#bitcoin☀️ is crashing. Most people should sell. I am waiting to buy more. All markets go up and down. Many people make a lot of money “trading” markets which means buying low and hopefully selling low. The problem with “trading” any asset is taxes, specifically “short term” capital gains taxes. My strategy is similar to Warren Buffets “buy and hold on forever.”
What am I doing if not trading assets? I spend my time building new assets, which is why I am a “serial entrepreneur”. Currently I am working on two new “ start-ups.”
If crashes terrify you, sell and hang on tight to your job, which is what most “employees” should do.
Simply said entrepreneurs and employees are opposite sides of the same coin.
Take care. Rough times ahead. Do what is best for you. $BTC
I know that current market dump seems endless. However, I think we will form the local bottom pretty soon!
✍️ I have already started to buy #BTC and already bought some alts. Now let me present a fractal from late December 2023 that I anticipate to happen again!
There are multiple stages: - firstly the range is formed - then #BTC is unable to break the range highs and dives back - bulls pull their bids higher, anticipating the bounce - #BTC pumps and breaks out of the range
A friend of mine said a phrase that really got me, he said "it feels like alts are exhausted of dumping". I also believe we are a week or two away from major reversal!