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May 21, 2022, 07:18:38 AM |
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Models, models everywhere! [insert meme here]
So much talking about models, when everything we need to know has already been given to us in the White Paper.
Three things:
1. Supply is halved every 4 years -- 50 > 25 > 12.5 > 6.25 BTC ... 2. Buy whenever you can (disregarding current price -- "It's going up forever, Laura!"). 3. Sell only when you must (disregarding current price -- you only live once).
I just apply the above and not worry one bit about current price action. Has served me well over the years. My Bitcoin's value is currently around 15x of my initial investment (down from >30x at ATH, but still massive). Why change something that works?
Sure, one could try to time the market and buy/sell at local minima/maxima, respectively, but is it really worth the risk, stress and effort? To me, NO! I just apply (2) and (3), and let (1) practically guarantee profits in the long term. Emphasis on "long", because time is an essential ingredient to the above sauce. It won't taste good if you serve it early -- and might kill you too.
My 2 sats.
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