source avatarNi North

Share

The details in Saylor’s story are more noteworthy than the “sell low, buy high” narrative. The issue isn’t whether Saylor is bullish on bitcoin:native. It’s the cost of converting conviction into timing. According to the source, Strategy sold 6,916 BTC at an average price of approximately $62,081, then repurchased 4,603 BTC at around $80,318. Individually, each trade is unremarkable. But placed side by side, they reveal something inevitable in markets: You can be right about the asset and still lose money due to poor timing. And that’s the most fascinating point here. Strategy didn’t lack conviction in Bitcoin. What was tested was the ability to stay out of the market without paying a price when re-entering. The market doesn’t always punish bearishness. It punishes those who exit their position and try to re-enter after prices have moved far beyond them. bitcoin:native https://t.co/yDSrulKeup

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.