Quote:
Originally Posted by Smoofers
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BTC bottoming out at 10k, ETH at 700, and the cycle repeats anew.
We're almost approaching the best time to buy, a.k.a. peak doubt and hate from seething jealous FOMOers on this forum
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BTC is unlikely to break $13.5k, and if so, not for very long. Too much money sitting on the sidelines willing to buy at bottom-barrel pricing.
Most people:
- Don't get the value of BTC. They don't understand the problem it solves, and most that do, don't understand how BTC does it.
- Don't understand the BTC price cycle or the Fed-led boom-bust cycle
- Don't have the intellectual understanding (see points 1 + 2) or moral fortitude to hold through 80% drawdowns, even if the price will 10-100x again
This is why most people are crypto-broke. They either buy dog coins; buy high + sell low; or sit it out in confusion, jealousy, or unawareness.