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74 sats \ 4 replies \ @Undisciplined 13 May \ on: If Bitcoin Hits $100k next day, Do you sell or HODL? bitcoin_beginners
The premise of your question is that fiat is money and bitcoin is an investment. I doubt any of us ran out and bought a bunch of Yen, in the name of profit taking.
If the purchasing power of Bitcoin jumps, I may be more inclined to buy something with it, but I'm never going to be interested in exchanging it for fiat.
Yes, the premise of most of these "sell" questions is wrong. They are not "selling bitcoin", they are "buying dollars".
What if I told you about a shitcoin that was $30 trillion dollars in debt, run by an octogenarian lifelong scammer, and had no apparent means of ever paying back it debt.....when does that ever look like a good deal?
I AM NEVER SELLING! I will however buy things as I need them.
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No, it's not. May be my presentation is a little odd.
I truly believe that SN people won't do it for fiat but what about others?
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Lots of finance people day trade bitcoin as though it were any other asset. That will certainly continue for a long time.
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It's sad but true my friend.
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