They're fiat minded. Which means they will rebalance at various times before the next wave of investors comes in.
Traders are going to get wrecked & some will also make a bundle of fiat.
The likelihood of a super cycle is pretty high & I've no doubt this narrative will reappear.
Stay humble stack, hodl & remain solvent. This thing is going to get pretty volatile again & I can't wait to see it. 🤙
The worst thing anyone can do is to trade bitcoin. Just stop
100%
I traded Bitcoin thinking that I didn't have enough capital to make a material difference to my life.
With hindsight I can see how retarded that was.
I'd be in a much better position right now if I hadn't acted on those fears. I missed that whole dip in 2020 because I was too busy licking my wounds & cursing my foolishness.
I wish I'd paid more attention to those trying to warn newbies. At the time I just thought that they were trying to pump their bags & provide exit liquidity. Knowing myself, I don't think I could've learned that lesson from others. I had to touch the stove myself.
Same deal with all of us that have been around for a little while. It’s part of the bitcoin journey to fall down and get up.
I remember trying to time the market when I first got into bitcoin. I failed miserably
That’s where I learned that the bitcoin train never stops
Be humble or be humbled. 😅
Big time bro. I think I’ve lost at least 5 coins by just being stupid
The worst thing about that is that loss compounds each cycle. It's a burden you'll always carry. The festering burn scar from touching the stove.
It's really no different to the opportunity cost of the useless crap you bought while knowing about Bitcoin.
I have a pair of shoes that cost me the equivalent of 5 million sats. I bought them just as I was starting to buy Bitcoin. Nice shoes but not that nice.
Ouchie. Price of learning I guess 😅
