet and power for a significant amount of time.
If that happened though there would be plenty of other problems to worry about.
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Hours before I found your post I sold some BTC today for the purpose of buying CUB to stake in a Kingdom at Cub Fiannce. The CUB will do more for me short-term and long-term than the BTC, so I pulled the trigger on my selling BTC for CUB.
Cashing out of BTC for fiat currency at this point would have been a mistake, though.
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Smiles, the fool would one day become wise after realizing his mistake. 😅😂 funny enough, there are people selling their bitcoin everyday and you can probably say they are the ones who don't know much about crypto and were told by someone to give it a try with aims of making quick gains and money.
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Your article was plagiarized by others in https://read.cash/@anecta/only-a-fool-would-sell-bitcoin-right-now-835130b2
Reach out to read.cash admin and downvote the user @anecta
Thanks, but I'm not using readcash. If you use it feel free to do that.