Volatility is a gift to the faithful...

in #finance4 days ago

Michael Saylor tweeted this a few hours ago, and I have got to say that even though I might not be a gigantic fan of Michael Saylor in many ways, I still believe he has a lot of wisdom behind buying all those Bitcoins and with such a quote.

Why is that? Because if you know where the markets are going, then you are happy about the volatility which from time to time pushes the prices downwards. As a result, you are able to stack up even more of a certain token or utility at a cheaper price, knowing that in the end, it will anyway head upwards.

Isn't that brilliant? So if Bitcoin should fall to $70,000 (something I doubt it will anytime soon), then the really truthful believers and faithful investors will just be happy, knowing that it gives them one more chance at buying even more Bitcoin at a lower price, knowing that it will head upwards again sometime soon.

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Are you able to look at the markets in such a way? Or are you in terror right now as the value of your portfolio has dropped with 15% in the last 24 hours? If you are in terror, then it probably means that you are worried about your investments, most likely because you have some shitcoins inside that you don't trust.

But, if you trust your investment long-term, then volatility just makes the ride more interesting, and it gives you several chances at investing and buying even more.

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