In the short term, that's certainly true, but in the long term, I haven't sold a single bitcoin:native coin since I started buying it in 2017. In fact, I've never sold one (excluding the dual-currency testing, which wasn't much anyway). For me, buying spot is simply about getting it at a reasonable price. The Bitcoin on the left (Binance) is what I bought in the last year, currently valued at around $83,000. The BTC on the right is what I bought on OKX last cycle and has been sitting there ever since. By the way, my binancecoin:native and ethereum:0x75231f58b43240c9718dd58b4967c5114342a86c were also bought last cycle, though not many. In short, I'm incredibly stingy in the Bitcoin world. I've said it countless times: I never plan to sell any BTC in my life; they're all for my "chipsquirrel" (a metaphor for someone who saves up for a pittance).