Bitcoin and Bearish Sentiment (Patreon)
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I've noticed a lot of negativity in the community lately. I get it—these market conditions can be frustrating. But if you're struggling now, you won't be prepared for a real bear market. This is minor compared to what we've seen before. Bitcoin is still 4X up from the bottom, yet people are complaining.
Re the Q above - Why do I "PUMP" Bitcoin? Because I believe it's one of the most important assets long-term. While I'm primarily an options trader, I've chosen to invest in Bitcoin—some directly with Spot, but mostly through proxies like CleanSpark and MicroStrategy. In fact, 2/3 of my portfolio is tied to Bitcoin and Bitcoin-related investments because I believe it's a high-risk, high-reward asset. I am 40% MSTR. MSTR is defacto Bitcoin.
Now, let's get back to the market... remember the following if you want to be a better investor:
Long-Term Growth: Despite short-term stagnation, Bitcoin has shown consistent long-term appreciation, similar to its history of trading at $500 for years before a massive surge.
DCAS: If you had invested $10 a week since April 2021 - you would have doubled your investment, this not only preserves value, outpaces inflation but also gets killer returns.
Patience: I always stress the most crucial thing in investing is - PATIENCE. The market is a weapon that transfers money from the 'impatient' to the 'patient'.
Time in the Market: Like traditional stock markets, staying invested in Bitcoin over time is more profitable than trying to time the market, emphasizing the importance of holding (hodling).
Volatility as Opportunity: I love VIX. This presents opportunities. Use those opps.
Bull Run: I am 95% sure we are still in a bull run. Ignore short-term headwinds.
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