Hello friends,
As you all know, there exists an event in bitcoin known as the halving where the block reward is cut in half thereby decreasing the rate of inflation accordingly.
Historically, it has been a bullish event. But then again, all bitcoin knows is mooning relentlessly for the most part (we started at 0 fellas).
My advice would be not to extrapolate the past into the future. In particular, I don't believe this halving will be like the last. Although, this post isn't to share my opinion, it is to question yours. Do you assume the halving will cause your bags to pump and are overexposed to bitcoin? What if bitcoin goes to $1000.
I hope, like me, you are prepared for the worst and don't delude yourselves into thinking the improbably can never happen.
People have a tendency to underestimate the probability of the improbable and this is a large part of what Nassim Taleb's book, The Black Swan, is about. I would highly recommend reading his Incerto series as a trader, because it gives very good perspective.
Who knows what is going to happen? I don't. You don't. Don't fool yourself into thinking you do. Don't bet 100% on things you believe are 100% certain to happen.
tldr: the having is hocus pocus
Good luck and don't be stupid,
Shkreli
As you all know, there exists an event in bitcoin known as the halving where the block reward is cut in half thereby decreasing the rate of inflation accordingly.
Historically, it has been a bullish event. But then again, all bitcoin knows is mooning relentlessly for the most part (we started at 0 fellas).
My advice would be not to extrapolate the past into the future. In particular, I don't believe this halving will be like the last. Although, this post isn't to share my opinion, it is to question yours. Do you assume the halving will cause your bags to pump and are overexposed to bitcoin? What if bitcoin goes to $1000.
I hope, like me, you are prepared for the worst and don't delude yourselves into thinking the improbably can never happen.
People have a tendency to underestimate the probability of the improbable and this is a large part of what Nassim Taleb's book, The Black Swan, is about. I would highly recommend reading his Incerto series as a trader, because it gives very good perspective.
Who knows what is going to happen? I don't. You don't. Don't fool yourself into thinking you do. Don't bet 100% on things you believe are 100% certain to happen.
tldr: the having is hocus pocus
Good luck and don't be stupid,
Shkreli