ON THE PRICE OF BITCOIN

I see hodling (holding) bitcoin like having a long-term savings account.

The daily price doesn't matter, as it is expected to be volatile (go up and down) for some years yet.

As I mentioned previously, this is normal for a new asset undergoing price discovery.

If one zooms out on the BTC/USD price chart, you will see that it has increased by +31,296% since 2009, averaged out to ~200% per year.

The price swings reflect various news articles, regulatory updates, market demand, fear and excitement. It's a roller-coaster!

The longer you hodl, the more you learn and understand the fundamentals, and the more you realize the profound implications of having sound money, the less the price matters.

In the end, 'price' won't matter at all, as bitcoin will be the unit of account.

Disclaimer:

Only put in what you 'can afford to lose', since there are, of course, no guarantees.

Consider the bitcoin you buy as a long-term savings account, and plan to leave it in cold storage for a minimum of five years before spending.