I actually think it's possible to time the cycle top.
But there are two problems even if you can:
1. You won't want to put as much in at the next market low.
2. Your government may not let you put as much in at the next market low.
Keep in mind that major Aussie banks for example, now have limits of $10k / month into anything crypto.
That means it would take about 9 months to buy 1 bitcoin at current prices.
Probably just as stressful as just riding the wave down.
How sure are you that your government won't implement similar restrictions?
How sure are you that you could put as much back in anyway?
Just keep stacking.
#Bitcoin #zap #nostr #plebchain
We had a problems for local withdrawal, it limit monthly amount. But self custody no limit but must declare why send out with details.
Yes even withdrawals can be an issue
As Bitcoin catches on (and it will), governments are going to make it more difficult to buy bitcoin except via ETFs. It’s a control thing. What’re we going to do then? Or do people feel this is not a thing?
Exactly. They are incentivised to take the same direction as they did with gold.
We need to be there to spend says for goods and services once the masses wake up.
You’re absolutely right. I only just got it once you’d mentioned it. The only way to combat the ETF (as the only on ramp) is to keep the peer to peer functionality alive. That means buying and spending Bitcoin. This would become much easier if we insist on earning in Bitcoin.
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These are the kind of thoughts that matter. Always keep stacking!
I don't plan to try to time a top but if I did I would feel safer swapping in to tether than I would in to AUD.
Good point.
Just take the tax out in aud to be safe
500 days before halving is the bottom and 500 days after the halving is the top
Chart it on your chart with the monthly or weekly it plays out every cycle
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