Why can’t I sell my Bitcoin and buy back at a lower price?

The answer to almost every why can't I question is because we don't know. So for example, investing on the outside looks easy. The first question people have is well how hard could that be? I'll just buy low and sell high. The problem is we can't know what is low and what is high unless it's in retrospect. So in retrospect, everybody remembers feeling like something was low or feeling like it was high after it's in the rearview mirror. And we know, for example, $126,000, people are like, "It felt high to me." No, it didn't. Everybody thought it was going to go higher. Down at $60,000, a ton of people were predicting Bitcoin was going to go a lot lower back in February last month. And guess what? It hasn't. But at the time, everybody thought it was going lower. Otherwise, it would have bounced off of 60,000 even faster than it did, which was already really fast. So, we can't know except in the rearview mirror. So same people often ask uh the question why can't I sell my Bitcoin and buy back in at a lower price. Again it's a why can't question. What do we know about why can't questions? They are answered because we don't know. We don't know why or we don't know if the price today will ever be lower. So you don't know what high is. So you can't sell your Bitcoin now and buy it back at a lower price because you don't know that there will ever be a lower price. And you don't know that the price right now is a high price comparatively. You don't know. There's no way to know that. And there's no way to know at a low to buy in at a lower price. Again, even I've been in this for, you know, eight nine years now since 2017. So that's a long time. So since I've been in Bitcoin, I bought additional Bitcoin with a Bitcoin backed loan on strike at $82,000. Well, why did I do that? Because $82,000 at the time as Bitcoin was crashing back in January or whenever it was felt like a really low price. Prior to that, I had bought hundreds of thousands of dollars of Bitcoin at $95,000 by selling gold and silver. Uh why did I do that? Because $95,000 seemed like a cheap price. Because there's no way to know in the short term what a high or a low price is. Just seemed like it was discounted. Seemed like it was on sale. And I'm glad I bought Bitcoin at 95. And I'm glad I bought Bitcoin at 82. And every t chance I get right now, I'm buying more Bitcoin because I don't know what low is. I don't know what high is. I just know in the long call I want to own as much Bitcoin as conceivably possible. So again, why can't I borrow against my Bitcoin and buy more Bitcoin? The answer is because you don't know what the subsequent low will be and therefore you don't know if you're going to get liquidated because you're not going to be able to make a margin call or you're going to hit the liquidation percent that triggers liquidation of your loan, which means you lose your collateral. uh it doesn't mean you lose the Bitcoin you bought with your collateral, but you lose your collateral, which typically leaves you much worse off. So, in investing, this is just constantly the problem of why can't why can't I time the market because we don't know what high and low is. We don't know when it's going to be high and low. We don't know what times of day are the best time to buy unless we look at the past. And guess what? As soon as somebody figures out that the best time to buy and sell Bitcoin in the past was certain times of day or certain days of the week, as soon as people figure that out, then everybody starts doing that and then it reverses and you can't do that anymore and some other time of day of the week or or anything. So all these things that people do that result in them having less Bitcoin almost always involve starting with why can't why can't I buy low and sell high? Why can't I sell my Bitcoin and buy back lower? Why can't I borrow against my Bitcoin and uh you know when the price is nice and low and make sure I don't get liquidated? And the answer is we don't know what high is. We don't know what low is. We don't know what your liquidation price is going to be as compared to what the lowest the price of the market could ever go is. We don't know any of that stuff. All we know is that Bitcoin is a fantastic asset because it has better monetary properties than anything else on the planet or the universe. Okay? If something is a better money and if humans are going to use money which we are then eventually it will out compete everything else which means they out it will outperform everything else because 95% of the world owns zero bitcoin and the 5% of the world who does own some bitcoin most people it's like 50 bucks or 200 bucks or some relatively small amount of money. So as a result of that, as the world wakes up and buys way more Bitcoin, the world will end up, you know, driving the price of Bitcoin much higher. And I want to own as much conceivable Bitcoin as I can when that happens. So I know that's going to happen, but I don't know exactly. I know that is going to happen. I don't know when that's going to happen. I don't know if that's next month, next year. I don't know if it's going to take 10 years to reach a million dollars. I don't know if it's going to take five years. Nobody knows any of these things. which is why my advice always stays the same, which is buy as much Bitcoin as you can and hold on to it for as long as conceivably possible. That is the advice that has never failed for 17 years now. Buy as much Bitcoin as you can, hold on to it for as long as conceivably possible. That eventually is always the right answer. And that is what we can know. All the other what'sifs, whatifs, and why can't I, the answer to all the other ones is because we can't know. We can't know those things. What we can know is Bitcoin has better monetary properties and therefore will out compete all other monies in the long term and therefore will be a much higher price. That is what we invest on. Not the timing of this, the timing of that, the timing of the market, the selling, buying.