Bloody Wednesday Cured my Bitcoin Short Anxiety

I posted about a week ago that I was always anxious about being short Bitcoin. When I had any disposable cash on hand, I was scared Bitcoin was just going to explode and I would miss out, and so I'd immediately fomo it in.

This, obviously, led to an average buy price up in the 50s.

I would then get upset and frustrated when it dipped because I wouldn't have any liquid cash to buy the dip. I was stuck in that cycle of always being nervous about not having enough, and then not being able to buy dips.

Well, Bloody Wednesday cured me. Being up that entire night, and then that morning when it all went down, watching the unbelievable manipulation where the whales attack and try to liquidate each other, seeing the China fud from 2017 come back as if it's a new thing, watching the price crash from 42k to 29k in an hour, and then recover just as fast, watching every exchange go down...

It showed me that, no, I don't have any idea where the price is going in the short term, nor should I expect to. Bitcoin's price isn't about the asset's intrinsic value. The price is a game, and I don't have the money or power to play it.

So that's it. I'll dollar cost average in from now on, slowly, over the course of a few weeks every time I have a chunk of cash I can invest.

Even now, here's a question for you: when we get to 47k, are we going to the moon, or will we have one more capitulation crash back down into the 25s?

No one knows.

So I'll DCA in at 47k just like I'm doing now at 40k, and like I'll be doing from this point on, forever.

The acceptance of my own ignorance is liberating. I can finally breathe again.