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Re:More Men Are Addicted to the 'Crack Cocaine' of the Stock... by DonsDiscountGas on Tuesday December 24, 2024 @09:49PM (#42506503)
If you haven't already, now might be a good time to sell some of that bitcoin
Re:More Men Are Addicted to the 'Crack Cocaine' of the Stock... by edm0nd on Tuesday December 24, 2024 @11:54PM (#42506931)
Hard disagree. 2025 is going to be a huge pro-crypto year IMO.
Re:More Men Are Addicted to the 'Crack Cocaine' of the Stock... by boopk on Tuesday December 24, 2024 @10:09PM (#42506576)
okay I don't comment on here often, can check my post history, but absolutely would not sell your bitcoin any time soon considering we have a pro crypto president and have an approx 40% chance of a bitcoin strategic reserve within the first 100 days. terrible advice tbh.
Re:More Men Are Addicted to the 'Crack Cocaine' of the Stock... by skybrian on Tuesday December 24, 2024 @11:16PM (#42506789)
I think the word some is doing most of the work there. There are other investments, too, you know. Diversifying means you sleep better.

(Also, Congress just showed that many Republicans won’t listen to Trump, or Musk, when they have other ideas.)

Re:More Men Are Addicted to the 'Crack Cocaine' of the Stock... by boopk on Wednesday December 25, 2024 @01:09AM (#42507188)
I wouldn't sell any imo. if anything his conviction should have grown. sell now for what? to buy back higher in 4 years? diversifying in assets that historically perform worse would not make me sleep better tbh esp considering the events on the horizon for btc... nation states buying, US strategic reserve potential, microstrategy issuing 10b stock proposal, etf's buying at an alarming rate. Way too much happening imo to sell at the precipice of what very well could be the end of consumer friendly pricing for btc.
Re:More Men Are Addicted to the 'Crack Cocaine' of the Stock... by skybrian on Wednesday December 25, 2024 @07:39AM (#42508519)
If you’re right that Bitcoin will go up, there is no need to buy any back because when Bitcoin goes up, it becomes a larger part of your portfolio. To rebalance your portfolio (get back to the same percentage), you need to sell more as it goes up.
Re:More Men Are Addicted to the 'Crack Cocaine' of the Stock... by raincole on Tuesday December 24, 2024 @10:38PM (#42506662)
Yeah HN has been giving this advice since BTC was at 60k.

And 30k.

And 10k.

Re:More Men Are Addicted to the 'Crack Cocaine' of the Stock... by rqtwteye on Thursday December 26, 2024 @09:01PM (#42519372)
I mined a ton of bitcoin with a friend when it was really new and then forgot about it because it was useless at the time.

I kicked myself already at 1k and would have sold then. That is, if I hadn't thrown away the disk with they keys