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After a month of extreme fear in June 2021, confidence seems to be returning to the Bitcoin market. Several charts clearly indicate that the big opportunity for the coming months with Bitcoin is now. Those who want to take full advantage of the Bitcoin revolution have a tremendous opportunity to accumulate more now.
I detailed the charts that support this idea in a recent article: “The Big Opportunity With Bitcoin for the Coming Months Is Now?—?8 Charts Confirming This Idea”.
Among the responses to that article, one person asked me if I was already in the Bitcoin world in 2018 when a Bear Market took over the market for many months. This person went further and asked me what I was saying at the time in my articles about Bitcoin:
So I feel compelled to give my opinion as a Bitcoin “Veteran”. I put quotation marks here because I have only been fully engaged in the Bitcoin world since the beginning of 2017. I discovered Bitcoin in 2014, but it took me a while to fully dive into this unique currency revolution.
Bitcoin’s Bear Market in 2018 was an opportunity to accumulate more BTC
So I was there at the end of 2017 when the euphoria took over the Bitcoin market. I was still there when the speculative bubble that had formed at the time burst. This explosion then leading to a Bear Market that lasted throughout 2018 and part of 2019.
So I witnessed the fall, which seemed irretrievable to some, of the price of Bitcoin from $20K to just $3.2K.
Throughout this fall in the price of Bitcoin, I was already repeating what I say today in many of my articles:
Stay Strong, Stay a Bitcoin HODLer.
Great investment successes are always built in these moments. It’s when everyone is panicking and no one is interested in an asset anymore that you have to get greedy.
As long as the fundamental freedoms of Bitcoin are preserved, demand will continue to grow in the future
With Bitcoin, you need to ask yourself the right questions. The first is whether the freedoms that Bitcoin offers you are still preserved. I’m talking about the three major freedoms that Bitcoin gives you:
- Freedom to send BTC.
- Freedom to receive BTC.
- Freedom to HODL BTC.
As long as these three freedoms are preserved, the demand for Bitcoin will continue to grow. Why? Simply because they allow people to live their lives on their own terms. Bitcoin is about freedom.
People who focus only on the short-term price of Bitcoin will panic when its price drops by more than 50%. Those who take a long-term view of Bitcoin will see an incredible opportunity to accumulate more. And that’s what’s at stake for the next few years with Bitcoin.
Bitcoin is an accumulation game for the years to come.
“Stay Strong, Stay a Bitcoin HODLer” is my mantra
The more BTC you can accumulate, the better your future will be. In fact, when the price of Bitcoin falls sharply as it did in May 2021 while its fundamentals remain intact, it is an opportunity. Elon Musk’s manipulation of the Bitcoin price, as well as the FUD coming out of China, is what caused the Bitcoin price to crash.
All of this will be history in a few months, if not weeks.
That is my belief. The person who wrote this comment might say to me: what will you do if you are wrong?
In that case, Bitcoin would go back into a Bear Market. This is not my preferred scenario, but anything is possible in life. Well if that happens, I will do as I did in 2018. I will apply the following principle over and over again:
Stay Strong, Stay a Bitcoin HODLer.
You have no interest in exchanging your Bitcoin for a weak currency like the US dollar
Bitcoin is a savings technology that allows me to protect the fruits of my labor from the ravages of monetary inflation in a censorship-resistant way. It is the best option for me to protect my wealth.
So I have no interest in taking some profits by trading my Bitcoin for a weak currency like the U.S. dollar. Rather than thinking of selling my Bitcoin, I will accumulate more.
I plan to take every opportunity to accumulate more in the months and years ahead. I can do this because I have complete confidence in the success of the Bitcoin revolution. This confidence is complete because I really understand Bitcoin.
Final Thoughts
Those who fear the volatility of the Bitcoin price in the short term are people who still haven’t understood the incredible power of the Bitcoin revolution.
This is not a problem. They will take longer to embrace this revolution. De facto, their reward will be less than those who have supported Bitcoin since the early days.
Then there is no need to say that those who are profiting from Bitcoin have been lucky. With Bitcoin, there is no such thing as luck. Everyone gets what they deserve. It’s up to you to decide what you want to do with the Bitcoin revolution.
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