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Deleted Account 11 months ago
Bull market dips, for reference. A message that I sent to my friend who’s new for this cycle: Look at these charts & imagine being scared to buy any of those pullbacks.. 1700, 3000, 8900, 28,000, 30,000, 40,000, 50,000.. currently a dip to 83,000. See it’s always looked scary because the dip always follows a new high. Looking back it’s obvious that you’d buy at any of those prices mentioned, but it’s never obvious in the moment until you understand how #BTC operates. It wasn’t obvious back then to many for this reason. Even if you went all in at the 2017 top, you entered at 20k.. scary at that time, fast forward 8 years and your positions value has 4x’d while we’re on a 25% pull back.. So you bought at 83k, on a 25% pullback. I’d say on the conservative side that bitcoin would be around 400k in 8 years, on a similar pullback down from 600k. Someone will be having this exact same conversation then.
Does anyone else get far too invested in politics? No matter what side you’re on, it’s just so draining. So many variables that we literally cannot control, yet most of us are guilty for investing ourselves emotionally. Sure it’s good to see some things from time to time, knowing what’s going on while not being fully invested, but I cannot seem to find this balance for the life of me.