For most true Bitcoin OGs, an 80% draw down from some future ATH means they are still rich and will likely stay all in btc, essentially forever (BYOB). They won't really care anymore about future bear markets.
Well said.
Very well said…. Though I would less enjoy it …. Way less ….
Yeah same...
I guess different people have different thresholds for this...
I honestly do not know how I will react to the next bear if we have one historically similar. I *guess* it will be like the last... painful, but part of the ride. Bitcoin (and poker) have taught me to handle loss well in life. But it is not easy for me yet.
We are at the same level of thinking and experience over this matter I guess
Have you ever considered the stake of poker we are playing at the "Bitcoin Table"? I know for sure you've played higher stakes poker than me... but if we translate our Bitcoin bankrolls into a buy-in. Pretty big game huh?
One thing I want to do before I die, and more likely in the next 2-7 years is enter some WSOP events with my bitcoin "roll"... Maybe even the main event. Though I am not sure I have the stamina (or skill) to have much chance in that one!
Indeed very true…. I was going to go to Prague or Rozvadov maybe this December… but probably not gonna make it
For most true Bitcoin OGs, an 80% draw down from some future ATH means they are still rich and will likely stay all in btc, essentially forever (BYOB). They won't really care anymore about future bear markets.
Well said.
Very well said…. Though I would less enjoy it …. Way less ….
Yeah same...
I guess different people have different thresholds for this...
I honestly do not know how I will react to the next bear if we have one historically similar. I *guess* it will be like the last... painful, but part of the ride. Bitcoin (and poker) have taught me to handle loss well in life. But it is not easy for me yet.
We are at the same level of thinking and experience over this matter I guess
For most true Bitcoin OGs, an 80% draw down from some future ATH means they are still rich and will likely stay all in btc, essentially forever (BYOB). They won't really care anymore about future bear markets.
Well said.
Very well said…. Though I would less enjoy it …. Way less ….