There are only two reasons to sell an asset in a fiat system:
#1. To buy something you want to use
#2. To buy a better asset
The people who ask, “When will you sell your bitcoin,” generally don’t understand this.
Adam Dunlap ⚡️
npub1zam7...n5ar
BTC class of 2017. Creator of the Dunlap Delay financial metric. First person* to suggest variable time locks for hardware wallets. Looking for my place in the Bitcoin world.
Notes (4)
I’m so grateful for nostr:nprofile1qqsrtv3u6qkj6a09tnhr3l0wy67g9uw3t57ftqyqpvztpk3wmd6306spz3mhxue69uhkummnw3ezummcw3ezuer9wcq3wamnwvaz7tmwdaehgu3wvekhgtnhd9azucnf0g47revm and nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq32amnwvaz7tm9v3jkutnwdaehgu3wd3skueq4ulz2v and the work they’ve done to make buying bitcoin easy. I don’t feel pulled to check the Bitcoin price anymore. I feel pulled to check my balance. And it’s always one of the highlights of my week.
Hodling Bitcoin is TOO easy. That’s why people don’t do it.
For many, once you have a lot of Bitcoin it becomes boring. Let’s say you stacked early and you have 100 BTC. What are you going to do now? Work a job and stack another .5 btc this year? What’s the point?
Once you have enough Bitcoin and you’ve accepted the thesis,, hodling Bitcoin becomes is TOO easy. This is why so many Bitcoiners eventually wander off to other coins and ideas. It was chasing interesting, new ideas that got them into Bitcoin and made them an early adopter, and they are continuing the cycle of chasing new ideas.
The answer is action.