I am still a relatively noob to bitcoin (class of 22) and I don’t understand what and how it does to your mind. It was close to $50k when I started buying and it has done nothing but go down and I have kept buying every single paycheck. I’m underwater on price and have yet to see a single fiat gain but I don’t care.

If anything I am less stressed and more calm holding bitcoin. It doesn’t make sense. If it was a stock or bond I would have sold out long ago but I don’t think of it as a investment. It’s savings and a safe haven.

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This is the way. 🤙

⚡️HODL

Spoken like an OG. Welcome new ser. Patience is a virtue. You will be rewarded.

You literally got raped and think it’s ok. Stockholm syndrome? You helped many other crypto people make a lot of money off your misery

#[4] in two years

You're not the only one.

I know a LOT (staring at the BTC community) of people make grandiose statements about price not mattering and how it's a safe haven etc etc.

But it can and has be extremely volatile in price over the short and medium term. If you need to convert the BTC to fiat in the short term, this isn't ideal and is high risk.

As you zoom out a bit and lower your time preference ratio (The Bitcoin Standard explains this nicely) it becomes a different story.

It's a bet or wager on a financial revolution. An intergenerational shift in asset class.

Revisit your risk tolerances often. But a lot of people understand how you feel. 🫡

You sound like someone who holds their own keys & understands what that really means. Congrats 😊

Right on the "money" with your point.

Just think to yourself "Was I going to sell right away?"

The Sats are cheap and on-sale right now. People are using this opportunity to build great things within Bitcoin and attached to Bitcoin right now.

Saving should be something done for the long term while using the rest of the time learning and growing.

Also we are all noobs to Bitcoin.

Stay humble. Stack sats. 🤙

The first cycle drawdown is the toughest … it really taxes your conviction. After you’ve survived your 1st cycle it becomes more about validation (time investment, correct thesis etc) than price …

respect. and with every additional purchase at these prices your avg cost basis will go down. 🤙😎

Kudos to you for allowing reason to prevail over emotion. It’s especially impressive that you’ve developed conviction without having experienced the upside potential.

What else can you buy really?

I’m in a similar position. I think what most people don’t realise is that Bitcoin won’t ever change its core attributes, and how valuable that is. The main narrative will never change either.