Bitcoiners should be more worried about Bitcoins performance - not suits:
When using man math, strong math, and you measure from cycle top to cycle top the math ain’t mathing!
Anchor yourself to...
I agree with paying attention to performance, but not how you suggest doing so.
What Bitcoiners should pay attention to is adoption. As adoption increases, so do the bottoms. The increasing tops don't indicate adoption; it indicates gambling.
So, as far as stay humble and stack sats, I completely agree. But, unless you're a speculative trader, that means paying no attention to the mountain peaks. Just DCA, and as long as adaption (and therefore the bottoms) keeps increasing, you should be good regardless of the peaks... e.g. the CAGR from the March 2020 low to the Jan 2023 low was ~63%. We should expect that rate to slowly decrease over time, but so far, we haven't since dropped below maintaining that rate (though, we're currently getting pretty close to doing so).
What Bitcoiners should pay attention to is adoption. As adoption increases, so do the bottoms. The increasing tops don't indicate adoption; it indicates gambling.
So, as far as stay humble and stack sats, I completely agree. But, unless you're a speculative trader, that means paying no attention to the mountain peaks. Just DCA, and as long as adaption (and therefore the bottoms) keeps increasing, you should be good regardless of the peaks... e.g. the CAGR from the March 2020 low to the Jan 2023 low was ~63%. We should expect that rate to slowly decrease over time, but so far, we haven't since dropped below maintaining that rate (though, we're currently getting pretty close to doing so).
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