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.”
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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.
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