Its price. Some of these guys lost on paper 50-100 million + that fucks with you.
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That’s certainly a kick in the 🥜
Second bear market I’ve realized one fact that hodling forces upon you - with each bear your nominal paper losses compound, even if your percentage paper losses are diminished. Harder pill to swallow each time.
OG’s have watched a massive cultural shift over the years: buy bitcoin to circumvent the feds and buy drugs anonymously to hey, let’s invite the feds and suits to sanction bitcoin.
I keep reminding myself that 1 btc = 1 btc and that the volatility in exchange rate should work to the upside as long as the perfect monetary properties continue.
See you on the other side.