Recently, I appeared as a guest in the Mr. In the podcast M, you can hear from your host. Maurizio (Mr. M), and I discussed many of the realities of investing in bitcoin that often aren’t discussed with enough nuance.
For context, Maurizio He wanted to talk about a certain topic. Take I wrote last week entitled “Don’t Buy The Bitcoin Dip,” in which I shared that we’ve already been in a bitcoin bull market for over two years and that now likely isn’t the best time to make sizable bitcoin purchases. (Please note that, in the article, I didn’t encourage anyone to sell their bitcoin, nor did I suggest that they stop dollar-cost averaging into the asset.)
We discussed the piece and also touched on some other dynamics involved with investing in bitcoin that don’t often get brought up. So, I figured I’d share some bullet points from the conversation here as a teaser for the episode.
When You can invest in bitcoins:
- Sell some if you need some cash, and it’s better to do this while bitcoin’s price is high
- Not Don’t go all-in on Bitcoin; a buffer of cash can help you to cope with the volatility.
- Consider timing when making larger bitcoin purchases; bitcoin’s price goes through boom and bust cycles, and it’s best to buy during bear markets
These points are important because louder voices can be heard in many places. Bitcoin space broadcast messages like “Buy The following are some of the ways to get in touch with us. dip” or “Never selling!” (my favorite example of this is the episode of What Bitcoin Did entitled “Buy the Fucking Dip” that was published at the near the tippy top of the 2021 bull market), prompting those new to the space or who might benefit from selling or spending some bitcoin during a bull market not to.
Had I not sold some bitcoin during the latter part of the previous bull run, I wouldn’t have had the cash buffer that made it easier for me to quit my previous job, which was making me miserable, so that I had some financial breathing room while looking for work in the Bitcoin space. And Here I am, now writing articles Bitcoin Magazine It is partly because I have sold some bitcoins that I am able to earn a decent living.
SoUnderstanding that Bitcoin This tool can be applied in many ways. Examine Consider your own circumstances and how you will use bitcoin. Don’t just listen to the devout HODLers who may make you feel like less of a Bitcoiner for doing what’s best for you.
This Article is an Take. Opinions expressed are entirely the authThe following are some examples of how to use's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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