_Checkmate 🟠🔑⚡☢️🛢️|Mar 26, 2025 03:26
Bitcoin is special, and the more you study it and recognise its potential, the more easily you can justify why it should be worth many Trillions of $.
Goldbugs were the original Bitcoiners, and whilst the thesis is right, things often take MUCH longer to play out than we expect. It has taken them decades to see gold prices hit $3k (which feels like Bitcoin at $100k).
It is very natural for us to take big picture ideas and expect it to play out on to the next daily price candle.
Similarly, we naturally take the latest daily price candle, and extrapolate it into a longer trend, which clouds the bigger picture.
I often ground myself by thinking about how many of my friends I have managed to convince to hold even a little Bitcoin. To me it is dead obvious, but like most of us, I am lucky if I have orange pilled a small handful of people.
These things take much longer than we expect...and then tend to happen all at once.
Managing your expectations is a super-power in markets. Keep them grounded, realistic, and based in probabilities, and you will find you're never surprised.
When you're never surprised, you can make decisions with a clear mind, and ignore all endless noisy commentary coming from the mooners and doomers.
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