Have you ever wondered how about 20 people have as much money as the rest of the earth combined? I guess there's no exact answer for this question, but one thing we should be sure of is the fact that these 20 fuckers that have gotten in this position sure aren't poor in having patience and long-term view.
Rare are the cases of individuals who got rich overnight and even in these cases, most of the lottery winners have gotten back to their financial situations prior to winning that lottery ticket or ended up even worse in a matter of months or years after hitting the jackpot...
Do you need good grades and a school diploma to get rich? Most certainly not. It can sometimes be lucrative to be in that position, but most of the folks that I know who are well above the medium class have an almost irrelevant diploma that just sits collecting dust somewhere in the house while some can't even do proper grammar.
Do you have to be a DOGE millionaire to become a $ millionaire? Well, it happened to some... it almost happened to me as well, but I'm too unfortunate and impatient to be "that lucky", and this is where I wanted to get...
Patience. Patience is a highly important virtue. I won't even consider it a quality. It's much more than that, it is a virtue that not so many have and it's also not something you can buy or learn from an online course. Takes time, nerves, failures, winings and... patience. Yeah, it takes patience to learn patience and once you've done that you have truly become BODL(bold).
It's easy to be patient when you are guaranteed to earn something like $1,000 or $10,000 a day because that's a given, but how many of us can have the same patience with earning $30 a day while holding on to some assets that at some point will be worth $100,000, 1,000,000 or even more?
You don't know when though and volatility is a killer on the way up and down ;).
Such virtue is mostly tested during "bottoming phases". In any business or market out there, there have to be some cycles through which that business/market has to go through and the most painful ones IMO are the phases in which the business/market looks like going nowhere, or even worse looking like hanging off a cliff.
Bitcoin doesn't moon overnight, it didn't reach $20,000 overnight, soon after started from a few mere cents per coin ... It's gone through cycles of ups and downs, pain and euphoria, and tons of uncertainty, and let's not forget that uncertainty is highly present in both bull and bear seasons.
BODL, remember?
The short-term action of the crypto market lately is highly boring, to say the least. Add to that the nasty world financial uncertainty and tons of war FUD and you can't say that being bullish during these times is as easy as it sounds... But, what if the point of maximum financial opportunity is here?
What if the time to load up on your mid to long-term bags is here?
We look too much at what we consider should change overnight and what should change in the direction that fits our bias. Bitcoin is getting close to completing a full year of a bear market after a double top printed in 2021. Don't you think it's time for a steady turnaround? I'd say it is, I'm not expecting anything like $50,000 in three months from now or something like that, but I don't think we will spend much time anymore at under $20k.
What do you think?
Thanks for your attetion,
Adrian
Posted Using LeoFinance Beta
change don't happen overnight and we have keep hodl of our asset to enjoy what comes next after the beaf
Posted Using LeoFinance Beta
I think we still have to wait for a while.
We shall see.
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I think the bear market is becoming boring because there's no exciting news, we're just there, no big news, nothing, however I still think it'll stick around for a while, we're in for more boring and longer days.