Row 62289

Row ID: 62289 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 62289 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I'm so tired of overreactions to what the market is doing. Up, down, pump, dump.... it's such a simple concept to understand, but even hardcore bitcoiners still treat it like another asset. It's not.

Bitcoin is not something I bough in the hopes of selling it for more. It IS my balance. If I feel like I want to invest in a stock, and I'm sure I want to do that, sure, sell some BTC and put that into the stock. If I need to make a purchase, or want to get me something that satisfies me, sure, sell some BTC for it. But I'm not looking at when I'm going to "take profits" or "go back in", wtf? If I'm paid in Dollars or Euros or whatever, I put that in BTC, and leave it there. It's my liquidity. I'm not going back and forth between having a lot of BTC and having a lot of FIAT. I have assets and belongings, and I have money, which is BTC. Of course there's always some FIAT in between since it's the middleman as of right now, but that's all it is.

If you believe in BTC, use it as your monetary value, and use/sell it if you want to buy something or pay for something big, and stop worrying about it.

If you don't believe in BTC, don't use it and keep all your monetary value in whatever you're paid in, and stop worrying about BTC.

And yes, if you time the market correctly you can cash out 7 months before you actually need to buy something, and end up having sold less BTC than doing it then. The reverse can also happen. Also, if you need to buy an SSD for your PC, if you bought it 7 months ago before you needed it you would have gotten it a lot cheaper too. It's not just BTC/FIAT that changes, literally everything changes, constantly. But you buy it when you need it, and that's that. Of course there are some extremes, where you know it's absolutely the tip of the mountain and it will go back to "normal" again, in those cases you can wait, same goes for converting back and forth between FIAT and BTC. But for the most parts, you're not gonna hold off on doing something, or even worse, get something you don't know yet if you need it in the future, just based on speculation about future price. If your car brakes down when prices are up, you're in bad luck, happens. If it happens when the prices are low, you're in luck. But it doesn't change the fact you just do what you have to do and move on.

FieldValue
text I'm so tired of overreactions to what the market is doing. Up, down, pump, dump.... it's such a simple concept to understand, but even hardcore bitcoiners still treat it like another asset. It's not. Bitcoin is not something I bough in the hopes of selling it for more. It IS my balance. If I feel like I want to invest in a stock, and I'm sure I want to do that, sure, sell some BTC and put that into the stock. If I need to make a purchase, or want to get me something that satisfies me, sure, sel…
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-23
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Raw Record

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  "text": "I'm so tired of overreactions to what the market is doing. Up, down, pump, dump.... it's such a simple concept to understand, but even hardcore bitcoiners still treat it like another asset. It's not.\n\nBitcoin is not something I bough in the hopes of selling it for more. It IS my balance. If I feel like I want to invest in a stock, and I'm sure I want to do that, sure, sell some BTC and put that into the stock. If I need to make a purchase, or want to get me something that satisfies me, sure, sell some BTC for it. But I'm not looking at when I'm going to \"take profits\" or \"go back in\", wtf? If I'm paid in Dollars or Euros or whatever, I put that in BTC, and leave it there. It's my liquidity. I'm not going back and forth between having a lot of BTC and having a lot of FIAT. I have assets and belongings, and I have money, which is BTC. Of course there's always some FIAT in between since it's the middleman as of right now, but that's all it is.\n\nIf you believe in BTC, use it as your monetary value, and use/sell it if you want to buy something or pay for something big, and stop worrying about it.\n\nIf you don't believe in BTC, don't use it and keep all your monetary value in whatever you're paid in, and stop worrying about BTC.\n\nAnd yes, if you time the market correctly you can cash out 7 months before you actually need to buy something, and end up having sold less BTC than doing it then. The reverse can also happen. Also, if you need to buy an SSD for your PC, if you bought it 7 months ago before you needed it you would have gotten it a lot cheaper too. It's not just BTC/FIAT that changes, literally everything changes, constantly. But you buy it when you need it, and that's that. Of course there are some extremes, where you know it's absolutely the tip of the mountain and it will go back to \"normal\" again, in those cases you can wait, same goes for converting back and forth between FIAT and BTC. But for the most parts, you're not gonna hold off on doing something, or even worse, get something you don't know yet if you need it in the future, just based on speculation about future price. If your car brakes down when prices are up, you're in bad luck, happens. If it happens when the prices are low, you're in luck. But it doesn't change the fact you just do what you have to do and move on.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-23",
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}
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