In a recent op-ed piece, crypto advocate/educator Aleksandar Svetski, who is also the co-founder of Australian FinTech startup Amber Labs, which develops Bitcoin investment app Amber, explained in an entertaining way what kind of investors should not be invested in Bitcoin.
Amber Labs’ Bitcoin-only product Amber, which is available for both Android and iOS, makes it easy to invest in Bitcoin.
Svetski’s article, which was published in Bitcoin magazine on January 25 outlined “42 Reasons to sell your Bitcoin.”
Here were the top three reasons:
- “If you believe it won’t go lower: Then you’re in for a rude awakening. Sell your bitcoin.
- If you believe it won’t go higher: Then what are you even doing here? Sell your bitcoin.
- If you believe in 14-year-old tea-leave analysts with large Twitter accounts: If this is the basis upon which you bought bitcoin, then you should definitely sell it all. Drawing lines on a screen helps you understand “why bitcoin” just as much as watching someone else train at the gym helps you lose weight. To understand bitcoin is to acquire some, use it, store it, read endlessly about how it works, why it’s important, the disciplines it touches (energy, economics, anthropology, complexity) and more. The price and market don’t matter unless you think you can outsmart it…“
Svetski concluded his article by saying:
- He is happy whenever the Bitcoin price drops not not because it allows him to buy more satoshis at a lower price but because it “shakes out” the weak hands.
- You can think of Bitcoin as an ark, and “whilst everybody is technically invited, the price of admission is high.”
- Although “Bitcoin is for ‘anyone,'” it is not “for everyone.”
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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