Guy's Take_095 - When Should I Sell Bitcoin?

"Ossification is complacency. Yes, we all agree that Bitcoin is great. But _I do not agree_ that Bitcoin has reached its full potential. I think complacency is one of the greatest threats to Bitcoin - we must not rest upon our laurels." — Lopp Bitcoin crosses a hundred thousand dollars. Your Bitcoin investment has exploded. You're looking at it and all you can see is how much it's worth in dollars. And so you send your buddy guy a message and you say, "When should I sell my Bitcoin?" And from the average person's perspective, I think what is the logical answer to that question is really difficult to understand. Because it requires a shift in the frame of what you think is worth measuring against. The answer could not be simpler. You don't. You never sell a good money to get more of a bad money. But since that requires explicitly an explanation and a shift in framing, I think it's Time for a guy's take episode. Links to check out The Give-A-Shit Matrix (Link: https://www.youtube.com/watch?v=sHdRT9t1V2E) Bitcoin: Everything divided by 21 million by Knut Svanholm (Link: https://tinyurl.com/4srcttrj) Shelling Out: The Origins of Money by Nick Szabo (Link: https://tinyurl.com/5yv4c3cc) Host Links ⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney) ⁠Guy on X ⁠(Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839) Check out our awesome sponsors! Get ⁠5% off the COLDCARD⁠ with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: https://bitcoinaudible.com/coldcard) Trying to BUY BITCOIN? Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner's banking. (Link: https://bitcoinaudible.com/fold) River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river) Bitcoin Games! Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1) Bitcoin Custodial Multisig Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp) Education & HomeSchooling Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty) ** “It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” ― J.R.R. Tolkien **