Sell Only What You Can Afford to Lose

It's a common saying in the crypto world: "Only invest what you can afford to lose." Sound advice, right? It emphasizes the risk of the market and the importance of not overextending yourself financially.

But here's a thought I’ve been reflecting on, especially as we navigate another cycle of bull market hype: many people who believe in Bitcoin still try to time the market. They plan to sell at the top, wait for the dip, and buy back in, hoping to accumulate more BTC. While taking profits is reasonable, it carries significant risks.

Here’s the quote I find more useful: “Sell only what you can afford to lose”—and I mean this in Bitcoin terms.

If you sell your BTC, there’s no guarantee you’ll be able to buy back at a lower price. The market might run away from you, and you could end up buying back fewer BTC for the same or higher cost. In trying to optimize your stack, you could lose part of it altogether.

This isn’t financial advice, but more of a mindset shift I’ve been embracing. If you believe in Bitcoin’s long-term value, think carefully before parting with your sats. Sometimes, the best move is simply holding on for the ride.

What are your thoughts? Does this resonate, or do you still try to time the market?