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Your biggest threat in Bitcoin at 74k : is it the volatility, or is it you? Be honest

Bitcoin Reddit

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I woke up this morning thinking we had finally left the 70k range behind — we were at 83 — and then I opened my phone and saw 74. So I decided to write this. Does anyone actually remember what it felt like to watch Bitcoin crater in 2018? Not the charts, and not the percentages, but the feeling. I do, and it was rough. The thing went from basically nothing to almost $130k, which sounds insane when you say it out loud, and along the way it crashed constantly. In 2011 everyone said it was dead. 2014 it was a scam. 2018 the bubble finally burs, but it didn't. 2022 felt like the last nail in the coffin for a lot of people I knew personally. And now here we are again: price drops a bit and suddenly fear is back, same as always happened.

What's weird to me is that nobody freaks out on the way up. When everyones portfolio is pumping, twitter and here on Reddit is full of guys who suddenly became geniuses overnight, zero panic. Fear only shows up when things get ugly. Funny how that works. So I've been thinking that maybe volatility was never really the problem? Volatility you can see coming, at least sort of. Fear is different, it messes with your head in ways that volatility just doesn't. One tanks the price, the other tanks your conviction, and conviction is way harder to rebuild, tbh.

There's this thing about the Chinese bamboo tree, I know I know, sounds like something your uncle posts on facebook, but hear me out. The bamboo spends years doing literally nothing above ground. You water it, nothing. You wait, nothing. And then one day it just explodes, grows like crazy outta nowhere. People don't give up because the bamboo failed. They give up cause they ran out of patience before anything visible happened. Kinda feels like that with Bitcoin sometimes, no?......I think most people believe they can handle volatility, until they actually have to. Thats when you find out real quick what your conviction is actually worth.

submitted by /u/MoneyMonsterStudios
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