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BTC on the weekly chart broke under the 200MA
The last time this happened after coming down from a peak, BTC dropped from 22K to 15K to mark the bear market bottom, before flipping and running back over the 200MA lines over a year later.
I'm bullish long term but watching these levels
Every person you've ever envied for their entry like the people who bought $SOL at $8, $ETH under a hundred, bitcoin in the hundreds, every single one of them sat through a period that felt exactly like the one you're in right now. So much doubt n fear while friends left the space. And probably even shame from their family.
Everyone always romanticizes low entries and completely ignores what it probably felt like to hold those positions. It's easy to see the end result and imagine it was obvious.
But the truth is that it was never obvious. It was terrifying for the people with the best entries because they also sat through the worst drawdowns. It's just that the perspective changes based on which year or timeframe the entry is viewed from.
You can't separate the entry you envy from the pain required to keep it... they come as a package.
Later we will see posts like "i held through the bear" with a PnL screenshot of their big win. But remember that it was never easy for them.
if you're still here, reading this, while everyone else has logged off and quit, i want you to understand what that actually means
it doesn't mean you're smarter
it means you have the ability to keep believing in something while the whole world tells you otherwise. and that trait is rare.
it's not just a crypto trait. it's the same thing that lets people build businesses for years and build a life they want.
it's the ability to hold conviction through a period that offers you nothing back.
the market will recover and I can't promise you the price but I can promise you that the person who learns to sit through this, calm, patient walks away with something that pays out in every area of life.
@notthreadguy Any posts or videos about Saylor blowing up or concerns about Strategy always performed poorly on YouTube for over the past year
Up until now when consensus is the same across the board
Something to consider
in two years you'll either tell the story of how you stayed through this or the story of why you didn't and fumbled generational wealth
both stories get told at the same dinner table
Michael Saylor just invented a brand new metric that appears nowhere in Strategy's actual filings.
If you hold the stock, you should probably know why he needed one.
I think the timing tells you everything. Watch before you buy more π
$MSTR $STRC