Re: Bit careful with Bitcoin (Was: Trump is in)

Hi,
If you have a large high valued position, you
have to be always be alert, because of:
Concentration risk
https://en.wikipedia.org/wiki/Concentration_risk
On the other hand if your portfolio is more
diversified, you can be more relaxed.
Basically Bitcoiners are brain damaged, they
don't trust banks, because of their defaulting
risk, and more crazily they confuse the
banks defaulting risk and claim its not owning an
asset. On the other hand they blindly believe
into a riskless narrative of Bitcoin, because
they think they truly own something. Like when
they have their own Hardware Keys. But we will see
how this all works out. Might be tragic to watch,
who knows when and what will happen?
Bye
Mild Shock schrieb:

Hi,
 Its more complicated. For example with a simple
100k investment just before the USA elections in
november 2024, you could make 40k in a few days,
 and you didn't need Bitcoin for that.
 Bye
 P.S.: Not sure whether this was a simple play
from the book. You would also need to have some
sensory for Kamala versus Trump, when there was
 tipping point and how Trump was more pro Bitcoin.
But you didn't need Bitcoin itself for that. Might
have been a play from this book, you can apply
 both Uptrend and Downtrend Exit Strategies:
 Chandelier Exit (CE) is a volatility-based indicator
It is based on the hypothesis that a trend reversal is
highly probable when the price of an asset moves against
an existing trend up to three times the average volatility.
https://corporatefinanceinstitute.com/resources/equities/chandelier-exit/
 You might want to apply an Uptrend Exit Strategy
because you want to diversify your portfolio.
Diversification could be more important for you
 than short time big wins, or even only short time
big wins which are only in the books. Most Bitcoiners
don't understand that high valued instruments
 are always risky when not diversified, there is
no exception to Bitcoin.
 Physfitfreak schrieb:

As I said before, you're just jealous that you sold all your bitcoins when it was $27k :)
>
It is above $107k now!

But is it true? Care or not care is not the point.