A Day Or a Year, What Difference Does it Make

almost 3 years ago

Have you ever been called a lucky bastard, or should I say early investors, for buying crypto when it was damn cheap? If you have, lucky you, if not, you will be by the end of the bull market. The ones that have bought Bitcoin under $10,000 and the even luckier ones who caught it under $1,000 have definitely had a good start in crypto.

But the question is how many of these have had diamond hands to hold that crypto through the years of volatility that this market is well known for, how many haven't panic sold or sold local tops just to see Bitcoin getting to unbelievable numbers? Not too many I say...

From around here(Leofinance), the only one I know being involved in crypto and actually making a small educational video with his daughter about Bitcoin is @onealfa. I'm relatively new to this space, I am holding crypto for almost four years, but definitely not a model.

The psychology of the market changes in almost no time. Yesterday we've had Bitcoin hanging at around $31,000-$32,000 and now it's already around $38,000. Isn't that massive volatility and that's just price action of a day. Will once again underline the time frame: one freaking day. That's how the psychology of the market changes in just 24 hours.

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How many of us would hold this internet coin called Bitcoin for around 8-9 years and not being shaken out? I'd say that 99.9% of the current market participants would have not achieved that. It's not an easy task.

Despite the potential gains that such assets involve, this crypto game is an endurance one. The most rewarded ones are not lucky. Are actually polished diamonds that got to that state through strong fires and hell. Holding Bitcoin for years and years in a row is not an easy task. Same goes with ETH and other solid assets.

You need to have vision, understanding and a whole lot of patience to make it worth your time and money. Crypto is a highly volatile asset and I truly subscribe that a year in crypto is equal with multiple ones in real life. It's easy to look back and just say: *oh if I'd bought at that level and held to the current one I would have had a 10,000% profit, or more.

That's a rookie mentality imo and often times this type of investor is shaken out of the market by constantly checking on charts and social media. I'm using social media as well and check prices multiple times a day, but I tend to do that superficially. If you pay too much attention to those you're gonna get shaken away quite easily. There's always new FUD around the corner and fresh shiny FOMO near the top.

I personally consider that the bull market is not over and I tend to subscribe to the theory according to which we are somehow replicating the 2013 bull market but somehow entering a super cycle and we just had our mid way massive correction. That's how I see it. I might be wrong, but I haven't been shaken out of the market.

Not too many of us, and I'm not referring here to particularly the ones reading this post, will be able to make the most of this bull market and I once again repeat my previous statement: I believe 99.9% of the current market participants wouldn't have held Bitcoin for 8-9 years. There's a lot of short thinking in this space and too much leverage trading imo. We're not over yet. We're actually just starting the show :)

Thanks for attention,
Adrian

A Day Or a Year, What Difference Does it Make

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