7 years ago 55k Turkish Lira could buy a Volkswagen Golf.
Today 55k Turkish Lira can’t even buy an iPhone.
There is no better way to illustrate how harmful fiat inflation can be.
The end game is either Bitcoin as decentralized self-sovereign money or CBDCs as mass surveillance money.
To not believe in Bitcoin’s ethos and value proposition is to believe in the competency and integrity of central authority.
The avg. non recession bear drops -25.0% over 9.1 months, vs. -34.6% over 15.3 months in recession. Over 50 yrs. the median non-recession bear fell -18.0% over 6.8 mos. If the economy avoids a recession, then the current decline is approaching the avg. for both time and price.
Patience is like a muscle.
It gets tired.
Once in a trade, the more you check your position and how the price is doing, the less staying power you will have.
Leave the trade alone.
Have stops in place and let your computer manage the rest.