Oddbean new post about | logout
 If it’s pumping this much of a Sunday, will Monday be a continuation or a sell off 🤔 
 Sell off. There's always profit taking.  
 Not always. I’ve seen even harder pumps on Mondays. 
 That my friend, for the short-term traders, is the golden question

My feel: I don't care, as I am long, and not anywhere near a price or timeline HODL target

My instinct: this week is going to absolutely rip
 
 You have a target?! 

We hodl into eternity 👊 
 Absolutely I do. As an investor, if you don't have any idea when you can get liquidity on something, or at what level you take a profit, then you're just a gambler. 

Now, as I've learnt more and more, I don't really see Bitcoin as an investment, but just a savings technology, and the best money ever accessible to man

But the investment lens I've honed over time is applicable to all area's of life. Health, wealth, etc. So I like to use it

Many think I am bearish, but in 2022 I set a August 2024 150k aud price target. We're right on track!
 
 So there’s a point you see yourself selling at? 

I don’t. There’s nothing to sell into worth anything. 
 Your Life > Butcoin

I agree with you if you have a good fiat mining job so you can have great quality time moments with your family/friends with your salary.

But if not, I totally can understand someone who sells Bitcoin at a certain price. So he can have these moments in life with a certain amount of his bitcoin.

Sure, selling Bitcoin to invest in other stuff or to buy consumables other than food is not worth it. 
 Interesting. I don’t think about it that way. I have those moments you describe for free, every week. And I also don’t need material wealth. I would rather forgo any potentially gained benefits (not even sure what they would be since it’s all free anyway), than sell. Not even sure what you’d sell for … a scam currency? A home? A vacation? 

To me, bitcoin is a game. And there’s no fun in beating it. Just enjoy the gameplay. 
 Nothing in this world is for free.

I don't know your situation and I don't want to assume things that are not true.

It is a too big topic to discuss in form of writing, I think.

What I would sell Bitcoin for?

A scam currency for sure not. 

A home? Depends. Does you current living situation harm your health and could a home improve this? If yes and I never could buy it with my fiat job money, why not? There are million other consideration one could make here.

Vacation? Maybe. No simple beach vacation but to show my parents and kids some places around the world I visited and had a great impact in my live, definitely yes. If we could not afford this with our fiat job.

To make it clear, I don't sell it for material things per se. But to improve life quality, health, safety.

Could you explain what do you mean that Bitcoin is a game for you?
Because for me, in this clown world everything got a game because of money printing.

Bitcoin for me is pure reality. In this reality I can save my energy in form of purchasing power to use it for whatever I think is worth trading my saved energy for. 
 I’d need to write an essay to explain because it ties into my identity I guess. Too lengthy to get into here. Not worth so much self talk. 

Fair enough. 🤝 
 Pump: the ETFs can’t buy on Sunday. 
 Dip to 50k next week 🙏 
 No matter what - #Bitcoin is just the eternal dancing beauty through light and dark. Never ignore this.
https://image.nostr.build/4b6c578ced5b9036bf847f8058e09c6ccbbd3f5fb75ed3a1d07899db6d6d5820.jpg
#art #artstr #artonnostr #drawing #pencil #poetry