It’s LONELY at the bottom. But you get a lot more bitcoin for your money!

It’s lonely at the bottom, but at the
bottom is where you buy a lot more
Bitcoin for your dollar. As the price of
any asset drops, all of the noisy top
buyers start to subside, which starts
making it feel lonely as the price gets
lower and lower because more and more of
the noisy top buyers are standing on the
sidelines and more of the quiet, smart
money steps out of the shadows and picks
up the Bitcoin or whatever asset it is
for cheap. That’s what I’ve been doing
from almost the beginning. Now, when I
first got into Bitcoin, I bought a lot
of more expensive Bitcoin because that’s
what everybody does when they are early
in the process. As I always say, the
first 50% of all the Bitcoin you buy,
you will buy on the expensive side of
things. But after that, you start really
wanting your asset to be on sale because
you already own so much of it that if
you want more of it, you want it to be
on sale. So, it’s times like this in the
dips that the uh you know, it feels
lonely, but that’s when the price is on
sale. That is why I’m buying more
Bitcoin as soon as the wire transfer
comes in from SD Bullion for the gold
and silver I had back from 2017. I’m
hoping that wire transfer will hit
today. The conventional banking system
sucks, so it might be Monday. I don’t
care. I’m going to buy more Bitcoin the
moment it hits and I will end up with
somewhere between 5% and 10% more
Bitcoin than I have today depending on
the price. The lower the price goes, the
more Bitcoin I get for every dollar. So,
it’s lonely at the bottom. There’s a lot
less buzz. There’s a lot less euphoria.
Uh but you get a lot more Bitcoin. And
think about it. If the price is going to
go to 150 $160,000 anyway in the next 12
months, the price gain you get from
$95,000 Bitcoin is a lot bigger than the
price you get from $125,000 Bitcoin.
Now, there’s never a bad time to buy
Bitcoin. In the rearview mirror, you
will look at it and it will totally not
care. You will you will look at it and
you will think it was absolutely
ridiculous that you were so worried
about whether you bought Bitcoin at 95
or 105 or 115 or 125. All of those
numbers are going to sound just as
ridiculous as they did back when I was
first buying Bitcoin in 2017 and 2018,
which all of the prices today had a zero
removed. So the price, you know, was up
to 12,600, which is the equivalent of
126,000. 12,600 missing a zero or adding
a zero is 126,000, the highest Bitcoin’s
ever been. And then the price dropped to
10,500.
And of course, everybody’s freaking out.
and which is the equivalent of 105. Then
it drops to 9,500 and everybody’s
freaking out some more and everybody
worries that the Bitcoin they bought at
12,600
was so expensive and they can’t believe
Bitcoin is 9,500 now. Now to put that in
perspective, how ridiculous does that
sound now that everybody was worried
that they had bought expensive Bitcoin
at 126, sorry, at 12,600 instead of
9,500 and everybody was worried about
whether they should wait and try to bit
buy Bitcoin cheaper than 9,500 and a
bunch of people missed out because, you
know, whatever number they picked is a
number that Bitcoin never hit. So, it’s
lonely at the bottom, but that’s where
you get more Bitcoin for your dollar.
There’s nothing wrong with Bitcoin. all
of the fundamentals. It is still
durable, divisible, portable, fungeable,
authentic, authenticatable, and most
importantly, scarce. Bitcoin still has
all of the qualities of an ideal money,
an ideal reserve asset for the world, an
ideal medium of exchange, store of
value, unit of account. Everything about
Bitcoin is just as amazing as it’s
always been, which means eventually that
will be reflected in the price. And if
that is not reflected in the price
today, so what? be patient and it will
be eventually reflected in the price. It
is only a matter of time and so you just
got to wait. It’s lonely at the bottom,
but the bottom is where there is the
point of greatest opportunity. And I
think Bitcoin is seriously on sale right
now. And you know, I’m going to buy as
much more of it as I possibly can the
moment this wire transfer from SD
Bullion comes in.