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RE: If Bitcoin's eventually going north of $500k, we probably shouldn't worry too much about dips

in LeoFinance3 months ago

I agree. If your investing horizon is a lifetime, these little 30% fluctuations will make little difference. Sure, your gains might be a bit larger. However, it also assumes you want to sell. Why sell when you can collateralize?

You're right. Of a $50 dollar cost average buy, I only lose or gain a few dollars from daily price fluctuation. Hardly life-changing. If I had a few thousand to invest, I could see price being significant. But, at $500,000 BTC, will it have mattered that much?

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Well it only means your gains will be larger if you time things correctly and get back in. I've sold near short term tops several times, the problem is that it's a lot tougher to know when to get back in than you might think. In many cases I never got back and the price went way higher, making my sell at that short term top the wrong move because I couldn't get back in.