This goes out to all the traders and speculators trying to time the market.
Whatever the majority of people think will happen when it comes to anything around Bitcoin, it usually does the opposite.
The majority of people think that the Strategic Bitcoin Reserve Bill won't pass, so chances are, the opposite will happen. This all fits within Samson Mow's theory of Max Pain.
Basically, Bitcoin will do whatever leaves the most people behind, because people deny it or speculate on it. The ones who almost always do the best in Bitcoin are the HODLers. The HODLers experience every tailwind, and every headwind.
But here's the thing, the tailwinds have always been stronger and in higher quantity. As evidenced by the fiat value of Bitcoin.
Humans are naturally fearful and pessimistic. It is through evolution that we plan for, and expect the worst, and so we always pay more attention to bad things than we do good things.
When you begin to understand how people think and act according to their emotions, you'll understand how the market behaves.
Get over your egos when it comes to what you "believe" about Bitcoin.
Understand the fundamentals of what makes Bitcoin different from gold and every other store of value out there, and you'll benefit alongside everyone else who has shifted to the new paradigm.
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