The crypto community has less patience with bitcoin my dog waiting for supper time

Hint, my dog has no patience at all. He usually knocks the food out of my hands as I am trying to put it in his bowl.

I try to explain to him that he would get more food if he would just wait patiently, yea good luck explaining anything to a hungry dog around dinner time.

Well, good luck explaining anything to a dog for that matter.

Anyways, bitcoin investors have turned into exactly what regulators say they are. They are speculators sitting at home in the bathrobes waiting to get rich.

The rhetoric surrounding bitcoin seems to be that its ded now since it hasn't made a new high in what, 16 days now?

This is me waiting for bitcoin to make new highs:

(Source: https://twitter.com/cz_binance/status/1353390004395937798/photo/1)

In all seriousness though, I'm not getting impatient at all.

I understand that the price of an asset doesn't make new highs and doesn't spend all that much time at all time highs.

In fact, I remember an old saying that goes something like "price doesn't give you that much time to sell the highs".

That implies that the price moves off the highs pretty quickly, so don't expect it to stay there for long.

I fully expect over time the price will continue to rise, just as it always has.

It's gone from the lower left to the upper right and that is pretty much it if you zoom out enough. I may try to sell some end of this year if we go over $100k, but other than that I will keep sitting on my bench and waiting.

It's what I've done since I invested in it years ago and it's worked pretty well so far..

Posted Using LeoFinance ^Beta