Tbh i'm never in favor for a DIP, though I very obviously understand that they are needed... Have experienced a lot of things last days, weeks, months.... Where do I start?
I always like the higher price valuations ... Though I hate selling or nearly never sell (When its needed at the most and still)
^But I think thats how a lot of hodlers think.
Now new people all need to be hardened or need to GTFO, cause every single "pleb" "n00b" "friend of a friend" "viewer of the news whom see a massive pump but never hear of BTC before" Etc Etc
They are all in for quick and fast gains... Though they get greedy as price only rise and dips minimum so they stick with there investment and feast like nothing can go wrong, these are those people who needs to be shaken to there core... 1 of 10 maybe stay positively involved... Most run away with fear and re enter higher in a next massive UP trent to then again act the same until they sometimes understand after some punishments, maybe a truly fundamental knowing is "this isn't a get rich fast ride"
So I have set up a whatss app group for "crypto" only friends of me and two-three other "better hodler" (better not perfect, sometimes a bit of to much alt koolaid, but not the worst, they learned not more as 20% .... btw me I think MAX 2%)
But in this group growing fast some family and friends and...
Boy the fear that I have seen today, while I provided the TOP best info around BBTC and links from the forum and just best best the best to read articles, security, fundamentals etc (no one there knows i'm active here)
But like one of the lads is a car seller as main job (big BMW garage 100+ employees) I think 20-30% bought crypto except one or something they all sold bottom-ish today, also they where fighting kraken to re enter more high prices but couldn't log in etc cause you guys know exchanges and DIPS
But with these events I understand why we DIP like this, the trash truly need to be flushed out from the scene to truly have some solid base to build uppon....
I hodled 5 eth for I guy who works for me, last week he finally had an exchange account and ask me to send him today, he was with me on the bottom while asking, hard to get only but when I was he asked me can you also send me in dollars?? He preferred $ Over BTC or his original ETH, though I couldn't and send him the original, but also willing to instant sell the bottom whiteout a second thought...
I hope we all agree that these DIPs maybe are truly needed and better fast and hard instead long and slow if I can chose.
I am not sure why you are seeming surprised by human inclinations that seem to be stubborn and reluctant to learn from information that is being fed right to their lil greedy snouts.. hahahahaha.
These great dips mostly ONLY assist those of us who already have been able to differentiate the superior information from the noise, and to be able to act upon the superior information because we already have various systems set up. That would include guys like Michael Saylor too.. who likely ongoingly continue to blow our wadds as our new cash comes in... hahhahha..
Of course, there are going to be a few guys who will actually transition over from being a retard into actually engaging in the kind of behavior that longer term BTC HODLers are attempting to get them to do for their own good.
In the end, lost of peeps are dumb fucks and it takes them a while to come around and they tend to need to come around at their own pace, which might not actually be as financially profitable as it could have been.
'
There is ONLY so much that anyone of us can actually do to help to save normies from their lil selfies - if they are having trouble both recognizing the valuable information and also they may even vocally recognize that they should have followed your advice in the past blah blah blah.. but fail and refuse to take immediate action in terms of getting their fucking accounts set up and even making some actual buys of BTC in the event that they already have accounts set up.
So in the end, what ends up happening is that largely already existing BTC HODLers like you, me, Saylor and like minded peeps, continue to accrue BTC and maybe even overly accrue at prices that are higher than the current price that we are running out of money at the peaks of the dips.. even if maybe we still are able to pick up a few in the lower $30ks, we had been acquiring in the $50ks and the $40ks, too... but BIG whatevers to us, even though we could have done a bit better with more reservations, but we are still likely going to kill it in the end.. while fence sitters are largely telling us we could have gotten our BTC way cheaper and while they are accumulating their first .021BTC, we have largely acquired magnitudes of their BTC quantities and NOT always at the "best of prices" along this difficult to figure out short-term path that we end up largely nailing in the long-term because of our persistence and our beliefs.
Sure, some of us blew a lot of our load in the $50ks. but many of us also were able to overall accumulate some in the $40ks and $30ks too... and likely these $30ks are not going to last very long (relatively speaking) even though they might seem like they are lasting an eternity as we are living through them (without as much fiat as we wished we were to have)....
In other words, fuck the newbs.. sure expose them and continue to interact with them, but you can ONLY do too much. By the way, your post reminds me of a couple of folks who I had been interacting with quite extensively in recent times, so one was worthy of sending a reminder message to which kind of shows ongoing hemming and hawing about matters that should be quite obvious but do not seem to be from that person's perspective.. and another one I am ONLY going to interact with if contacted directly or bump into that person.. I am not going to go out of my way.. even though we spoke in person already a couple times about bitcoin in the past week and I really have the sense that there was quite a bit of talk there an absolutely no meaningful action.. and quite a bit should have been accomplishable in the past week, no? Seems to me... but whatever.
Seems to me that I was able to acquire a shit-ton of BTC over the past week or so, relatively speaking - even though I am NOT even really in an acquisition mode currently, and should be way reluctant to acquire BTC than someone who has little to no actual stake (meaning a largely insufficient stake whether we are talking about objective considerations or even if we were to help them in finding their own subjective stake numbers)...
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