And let me put it this way, maybe those who are not prepared for Bitcoin accumulation has overestimate short term gains. And then underestimate the potential for long term gains. So we have a choice here, and we should know which is the better one out of the two. We understand someone's point of view to sell because of emergency in the future. But from short term speculators, I don't know why they don't understand the power of compound interest.Come to think of it, Bitcoin could be your legacy to your family, your kids or grand kids as it could really be built as generational wealth. Either way Im just HODL'ing and DCA'ing.
ctto
ctto
When you know how Bitcoin behaves from year to year, from cycle to cycle, from when it all started - it just clicks to you that there is no short-term with it - not in a way that would beat long-term in perspective.
And the long-term is always there for you, basically, providing opportunities each day.
Yeah if you are for short-term in Bitcoin then you haven't seen the beauty of Bitcoin yet. Back then some folks target to sell was $50k and now bitcoin has X2 of that price range , so those who sold their token then hoping to buy back at lower Price will only endup regretting their actions. If you have heard of stories on how Bitcoin has changed folks lives , most of those folks are long-term holders , those that believe that Bitcoin is one with growth , in this space no one cares about your emotions just try and positioned yah self by accumulating and holding .
That meme will have that old man go back to this situation when Bitcoin surges back to $108,000.
That old man, like many people that missed the train, will wait for another correction, but a correction that will never come. They will wait and wait only to see that Bitcoin is surging again to $110,000, to $120,000, then to $130,000 and they can't take it anymore and FOMO at that price.
¯\_(ツ)_/¯
Right and it's going to be a repeat, a cycle that we have seen so many times and we really put it in meme and have a good laugh.
But to be honest, this is the very definition of some investors, and even if we have known this every cycle, still there are investors you missed the train but then didn't bought when it was still down, and then regretting it like in the meme.
Maybe we all look for best case scenario here, but then, if they will only knew how the strategy of buy and hold, then we will be likely better off. Probably just for two or more cycles, we could be very rich, by this strategy.
Plus it's going to be a repeat in different price levels because they didn't study zooming out to the maximum and the non-stop long term expansion of the money supply. Bitcoiners have already become like broken records repeating and repeating the message that Bitcoin is a hedge to the legacy financial system and their money-printers. But the "phenomenon" of Bitcoin's price surge to $100,000 and more will explain it, and economic scholars will write their theories behind it.