Yesterday BTC touched 25.5 K, and that was stressing to many including myself. A few random thoughts.
- While no one can predict the bottom, BTC is unlikely to go below 22K. See
https://thebitcoinlayer.substack.com/p/if-the-price-changes-so-does-the?s=w- I have over 4-5 years experience. Started by buying BTC and altcoins, over time I learnt that altcoins are all scams, did some trading and quickly focussed on BTC.
- I have never sold any BTC thro all the ups and downs, only added to my position.
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I am convinced that BTC will NOT go to zero, there are too many large companies and countries invested in it. It has survived everything thrown against it for the last 10 years. I have spent a lot of time and effort learning about it to have this conviction, which is what allows me to hold on when the going gets tough. Remember, even the US govt has never said they are going to ban BTC, infact the govt holds BTC (confiscated). So far, any 4 year holding period has been very profitable, but it comes with volatility, which is upward. Everyone should look at a BTC log chart on a weekly and monthly time frame. If the main premise of the bet is right, these minor fluctuations will not matter in the next 5 years.
So Hodl on...and never invest so much that you get sleep less nights.
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