Since we last discussed BTC I decided to sell off a bit today and not hold out for an even larger profit. What say you?
What say I?
I say good for you to sell any amount, and “a bit” is better than none. Not as good as selling all of it, though.
BTC is way up now because it is more scarce - mining is going down to a trickle, as China closes down more and more operations. I saw vid recently of a confiscated pile of mining machines were steam rolled. Less mining equals higher current prices.
The fundamentals are bleak for BTC. As a fiat crypto, it will trade a bit longer... may rise may fall. However, at some point, it’s not a matter of selling lower, as it will just stop trading altogether. It’s “final” price, the last trade that will ever occur, could be $45k, could be $25k. However, I’ll postulate it will not be trading down to $0... it just will effectively become $0, as the remaining BTC holders just get left “holding the bag”.
BTC is “dirty” money, with unfortunately many good folks, FR’s too, trading and owning it. It was created by the Deep State (CIA) and used for nefarious purposes. By nefarious, I mean child trafficking and drugs. As camoflage, trading is open to good people... many believe in it as the future. It is not. The future is precious-metals based currency... and crypt as well (think XRP... there are many others).
As much as BTC is up currently, silver/gold are down. Given the above, if you accept that, you might come to the conclusion that this is a fantastic time to convert BTC to PMs. Especially silver, as that is artificially held down more than gold. PMs also have an evil component - paper PMs. It’s been used by the deep state as well to manipulate the price. However, paper PMs, like BTC itself, is going bye-bye. Look up Basel Tier 3 assets. Once paper PMs go poof, PMs will significantly rise. See usdebtclock.org prices for a rough idea (only rough, as the dollar as a benchmark is flawed).