Buying at the top / living through bear market

Curious if others had this experience. Have what I would consider a pretty typical entry into BTC…buy sh*tcoins first cuz like blockchain then moon LOL but finally read enough about Bitcoin and drrrrrrrr dumbass, it’s the apex predator. made first purchase in 4/2021. You know what happened next. However, I continued to read and educate myself, and I didn’t panic sell.

In fact, I’m GLAD now when price go down, cuz cheaper sats, and not just for me, any other pleb trying to store some more corn before the big monied pockets come in. There’s a famous podcaster who talks about how you don’t really understand BTC until you go through a bear market, and I think this sentiment is exactly right. I’m doubled down on my resolve and understanding of the network. Another famous BTC person stated on Substack that he believes Bitcoin is as safe as US Treasuries (before 2020 and all the money printing).

Regarding future draw downs after bull market, I don’t give a fck. I’d say just for hypothetical purposes that BTC goes to $150-$200k, then has an 80% drawdown to $40k. (I’m hesitant to believe that a huge drawdown occurs after next bull run, given likely large number of ETFs and supply scarcity. BlackRock alone has 10,000 sales agents….what happens when they are told to put their clients in just 0.5% of that customer’s assets in BTC??) but even if it does, the hardcore hodlers of 2023 are a different breed. Count me in that grizzled group. I’m not fcking selling. Ever. “Down the road” I will do what rich people do: borrow against hard assets.

Anyone else with such an experience?

Thank you for listening to my TedTalk