For sure there are folks who sell their coins on the way down, fail/refuse to buy when the prices are low and perhaps even believe that the BTC price is going lower, and we are currently experiencing a decent amount of "on the grounds" information that the bottom is quite likely to be in.. sucks to have been a seller rather than a buyer at those low $30k prices, and surely the less severe of negative scenarios would have been to merely have been a HODLer during those trying times and relatively lower BTC prices, so long as sufficient and material quantities of purchases of BTC had already been made at some earlier point(s).
Psychology is also important here, many people still consider bitcoin as a speculative tool and do not want to look ahead, do not take into account the development of the entire crypto industry in general and bitcoin in particular.
I doubt that there is much need to account for the whole of crypto, and perhaps attempting to take into account various aspects of "crypto" is going to merely cause confusion for people in terms of just understanding what bitcoin is... and being able to understand what bitcoin is.. and not to be fogging their minds with various other "crypto" things that might be going on.
So surely part of the problem remains inabilities to understand the difference. I believe that I have a kind of example in which my mom asked my niece (the wife of my nephew) whether she was looking at bitcoin on her phone, and the niece kind of did a mumbling sound like that would be ridiculous (in terms of a serious topic), and I specifically know that I have told both her and my nephew about bitcoin many times and in terms of getting started and just getting started in a small way.. so they are continuing to poo poo the idea rather than actually taking any kind of meaningful action, and it seems to me that part of the perception problem relates to "crypto" rather than bitcoin.
So whatever, those of us who are able to understand the difference and to continue to stack sats are going to contyinue to be advantaged by the late to the game realities of so many folks who likely believe that bitcoin has already run its course and you do not invest into something that has already had a decently sized UPpity price run.. and sure, they are going to find out, that "oh shit, maybe we should have had invested in bitcoin in the $30ks or $40ks or whatever, because now it is even more expensive to get a few sats (to the extent that they even are cognizant of the difference between bitcoin and sats, too... that's another related misconception topic).
Yes, I myself was once one of those, (: D in my youth). I bought and sold bitcoin, as it seemed to me, at favorable prices and was happy about today, not evaluating bitcoin in terms of its prospects, it was 2017-2019. I was selling bitcoins at ridiculous prices.
Yes. Another tendency is to value the fiat appreciation.. which sure, these concepts are connected in the myriad of ways that normies have tendencies to screw up any kind of potentiality to be able to keep stacking sats rather than cashing out way too much too soon.. and I am not even suggesting that it would be a problem necessarily to skim(shave) off some profits along the way, but I have known quite a few more practical bitcoin newbies who have recognized that even if their bitcoin stash becomes profitable (or even extremely profitable) they may well be way better served by continuing to focus on BTC accumulation rather than attempting to play the UPs and downs that might not work out so well in terms of how crazy BTC prices might end up going in one direction or another and then when any of us might believe that we have the BTC price direction figured out, then some weird complications happen in which it would be way better to just continue to accumulate through ongoing buying rather than trying to sell and then buy back later.
Then, digging deeper, I realized that it would be much more profitable to hold, no matter what. Do not listen to anyone and hold. Now I'm trying to convince some people who think the same way as I did in 2019 that it is impossible to sell on corrections, on the contrary, buy in addition while there is an opportunity. But a plan has already matured in their head, first to sell at 32k (they carried it out), then sell a part at 29k and then at 20k. Now bitcoin is at 46k and I'm sure that they are tormented by the thought that they shouldn't have sold part of their bitcoins at 32k.
For sure a story/scenario that we have seen repeated time and time again.
No amount of speculation can compare in efficiency with a simple holding. As Saylor says, bitcoin is digital property.
Yep.. I like to suggest that there should be some ongoing BTC accumulation goals, and of course, it could take a person a long time to reach high levels of BTC accumulation, especially if the person has some cashflow limitations, and many people do have cashflow limitations that sometimes might become worse when overly allocating investments, so it could take years and years and years for the size of the investment portfolio to build up, even if they have a seemingly good relative investment asset class, such as bitcoin... but even with a limited budget, a person who continues to invest into bitcoin for a couple of cycles, is likely to be in a better position, and sure maybe the level of profits will not be as great as it would have been if the person had started investing in 2014 as compared to starting in 2021, but it is still quite likely that bitcoin is going to continue to outperform a lot of other asset classes in the coming years.. especially if looking at a longer timeline such as one or two cycles.
wtf try to install better than original parts and the computer says "nope"
Tell computer that you like peeps better, and such computer should take a flying leap off of the nearest cliff.. See if it understands that level of beauty.
Who needs a damned computer telling the actual real peep what to do, unless such computer gets more "yes" into its vocabulary.
It's seems like the computer forgot (or has not been properly trained to know) that you happen to be the one with "fuck you" status, not some inanimate piece of metal, wires, tubes, silicon and gobbledy-gook language skills.
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