In other words, buy the whole bottom, and stop worrying about trying to time the pico bottom.
The majority buy when it feels safe to do so, which is during the euphoric bubbles.
The smart minority buy when nobody cares, during apathetic drawn down markets.
Here's a counterintuitive Bitcoin FACT you probably haven't run into before๐๐
I recently saw someone claim that without Bitcoin's bubbles, it wouldn't be worth investing in since it would then miss out on all the epic gains.
So I removed ALL of the bubbles, as you know I've been doing with the Bubble-free power law.
Then I measured the 4-year growth rate. WITH bubbles vs WITHOUT:
2017: 109% vs 137%
2018: 84% vs 115%
2021: 35% vs 72%
2025: 17% vs 52%
- - -
๐Yes, you're reading that correctly. Delete the bubbles and Bitcoin's growth rate goes UP ๐คฏ
Why? A bubble inflates your return on the way in, then wrecks it four years later when that top becomes your starting point. The 17% in 2025 is measuring from the 2021 mania. Take the mania out, it's 52%.
The manias were never where the gains came from. They're noise on top of an asset that has compounded faster than anything on earth for a decade WITHOUT them. They are an entirely different phase, and they come and go.
Stop planning around the bubbles, people. Plan around the orange line ๐งก
NFA
-SW