GM☕ #coffeechain

About the 'Left Translated Cycle':

Even for the most level-headed bitcoiner there is a certain dogmatic belief in the 4-year cycles.

Like astrologers looks to the stars, or shitcoiners look to their charts, we have all sortof baked in an underlying assumption that the future will play out like the past.

This regularity is part of our conviction, it's part of how we cope. We know that if we just HODL after a huge loss the gods will rewards us with a bull market within a couple of years.

The notion of a 'Left Translated Cycle' is a prime example of this bias IMO. Even when the chart clearly shows us that all our models are destroyed we are still trying to fit it in to our existing framework of a regularily repeating pattern (the 4-year cycles).

I think you should be mentally prepared for a 10 year bull run, but also be mentally prepared for Bitcoin to be flat for 5 years (which is probably not realistic at this point, but might happen in the future).

Those that don't might:

1. Sell during the expected bull market of 12-18 months, trying to

time the top. But then never get back in because Bitcoin just

continues to run for years.

2. Sell during a bear market because they didn't get the bull market

when they expected (within the 4-year cycle framework).