Excellent post, please give him some merit I have been out of merits for months. This post is going to be a very helpful guide during a bull run.
I'd like to add that with all the nocoiners asking you for advice and talking about it more and more. During the last bull run I had the feeling bitcoin adoption suddenly had skyrocketed. Meaning that my view of adoption was completely delusional because of the sudden increase of price. Which resulted in me barely selling any coin and not having extra fiat to buy back during the bear market. The price attracts a lot of people but that's not adoption, adoption is the people who are leftover after the attraction of the price. This is how I see it.
Thanks!
Yes, I thought the same. Probably everyone did.... but all that people that clogged the exchanges during the last stages of the bubble were just ignorant FOMOers.
We should have known better. And the same happened in 2013, exchanges had a very long verification queue. Bitcoin was in the news, maybe not as omnipresent as in Q4 2017 but still a big change from almost 0 presence to some important presence. China FOMOed strongly into the hype.... until they didn't. It imploded and most of the FOMOers were gone for good.
The bolded part sums it perfectly!