Really great point about not living on the income but instead holding it for the long term. I hope more are thinking the same.
Even a company as groundbreaking as Amazon lost 90%+ after the dot com bubble popped. A drawdown like that can flush out a lot of investors, especially those trying to get rich quick.
If interest rates keep rising we may see many cryptos continue to drawdown; that could make for a very long storm.
Generally a minority I'd say.
Most people don't remember the late 90s, let alone the late 80s recessions - they seem to think very short these days - want everything now - despite not being builders themselves - perhaps that is why.
Human nature I suppose. Hopefully the more posts like these encourage others to be builders and/or heed the warnings of history. Thanks for the reply and have a great day.