02-18-2023, 09:03 PM
During the next bull market people will say that you got lucky, but buying and HODLi
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/115li8d/during_the_next_bull_market_people_will_say_that/"> <img src="https://a.thumbs.redditmedia.com/P35HDF0X_FBnBXTEwIjXRBTUssrq2Wo6VuzvWVIJtU0.jpg" alt="During the next bull market people will say that you got lucky, but buying and HODLing takes real conviction" title="During the next bull market people will say that you got lucky, but buying and HODLing takes real conviction" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>During the next bull run -whenever that may be- people will say that you got lucky because you were able to 'buy early', regardless of whether you bought before or during this bear market. This applies to Bitcoin but also many other solid projects that increase in value over time, like Ethereum, Matic, and Dot. It will even be true for Moons.</p> <p>When these people call you lucky, show them the chart below, which portrays Bitcoin's price (black) and how much the price is down from all time high in terms of percentage (pink, percentage drawdown on left axis).</p> <p><a href="https://preview.redd.it/3z4kj5l4kzia1.png?width=1800&format=png&auto=webp&s=d4fd785471f52c736b068829cc46eb03d991d718">Price draw down from all time high (source: Will Clemente)</a></p> <p>This chart perfectly illustrates how insanely difficult it is to buy and HODL. It truly is a rollercoaster, both in terms of price action and emotions. Even those who bought super early like 2011 had to suffer through 7x 75%+ crashes.</p> <p>The pink is much more prevalent than the white, showing that most of the time, we are in a period of pain and suffering rather than in price discovery. Good times are fast and violet yet bad times are slow and extended.</p> <p>So, good job to you for being here and picking good projects and HODLing them till better times. When you are sitting on a mountain of value and people call you lucky, remember how difficult it was to HODL and show people the chart above.</p> <p>​</p> <p><strong>Meme bonus</strong></p> <p>... Or, if they struggle understanding charts, this one also works:</p> <p><a href="https://preview.redd.it/yyfpxlsqmzia1.png?width=1024&format=png&auto=webp&s=d5194eedef0815acffccbfd253afece83a57ff13">https://preview.redd.it/yyfpxlsqmzia1.png?width=1024&format=png&auto=webp&s=d5194eedef0815acffccbfd253afece83a57ff13</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Beyonderr"> /u/Beyonderr </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/115li8d/during_the_next_bull_market_people_will_say_that/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/115li8d/during_the_next_bull_market_people_will_say_that/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/115li8d/during_the_next_bull_market_people_will_say_that/"> <img src="https://a.thumbs.redditmedia.com/P35HDF0X_FBnBXTEwIjXRBTUssrq2Wo6VuzvWVIJtU0.jpg" alt="During the next bull market people will say that you got lucky, but buying and HODLing takes real conviction" title="During the next bull market people will say that you got lucky, but buying and HODLing takes real conviction" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>During the next bull run -whenever that may be- people will say that you got lucky because you were able to 'buy early', regardless of whether you bought before or during this bear market. This applies to Bitcoin but also many other solid projects that increase in value over time, like Ethereum, Matic, and Dot. It will even be true for Moons.</p> <p>When these people call you lucky, show them the chart below, which portrays Bitcoin's price (black) and how much the price is down from all time high in terms of percentage (pink, percentage drawdown on left axis).</p> <p><a href="https://preview.redd.it/3z4kj5l4kzia1.png?width=1800&format=png&auto=webp&s=d4fd785471f52c736b068829cc46eb03d991d718">Price draw down from all time high (source: Will Clemente)</a></p> <p>This chart perfectly illustrates how insanely difficult it is to buy and HODL. It truly is a rollercoaster, both in terms of price action and emotions. Even those who bought super early like 2011 had to suffer through 7x 75%+ crashes.</p> <p>The pink is much more prevalent than the white, showing that most of the time, we are in a period of pain and suffering rather than in price discovery. Good times are fast and violet yet bad times are slow and extended.</p> <p>So, good job to you for being here and picking good projects and HODLing them till better times. When you are sitting on a mountain of value and people call you lucky, remember how difficult it was to HODL and show people the chart above.</p> <p>​</p> <p><strong>Meme bonus</strong></p> <p>... Or, if they struggle understanding charts, this one also works:</p> <p><a href="https://preview.redd.it/yyfpxlsqmzia1.png?width=1024&format=png&auto=webp&s=d5194eedef0815acffccbfd253afece83a57ff13">https://preview.redd.it/yyfpxlsqmzia1.png?width=1024&format=png&auto=webp&s=d5194eedef0815acffccbfd253afece83a57ff13</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Beyonderr"> /u/Beyonderr </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/115li8d/during_the_next_bull_market_people_will_say_that/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/115li8d/during_the_next_bull_market_people_will_say_that/">[comments]</a></span> </td></tr></table>