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Bitcoin has crashed 80% or more — multiple times.
Every cycle produced a new wave of people who bought near the top, watched it fall, and sold at the bottom.
The data shows this was almost never a problem with Bitcoin.
It was a problem with time horizon.
The investors who got hurt were not unlucky.
They were impatient.
Stop asking "what is the price today?"
Start asking "what is the probability of being right over my actual time horizon?"
The first produces anxiety.
The second produces a framework.
And that framework leads to the only question that actually matters:
"What is the right time horizon for me to have to ensure that my Bitcoin holdings are going to be profitable?"