With every dip lower people become more demoralized.
The longer we chop the more people get exhausted and leave.
Leverage is getting flushed out over and over again.
It may not feel like the most exciting time, but it's a perfect opportunity to buy more #Bitcoin
That’s fine but when 📈🔥🚀?
I’ve been hearing the same damn “be patient” “keep stackin’” taglines for the last 4 years.
It was there when we didn’t have the blowoff top. It was there as we entered the bear. It was there when FTX blew up. It was there with the ETFs were announced. Now it’s been 5 months since the halving and the price has gone down, consistently. “Still a great time to buy, though.”
“It’s always a good time to buy bitcoin.” Okay, yeah, but - dude - at some point it has to be the asymmetrical payoff to justify this level of stress.
It is about time for this thing to rip.
If you've been stacking for 4 years are you not up something like 300% on your average Bitcoin purchase?
It happens slow and subtly, until it doesn't.
We can easily chop sideways for another 6 months and I'm still going to be here buying more.
I’m up nowhere near 300% … I smash bought a lot, perhaps poorly timed, early. I believed in S2F and made some major moves anchored in that back in 2021. I stacked aggressively every paycheck, every bonus / deferred comp for 3+ years.
My portfolio return profile is more consistent with equities than with paradigm shifting magic internet money. It’s one thing to be underwater on purchases during a bear market…but we’re supposed to be bull running.
I don’t have a lot of patience for the bitcoiners who are preaching “great time to stack cheap sats…” … that’s what the last 3 years have been. Now it is time to inflict some FOMO on the non-believers and cynics.
Class of ‘21 maxi hodlers have done our part…time for us to reap the windfall afforded to previous cycles.
