They penalize you for cashing it out early bc they want to keep the Ponzi going. It’s all based on human nature. If ppl stop participating in the Ponzi, look out. Uncharted territory
Discussion
I remember murad was going on the podcast circle jerk with his smug ass voice with full confidence that bitcoin was going to crash another 50% from the bottom to $1000-$1500 and all the ops bought into it. He was so smart and popular! The same thing happened in 2015. All the experts were so sure that we would see $100-$150 again. Unfortunately I was naive back then and listened to those idiots. I vowed never to make that mistake again. When everyone is so sure of another 50% drop after a huge drop and blood in the streets, that is the bottom. There are no sellers left.
Then murad got rekt by trading with leverage and he is no where to be found. The ops have all gaslit their trash takes by now. So much capitulation since then. It happened again after ftx, they were all so sure that $10k or lower was imminent. Now they are like, who me? I never said that. I stacked heavy! lol sure
Bitcoin is a marathon, not a sprint. Most ppl ever involved in btc have already capitulated. It’s not easy to hodl. Well it is now with Wall Street buying, but in the pre etf era it was insanely difficult. That’s why we all still see the same faces on BT and nostr. It’s a small network. It’s like that thread I made a while ago that nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs brought to bt, ppl wouldn’t have held in their delusions that they wish they bought sooner. They would have capitulated, turned bitter, and have zero btc rn. Just be grateful you understand it now and grasp that conviction is everything
It’s a really astute point. And if you’re going to be wrong, be wrong in an optimistic fashion. I’ve made a lot of wrong bull calls that haven’t been proven right… yet. But they will be eventually. Meanwhile the people who said bitcoin was going sub 10k post ftx have to sit there in there wrongness and be wrong forever.
“We weren’t wrong, we just extend the timeline” lol
I def thought btc would be a million dollars already but it doesn’t really matter since I don’t have leverage and can just keep waiting. Still driving an old car lol lifestyle creep gets most ppl in general. Patience is key.
"I’ve made a lot of wrong bull calls that haven’t been proven right… yet. But they will be eventually." They won't be considered right to Peter McCormack, pretty sure he won't be giving you back the bitcoin you lost to him!
Truth.
Retirement accounts are prison cells for your money, it took me about 5 seconds to realize this when I finally grokked Bitcoin