What is up Sats Crew,
Every day it is easy to turn on the news and see the neck-snapping appreciations in Bitcoin. The rise of this asset is causing heads to turn all around the world regarding the potential of this future world reserve asset.
In the end, it is important to not let the short-term gains and media hype get to us, rather it is better to keep a level approach anchored to knowledge and understanding of the asset.
In today's podcast, I go over some very important topics regarding FOMO and keeping a level head. These topics include:
- Understanding Bitcoin on a deeper level - and continuously studying the asset
- Knowing many people often get into things when the hype is high (and the price), but ignore when the hype is low (and the price)
- Look at NVIDIA, GameStop, Tesla, or any investment, people always are talking and hyping the euphoria but it is dead silence in the bear markets
- Bitcoin meetups and Conferences are often dead compared to during the bull markets
- Price rises can keep people out, but many times, the price dropping keeps people out as well
I'd love to hear your thoughts on the inflow of FOMO and people who have been on the sidelines for the last couple of years! What are your thoughts on the boom/bust cycles we see amongst investors in this asset class?
When everything shakes out, I think it is of high importance to be in this for the right reason, not just for fiat gains, or cause we are rich on paper. Rather we are here because we believe this asset will change the entire world.
Best Regards,
Bitcoin Buys: https://invite.strike.me/2MSTYG
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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