Quote from: darkangel11 on February 28, 2025, 10:07:00 AM

Came back from my crypto retirement to tell you something.
I see many people being fooled by the media and stock traders. They treat bitcoin like a tradable paper where the market decides their next move. If it goes above their entry level they take profit and if it goes below the entry level they sell at a loss. In reality bitcoin is a commodity, like a house and thinking this way will maybe help you in times like this.

So, you bought a house for $1m and a year later someone offers you $900k for it. Will you sell it? Why should you? If you're not in debt, have money to pay your bills, you won't sell it, right?
The bitcoin market is exactly that. It's a bunch of people offering you money for your house. A month ago they were giving you a million, now they're only offering 800k, maybe next week they'll say their last offer is 700k. Don't like the offer - don't sell! I know that my bitcoin is worth more than 100k and I don't care that they now want to pay me 78k. I'll wait for them to come back to their senses and come up with a better offer. At this point I wouldn't be satisfied with anything 5-digit.

One more thing. In a worst possible outcome for bitcoin I see it at 150k in 2 years. If you know an investment that will offer you over 50% a year on the average, just get rid of your bitcoin and do that.
Have no regrets, you only live once and life is too short to worry. If you don't know anything like that, hold bitcoin and chill. Again, life is too short not to hold any bitcoin and regret later when it's back above 100k.

Completely agree with your assesment. Worst case scenerio is way higher than where we are at right now so unless ypu need the fiat for an important life event it would be rediculous to cash out now and trade ypur bitcoij for fiat. All cycles go like this and you just need to stop the daily chart watchijg it will drive you crazy. Buy hold amd enjoy the ride