You are right, tiCeR..
Even smart people (including institutions and/or governments) can be quite retarded in regards to how they might accumulate bitcoin in the event that they even decide to get in, and even when they might act as if they are investing, they cannot get over some of the underlying "trading" inclinations, and tending to be dumbass ideas of selling some and buying back cheaper later, and they engage in selling (trading) as a way of accumulating bitcoin when they have not even gotten close to either building a decent enough stash size and/or they have not spent time sitting on their bitcoin, such as at least a whole cycle if not more.
There tends to be ONLY so much that can be done to save people (as well as institutions and/or governments) from themselves and their own likely failure to really look into the bitcoin matter beyond superficial ideas of number go up and/or their misconceptions that bitcoin is a relatively "mature" asset.
Indeed institutions aren't save from making stupid decisions. Now this is not about bitcoin, but an example that just came to my mind with regard to our small conversation here.
Harvard, after just holding for a quarter time, dumped their entire ETH position.
Now apart from the fact that building a big ETH position prior to building a sufficient bitcoin position may not be the smartest idea anyway, it is mind-boggling how they change their minds within just three months over an $87 million position. I didn't investigate further when exactly they bought, but if they bought in early Q4 2025 and sold in Q1 2026, they essentially bought at its all time high and sold when it already dropped at least 60%.
Cutting losses is fine if new information surfaces and you conclude that it was a mistake, but you would think that an institution like Harvard puts some thorough thought into such an investment. This is a prime example of buying high and selling low.
Harvard is being run by humans, so it shouldn't be surprising that they made such decision in the past. It depends on who was advising them, how much does the person or people know about cryptocurrency? If the people were bullish on bitcoin,they would have advised them differently. Maybe they thought they were doing the right investment then, because I remember the time when ETH got to it's ATH, there were many speculation around it that it would do like bitcoin in term of price and many people were stacking it thinking they were still early and hoping for it's price to rise to the level of bitcoin. But along the line it dawned on them that they have been deceived. I believe that was what happened with this Harvard story.
