I think they understand very well. None of these business are necessary when the adoption continues to exponentially grow. Jamie Dimon is the most vocal about his fear because he is most aware of what it will do to his business. Warren Buffet and Charlie Munger are the same. They require the system to stay the same, for everyone to be a fiat debt slave, to grow their businesses.
Bitcoin distribution
- Thread starter wxytrader
- Start date
So I plan to do the exact same thing as you (take some profits) and I’m “not a real bitcoiner” bc it’s only 60% of my portfolio not 100%??
I believe is Bitcoin … but in 2024 you still need regular fiat money to you know … live.
I have run my own node. I have held since 2017. People like you are why we still aren’t taken seriously. Fuck off
Yes it's all relative...some could sell 90% of their Bitcoin assets and still have more than 10x what some other diehard hodlr has. No point waiting for a billion dollar Bitcoin 40 years from now and not being able to fully enjoy it. Also it's still an unsecured asset with no recourse if you lose your coins...there's that to consider while hodling... especially with quantum computers on the horizon.
No, I do not fault you or anyone for holding what you think is the appropriate size, but why should it be ok for you to call us egomaniacs and insane for holding much higher?
Even if bitcoin price goes to $300k by eoy, I won't cash out that much. I don't need that much fiat, and I have a family with kids and no job
We're not frugal, either, we stay at 5 star luxury hotels when we want for fun
, in 2021 we paid cash for Tesla, here, we paid cash for a huge van, might still buy a Tesla if bitcoin goes as high as I think, even though Tesla is not practical here where I'm at
People like me are the reason we did not go below $14k even with all the liquidation from the TradFi thieves. We're the hodlers and buyers of last resort
People like me are the 70% hodlers who have not moved out bitcoins despite the price going up 300%, even as TradFi keep offering higher and higher price we still do not move our bitcoins
Bitcoin has taken off. The etf's are here and continue to buy. Bitcoin is decentralized, doesn't matter what hodlers think, Wall Street is here
I cannot fuck off, planning to hodl bitcoins until I die and teach my kids to hodl the hardest money in the history of mankind
I'm 4 years behind. When did the calendar "turn the page" to 2028 already?
I see you got religion.
I think its a decent exit strategy if you absolutely have to but there is an age old trading/investing adage in play now.
To paraphrase:Its one thing to be right,it's another to sit tight.
Thats where the big money will be made.
fine and peace and love. Sorry for saying egomaniac, maybe that was unfair. My point, which I still stand behind, is SOME diversification is a more humble way to invest no matter how sure you are (and as you should know I totally agree with you about Bitcoin)
The other stuff in your comments I don’t understand. We are on the same team. I also didn’t sell in the 80% drawdown. I also bought on the way down at 40k, and 30k, and 20k and 16k. I bought my first bitcoin at 3000 like 6 years ago that I still hold!
we are going to win, I just don’t want 100% of my portfolio in Bitcoin and that’s ok. Insisting people should will unfortunately make more main stream finance people not take us as seriously as they should.
The more important thing is in another topic I said it looked like BTC was topping and so far it looks like we are topping.
I would like to see a double correction down to 40k's by fall, which would align with the usual dump after a halvening, and then the BIG move to new ath's.
BUT just eyeballing the chart it feels like this could blow through 100k by the end of the month.
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