⭐ Merited by JayJuanGee (1)
Shower thought. If there was a person who would start a debate and tell me that Bitcoin's price today is "too high", I would argue back that, although Bitcoin's price might be "too high", it might also be mispriced towards the lower extreme of the cycle. The market hasn't truly priced in the Halving, AND the true nature of the Bitcoin spot ETF.
But we can see the proof of that in a simple chart. Research Gold ETF - when it started, then look at the Gold chart after it started.
When Bitcoin was created some people didn't believe Bitcoin would grow this big in price so yes Bitcoin price is high but not too high,
Surely part of the challenge for anyone, and maybe even moreso for a bitcoin newbie, is trying to figure out the extent to which BTC prices might be high or not.
The newbies.
I'm very confident that those people who sold at a $50,000 and lower price level will be the same people who will FOMO during the next major Bitcoin surge. But they will FOMO in for less units of Bitcoin because they will be forced to purchase at a higher price level. Although some of them might buy a shitcoin to chase Bitcoin's surge, merely a small amount of those people will actually chase it. - 90% of them will lose MORE in units of Bitcoin.
But I'm also confident that, like me, learning the hard way will turn some of them into Bitcoin HODLers.