OG coiner here offering some psychological assistance to noobs. In order to keep sane and keep strong hands, I advice you to realize IN ADVANCE OF THIS HAPPENING that Bitcoin can go down as fast as it can go up. Be prepared to experience a 50-80% dip. If you have been around for long enough, you've already had 2 or 3 of these events probably. Maybe even more.
The ones that held through are the ones that we look up to today. If your time frame is not years, you probably didn't get the value proposition of bitcoin as an alternative to the current monetary system. Will you be strong enough to hold? Will you be panic selling when you see your investment melt away? I am not telling you this because I'm invested myself. In fact, I don't think that reddit users can even move the price anymore these days. I'm not looking for confirmation. I am, however, sharing this because I truly believe that Bitcoin will stick around, and if it sticks around, it's nearly inevitable that it goes 100x beyond your imagination.
It has happened so many times. It will happen again. I prepare myself to watch it go to 150k from here and dump back to 50k plus minus whatever. It could go higher, it could go lower. I am absolutely unable to predict neither the top, nor the bottom, so I won't even bother timing the market. I will do what I always do: dump mit shitcoin fiat into btc, one paycheck at a time. No matter the price. The point is that you should prepare yourself today for the crash that might come tomorrow. I'm holding until Valhalla and I am only able to do this because I'm fine with the bloodbath that might come. Are you able to hold through the horror?
Of course I have no effing clue what's going to happen in the future so don't take this as financial advice, I've literally made all this up while sipping my morning coffee.
Stay safe, stay cute, stay strong, we're leaving earth's orbit very soon.
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