A lot of people know the ticker. Very few know the destination. That is why even good information does not convert into action. The issue is not always conviction. Sometimes it is lack of clarity.
What hit me most was the distinction between wishing and wanting. Wishing is vague and emotional. Wanting is specific enough to reorganize behavior. That applies to markets, money, work, and life.
And the line about outsourcing the question to Bitcoin is real. Too many people are waiting for price to tell them what kind of life they want to build. That is backwards. Bitcoin is a tool, not a substitute for purpose.
That’s moving the goal post though. You used to only have to wait one 4 year cycle. Now 2021 ATH bag holders (that didn’t sell last year) are into year 5 underperforming every thing to include just sitting on a cash position.
I can see why you would say that but I never said (I don't think I did) that the 4 year cycle was dead. I think it played out perfectly. Many of us thought we were headed to $250K+, a blow off top before the cycle ended but that didn't happen.
If you bought Bitcoin in 2021:
Jan 31st: $33,114.36
Feb 28th: $45,137.77
Mar 31st: $58,918.83
Apr 30th: $457,750.18
May 31st: $37,332.86
Jun 30th: $35,040.84
Jul 31st: $41,626.20
Aug 31st: $47,166.69
Sep 30th: $43,790.89
Oct 31st: $61,318.96
Nov 30th: $57,005.43
Dec 31st: $46,306.45
I dunno they are still sitting pretty good. Let's come back next year and revisit this :)
This is bigger than Bitcoin.
A lot of people know the ticker. Very few know the destination. That is why even good information does not convert into action. The issue is not always conviction. Sometimes it is lack of clarity.
What hit me most was the distinction between wishing and wanting. Wishing is vague and emotional. Wanting is specific enough to reorganize behavior. That applies to markets, money, work, and life.
And the line about outsourcing the question to Bitcoin is real. Too many people are waiting for price to tell them what kind of life they want to build. That is backwards. Bitcoin is a tool, not a substitute for purpose.
Having clarity is a superpower; it's not an easy skill to develop.
I would like for it to at least keep up w/ inflation. Outperforming the dollar/inflation would be a bonus.
That’s moving the goal post though. You used to only have to wait one 4 year cycle. Now 2021 ATH bag holders (that didn’t sell last year) are into year 5 underperforming every thing to include just sitting on a cash position.
I can see why you would say that but I never said (I don't think I did) that the 4 year cycle was dead. I think it played out perfectly. Many of us thought we were headed to $250K+, a blow off top before the cycle ended but that didn't happen.
If you bought Bitcoin in 2021:
Jan 31st: $33,114.36
Feb 28th: $45,137.77
Mar 31st: $58,918.83
Apr 30th: $457,750.18
May 31st: $37,332.86
Jun 30th: $35,040.84
Jul 31st: $41,626.20
Aug 31st: $47,166.69
Sep 30th: $43,790.89
Oct 31st: $61,318.96
Nov 30th: $57,005.43
Dec 31st: $46,306.45
I dunno they are still sitting pretty good. Let's come back next year and revisit this :)
It will in time :)