💬 Selling $BTC is a casino game with unfavorable terms - Adam Back ( CEO of Blockstream and creator of Hashcash )
* If you try to sell Bitcoin by catching drawdowns, the odds are against you. The trend is going up and you're hoping for a pullback. Anything that goes up quickly will have high volatility.
* Over the last 10 years, BTC has returned +39,000% despite corrections of 80% or more.
* Long-term holding of BTC has historically paid off, and trying to “play” volatility more often results in losses.
* Current Bitcoin growth driver: institutional demand (public companies, sovereign wealth funds and governments)
