When To Take Profits On Your Bitcoin
Learn how to buy anonymous Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin
In this video, I discuss the best time to take profits on your Bitcoin-- which is never. As Michael Saylor has said: "Trading Bitcoin is a sign of lesser intellect."
Once you understand that Bitcoin is the hardest money that the world has ever known--
Once you understand that the fiat exits are being closed--
Once you understand that Bitcoin is the only life boat--
Once you understand that you cannot outperform Bitcoin over the long term by holding or trading other assets including other cryptocurrencies--
You will realize that only a fool would jump in and out of a life boat, after having once found the life boat.
The right time to "take profits" on your Bitcoin is never. In fact, the phrase doesn't even make sense:
Taking profits= converting the best money that the world has ever seen into a melting ice cube that you then need to immediately reinvest somewhere (and hope you don't make a mistake and lose it all or get rugged) in order to preserve its rapidly dissipating purchasing power.
In my opinion, the best time to sell your fiat currencies or other assets for Bitcoin was yesterday. The second best time is today.
If you wait too long, even your trading profits could end up trapped on an exchange or in a fiat bank. In that case, you won't have access to your weak money or to Bitcoin either.
The investment choices that you make today are going to have a huge impact on your family's finances, freedom, and security in the coming years. Choose Bitcoin.
Not investment advice! Consult a financial advisor.
Michael Saylor on trading Bitcoin:
https://twitter.com/lopp/status/1667487250542649345
You're Running Out Of Time (Bitcoin):
https://www.youtube.com/watch?v=PFQ9bCtlyPA&ab_channel=BitcoinUniversity
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#trading
#crypto
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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