Its price. Some of these guys lost on paper 50-100 million + that fucks with you.
That’s certainly a kick in the 🥜
Second bear market I’ve realized one fact that hodling forces upon you - with each bear your nominal paper losses compound, even if your percentage paper losses are diminished. Harder pill to swallow each time.
OG’s have watched a massive cultural shift over the years: buy bitcoin to circumvent the feds and buy drugs anonymously to hey, let’s invite the feds and suits to sanction bitcoin.
I keep reminding myself that 1 btc = 1 btc and that the volatility in exchange rate should work to the upside as long as the perfect monetary properties continue.
See you on the other side.
Second bear market I’ve realized one fact that hodling forces upon you - with each bear your nominal paper losses compound, even if your percentage paper losses are diminished. Harder pill to swallow each time.
OG’s have watched a massive cultural shift over the years: buy bitcoin to circumvent the feds and buy drugs anonymously to hey, let’s invite the feds and suits to sanction bitcoin.
I keep reminding myself that 1 btc = 1 btc and that the volatility in exchange rate should work to the upside as long as the perfect monetary properties continue.
See you on the other side.