Is the Bitcoin (BTC) Journey Worth the Wild Swings?

There is tremendous amount of criticism that is coming out as some people are dancing on the graves of crypto, but some people are also calling it as massive frauds.

Is the journey worth these sorts of wild swings?

Natalie Brunell:  Bear markets are painful in the short term. For people who started Bitcoin in the 40, 50, 60K range this can be tough. I got into Bitcoin in 2017, I wrote it up and I wrote it down.  I wrote it in the Covid crash down to 3800, but this is a long-term investment. You should not look at with a shorter time horizon than 5 or 10 years and even more.

And, none of us have the crystal ball on these short-term price swings. But remember what they said in the 1990s – there were headlines that said the internet was going to be a passing fad. It is never going to work.

And I would rather have bought Bitcoin at 60K wrote it down to 70K, held and seen it recover.  Then wait not buy it at either of those prices, then watch it go to 100K and start buying in.  I think it is going to be the case for a lot of people.

Educating people on Why bitcoin exists? Money printing and the policies that have led to so much wealth disparity and people really feeling just left behind. Many do not really understand how the technology network works. However, is important to know that Bitcoin is the internet of money.

Several non-believers of Bitcoin change their course when they get to understand Bitcoin.  It takes a rigorous thought process to get in there to become a believer of Bitcoin.

So, while such discussions and opinions continue believers continue to believe.

Michael Saylor:  It is a lifeboat, tossed on a stormy sea, offering hope to anyone in the world that needs to get off their sinking ship. We are witnessing the birth of a new industry during the worst financial crisis of our lifetime.

In the future everything runs on Digital Energy – Bitcoin.

After investing 100 hours we all come to realize that Bitcoin is 100x bigger than the next best digital commodity network and utterly unique. Convention is dissolving and Bitcoin is evolving.

Community Reaction:  Bitcoin is not evolving – it is our understanding of Bitcoin that is evolving. Bitcoin is the same.

If there’s something I’ve learnt in recent times is to remain calm when it comes to crypto investments. Especially BTC.  Learn not to sell off in panic when everything goes down, and not to buy in euphoria when everything goes up.