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I'm not quite sure about the syllable count of
vvvvvvvveeeeeeeerrrrrrrrryyyyyyyy. Sounds like 7-8, but for this time only, we'll make do.
You seem to be suggesting that wurdy man no does not know how to count.
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You are right. However, I feel people often confuse a long-term bullish outlook on Bitcoin with a leveraged long position. If someone buys Bitcoin in the spot market and holds onto it meaning they aren't forced to sell a temporary price drop doesn't wipe out their position instead, it merely tests their conviction and patience. We often make mistakes because we fail to grasp this distinction.
Huh? So you are going to presume that the normal state of affairs is to think about leverage rather than more straight-forward ideas of ongoing, persistent, consistent, regular and perhaps even aggressive buying, that could also be characterized as DCA.
In bitcoin, why would anyone with an investment timeline of 4-10 years or longer need to leverage... and yeah, sure people are greedy, yet historically, if you take any two cycles, the level of returns seem to be unbeatable.. , which I think that I said that.
Sure, history does not guarantee future results, but there isn't any meaningful evidence that really helps to argue that bitcoin's investment thesis is getting any weaker with the passage of time, even though arguably the slope of the curve cannot likely be as steep as it had been historically... yet a mere lessening of anticipated slope of the curve does not seem to justify taking any other position, other than regular longs.. .. in other words, who the fuck needs leverage, when bitcoin has been (and likely will continue to be) amongst the best (if not the best?) of investments available to everyone and anyone.
At the same time, we know that bitcoin is not guaranteed, yet a normie with a $30k per year income should be able to figure out how to buy $100-ish per week of bitcoin for 4-10 years or longer without feeling as if he has to fuck around with leverage.
Poll
