Orange pillers don’t have the foresight and vision to realize that bitcoins best days are ahead of us, and will always live in the past and wonder what if? But that is not a healthy mindset, that leads to nihilism. All one can do is accept the current reality we all face and try to do the best we can. They are always wrong with their trades, so it’s no wonder why they are always so miserable. It’s absolutely possible to lose money on something that just goes up. The majority of investors lose money. Patience and conviction are needed. Orange pillers still be like, stay humble, bitcoin hasn’t won anything yet! It can go up or down! That is why they will end up capitulating and shitcoining. They think they deserve to get rich more than ppl who are already rich. Even if the already rich will help pump their btc bags. It’s sour grapes.
Discussion
Imagine thinking btc isn’t going to have exponential gains from here when the overwhelming majority of the world has still never bought a single sat. Delulu. Supply and demand will take place regardless. These retards still need to take Econ 101. Overconfident, underprepared. A dangerous combo.
You can see the unit of account bias in the orange pillers demonstrate their lack of foresight and vision. They be like, “you will never be able to afford to retire with .1 btc! Hopium!” But they are not imagining btc to keep pumping forever, they are imagining it to trade sideways basically. They are thinking of how much .1 btc is currently worth or was worth when they first started focusing on btc. But the math maths, btc is going to pump to infinity, and .1 of infinity is a lot more than most ppl will ever be able to acquire. Most Current millionaires will not be able to acquire this much as they do not even realize there is a race going on. Do they just expect no one ever to retire? It’s hilarious how little of conviction they have. They truly will keep taking Ls due to this.
The fixed supply and absolute scarcity really haven’t even come into the world’s consciousness yet. Once it does, price will reflect it. Then the orange pillers will continue to miss out and live in the past. Live in a world of what ifs. Not seeing that they are making the same mistakes over and over. Their loss. At least they can be influencers on the internet, that’s what’s important.
There is still a ton of information asymmetry left in the market. The price reflects this. If ppl understood what we do, price would be in the millions already. But you can’t try to explain these concepts to ops, their nihilism and negativity will take over. Their regrets will be top of mind. So just let them keep missing out. Who cares lol
With stocks, they have stock splits to help with this bias. There is nothing like this in btc, so the unit of account bias and feeling of being late is more in your face, but it’s the same idea. Early ppl get more gains. That’s how it should work. That’s how risk vs reward works. It was a lot more risky to invest in Apple when they almost just went bankrupt and brought Jobs back in versus now where they are the clear leader and winner. But they will still keep growing. They will add btc to their balance sheet too just like microstrategy. Ops just lack the foresight and conviction to get rich. Most ppl do
Ops basically want risk reduced rewards. They want the bitcoin that exists in 2024 but at much riskier price levels. As if. Don’t we all! But the men in the arena know better.
Look at how they act currently. They were all calling for $10k during the last bear, and still think it’s a possibility. But the market at he bottom was pre-etf approvals, total fear, influencers all panicking, no tradfi ppl endorsing it, etc. the market has completely changed and matured since then. To think it will go back to those levels is just moronic. But again, they want the post etf approval btc at the pre etf approval prices. Markets don’t work that way thankfully. If they weren’t huge pussies and had conviction, they would have saw this coming and bought the bottom, not sell it. But alas, they are huge pussies and their wives call the shots. Sad
Going back to econ 101, price = supply vs demand. The halving also has occurred since then which decreases the new supply . The demand has ramped up with etf buyers. It’s all so tiresome constantly explaining this, but what I have learned is you cannot teach foresight or conviction. It rests with the individual
Ops are a “wait and see” and a “what’s the source?” Type of crowd. Not exactly a bunch of big thinkers. Even the self proclaimed smart ones that preach diversification and dollar cost averaging lololol