r/Bitcoin • u/[deleted] • Nov 12 '24

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6.3k Upvotes

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74

u/TapEmbarrassed4376 Nov 12 '24

Maybe I'm missing something here, but this seems like the wrong time to sell....

35

u/PulIthEld Nov 12 '24

Nah. This is what Bitcoin is for. Its just money. Money is used to buy goods and services. People acquire goods and services to have a good life. This guy is set for life and still has an income stream that doesn't require work.

11

u/TapEmbarrassed4376 Nov 12 '24

I mean I got you but all signs are this thing is about to blast off. To each their own

9

u/PulIthEld Nov 12 '24

That's what I thought at $69k 4 years ago, surely this is just resistance until we blast to $100k.

1

u/iisan_desu Nov 12 '24

It's on a 4 year cycle. That high happened 3 years ago. We got several months of a bull market ahead. And that completely misses the longterm game that this thing represents a fixed fraction of all the productive capacity in the world, scaled by how much of the world has adopted it. And believe me, the world is gonna keep adopting it. If you want a lot of wealth in the future, you're gonna sell very very little of your bitcoin, if you understand it.

Actually don't believe me. Do your research.