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
Discussion
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