here’s the deal, as i see it:
₿ has been holding above 30k for weeks—something which could have been dismissed as too optimistic just a couple of months ago.
If you’ve recently put money in and are worried, just try to chill out and give yourself a longer time frame. The price doesn’t only move up, and if you expect it to act that way just because you recently invested then you need to sober up and do more research.
There’s more to bitcoin than the price on any given day—adoption and accessibility has never been higher, the network is strong and ₿ is still the same censor resistant, open source, globally decentralized digital asset that has no competition. A lot of people still don’t even realize what a lot of that means.
The max supply of 21M gives it scarcity previously unseen prior to it’s invention. The influx of newly coins is non-reactive to the daily demand or any news of the world.
It’s the hardest money to ever exist and it’s going to take some time for the world to realize it.
But... Corporations, institutions and the wealthy are arriving at that conclusion also. There’s an increase in addresses holding over 1,000 Coins
https://twitter.com/woonomic/status/1352203710596694016?s=21
and we know what MicroStrategy, Grayscale and others are doing too. I won’t sell at this price, these big buyers will just eat it up in due time (and we don’t know when that will be, so won’t be trying to time my luck).
There will always be wealth inequality, but I do hope ₿ will help to lead to a more level playing field than the system it replaces.
If we can learn to be patient and set longterm strategies that we follow undeterred to the daily price movements, I think we can be considered for he lucky ones. Lucky because something we believe in as being better for the world has also afforded us comfort we might not have been able to have before.
But even if the value against USD never grows from here on out—it’s still superior in almost every way.
So my advice... (not that it was asked of me haha)
If you’re not just in the game to flip a quick profit, and you actually believe in the potential of ₿ as a superior store of value, then set long term strategies and don’t make big bets with money you might need right now. Make a plan with what you can afford and stick to it!
When things seem rough, just look to the past and you’ll see that it’s been rougher before and helped to build the foundation for where we are now.
This chart gives some good perspective on where we are vs the previous 4 year cycles:
https://twitter.com/100trillionusd/status/1353324777528811522?s=21
There’s no guarantee of how it will play out but I love looking to the past to try and gleam clues to the future.
If you’re interested in looking deep into the past of human monetary history, you’ll see many patterns that still play out today.
If you haven’t seen it, I suggest checking out this series from Mike Maloney on the history of money. Mike is an old school precious metals guy who understands money history better than anyone and sees the undeniable value to Bitcoin also.
https://m.youtube.com/watch?v=DyV0OfU3-FU
Hope you all have a great weekend <3<3
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