Bitcoin and You

So as you have noticed, Bitcoin has gone up quite a bit in the past year.

Should you sell it?

Should you take the advice of Jim Cramer and take a little off the top?

Pigs, get fat, hogs, get slaughtered. Blah blah blah.

Should you be a day trader and buy sell, buy sell, buy sell?

No.

That’s what the Wall Street power structure wants you to do. They want you to do that because they make big money off commissions.

The people on CNBC are part of the oligarchy. Their main concern is the welfare of the oligarchy, not you.

Instead, leave the Bitcoin where it is, go to sleep, and wake up in 20 years and see where you are.

I think you’ll be pleasantly surprised and glad that you did.

I know what you are thinking though.

Why not make a lot more money by timing the market? Why not take advantage of all these highs and lows along the way and double your profits?

It looks pretty easy if you look at all the graphs from the past. All you have to do is sell at the peak and buy at the bottom.

Why any fool can do that.

Well, I’m going to tell you why you shouldn’t do that.

Because you won’t time the markets.

Because you can’t time the markets.

Because the graphs from the future aren’t known yet.

And because of this, you’ll get your ass kicked and become disillusioned.

In addition to that, once you sell, what are you going to do if Bitcoin decides to throw a curve at you and go up?

Are you going to buy in?

More than likely you will not buy in and instead wait for it to come down.

But what if it doesn’t do that?

What happens if Bitcoin goes up significantly?

You’ll be kicking yourself in the ass and become even more reluctant to buy in.

The bottom line is this. You can’t time the markets

Nobody can time the markets.

Nobody can time the markets because nobody can predict the future.

All this nonsense of technical analysis is just that – nonsense.

It’s easy for technical analysts to fool you into thinking that you can time the markets, because they show you graphs of the past where the future is known.

Look here, let’s say that you have one Bitcoin worth $50,000 which you decide to sell.

Let’s then say that Bitcoin goes up five fold to $250,000. In that interim time we will also say that you earn extra post tax booty of $200,000. This then gives you $250,000 to invest.

Would you then risk your life savings on one Bitcoin for $250,000?

Probably not.

How about half your life savings?

Again, probably not. You’d be too scared.

Yet, if you had kept your Bitcoin for a total of $250,000 and earned post tax booty of $200,000, would you keep your money in Bitcoin which would represent more than half your life savings?

Yes.

There is something about playing with house money that keeps you in the game.

Your best bet with Bitcoin is to purchase what you can afford to lose, then keep it for the rest of your life.

It can be a pretty good nest egg for you – or at least part of one.

You want to be one of these guys who everybody talks about in the future. Why look at Jim over there. He bought Bitcoin when it was $50,000 back in 2024; and here we are in 2054, and Bitcoin is sitting at 5 million.

Now imagine if you had 5 of those Bitcoins.

Sweet deal, right?

Sincerely,

Archer Crosley

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