Executive chairman of one of the world’s largest pro-Bitcoin companies, Saylor took a moment out of his busy schedule at the Los Angeles Pacific Bitcoin conference to speak with Cointelegraph. Crucially, Saylor told Cointelegraph that when it comes to Bitcoin, “you have to take a long frame time perspective.”
“If you’re buying [Bitcoin] and you’ve got less than a four-year time horizon, you’re just speculating in it. And once you’ve got more than a four-year time horizon, then the obvious thing is you dollar-cost average.”. Saylor continued, “You buy the asset that you want to hold for a decade or longer, which is the long-term store of value.”of the total supply of Bitcoin, as the total Bitcoin mined is restricted to 21 million.
“A logical model is if you live in Argentina, you’re holding pesos for a month or two, you’re holding dollars for a year or two. You’re holding Bitcoin for a decade or two. And when you think about it in those frequencies and time frames, it all starts to make sense.”
JoeNakamoto Set your goals 🎯 Follow a plan 📃 Be patient 😎
JoeNakamoto Isn't it high time wee were mentioning thiss?!
JoeNakamoto Wow I didn’t know saylor didn’t go through the 2018-19 crash cycle!!! What a permabull noob…. Lol
Is your first one? you're up for a ride! It gets easier over time.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, Coinbase Confirms Holding 2 Million BTC – Market Updates Bitcoin NewsBitcoin moved back above $16,000, as markets continued to react to the news that Coinbase holds 2 million bitcoin worth $39.9 billion. $BTC has been always unpredictable, and definitely trading will have very little to no success in this environment. Therefore the need for gems like EchelonFDN $ECH you can hodl or stake long term in your private wallet for massive gains $Dollar $ETH Arbitrum $BNB airdrop $LTC SupportCoinbase ✊ Congratulations all who bought BTC under 16^ including me. Bought some with my USDT.
Source: BTCTN - 🏆 531. / 51 Read more »
Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’ – Bitcoin NewsThe news Coinbase CEO Brian Armstrong shared comes at a time when the public is looking directly at exchange balances following FTX’s turbulent collapse. Gemini planned this to trap our funds, they must have gotten a handsome cut, now Genesis declaring bankruptcy to get off the hook deCENTRALIZED Coinbase is moving to be rekt in near time
Source: BTCTN - 🏆 531. / 51 Read more »
First Mover Asia: Bitcoin Holds Firm Over $16K After Tracking Stocks UpwardALSO: James Rubin writes that Changpeng Zhao and Elon Musk, among others, have spoken freely when discussing the fallout from cryptos' rapidly expanding crises and the individuals behind them. But they haven't always been consistent. JPRubin23 bitcoin to $5,000 confirmed JPRubin23 😂😂😂show the volume... JPRubin23 bottom looks like 1600 to me...minus tether
Source: CoinDesk - 🏆 291. / 63 Read more »