Tyler Winklevoss expressed, “6 months ago, 37k Bitcoin would have been a dream come true. Perspective is crucial for a HODLer.”
This could be bad news for those who entered the market when it was at an all-time high. Many of them are like; I lost my house and wife today. Well, the spouse perspective is crucial for several HODLers.
Some of them are confident that the price will go up because: It’s hard to see the numbers, but the history don’t lie. They are like: Buy it ALL!! Can’t stop won’t stop buy, buy, buy.
The excitement is not the same among all because: The buy-in price is probably an important variable to consider alongside $37k bitcoin.
About the $37K, some are like: what concerns me is that BTC’s fundamental value thesis as an SOV or financial “life raft” may have been invalidated by not responding to excessive Fed money printing, but instead responding to the whims of an eccentric, self-dealing billionaire.
It is very obvious that Bitcoin is not a retail game anywhere. Institutional investors have stepped in. With the whales in the sandbox, Dumps and Pumps will be magnified. Some are like the store of value line is over.
BTC advocates state, as Bitcoin hits $10T and then $100T market cap, the amount of influence one person can have goes down proportionally.
Many are still confused as to: How an asset that can drop 25% in a few hours, can be used as a store of value or medium of exchange?
Perspective is knowing you could have HODL the last 3.5 years and done better with 1/100 of risk. Perspective at the moment is acknowledging today was hideous!
Even with Bitcoin, it takes time to build wealth. Greedy investors are obviously disappointed with their own perspectives.
Ultimate Lesson: People who bought in at 20k in Dec 2017 and HODLed all the way down to $3500 and back again understand. And people who bought in the Mt Gox era at $1000 in 2014 and saw it pull back to $200 understand even more. The lesson? Keep Calm and HODL On.
Newbies and short-term brains should know that Bitcoin dropped to less than 10k$ in 2017 and 2019, and now it is 2021. It is like just sell it and buy dip after.
Those who are in to make profits should know how to well it when it went to the top and to buy it when the price goes down. It takes to be a long-player in the market to be doing it right.
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