Just recently, another chart popped
Posted: Mon Jan 20, 2025 3:28 am
Just recently, another chart popped up which claimed technical analysis proving that bitcoin had lengthening bull market cycles, and that another price pump was just around the corner! The tweet below was posted on Jan 3, 2022, and predicted a violent price movement to the upside.
15% drop followed from $49 to $42
Of course, by Jan 6, 2022, we had flushed from $49,000 down to $42,000. Again, if netherlands whatsapp number data traded based on this model, you would have lost money.
Trading bitcoin is not a good way to make money. The most compelling reason why you shouldn’t trade on a regular basis is that even if you can win sometimes, you can’t win all the time. Trading bitcoin is not a good way to generate cash flow for your daily living, especially when you consider the tax implications of your winning trades!
Leveraging Your Bitcoin Holdings For Cash Flow
Bitcoin isn’t a company, and doesn’t create products or services to generate cash flow. There are companies which use bitcoin, but bitcoin itself doesn’t pay holders a yield or dividend.
Bitcoin doesn’t make money. Bitcoin is money.
Because bitcoin is a scarce asset, limited to 21 million units, as more people continually buy, the price is expected to rise. This is basic supply and demand.
15% drop followed from $49 to $42
Of course, by Jan 6, 2022, we had flushed from $49,000 down to $42,000. Again, if netherlands whatsapp number data traded based on this model, you would have lost money.
Trading bitcoin is not a good way to make money. The most compelling reason why you shouldn’t trade on a regular basis is that even if you can win sometimes, you can’t win all the time. Trading bitcoin is not a good way to generate cash flow for your daily living, especially when you consider the tax implications of your winning trades!
Leveraging Your Bitcoin Holdings For Cash Flow
Bitcoin isn’t a company, and doesn’t create products or services to generate cash flow. There are companies which use bitcoin, but bitcoin itself doesn’t pay holders a yield or dividend.
Bitcoin doesn’t make money. Bitcoin is money.
Because bitcoin is a scarce asset, limited to 21 million units, as more people continually buy, the price is expected to rise. This is basic supply and demand.