Exactly.  They are fucking up by selling too much too soon, and also by failing/refusing to continue to buy (whether at lower prices or higher prices), and they fuck up by failing/refusing to learn from their mistakes.

Sure a few of them will come around, but sometimes when they take a public position to describe how right they are about BTC prices going to go down they are reflecting a kind of strong negativity that they view bitcoin or their inabilities to get away from valuing wealth in dollars.. and putting too much emphasis on short term dollar wealth - just failing to appreciate that bitcoin is a superior form of value storage- at least long term (not always short term). 

I will proclaim that there is nothing wrong with valuing wealth in dollars as long as  being able to keep more than one concept in mind at a time - including that the dollar is ongoingly being debased.. so its current value keeps eroding away if not placed into something more valuable.. such as bitcoin or property or equities or gold.. and like you mentioned bitcoin is the apex predator of all of those categories of other ways to store value.


Greatest wealth transfer in history is going to have some pain points along the way, but bitcoin is not a zero sum game in the end, because it is bringing value and wealth overall.. even though like you say, there are going to be some who win more than others and some who lose more than others in terms of either how early they adopt or how stubborn they are in their choosing to either not take any bitcoin position or to take an inadequate bitcoin position.


I get what you are saying, but you seem to be mixing metaphores... hahahahaha


I don't know about that.  We can learn from a lot of people, but surely there is some truth regarding wealth management being a product of experience, too... By the way, there are some really smart young folks coming into bitcoin, and they might not be very wealthy.. especially if they just came into bitcoin this year or even this cycle.. I tend to believe that it takes a couple of cycles in bitcoin to really start to build meaningful wealth... even if you are starting out aggressively or even if you already have a decent amount of wealth that you are using..

.....even considering Saylor.. he came into bitcoin with a decent amount of wealth, and people are saying how he went from $2 billion to $4billion or something like that, but think about that as ONLY a 2x increase in wealth.. and consider down the road (not even too far into the future), he has pretty decent chances of having had built 10x to 50x to 100x or even more... yes he started out with a lot and even substantively built more wealth than a lot of folks will ever even dream of having.. but there is a lot more potential there with the passage of time... Let's see what happens?