Just a thought on a Saturday night.
Bitcoin has always had ~30% dips during a bull-run. More than one.
That’s incredibly healthy, and necessary even. Few can ride a bull 8-seconds. No one can work the ranch if they can’t ride the bull.
Bear-markets are where the Soul gets hardened.
Bull-markets are where the the Rider gets hardened.
Strap-on Ladies and Gents!
30% down is low-$7o,ooo’s from here.
If bitcoin goes to $70K I’ll sell one of my rental properties, pay the tax penalty and yeet the whole nut into bitcoin.
It was already at $70K about a month ago.
YEEEET!
but it wan heppen
Why does nobody learn? Today's "normal" is tomorrow's crash. Sell it now and put it in now. If you wait it'll go to $150k and you'll be waiting for a drop to $100k.
I fucking love bitcoin maxis! You’re right, but I’m old and afraid.
Fear comes from a lack of understanding. Bitcoin is not to be feared but embraced. Short term volatility will occur, but long term it is a stable uptrend.
Do not fear a crash, it isn't arriving until peak fomo which is 6 - 10 months away. We can know when it's during the mania phase by analysis of the ratio between the cost to mine a Bitcoin and the cost to buy one on the open market. They are closely tied and often dance around each other.
Only during the mania phase does the price detach temporarily from the mining cost, it goes 3x (2021, less than it should've been due to the China mining ban cutting the mining cost in half mid cycle) to 6x (2017) the mining cost at the peak before fud takes over and the crash occurs.
Move now.
