Postpartum 1000

[the_sunship]

I've noticed that the forums have become somewhat bearish since hitting 1000. "This can't last very long" seems to be the underlying current of some of the posts.

It's important for people to remember we are still at the beginning of professional money coming into BTC. The ETF's are coming, and the major investment groups are only now starting to consider BTC. Just a few days ago I saw a story where wall street investors are asking their brokers about getting into BTC with their private money. These are smart guys who spend billions on investing and they are taking BTC seriously - finally. We've reached a huge goal in legitimacy.  

It's possible that many people bought in early (anything below 150 seems early now) and at this point feel that they are (subconsciously) making more money than they are comfortable with. God knows I've been struggling with this lately. I've never made more than 10k investing in a year and now I'm looking at 30k in taxes alone from cashing out some BTC as we've doubled, tripled, quadrupled, etc. It's been a blessing and a cause for stress - much like having a baby.

I'm writing this post to remind others and myself that we are deserving of wealth and don't need to think "this is too good to be true". Supposedly 70% of lotto winners are broke within a few years, because of "bad decision making". That "bad decision making" comes about because many of the winners don't feel comfortable with the money they've won. They do stupid things with it because on the inside they are still "poor" so they find subconscious ways to get back to what feels normal.

For those who are feeling uncomfortable with this unexpected windfall, you are not alone. While it's true that corrections (major and minor) will probably happen, don't let fear rule your decision making. We are all deserving of more wealth even though we may not be used to it - yet. It takes time to get used to a new way of life. Be grateful that you saw the possibility of Bitcoin before the moguls of Wall Street did.

Happy Thanksgiving
 

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[Equus]

Very few of us deserve the good things we already have.   Even fewer of us deserve the disproportionate wealth that bitcoin is giving us.  The challenge for all of us is to accept our blessings, to be thankful for them, and to put them to good use.


Happy Thanksgiving indeed.

[Coma]

I agree with both posts.

Specially with the Postpartum sympthom reference. I feel we're A LOT closer to some big milestones but I don't feel elated as I was 2 weeks ago.