There is a deep human tendency to measure Bitcoin and other assets against their pico tops.
So you often hear something like this:
“You’re bullish on Bitcoin, yet it’s only 16% higher than it was in 2021.”
This is a fiat trader mindset. If you have been saving in Bitcoin steadily since 2021, you’ve gained far more wealth than if you’d bought the pico top, waited until now, then panic sold.
A more reasonable approach is to look at the 200 week moving average.
And if you have been saving in Bitcoin and focusing on your craft, these dips are a blessing as they allow you to achieve your stacking goals sooner.
So you often hear something like this:
“You’re bullish on Bitcoin, yet it’s only 16% higher than it was in 2021.”
This is a fiat trader mindset. If you have been saving in Bitcoin steadily since 2021, you’ve gained far more wealth than if you’d bought the pico top, waited until now, then panic sold.
A more reasonable approach is to look at the 200 week moving average.
And if you have been saving in Bitcoin and focusing on your craft, these dips are a blessing as they allow you to achieve your stacking goals sooner.