Bitcoin sentiment sucks right now, but it's nowhere near as bad as 2018 when it crashed into the $3K range. And the $30s crash in 2013 was even worse. I wish people could just stay humble and stack sats. Be grateful for the journey and how Bitcoin has benefited all of us. When $BTCUSD is over a million bucks, will you really care whether you got in at $0.06M, $0.08M, or $0.12M?

Replies (44)

Indeed I bought a large chunk of 1 BTC in 2018 and I thought I was crazy at the time. Best investment ever. Same vibes rn.
We are early its the VCs etfs who are selling cause they don't own self custody will overule paper money
Benking's avatar
Benking yesterday
Every cycle feels “bad” in real time, but zoom out and it just looks like noise on a long upward staircase. The exact entry price fades fast when the time horizon is measured in years, not ticks. Most people don’t lose in #Bitcoin because of price. They lose because they forget the time scale they signed up for. Stay humble, stay patient, keep stacking. 🧡🫂
Elites like Klaus Schwab and Jamie Dimon want you distracted with sentiment, not focused on their manipulation of Bitcoin markets.
Many people's average cost basis is over current price. Many of those people have been stacking for years. For example, Saylor. That really sucks. Especially in the broader context of all the inflation we've had over the past few years along with all other markets at/near ATHs. So yes, it sucks that the price is where it is. Purchasing power is one of the most important aspects of money. If you lost relative purchasing power after 3-5 years of roller coaster price action, it sucks. We can just be grown ups and admit it sucks. Don't have to cover it up.
I wasn't around for 2013, but I was for 2018. All I see is various bands of adoption cycles earning their stripes. However, the last five years were not as rewarding as the previous ten. Middle of the S curve vibes.
mobuktu's avatar
mobuktu 19 hours ago
Viewing that Bitcoin started from $0 there has always been a time when it was lower.
We need to normalize shaming people for using the word "Bitcoin" when referring to "paper bitcoin". There is no "bitcoin sentiment", only "paper bitcoin sentiment"
Payton H's avatar
Payton H 18 hours ago
I had just finished up my senior year of high school in 2018. Had a friend who recommended all of us to buy and hold some bitcoin for the longterm. We all clowned him and laughed him off when that crash came. Looking back? I was an uneducated ignorant asshole. And I’ve promised myself to make that exact mistake twice. Took about 5 years for me to really grow the conviction and knowledge to get to where I am now. And I wouldn’t change it for anything 🧡⚡️
Simon's avatar
Simon 14 hours ago
It just slows adoption if one the main selling points is purchase power protection. You position according to conviction and people who complain might need more gold exposure to stomach volatility. At least it's an honest free market. That's something we've never had before.
It was great. I barely knew what I was doing, but by the end of 2019, I no longer had any shitcoins and was getting closer to unloading most of my gold and silver. I think I finally got that done in 2021.
Humility's avatar
Humility 13 hours ago
Stay humble and stack sats is for people with conviction, most people are trying to roll gains into fiat. They don’t understand the freedom the are trading for melting ice cubes