Bitcoin's 10 trillion dollar valuation is fast approaching

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Buyers strike… why would…

You should plough 70% back to buy the dip.

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4500 is the line in the sand. Monday :slight_smile: is fun, either sharp decline or :rocket:, unlikely to be :zzz: I will regret not selling the other 40% or regret selling the other 40%.

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He is not a buy n hold investor.

He is a trader.

@SVRE you can’t communicate with traders using buy n hold ideas. Ditto the other way round.
Buy n hold investors believe can’t market time, virtue of all-in all the time, company fundamentals and ignore market conditions.
Traders believe in market time, position sizing, entry and exit timing, and follow market conditions.

Constant debate on which ones yield the most profits over a long period.
Is like Wei qi 圍棋 (aka go), which approach is better,
a. secure a corner and expands from there = trading
b. form a huge encirclement = investing

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Ok, all I know is about myself - whenever I have tried to trade stocks I have only lost money. All of my profits come from long term buy-n-hold. Hence, my HODLing suggestion in challenging times such as these…

The thought has crossed my mind but i avoid risky weekend trading. Got young kids. :tired_face:

Haha yeah, I think some years it’s a trader market and some it’s not. This year definitely has been an awesome environment for traders. I expect to hold once the true bear market hits. My trading return for 2 trading account is up 2x+ this year but I expect this will be dampened significantly starting next year. I’ve been thinking a lot about conditions next year…stagflation seems like a best scenario in my mind. Not good for stocks imo.

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I was joking. Volatility and uncertainty are too high to take that kind of risk.

Great thread:

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That guy either goes to prison, or he will be the richest person on earth.

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Enjoy the BTC slides to $20k.

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Ben x TechDev:

I hope crypto all goes to zero. Meme stocks too

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Bitcoin bear market has begun