The first time I made a significant investment in bitcoin was January 2022. The price was $42,120. Six months later I was down over 50% on that investment.
I was in a state of extreme FUD, and on the verge of selling and taking the loss, but it was a hard pill to swallow, so I needed to convince myself that selling was the right thing to do.
Instead, the opposite happened.
Over the next two or three months I read The Bitcoin Standard, read about Austrian economics, learned a lot about economics, watched dozens of YouTube videos, and listened to dozens of podcasts. By October 2022 I was completely orange pilled, and between then and May 2023 I moved well over 60% of my net worth into bitcoin.
If you’re a noob, and in a state of FUD right now, I urge you to educate yourself before you consider dumping your bitcoin. You might find that your FUD turns to excitement at what the market is offering you right now.
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