Did you buy Bitcoin at $69,000? 📉
Good.
Bitcoiners,
Most people don't want to buy bitcoin at the top.
Why would you?
There's tons of downsides:
You have less bitcoin overall.
Your investment gets cut by at least 75% in dollar terms as price drops.
You look stupid in front of your friends that you convinced to buy near the top.
I bought Bitcoin at the top in 2017 at ~$20,000 and in 2021 at ~$69,000.
I experienced all of those downsides twice.
But here's the thing. Those mistakes helped me learn how important it is to buy as much as possible at these prices today.
Here is why buying the top is good
Buying the top makes you appreciate buying the lows at such a discount.
Now that Bitcoin dropped 71% at today's price of ~$20,000, I have context for how important it is during this bear market to buy as much as possible at these low prices. I honestly don't care if price drops below $10,000, I will keep buying. I understand now that Bitcoin is a long term investment.
When I look back in 10 years when price is over $1M per bitcoin, I will wish I bought more at these prices rather than dwelling on the low price today and not selling at the top.
This is why I believe buying the top of Bitcoin is good for you in the long run and I hope my experience helps you appreciate the discount today!
Happy Saturday,
-Pod
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Eric Podwojski
Founder, Bitcoin EDU
Twitter:Â @epodrulz
