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FT₿ Profile picture
FT₿
@FullTimeBitcoin
Full Time #Bitcoin: Node operator, miner, Bitcoin angel investor, coinjoiner, optech reader, sat stacker
Nov 5, 2019 • 19 tweets • 4 min read
So you’re smart enough to know not to trade bitcoin, you #stacksats, but you’re still considering a little dabble “in this next cycle.” Maybe sell 5-10% of your stash near the top, wait for the absurd Mayer Multiple, then buy back in and have more sats!
I wouldn’t, here’s why: Let’s look at something resembling a best case scenario. You have 10 BTC, you decide to sell 10% right at the $250k top. You take you’re $250k and buy back in at $50k getting 5 BTC. Now you have 14, you’re a genius! Hyperbitcoinization here we come.