/biz/ - Business & Finance

Those who bought the peak in 2017 had their convictions thoroughly tested by the bear market. But if they had held, they would be deep in the profit today. Many people say they wish they bought in 2013 or whenever. But the question they haven't asked themselves is: "Would I have held onto it even if I got in that early?". I just want to let it be known that we are STILL extremely early. 30 years from now, people will beat themselves up over not buying Bitcoin for 70k, trust and believe. Generational wealth can still be made in Bitcoin, as long as you follow the simple rule of "never sell". The top could already be in at 73k and we could be going back down to 30k, or we could make 100k and beyond after the halving. The fact of the matter is that 99% of people still have absolutely no clue what Bitcoin is, and so their conviction is virtually zero. This explains the reasoning behind the violent crashes. Bitcoin is not an inherently volatile asset. What makes the price of Bitcoin volatile is the lack of understanding on the side of the average investor. People aren't gonna dump the S&P 500, because they can grasp the underlying value in it. Bitcoin is something they simply just don't understand, so the investor is much more sensitive to price fluctuations.