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Only a fool would sell Bitcoin at this point in time...

avatar of @hackedvenezola1
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@hackedvenezola1
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2 min read

BTC has been trading at roughly $39,000 for at least a week. It felt like it had recently morphed into a stablecoin. BTC almost reached $40,000 last night, but when I checked the market this morning, it was hovering around $38,000.

Who was selling at these prices?

That was the question I was asking myself at the time, and it appears that @mindtrap was thinking along the same lines as me. I understand that if you sell now and the price drops to $30,000 or even lower, you would have the opportunity to buy more, but is the risk worth it?

It isn't, in my opinion. On the contrary, as I said in a previous piece, I'm trying to add more, and I'm unlikely to ever sell it. It's just not worth selling bitcoin; I no longer consider it a speculative asset. From my perspective, it has a "fuck you money" attitude, and it may soon become sound money.

Why?

Why wouldn't it? We live in a digital age marred by wars, not just in Ukraine (though that is the most widely publicized), high inflation, the loss of purchasing power of almost every currency in the world, a global war between "us and them," high levels of propaganda and manipulation, excessive government control, and "international political warfare."

I was in crypto for over four years mostly to make money. That was because I was aware of the volatility of cryptocurrencies and the relatively stable side of fiat money, and I was attempting to earn more money with less, similar to buying low and selling high ;).

Everything that is going on in the globe right now, and the entire scenario, which appears to be more of a foreplay than an actual act, leads to extremely difficult times ahead. As a result, I no longer consider it a tradeable or even speculative asset.

It's a weapon against tyranny, political control, hyperinflation, censorship, war, poverty, propaganda, and even mental disorders... since holding bitcoin makes one feel more at peace while looking at the world.

BTC will be worth $1,000,000 sooner than most people imagine, but that doesn't really important since, at some time, we'll have to cognitively divorce it from any currency and perceive it for what it is, or, to put it another way, as I explained it above.

If the Russia-Ukraine conflict is viewed as a black swan occurrence, this is the second in two years. Knowing how strong Bitcoin became after the beginning, I can only picture how strong it will get in the future. It's no longer about gaining money; instead, it's about utilizing it as a shield. That's probably why it was formed in the first place.

Thanks for attention, Hackedvenezola1

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