In 2019 a friend made fun of me for having bitcoin. Last night he tried connecting with me over both of us owning bitcoins. I called him out and reminded him how small he made me sound back in the day when I tried to put him on. I had been holding since then. Never sold. He apparently has been buying low and selling high, no idea if he’s selling everytime there’s a 1% profit or what but he then started telling me that I’m stupid for buying and holding and that it’s better to buy and sell and buy and sell.
My thought to that is that you’re just paying for more transaction fees and taxes as opposed to just holding.
But maybe I’m wrong what are your thoughts.
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