Quote:
Originally Posted by tarheels2222
Not exactly, when fiat is finite.
You have a finite amount of funds that you can hold in fiat or BTC.
All else being equal; that is, assuming it's not your full bank-roll, ignoring trading fees/time etc, assuming you are a skilled trader, etc.
You either think:
BTC is going up (at least in the short-term) and so funds are best held in BTC, or
BTC is going down short-term, and so funds are best kept in fiat
Therefore ALL funds at any time, should either be held in BTC or fiat.
So, if you're "obviously not selling", then you should be buying (holding all funds in BTC.) "Waiting for a pullback" is not buying, which is essentially the same as selling, and if you think there will be a better time to buy later, then you should sell all your BTC.