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Asako
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2024-06-29 08:15:55

Asako on Nostr: If you don't buy when the price drops, when will you buy? I don't believe people ...

If you don't buy when the price drops, when will you buy?

I don't believe people bought bitcoins with anything other than spare cash. Those who bought a few years ago are now worth ten times what they were worth. I doubt anyone is cashing in.


A shocking number of people email me and ask about bitcoin price predictions over the next 3-9 months or so.

They’re generally along the lines of, “Okay, but what do you think the odds are that we have a big recession, get a liquify shock, and bitcoin retests $30k? I read this article by [insert macro permabear] and he said that…”

I’m going to start replying with nothing but my pictures of beaches or something. Very few people build wealth by trying to catch every twist and turn of the market. Focus on long-term trends.
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