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Is it just me, or has the crypto market felt a bit… stagnant lately?
Not long ago, we were all riding the high of Bitcoin smashing through the $100,000 barrier. The hype was electric, the memes were flowing, and everyone was certain we were heading straight to the moon. Then, as markets often do, it stalled.
If you’re feeling frustrated by the sideways movement, I have a secret for you: This is exactly where the real money is made.
The Tale of Two Narratives
When Bitcoin hits a wall like $100k, the “weak hands” start to shake. I recently had a former student text me in a panic because she bought a small amount of Bitcoin, maybe $500, and it dropped to $80,000. She asked, “Should I sell now?”
My answer is always the same: Which story do you believe?
- Story A: Bitcoin is a glorified Ponzi scheme or a meme coin that will eventually run out of buyers and crash to zero.
- Story B: Bitcoin is a finite, scarce asset. It’s being added to corporate balance sheets to fight inflation, and sovereign states are even discussing it as a strategic reserve asset.
If you believe Story B, that the supply is shrinking while the US dollar is being printed into oblivion, then why would you sell when the price goes on “sale”?
Psychology: The Great Inverter
It’s a funny thing about human nature. When Bitcoin is at $100,000, people trip over themselves to buy because they’re terrified of missing out. But when it “crashes” to $80,000, they want to run for the hills.
Logic dictates we should do the exact opposite. Think of the market like an army. You wouldn’t send an army into battle without training, resources, and a moment to regroup. These “boring” periods where the price bounces between $80k and $90k are Bitcoin’s way of regrouping. It’s building the momentum and “dry powder” needed for the next leg up. In 2024, we saw Bitcoin bounce between $45k and $60k for months before it finally shot to new heights.
The Long-Term Math
Here is the “smart” perspective: If you believe Bitcoin will one day be worth $1 million, the difference between buying at $100,000 and $80,000 is actually quite small in the grand scheme of things.
When the price drops, I don’t panic, I “smash buy.” I also use dollar-cost averaging to keep my emotions out of it, buying a little bit every single day regardless of the price.
If you’re staring at the charts today feeling worried, ask yourself if you’re investing for tomorrow or for five years from now. If it’s the latter, stop watching the clock and start watching the narrative. The fundamentals haven’t changed; the market is just catching its breath.
Real wealth is built through strategy, not luck. Join us at Safer Crypto Investing to master the art of risk management and long-term growth. Let us know all your questions and we might address them next time.
Related posts:
Ep. 004: Navigating the Volatile Crypto Market: A Closer Look at Bitcoin and Dollar Cost Averaging 
Navigating the Volatile Crypto Market: A Closer Look at Bitcoin and Dollar Cost Averaging 
Ep. 019: Unlocking the Future: Insights from the Pacific Bitcoin Festival 
Crypto Loans Pitfalls: Avoiding Tax Traps in a Volatile Market
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