Fair point, crossed my mind aswell many years ago. Youre probably at the stage where youre seeing so much return on your investment that the old saying "too good to be true " kicks in. And thats a plausible thought if it were any other investment other than btc IMO.
We wont see another investment opportunity like btc in this life time, most likely ever again.
5% may be winners, but we are at 2.2.5% adoption rate with growth exponentially increasing. Projected users 1billion by 2025. We are very early. These 5% winners at this moment are increasing their position. You said it in an earlier post, probably some entity(ies) had inside info on minining outage and deposited 9000btc into binance. Hash rate dropped, price tanked. Day later 22000btc left binance and into cold storage.
Watch the next round of dumps when ETFs start getting rejected. Same old story. Big money increasing their positions using FUD.
Yes, this is why we see some early buyers taking "gains" as they readjust they total allocation, and then new buyers coming in as they think prices are "cheaper now" and a good time to "get in". Its always good to help broaden the total user-base which happens each cycle and churn.
Then you get a % of new buyers who bought near the top, who panic sell. These are the same guys who start rebuying at the next peak as they think "prices are going back up again now".
Can we all be winners with an asset like BTC? Answer is yes, just as all those who had purchased property in the past with leverage were big winners over time as currencies devalued. So who were the losers who paid the price? All those who didn't participate, and remained solely in cash. They effectively had their money stolen from them by stealth (devaluation). Not just that but they then keep working for a (devalued currency) salary that is taxed again upon payment. And all in an environment of appreciating assets...
2024 will be interesting - by then we will have a much broader user base, much better infrastructure around BTC purchasing, storage, and transacting, many more large institutions and banks participating, BTC seamlessly on credit cards and other day to day payment tools, collapsing economies with citizens increasingly adopting BTC as a store of wealth, continued money printing from the US, clearer laws around BTC, more regulated exchanges..., And then on top of all that a halvening in the algorithm...Until then, my view is simply buy, HODL, and ignore the noise. For myself, I am quite prepared for a drop to 10K. (At 10K I would likely load up a little more). If you detach yourself from the outset, its mentally far easier to not worry about short term moves.
