OK... I gotta put my fun long post concept on hold so I can post a simple thing that is ringing in my head that I think some of you will appreciate.
I have noticed that several of us posting here and even some of the relative noobs (came in 2016 or later) on twitter who have lived through at least one full boom/bust cycle are all saying right now. You can even go back a page or two and see folks saying it just recently.
but at the same time, it surely helps to have gone through a couple of cycles already
Some unsolicited sage observations and advice from someone who has been through these BTC ups and downs many times:
I am sure I can find more. But you get the idea...
So what has changed in those of us who have been through this enough? I used to think it was just that we get USED to it. That it burns out whatever nerves that react to the pain. And I think that's part of it for sure... but not the key, really because WHY can we kill those nerves? How are they being numbed, or armored?
I have also thought maybe we just begin to be able to trust, that though each time might be a little different and will hold surprises (who was thinking we were about to see a >50% dump besides Raja-damus?) that we will pull through again like we have every single time. I have seen several posts that basically argue this, and I think that is a little piece of it too. But not the key.
Maybe it's the fact that during each wave of history making BTC goes through - the fundamentals just get stronger. It's no small thing that we are seeing institutions starting to trickle in. I was just making THAT argument... that it just does not make sense for BTC to "die". But in fact I imagine the steadier hands out there wanting to get their corporate treasuries in have been lighting up the OTC desks all week. But yeah... it's not really that either.
Well, what is it? I will tell you what I think MOST of it is, and it's simple. And it's almost the sort of truth so fundamental that we want to brush it off and say "Yeah of course, but...". However, recently I have been realizing how incredibly powerful this is. It came to my attention when a friend of mine (basically a no-coiner) who thinks he knows how much I hold said to me last week: cAPS, stop being so greedy. Next time you get to 3 million just SELL and retire. What the fuck is wrong with you? I realized the reason I do not sell.
The amount of BTC I hold has not changed at all in the last couple weeks. Well it actually went up just a little. Since I have begun to measure my wealth denominated in BTC, it has changed my perspective. These days I think about how much
BTC it will take to put my children through college (maybe not worth it, lol), or buy a house or be able to retire. I don't even think about how much USD beyond doing the needed conversion since it's still the unit of account for most.
I have quit thinking about my BTC "position" in terms of what it is worth in USD. I have realized I am not in this to "make money". I am in this to PRESERVE MY WEALTH. And the reason these swings don't do as much to me emotionally as they used to is because I have begun to measure my wealth primarily in the amount of BTC I have. THEN the other things up there come into play. Yes the price fluctuates compared to USD, or houses etc. But I am used to that for now.
To the extent we measure our wealth in BTC, we have lost nothing.And it makes me happy that the rest of the world sees that as crazy. Not because I want them to HFSP. But because it is a reliable contrarian tell that I am still doing the right thing.
Yeah... this week has stung a little. Because the timeline for me moving into my shack on Maui has been pushed back a little again. C'est la vie... I am not in a huge hurry. And I have very little doubt that the day will STILL get here before I ever thought it would.
