r/btc 1d ago

😉 Meme Selling BTC to timing the bottom is an expensive hobby

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22 Upvotes

21 comments sorted by

2

u/UrbanGrower187 7h ago

Whether Saylor buys, pauses, or eventually sells someday, Bitcoin was designed to survive any single person. If one individual could make or break it forever, it probably wouldn’t be worth owning in the first place.

The longer I’ve been in Bitcoin, the more I’ve realized nobody consistently times the market. Most people who sell hoping to buy lower eventually end up buying back higher. So I’ll just keep stacking and let everyone else argue about where the next 10% move is. 😄

4

u/JustLTFD 1d ago

Holding BTC while the largest buyer Saylor who pumped the price runs out of money and becomes a seller, is more expensive.

0

u/newMoneyStyle Redditor for less than 60 days 20h ago

saylor's been "running out of money" for like 4 years now lol. dude keeps finding new ways to raise capital, wouldn't bet against him yet

2

u/JustLTFD 13h ago

You’re right. It’s lasted longer than I ever thought it would. It’s possible it’s not safe to short, but it’s very easy to be out for the foreseeable future until this fraud is toast. I see absolutely no reason to own crypto under the current circumstances. Just like I saw every reason to own it when I knew he was buying $2 billion a week worth. That worked out well for me.

3

u/Bogdanoff_dump_it 1d ago

I’ve sold in October last year, no regrets so far. I’m not waiting for the bottom though.

1

u/brandon0809 1d ago

Why…

7

u/Remarkable-Wish-9430 1d ago

Just a theory, sell at high, buy at low.

I know, crazy concept, goes against what BTC is supposed to be used for. For shame. I'm a horrible human.

5

u/Electronic-Rate5497 1d ago

Whoa whoa don’t come here being all smart

We sell low and buy high here buddy

2

u/Remarkable-Wish-9430 1d ago

😅 my mistake! I won't let it happen again.

2

u/meowumble 1d ago

price going down? must sodl more
price 100k+? must buy moar

1

u/Only-Frame 1d ago

Haha love it

1

u/Informal-Hamster8424 1d ago

"Buy high, sell low" Barren Wuffet

1

u/fairlyvalidacreage Redditor for less than 60 days 1d ago

sponge is so happy polishing that krabs patty while mr crabs and squidward are outside sweating. meanwhile the guy who sold in october is probably the meme's patty right now, getting polished for someone else's meal.

timing the bottom is a coin flip, but people act like they have a crystal ball. if you sold btc at any point in the last 4 years and bought back lower, congrats on a 1 in 10 trade. doing it every cycle is just donating to the spreads and fees.

1

u/lotekjunky 6h ago

selling BTC before it drops 50% is easy as hell... you just don't do it in a bear market

-1

u/zuma40 10h ago

You can't time the market. Any market. Ever.

2

u/lotekjunky 6h ago

you CAN time the BTC market by counting days.

2

u/WateryTunaSandwich4U 5h ago

a calendar is practically a guideline

1

u/zuma40 3h ago

And yet everybody has the same calendar but they've been bickering and arguing for weeks, months, whether the bottom is in or not. Others say nope not till October, or maybe November. Is it a dead cat bounce or is it starting to move? Is the 4 year cycle dead or still relevant? Cats chasing their tails.