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> An All Time High post is compulsory, isn't it?

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People who a few short years ago, were not only skeptical of Bitcoin, but were at times hostile towards it in general, because they couldn't see any value proposition, and didn't believe there was any sense behind it at all. Still, they don't mind profiting from it.

> Skeptics.

I was talking with a colleague today about building a community and how part of that is building an environment of "winning together". We were also talking about simulation theory and the benefits, where it essentially allows us to try at "no risk" in the sense that if this is a simulation after all, what does it matter? Who cares if others think we have failed?

> Everyone

Which is why he believes that if he was investing into something risky, he wouldn't tell anyone. The excuse is of course that he wouldn't want them to lose, but at the same time, wouldn't he want them to win with him? 

Whether we believe it is a simulation or not, we each have to live with the decisions we make, and that includes the way we invest. What is interesting with something like Bitcoin, is that it is an opt-in investment, no one is forcing the investment, unlike some other vehicles we use, like retirement funds, where we don't have the power to personally choose what gets bought and sold at a granular level. We also pay our tax as an "investment" into our community.

> How's that working out for us?

I got into crypto when I had minus assets and was struggling to pay for baby formula, but bit by bit I was able to expand my crypto assets and start to build at least some wealth in the digital economy. I tried to get people to learn with me, to expose them to the possibility, but there were very few who would take the risk, because not only do we not want to lose money, 

> We don't want to lose face. 

But, I kept and keep trying to get people to dig a little deeper, do their due diligence and make a decision, because I want them to have a chance to benefit. It doesn't have to be an "all in" scenario, a few dollars here or there, a part of a bonus on another occasion, and they would be well and truly up. For instance, while I had no money but was writing for crypto, one of my friends could have been buying Bitcoin around the 900 mark. For him at the time, half a bitcoin a month would have been 50% of his savings per month. 

> That would now be worth 25% of his yearly salary.

*Instead, he bought three months worth at 50K.*

> Quite a different DCA

This is the thing with risk and reward, because in general, the earlier into an investment, the riskier, and the later in the lower the potential for gains. What is interesting is that because we are social animals, we don't just want to not lose our face and be ridiculed for bad decisions, we are also willing to follow the pack and do what others are doing, even if we know that the gains are lessened, therefore making the risks are higher. We'd rather be in the group and fail together, than trailblaze and die alone. 

Which is why simulation theory is useful to consider, because if it "doesn't really matter", than we are able to be more risk-seeking, because if we fail, *it doesn't matter.* It goes against our social nature in a sense, by reducing the weighting we give to the opinions of others. However, if this is a simulation, then there is no harm in bringing people into the fold and opening them up to the possibility of an investment.

>It is up to them if they pull the trigger. 

Thankfully, the couple guys in the chat I mentioned above, have not only been buying at *much lower* prices than today (10x up on their first buys), they have also been learning over the last few years, investing into other alts, and getting a better understanding of the lay of the land. They aren't fully converted crypto world adopters, but they are well on the path.

I love how excited they are about the prices, it is fantastic to see people feeling happy that they have made the right decision, and they are reaping what they have sown. Eventually, I do want them to get deeper into the other aspects of the industry, and I think that this cycle will help them do just that. They are ready. 

>How will they feel when the correction inevitably comes?

That is still to be seen, but if history repeats, this first break of the ATH isn't the last break of the ATH in a bullrun, and there is much more to come. With the ETFs now in play, there is a lot more potential energy that can be released into the markets, but don't assume that it is only up, because that isn't likely the case. And always remember...

> Not your keys,

*Not your crypto.*

Taraz
[ Gen1: Hive ]


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