Cramer selling some bitcoin.

zenlot said:
One never sells Bitcoin. If it retraces, you just buy more. What you'll be selling it into? Fiat? Why?
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Did you think the Bitcoin price will move higher more for a few years later?
I ever have Bitcoin but after bubble 2017 then sold all BTC and no any left till today.
 
radex78 said:
Did you think the Bitcoin price will move higher more for a few years later?
I ever have Bitcoin but after bubble 2017 then sold all BTC and no any left till today.
More...



How many did you own before the bubble bursted??

And you just bought today after all this euphoria?

Wow
 
radex78 said:
Did you think the Bitcoin price will move higher more for a few years later?
I ever have Bitcoin but after bubble 2017 then sold all BTC and no any left till today.
More...

I haven't owned BTC with the expectation of it to go higher. It's not the point, you're comparing its value against fiat, and in my view it should be BTC/other cryptos as your currency portfolio, not the high risk government controlled printing machines.
 
It makes sense to close some positions and take the profit.

Then leave remaining positions open for a few more months/years.
 
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But what's profit in this case? Converting cryptos to fiat - it's always a downside in my view, as the system is broken. You profit only if you keep your cryptos, ignoring the current value against fiat. Say you live in a country where EUR, GBP or USD is your main currency, in normal circumstances you do not look how much you profit against VES (V. Bolivar). Same here, if you own BTC, ETH, etc... - you don't need to compare its value against fiat.
 
zenlot said:
I haven't owned BTC with the expectation of it to go higher. It's not the point, you're comparing its value against fiat, and in my view it should be BTC/other cryptos as your currency portfolio, not the high risk government controlled printing machines.
More...

BTC value can be changed on a whim. Fiat is at least backed by governments.
 
Governments doesn't provide you peace of mind in fiat value retention, at least not now, arguably never. BTC doesn't need government backing and can work across the world. No government can offer you what BTC offers by default.
 
Where was your post again a few days ago where you announced you sold 1/3 of your holdings? Must have been there if you bother to talk about no events like this. By the way I sold all my holdings during the 2000 bubble 1 week after it peaked ;-)

Axon said:
I sold about a quarter of my stack when it hit 64500 on Kraken a few days ago. Even in a meteoric rise, bitcoin regularly retraces 30% or so before taking back off. Happened multiple times in 2013, 2017, 2019 preceding the eventual big dump, and it happened in January 2021 though the next big dump is still over the horizon. I'll either get back all in on the next 30% retrace or sell more as it keeps going up. When I finally sell out, I'll wait for the big 80+% crash to get in. That'll happen too. Either way good times are being had.
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Really? How many concurrent bitcoin transactions can settle per minute? What do you think current demand is for transaction settlement?

zenlot said:
Governments doesn't provide you peace of mind in fiat value retention, at least not now, arguably never. BTC doesn't need government backing and can work across the world. No government can offer you what BTC offers by default.
More...
 
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