Today, we are so confident about bitcoin, and we have seen how far bitcoin has gone couple with the increase in price, we now know that Bitcoin is a store of value, and we can create wealth with it, this conviction is the reason why investors today have placed so much trust on Bitcoin which many early investors never had making them to sell good number of their Bitcoin asset for small money, and bill payment.
Another reason why early investors never had so much confidence in Bitcoin is because, in the early days of bitcoin, it experiences very huge crash, and was mostly used for transactions instead of seeing Bitcoin as an asset for investment, but today the mentality has really changed, and many Bitcoin investors are now willing to buy, and hodl for long term purpose, and investment.
It easy to have confidence in bitcoin this days, because it has been long we are see it survive many crashes and it will still continue growing. Early investors don’t have the kind of proof, And conviction is build with experience, because a lot of people now are eager to invest in bitcoin and hold it for long, because the levels of their understanding and what they believe they will achieve is so far different from early investors, but we shouldn’t blame them for selling their bitcoin at early stage, and I also think holding bitcoin when the price falling that is where real conviction is.
