Vegas Tops & Local Bottoms | 050
Zoom out and chill. Everything is going to be OK.
One Way Ratchet · Trent Nutting, Dan Felger
May 5, 202448m 52s
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Show Notes
Dan and Trent break down:
- Trent's quick hit to Vegas
- Gearing up for Sphere shows
- Recent Bitcoin price volatility and sentiment
- Reminder to zoom out and take the long view.
- Don't be tricked or distracted by short-term price movements. They are designed to shake the confidence of inexperiences retail investors.
- Zoom out and chill
- Case in point: look at price on the day of the 4 Bitcoin Halvings:
- 2012: $12
- 2016: $650
- 2020: $8600
- 2024: $65,000
- Notice any pattern
- This is true not just of Bitcoin but of life: block out the day to day volatility and take the log view.
- Song of day: Hot in Herrre by Nelly
Topics
bitcoin