I prefer to wait for the price of Bitcoin to fall a little further before I buy it. It's currently at $42K, so I'd rather wait until it drops below $40K. You've probably heard some people say that already.
And then, once the price of Bitcoin drops slightly below $40K to around $38K, these people will tell you: “I'm waiting for Bitcoin to drop below $30K”.
If the price of Bitcoin were to fall below $30K, these people would still wait. After all, it could still fall further. If you have ever met people who think like this, you know as well as I do that these people never take action in general, and with Bitcoin in particular.
While you hesitate to buy Bitcoin, your purchasing power falls inexorably
These people spend their time waiting for Bitcoin to fall further and further, and having immense regrets when its price soars to new ATH (All-Time High) levels.
While they procrastinate, their purchasing power does not wait to fall. The great monetary inflation that we are undergoing is causing their purchasing power in American dollars to fall inexorably.
For a better understanding of this reality, take a look at the evolution of the purchasing power of $1,000 since 2010 with that of the price of Bitcoin over the same period:
This illustration shows you that every time you hesitate to buy Bitcoin, you are putting your future regarding money at risk. Not only will you miss out on the opportunity that Bitcoin represents, but more importantly you will see your purchasing power fall no matter what.
I say no matter what because the current monetary and financial system is one of inexorable generalized impoverishment.
This system, unilaterally instituted by Richard Nixon in August 1971, is totally unfair and undermines the future of money for the majority of the world's inhabitants.
Bitcoin gives you the weapons to protect your future regarding money
Bitcoin provides an answer by giving you the weapons to protect your purchasing power from this great monetary inflation. So when you buy Bitcoin, you need to think long-term. Instead of worrying about what might happen in the next few weeks if the price of Bitcoin falls after you buy, look at the evolution of the price of Bitcoin since its inception.
The price of Bitcoin has been rising steadily due to an ever-increasing demand and a limited supply of 21 million units no matter what.
If you learn enough about Bitcoin, you will have the confidence in its revolution to be patient. Patience is the key to getting the most out of Bitcoin. Bitcoin has always rewarded patience.
Those who have adopted the HODLing Bitcoin no matter what strategy end up, or will end up, always in profit:
Currently, HODLing Bitcoin has been a profitable strategy 96.2% of the time. In the coming months and years, I do not doubt that it will continue to approach 100%.
On the other hand, I do not doubt that your purchasing power in US dollars will continue to fall. It cannot be otherwise when the Fed has printed more than 30% of the U.S. dollars in circulation in the last eighteen months.
The great monetary inflation is here, and only you can take care of your money’s future. In my eyes, Bitcoin is your best weapon to do so. The day you understand that you will not hesitate a moment longer.
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